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Nonprofiteer
← NEIGHBORHOOD HOUSING RENEWAL CORP IV

Form 990 for tax year 2023

Filed by NEIGHBORHOOD HOUSING RENEWAL CORP IV.

Totals

Total revenue
$99,152
Total expenses
$157,259
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$98,721
Investment income
$431
Other revenue
$0
Total assets, end of year
$476,984
Total liabilities, end of year
$1,161,508
Net assets or fund balances, end of year
-$684,524
Program services expenses (Part IX)
$143,379
Management and general expenses
$13,880
Fundraising expenses
$0
Program service expenses (Part III)
$143,379

Program services were 91.2% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $98,721 · related or exempt $98,721

  • 3 · Investment income

    total $431 · excluded $431

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $14,496 · program services $14,496

  • 11c · Fees: accounting

    total $13,880 · management and general $13,880

  • 11g · Fees: other

    total $685 · program services $685

  • 17 · Travel

    total $435 · program services $435

  • 20 · Interest

    total $13,301 · program services $13,301

  • 22 · Depreciation, depletion and amortization

    total $22,936 · program services $22,936

  • 23 · Insurance

    total $13,828 · program services $13,828

  • 24a · Other expenses: UTILITIES

    total $42,839 · program services $42,839

  • 24b · Other expenses: REPAIR & MAINTENANCE

    total $19,608 · program services $19,608

  • 24c · Other expenses: OTHER RENTAL EXPENSE

    total $15,228 · program services $15,228

  • 24d · Other expenses: POSTAGE & COPYING

    total $23 · program services $23

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,342 · end of year $9,099

  • 2 · Savings and temporary cash investments

    beginning of year $60,499 · end of year $60,930

  • 4 · Accounts receivable

    beginning of year $39,248 · end of year $16,835

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,556 · end of year $5,134

  • 10a · Land, buildings and equipment: cost or other basis

    $1,110,062

  • 10b · Land, buildings and equipment: accumulated depreciation

    $734,571

  • 10c · Land, buildings and equipment, net

    beginning of year $392,327 · end of year $375,491

  • 15 · Other assets

    beginning of year $9,495 · end of year $9,495

  • 17 · Accounts payable and accrued expenses

    beginning of year $185,472 · end of year $169,795

  • 19 · Deferred revenue

    beginning of year $3,093 · end of year $3,093

  • 23 · Secured mortgages and notes payable

    beginning of year $525,305 · end of year $525,305

  • 25 · Other liabilities

    beginning of year $450,014 · end of year $463,315

  • 27 · Net assets without donor restrictions

    beginning of year -$626,417 · end of year -$684,524

Mission and programs · 2023

Mission

OPERATE A HOUSING PROJECT FOR LOW-INCOME HOUSEHOLDS.

  • TO OPERATE LOW INCOME HOUSING APARTMENT BUILDING FOR LOW INCOME FAMILIES IN THE CITY OF SAN FRANCISCO.

    Expenses $143,379 · Revenue $98,721

As filed on the 2023 return.

Listed in Part VII

  • LAMAR HEYSTEK

    SECRETARY, TREASURER

    Total calculated
    $195,776
    From this org
    $0
    From related orgs
    $169,400
    Other
    $26,376
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,400 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,280 related
    Nontaxable benefits
    $0 + $12,096 related
    Filer's total
    $0 + $195,776 related

  • FRANK FUNG

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 2 related

  • ROBERT LO

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 2 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS ESTABLISHED VIA EXECUTIVE COMMITTEE. APPROVAL BY THE BOARD OF DIRECTORS IS ALSO REQUIRED.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349318961

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