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Nonprofiteer
← LIBERTY HOUSING DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by LIBERTY HOUSING DEVELOPMENT CORP.

Totals

Total revenue
$201,959
Total expenses
$265,471
Contributions and grants received
$400
Grants paid
$0
Program service revenue
$146,827
Investment income
$0
Other revenue
$54,732
Total assets, end of year
$2,976,113
Total liabilities, end of year
$2,832,841
Net assets or fund balances, end of year
$143,272
Program services expenses (Part IX)
$122,389
Management and general expenses
$143,082
Fundraising expenses
$0
Program service expenses (Part III)
$122,389

Program services were 46.1% 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

    $400

  • 2a · Program service revenue: TENANT ASSISTANCE PAYM

    total $94,591 · related or exempt $94,591

  • 2b · Program service revenue: RENTAL INCOME

    total $52,236 · related or exempt $52,236

  • 11a · Other revenue: REFUND OF PRIOR YEAR E

    total $37,990 · related or exempt $37,990

  • 11b · Other revenue: MANAGEMENT FEES

    total $16,742 · related or exempt $16,742

  • 11e · Other revenue, total

    $54,732

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $54,689 · management and general $54,689

  • 9 · Other employee benefits

    total $9,080 · management and general $9,080

  • 10 · Payroll taxes

    total $3,545 · management and general $3,545

  • 11b · Fees: legal

    total $25,765 · management and general $25,765

  • 11g · Fees: other

    total $61,214 · program services $54,564 · management and general $6,650

  • 13 · Office expenses

    total $5,142 · management and general $5,142

  • 17 · Travel

    total $5,435 · management and general $5,435

  • 22 · Depreciation, depletion and amortization

    total $5,052 · program services $5,052

  • 23 · Insurance

    total $19,941 · management and general $19,941

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $35,025 · program services $35,025

  • 24b · Other expenses: UTILITIES

    total $27,748 · program services $27,748

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $5,941 · management and general $5,941

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $2,645 · management and general $2,645

  • 24e · All other expenses

    total $4,249 · management and general $4,249

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,842 · end of year $315,558

  • 4 · Accounts receivable

    beginning of year $39,911 · end of year $21,173

  • 9 · Prepaid expenses and deferred charges

    end of year $85

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

    $978,353

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

    $92,744

  • 10c · Land, buildings and equipment, net

    beginning of year $833,661 · end of year $885,609

  • 15 · Other assets

    beginning of year $1,471,887 · end of year $1,753,688

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,193,834 · end of year $2,313,021

  • 23 · Secured mortgages and notes payable

    end of year $227,017

  • 25 · Other liabilities

    beginning of year $16,683 · end of year $292,803

  • 27 · Net assets without donor restrictions

    beginning of year $206,784 · end of year $143,272

Mission and programs · 2024

Mission

HUD HOUSING PROJECT THAT CREATE AFFORDABLE ACCESSIBLE INTEGRATED HOUSING FOR PEOPLE WITH DISABILITIES.

Activities or mission (Part I)

HUD HOUSING PROJECT THAT CREATES AFFORDABLE ACCESSIBLE INTEGRATED HOUSING FOR PEOPLE WITH DISABILITIES.

  • HUD HOUSING PROJECT THAT CREATES AFFORDABLE ACCESSIBLE INTEGRATED HOUSING FOR PEOPLE WITH DISABILITIES.

    Expenses $122,389 · Revenue $163,569

As filed on the 2024 return.

Listed in Part VII

  • Thomas Earle

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Nathor Jenkins

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Lynn Yorgey

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Luis Olivo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Bianca Waliddin

    EXECUTIVE DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 February 2026
IRS schema version
2024v5.5
Source object
202630489349302108

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