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Nonprofiteer
← FAMILY HOUSING RESOURCES INC

Form 990 for tax year 2022

Filed by FAMILY HOUSING RESOURCES INC.

Totals

Total revenue
$2,032,057
Total expenses
$1,978,342
Contributions and grants received
$504,484
Grants paid
$17,027
Program service revenue
$1,475,804
Investment income
$8,090
Other revenue
$43,679
Total assets, end of year
$10,162,926
Total liabilities, end of year
$2,604,122
Net assets or fund balances, end of year
$7,558,804
Program services expenses (Part IX)
$1,889,424
Management and general expenses
$88,918
Fundraising expenses
$0
Program service expenses (Part III)
$1,889,424

Program services were 95.5% 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.

  • 1f · All other contributions, gifts and grants

    $504,484

  • 2a · Program service revenue: SUPPORTIVE HOUSING

    total $872,774 · related or exempt $872,774

  • 2b · Program service revenue: MULTIFAMILY RESIDENT S

    total $603,030 · related or exempt $603,030

  • 3 · Investment income

    total $89,653 · related or exempt $89,653

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

    securities $55,430 · other assets $26,133

  • 7c · Gain or loss

    securities -$55,430 · other assets -$26,133

  • 7d · Net gain or loss

    total -$81,563 · related or exempt -$81,563

  • 11a · Other revenue: OTHER MISC REVENUE

    total $43,648 · related or exempt $43,648

  • 11b · Other revenue: K-1 TALAVERA

    total $31 · related or exempt $31

  • 11e · Other revenue, total

    $43,679

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,027 · program services $17,027

  • 5 · Compensation of officers, directors and key employees

    total $139,027 · program services $132,076 · management and general $6,951

  • 7 · Other salaries and wages

    total $587,575 · program services $558,196 · management and general $29,379

  • 8 · Pension plan contributions

    total $11,954 · program services $11,954

  • 9 · Other employee benefits

    total $82,673 · program services $78,539 · management and general $4,134

  • 10 · Payroll taxes

    total $53,555 · program services $50,877 · management and general $2,678

  • 11b · Fees: legal

    total $31,437 · program services $29,865 · management and general $1,572

  • 11c · Fees: accounting

    total $11,876 · program services $11,282 · management and general $594

  • 12 · Advertising and promotion

    total $21,875 · program services $20,781 · management and general $1,094

  • 13 · Office expenses

    total $80,079 · program services $75,858 · management and general $4,221

  • 17 · Travel

    total $4,501 · program services $4,276 · management and general $225

  • 20 · Interest

    total $108,271 · program services $108,271

  • 22 · Depreciation, depletion and amortization

    total $133,584 · program services $126,905 · management and general $6,679

  • 23 · Insurance

    total $59,033 · program services $56,081 · management and general $2,952

  • 24a · Other expenses: OUTSIDE SERVICES

    total $395,848 · program services $378,326 · management and general $17,522

  • 24b · Other expenses: UTILITIES

    total $83,441 · program services $79,269 · management and general $4,172

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $68,598 · program services $65,168 · management and general $3,430

  • 24d · Other expenses: MISC OPERATING

    total $31,036 · program services $29,484 · management and general $1,552

  • 24e · All other expenses

    total $56,952 · program services $55,189 · management and general $1,763

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,014,176 · end of year $833,346

  • 4 · Accounts receivable

    beginning of year $39,007 · end of year $114,943

  • 7 · Other notes and loans receivable

    beginning of year $3,100,000 · end of year $3,742,839

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,433 · end of year $10,708

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

    $5,218,336

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

    $964,228

  • 10c · Land, buildings and equipment, net

    beginning of year $4,248,780 · end of year $4,254,108

  • 11 · Investments: publicly traded securities

    beginning of year $1,034,069 · end of year $1,189,807

  • 14 · Intangible assets

    beginning of year $3,809 · end of year $12,151

  • 15 · Other assets

    beginning of year $121,758 · end of year $5,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,924 · end of year $43,761

  • 23 · Secured mortgages and notes payable

    beginning of year $349,693 · end of year $685,073

  • 25 · Other liabilities

    beginning of year $1,596,326 · end of year $1,875,288

  • 27 · Net assets without donor restrictions

    beginning of year $7,505,089 · end of year $7,558,804

Mission and programs · 2022

Mission

WE CREATE LASTING SOLUTIONS TO HELP INDIVIDUALS AND FAMILIES REACH FINANCIAL FREEDOM THROUGH HOUSING SUPPORT, EDUCATION, AND PARTNERSHIP. TO ACCOMPLISH THIS, WE WORK THROUGH TWO PRIMARY AREAS OF OUR WORK; HOUSING SUPPORT AND EDUCATION AND COUNSELING.

  • HOUSING SUPPORT - FHR OWNS AND MANAGES AFFORDABLE HOUSING APARTMENT COMMUNITIES, INCLUDING A LOW-INCOME HOUSING TAX CREDIT (LIHTC) PROPERTY IN BENSON ARIZONA AND A FEW SMALLER COMPLEXES THAT FHR MAINTAINS AS AFFORDABLE.FHR OWNS AND MANAGES A HUD SECTION 202 ELDERLY HOUSING COMPLEX SERVING LOW-INCOME ELDERLY INDIVIDUALS WITH SUPPORTIVE HOUSING AND RENTAL ASSISTANCE AND RECENTLY RE-SYNDICATED A LIHTC PROPERTY.

    Expenses $563,098 · Revenue $603,030

  • EDUCATION AND COUNSELING - WE BUILD A FOUNDATION THROUGH FINANCIAL EDUCATION, WORKING TO STABILIZE AN INDIVIDUAL OR FAMILY'S SITUATION AND HLEP THEM ON A PATH TO THRIVING. OUR FINANCIAL PATHWAYS PROGRAM OFFERS FINANCIAL EDUCATIONTHROUGH ONLINE AND IN-PERSON INSTRUCTOR-LED COURSES, MENTORSHIP, AND WORKSHOPS TO BUILD KNOWLEDGE AND SKILLS FOR MANAGING FINANCES WITH CONFIDENCE. AS A HUD APPROVED HOUSING COUNSELING AGENCY, WE WORK ONE-ON-ONE WITH INDIVIDUALS TO BE MORTGAGE READY AND ENSURE THEY ARE SUCCESSFUL HOMEOWNERS. THIS INCLUDES BUDGETING, CREDIT REPAIR, UNDERSTANDING THE LENDING PROCESS AND CONNECTING ELIGIBLE LOW-INCOME BUYERS WITH CRITICAL DOWN PAYMENT ASSISTANCE. WE WORK TO CREATE STABLE HOMEOWNERS THAT ARE BUILDING GENERATIONAL WEALTH.

    Expenses $1,326,326 · Grants $504,484 · Revenue $872,774

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

Listed in Part VII

  • Meghan Heddings

    EXECUTIVE DIR.

    Total calculated
    $139,027
    From this org
    $139,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Diane Quihuis

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Megan O'Leary

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Stanley Lehman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

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.

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.

  • TALAVERA MM LLC

    AZ · income -$56 · assets $0

    Directly controlled by FAMILY HOUSING RESOURCES INC

  • SAN PEDRO TERRACE APARTMENTS LLC

    AZ · income $369,197 · assets $1,168,439

    Directly controlled by FAMILY HOUSING RESOURCES INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349322876

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