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Nonprofiteer
← ICCF NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2023

Filed by ICCF NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$3,499,909
Total expenses
$3,709,518
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,615,763
Investment income
-$115,854
Other revenue
$0
Total assets, end of year
$1,490,921
Total liabilities, end of year
$1,379,952
Net assets or fund balances, end of year
$110,969
Program services expenses (Part IX)
$1,922,490
Management and general expenses
$1,408,258
Fundraising expenses
$378,770
Program service expenses (Part III)
$1,922,490

Program services were 51.8% 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: MANAGEMENT FEE

    total $3,615,763 · related or exempt $3,615,763

  • 7a · Gross sales of assets other than inventory

    other assets $205,193

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

    other assets $321,047

  • 7c · Gain or loss

    other assets -$115,854

  • 7d · Net gain or loss

    total -$115,854 · excluded -$115,854

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $227,938 · management and general $227,938

  • 7 · Other salaries and wages

    total $2,705,485 · program services $1,594,374 · management and general $758,669 · fundraising $352,442

  • 10 · Payroll taxes

    total $262,869 · program services $141,311 · management and general $95,230 · fundraising $26,328

  • 11c · Fees: accounting

    total $4,000 · management and general $4,000

  • 11g · Fees: other

    total $426 · program services $426

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $419,222 · program services $96,801 · management and general $322,421

  • 24b · Other expenses: CLOSING COSTS

    total $89,578 · program services $89,578

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $41,757 · end of year $193,881

  • 4 · Accounts receivable

    beginning of year $0 · end of year $329,469

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,898 · end of year $0

  • 15 · Other assets

    beginning of year $800,064 · end of year $967,571

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,055 · end of year $6,228

  • 23 · Secured mortgages and notes payable

    beginning of year $381,483 · end of year $577,661

  • 25 · Other liabilities

    beginning of year $169,603 · end of year $796,063

  • 27 · Net assets without donor restrictions

    beginning of year $320,578 · end of year $110,969

Mission and programs · 2023

Mission

EQUITABLE OPPORTUNITY. AFFORDABLE HOMES. THRIVING NEIGHBORHOODS.

Activities or mission (Part I)

HOUSING CONSTRUCTION FOR QUALIFIED LOWER INCOME FAMILIES.

  • ICCF NONPROFIT HOUSING CORPORATION IS THE CONSTRUCTION AFFILIATE OF THE ICCF COMMUNITY HOMES (ICCF). WE CONSTRUCT OR RE-CONSTRUCT 5-10 AFFORDABLE HOMES ANNUALLY. ALL REVENUE AND EXPENSE FOR THE PROGRAMS IS REPORTED IN THE PARENT, ICCF.

    Expenses $1,922,490 · Revenue $3,615,763

As filed on the 2023 return.

Listed in Part VII

  • CAMERON YOUNG

    DIRECTOR - CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • EUNICE LOPEZ MARTIN

    DIRECTOR - VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • DEVETTA BLAKELY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ARLEN-DEAN GADDY

    DIRECTOR - PART YEAR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JANICE DORSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RYAN VERWYS

    CEO

    Total calculated
    $158,499
    From this org
    $140,442
    From related orgs
    $0
    Other
    $18,057
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $135,317
    Bonus
    $0
    Other
    $5,125
    Deferred
    $0
    Nontaxable benefits
    $18,057
    Filer's total
    $158,499

  • MOLLY PETERSEN

    VICE PRESIDENT OF FINANCE

    Total calculated
    $29,407
    From this org
    $29,407
    From related orgs
    $0
    Other
    $0
    Hours/week
    8 + 40 related

  • DERRICK SMITH

    VICE PRESIDENT OF FINANCE-PART YEAR

    Total calculated
    $85,098
    From this org
    $77,464
    From related orgs
    $0
    Other
    $7,634
    Hours/week
    8 + 40 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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 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

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.

Disregarded entities

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

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
11 April 2025
IRS schema version
2023v6.0
Source object
202501049349300445

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