Form 990 for tax year 2022

Filed by REINVESTMENT PARTNERS.

Totals

Total revenue: $10,758,880
Total expenses: $8,605,058
Contributions and grants received: $6,377,060
Grants paid: $211,047
Program service revenue: $4,344,852
Investment income: $8,786
Other revenue: $28,182
Total assets, end of year: $21,753,597
Total liabilities, end of year: $11,267,672
Net assets or fund balances, end of year: $10,485,925
Program services expenses (Part IX): $7,916,587
Management and general expenses: $639,315
Fundraising expenses: $49,156
Program service expenses (Part III): $7,916,587

Program services were 92.0% 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)

$4,929,777
1f · All other contributions, gifts and grants

$1,447,283
2a · Program service revenue: Food Program

total $2,943,089 · related or exempt $2,943,089
2b · Program service revenue: Rental income

total $1,359,317 · related or exempt $1,359,317
2c · Program service revenue: Consulting

total $42,446 · related or exempt $42,446
3 · Investment income

total $8,786 · excluded $8,786
11a · Other revenue: Other Income

total $28,182 · related or exempt $28,182
11e · Other revenue, total

$28,182

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $211,047 · program services $211,047
5 · Compensation of officers, directors and key employees

total $135,541 · program services $81,000 · management and general $27,541 · fundraising $27,000
7 · Other salaries and wages

total $1,099,575 · program services $990,072 · management and general $96,202 · fundraising $13,301
8 · Pension plan contributions

total $56,846 · program services $48,218 · management and general $6,212 · fundraising $2,416
9 · Other employee benefits

total $103,397 · program services $92,775 · management and general $6,960 · fundraising $3,662
10 · Payroll taxes

total $84,914 · program services $73,156 · management and general $8,981 · fundraising $2,777
11a · Fees: management

total $169,032 · program services $91,597 · management and general $77,435
12 · Advertising and promotion

total $4,568 · management and general $4,568
13 · Office expenses

total $14,436 · management and general $14,436
16 · Occupancy

total $566,895 · program services $556,702 · management and general $10,193
17 · Travel

total $21,464 · management and general $21,464
20 · Interest

total $148,378 · program services $148,378
22 · Depreciation, depletion and amortization

total $323,852 · program services $134,289 · management and general $189,563
23 · Insurance

total $77,800 · program services $42,125 · management and general $35,675
24a · Other expenses: Contract services

total $5,031,227 · program services $5,028,509 · management and general $2,718
24b · Other expenses: Supplies

total $251,058 · program services $204,889 · management and general $46,169
24c · Other expenses: Repairs & Maintenance

total $166,421 · program services $165,394 · management and general $1,027
24d · Other expenses: Dues and Subscriptions

total $56,592 · management and general $56,592
24e · All other expenses

total $82,015 · program services $48,436 · management and general $33,579

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $824,889 · end of year $3,830,743
3 · Pledges and grants receivable

beginning of year $3,395,044 · end of year $1,871,583
7 · Other notes and loans receivable

beginning of year $15,000 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$17,005,119
10b · Land, buildings and equipment: accumulated depreciation

$1,073,300
10c · Land, buildings and equipment, net

beginning of year $8,024,175 · end of year $15,931,819
11 · Investments: publicly traded securities

beginning of year $76,159 · end of year $75,644
15 · Other assets

beginning of year $3,373 · end of year $43,808
17 · Accounts payable and accrued expenses

beginning of year $718,378 · end of year $3,034,467
23 · Secured mortgages and notes payable

beginning of year $3,086,907 · end of year $6,377,908
25 · Other liabilities

beginning of year $191,951 · end of year $1,855,297
27 · Net assets without donor restrictions

beginning of year $6,453,294 · end of year $9,505,785
28 · Net assets with donor restrictions

beginning of year $1,888,110 · end of year $980,140

Mission and programs · 2022

Mission

To foster healthy and just communities by working with people, places and policy. The agency provides housing counseling, VITA, food assistance, affordable housing, policy advocacy.

RPRx Housing - Our Hotel to Home bridge housing program provides a temporary, safe place for persons experiencing homelessness while they apply for permanent housing options.Development - Invested in NC neighborhoods via community development projects including our 62 rental units and a historic Community building.

Expenses $1,416,867 · Grants $211,047 · Revenue $1,359,317
Housing Counseling services, Foreclosure Prevention Counseling, and Healthy Homes Services for over 500 households

Expenses $544,662 · Revenue $42,446
RPRx Foods - Enrolled over 40,000 residents in our healthy food prescription program

Expenses $5,425,168 · Revenue $2,943,089
Taxpayer Assistance Center - Provide Current year and follow up income tax services, advocate for tax fraud victims, educate public on rights and responsibilities, investigate industry practices (served over 1,700 clients locally and 25,000 through partnerships across the state) Various consumer advocacy programs

Expenses $529,890 · Revenue $28,182

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Lenwood Long

Chair

Total calculated

$0

Hours/week

0
Natasha Goldstein

Treasurer

Total calculated

$0

Hours/week

0
Brian Dabson

Vice Chair

Total calculated

$0

Hours/week

0
Michael De Los Santos

Secretary

Total calculated

$0

Hours/week

0
Mayme Webb-Bledsoe

Director

Total calculated

$0

Hours/week

0
Peter Katz

Director

Total calculated

$0

Hours/week

0
Amber Bond

Director

Total calculated

$0

Hours/week

0
Lenora Jarvis Mackey

Director

Total calculated

$0

Hours/week

0
James Carl Manning

Director

Total calculated

$0

Hours/week

0
Shannon Moretz

Director

Total calculated

$0

Hours/week

0
Resea Willis

Director

Total calculated

$0

Hours/week

0
Dr Howard Eisenson

Director

Total calculated

$0

Hours/week

0
Joel R Skillern

Executive Director

Total calculated

$158,192

From this org

$135,541

From related orgs

$0

Other

$22,651

Hours/week

40

Schedule J breakdown matched by us

Base

$135,541

Bonus

$0

Other

$0

Deferred

$8,100

Nontaxable benefits

$14,551

Filer's total

$158,192

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

3 · Written employment contract
3 · Approval by the board or compensation committee

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: Board approves the Executive Directors pay annually during board meetings.

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

Orange County Department on Aging-RSVP

$23,470

VITA Subgrantee
Experiment in Self-Reliance

$17,560

VITA Subgrantee
Community Link

$17,500

VITA Subgrantee
New Hanover County

$17,492

VITA subgrantee
NC Economic Assistance Center Inc

$16,500

VITA Subgrantee
OnTrack Financial Education and Counseling

$13,197

VITA Subgrantee
Appalachian Regional Library System

$11,420

VITA Subgrantee
Davidson County

$10,000

VITA subgrantee
TreesDurham

$8,332

Various
City of High Point

$8,260

VITA subgrantee

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

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

Bull City Cool LLC

Commercial rental · NC
WiseWage Incorporated

Payments program - now closed · NC
RP Durham Properties I LLC

Multifamily affordable rental property · NC
Harriett's Place LLC

Affordable housing in development phase · NC
RP Ross Road LLC

Multi family affordable housing · NC · income $2,463,421
RP Rx Housing LLC

Hotel program to provide temporary bridge housing for homeless · NC · income $1,025,556

Provenance

Return type: form_990
Tax year: 2022
Filed: 15 November 2023
IRS schema version: 2022v5.0
Source object: 202323199349306967

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.