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Nonprofiteer
← SPACES FOR LIVING

Form 990 for tax year 2023

Filed by SPACES FOR LIVING.

Totals

Total revenue
$267,612
Total expenses
$157,277
Contributions and grants received
$201,403
Grants paid
$0
Program service revenue
$64,560
Investment income
$1,649
Other revenue
$0
Total assets, end of year
$832,141
Total liabilities, end of year
$104,459
Net assets or fund balances, end of year
$727,682
Program services expenses (Part IX)
$147,849
Management and general expenses
$9,428
Fundraising expenses
$0
Program service expenses (Part III)
$147,849

Program services were 94.0% 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)

    $176,403

  • 1f · All other contributions, gifts and grants

    $25,000

  • 2a · Program service revenue: RENT INCOME - APT UNIT

    total $64,560 · related or exempt $64,560

  • 3 · Investment income

    total $1,649 · excluded $1,649

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $13,248 · program services $13,248

  • 11b · Fees: legal

    total $784 · management and general $784

  • 11c · Fees: accounting

    total $7,250 · management and general $7,250

  • 13 · Office expenses

    total $1,394 · management and general $1,394

  • 16 · Occupancy

    total $40,690 · program services $40,690

  • 20 · Interest

    total $1,045 · program services $1,045

  • 22 · Depreciation, depletion and amortization

    total $27,227 · program services $27,227

  • 23 · Insurance

    total $7,713 · program services $7,713

  • 24a · Other expenses: CONTRACTS

    total $57,926 · program services $57,926

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $26,521 · end of year $58,231

  • 2 · Savings and temporary cash investments

    beginning of year $405,514 · end of year $179,668

  • 4 · Accounts receivable

    beginning of year $102 · end of year $1,203

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,692 · end of year $8,369

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

    $1,751,456

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

    $1,166,786

  • 10c · Land, buildings and equipment, net

    beginning of year $255,664 · end of year $584,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,579 · end of year $98,729

  • 23 · Secured mortgages and notes payable

    beginning of year $42,943 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,625 · end of year $5,730

  • 27 · Net assets without donor restrictions

    beginning of year $617,346 · end of year $727,682

Mission and programs · 2023

Mission

SPACES FOR LIVING INC PROVIDES LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS ND

Activities or mission (Part I)

PROVIDE LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS, ND.

  • SPACES FOR LIVING INC PROVIDES LOW INCOME HOUSING TO ELIGIBLE PERSONS IN GRAND FORKS ND

    Expenses $147,849 · Revenue $64,560

As filed on the 2023 return.

Listed in Part VII

  • Dr Leland Lipp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Jill Dahlen

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Gordon Johnson

    MEMBER

    Total calculated
    $126,427
    From this org
    $0
    From related orgs
    $109,711
    Other
    $16,716
    Hours/week
    8 + 40 related

  • Bob Hoffert

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Joe O'Neil

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Katherine Campbell

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Cody Varnson

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Pam Heyd

    CHIEF FINANCIAL OFFICER

    Total calculated
    $129,859
    From this org
    $0
    From related orgs
    $112,385
    Other
    $17,474
    Hours/week
    1 + 42.5 related

  • Tricia Lee

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $205,054
    From this org
    $0
    From related orgs
    $193,957
    Other
    $11,097
    Hours/week
    0.5 + 49.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,957 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,636 related
    Nontaxable benefits
    $0 + $461 related
    Filer's total
    $0 + $205,054 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

  • 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
CEO COMPENSATION IS APPROVED BY THE BOARD

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2024
IRS schema version
2023v5.0
Source object
202431369349314438

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