Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $20,560

• 1c · Fundraising events

  $159,940

• 1d · Related organizations

  $706,049

• 1e · Government grants (contributions)

  $24,260,245

• 1f · All other contributions, gifts and grants

  $8,448,179

• 1g · Noncash contributions included above

  $13,630

• 2a · Program service revenue: GROSS RENTS

  total $3,077,185 · related or exempt $3,077,185

• 2b · Program service revenue: MANAGEMENT FEES

  total $74,087 · related or exempt $74,087

• 3 · Investment income

  total $298,160 · excluded $298,160

• 7a · Gross sales of assets other than inventory

  securities $3,845,812

• 7b · Less cost or other basis and sales expenses

  securities $3,743,962

• 7c · Gain or loss

  securities $101,850

• 7d · Net gain or loss

  total $101,850 · excluded $101,850

• 8a · Fundraising events: gross income

  $5,116

• 8a · Fundraising events: contributions included on line 1c

  $159,940

• 8b · Fundraising events: direct expenses

  $151,318

• 8c · Net income from fundraising events

  total -$146,202 · excluded -$146,202

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $94,887 · program services $94,887

• 2 · Grants to domestic individuals

  total $7,087,679 · program services $7,087,679

• 5 · Compensation of officers, directors and key employees

  total $610,601 · program services $512,311 · management and general $68,193 · fundraising $30,097

• 7 · Other salaries and wages

  total $15,824,799 · program services $13,258,569 · management and general $1,797,700 · fundraising $768,530

• 8 · Pension plan contributions

  total $513,196 · program services $435,315 · management and general $49,703 · fundraising $28,178

• 9 · Other employee benefits

  total $2,674,926 · program services $2,268,987 · management and general $259,065 · fundraising $146,874

• 10 · Payroll taxes

  total $1,203,929 · program services $1,021,224 · management and general $116,600 · fundraising $66,105

• 11b · Fees: legal

  total $152,695 · program services $54,516 · management and general $65,785 · fundraising $32,394

• 11c · Fees: accounting

  total $116,330 · program services $41,533 · management and general $50,118 · fundraising $24,679

• 11f · Fees: investment management

  total $8,172 · management and general $8,172

• 11g · Fees: other

  total $1,648,745 · program services $1,372,046 · management and general $196,112 · fundraising $80,587

• 13 · Office expenses

  total $285,377 · program services $240,252 · management and general $45,125

• 16 · Occupancy

  total $766,529 · program services $750,003 · management and general $16,526

• 17 · Travel

  total $117,429 · program services $114,682 · management and general $1,360 · fundraising $1,387

• 19 · Conferences, conventions and meetings

  total $123,805 · program services $66,731 · management and general $52,452 · fundraising $4,622

• 22 · Depreciation, depletion and amortization

  total $1,247,187 · program services $1,117,928 · management and general $129,259

• 23 · Insurance

  total $496,292 · program services $375,368 · management and general $120,123 · fundraising $801

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $1,144,494 · program services $1,101,767 · management and general $42,727

• 24b · Other expenses: SUPPLIES

  total $1,111,978 · program services $806,163 · management and general $273,884 · fundraising $31,931

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $36,601 · program services $30,925 · management and general $4,649 · fundraising $1,027

• 24d · Other expenses: TRAINING

  total $9,816 · program services $5,439 · management and general $3,688 · fundraising $689

• 24e · All other expenses

  total $311,883 · program services $275,160 · management and general $3,132 · fundraising $33,591

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $666,439 · end of year $1,297,881

• 3 · Pledges and grants receivable

  beginning of year $3,606,237 · end of year $3,381,013

• 9 · Prepaid expenses and deferred charges

  beginning of year $467,988 · end of year $1,092,615

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

  $22,754,595

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

  $6,163,127

• 10c · Land, buildings and equipment, net

  beginning of year $16,968,114 · end of year $16,591,468

• 12 · Investments: other securities

  beginning of year $3,601,971 · end of year $6,191,260

• 13 · Investments: program-related

  beginning of year $15,625,974 · end of year $16,878,018

• 15 · Other assets

  beginning of year $121,906 · end of year $215,302

• 17 · Accounts payable and accrued expenses

  beginning of year $1,481,703 · end of year $1,442,369

• 19 · Deferred revenue

  end of year $701,484

• 23 · Secured mortgages and notes payable

  beginning of year $5,525,393 · end of year $5,504,063

• 25 · Other liabilities

  beginning of year $123,863 · end of year $217,848

• 27 · Net assets without donor restrictions

  beginning of year $17,192,968 · end of year $14,769,940

• 28 · Net assets with donor restrictions

  beginning of year $16,734,702 · end of year $23,011,853

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION ANNUALLY REVIEWS THE PERFORMANCES OF THE EXECUTIVE STAFF AND OTHER STAFF TO DETERMINE IF ADDITIONAL COMPENSATION IN THE FORM OF BONUSES WILL BE PAID. DURING CALENDAR YEAR ENDING DECEMBER 31, 2024, BONUSES WERE AWARDED BASED ON REVIEW OF EACH INDIVIDUAL'S PERFORMANCE AND SERVICES TO THE ORGANIZATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HOUSING NOW LLC

  LOW-INCOME REAL ESTATE DEVELOPMENT AND MANAGEMENT · UT · income $0 · assets $0

  Directly controlled by THE ROAD HOME

• FAMILY HOUSING SOLUTIONS LLC

  LOW-INCOME REAL ESTATE DEVELOPMENT AND MANAGEMENT · UT · income $69,607 · assets $3,669,269

  Directly controlled by THE ROAD HOME

• SHELTER THE HOMELESS II LC

  LOW-INCOME REAL ESTATE DEVELOPMENT AND MANAGEMENT · UT · income $2,499,115 · assets $5,369,219

  Directly controlled by TRH PSH LLC

• STH WENDELL LLC

  LOW-INCOME REAL ESTATE DEVELOPMENT AND MANAGEMENT · UT · income $362,121 · assets $613,025

  Directly controlled by TRH PSH LLC

• TRH PSH LLC

  LOW-INCOME REAL ESTATE DEVELOPMENT AND MANAGEMENT · UT · income $0 · assets $0

  Directly controlled by THE ROAD HOME

Related partnerships

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

• STH MAGNOLIA LLC

  LOW-INCOME REAL ESTATE DEVELOPMENT AND MANAGEMENT · UT · 0.01% owned · share of income -$51 · share of assets $495,653 · general or managing partner

  Directly controlled by STH MAGNOLIA HOLDINGS LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• STH MAGNOLIA HOLDINGS LLC

  C · LOW-INCOME REAL ESTATE DEVELOPMENT AND MANAGEMENT · UT · 100% owned · share of assets -$137

  Directly controlled by THE ROAD HOME