Form 990 for tax year 2023
Filed by SUMMIT HILL COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,030,154
- Total expenses
- $383,391
- Contributions and grants received
- $780,154
- Grants paid
- $36,469
- Program service revenue
- $250,000
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,011,062
- Total liabilities, end of year
- $163,958
- Net assets or fund balances, end of year
- $847,104
- Program services expenses (Part IX)
- $383,391
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $383,392
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$780,154
-
2a · Program service revenue: Developer Fees
total $250,000 · related or exempt $250,000
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $36,469 · program services $36,469
-
6 · Compensation of disqualified persons
total $109,235 · program services $109,235
-
9 · Other employee benefits
total $32,629 · program services $32,629
-
11b · Fees: legal
total $6,437 · program services $6,437
-
12 · Advertising and promotion
total $2,594 · program services $2,594
-
13 · Office expenses
total $14,402 · program services $14,402
-
17 · Travel
total $3,486 · program services $3,486
-
19 · Conferences, conventions and meetings
total $2,295 · program services $2,295
-
22 · Depreciation, depletion and amortization
total $4,987 · program services $4,987
-
24a · Other expenses: Development Expenses
total $170,857 · program services $170,857
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $372,207 · end of year $595,942
-
7 · Other notes and loans receivable
end of year $127,991
-
10a · Land, buildings and equipment: cost or other basis
$274,936
-
10b · Land, buildings and equipment: accumulated depreciation
$4,987
-
10c · Land, buildings and equipment, net
beginning of year $24,936 · end of year $269,949
-
15 · Other assets
end of year $17,180
-
25 · Other liabilities
beginning of year $182,496 · end of year $163,958
-
27 · Net assets without donor restrictions
end of year $0
-
28 · Net assets with donor restrictions
end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $214,647 · end of year $847,104
Mission and programs · 2023
Mission
Summit Hill Development Corporation is a nonprofit wholly controlled the Bloomington Housing Authority for the tax exempt purpose of providing and developing affordable housing.
-
Summit Hill Community Development Corp
Expenses $300,209 · Revenue $639,192
-
Landlord Risk Mitigation Fund
Expenses $75,904 · Revenue $365,962
-
Health Foundation
Expenses $7,279
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kate Gazunis
Executive Director
- Total calculated
- $0
- Hours/week
- 0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 9 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411309349304081
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