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Nonprofiteer
← INTERFAITH HOUSING ALLIANCE INC

Form 990 for tax year 2022

Filed by INTERFAITH HOUSING ALLIANCE INC.

Totals

Total revenue
$1,996,045
Total expenses
$1,842,382
Contributions and grants received
$1,010,053
Grants paid
$0
Program service revenue
$942,128
Investment income
$41,327
Other revenue
$2,537
Total assets, end of year
$2,946,155
Total liabilities, end of year
$2,997,994
Net assets or fund balances, end of year
-$51,839
Program services expenses (Part IX)
$1,740,791
Management and general expenses
$98,020
Fundraising expenses
$3,571
Program service expenses (Part III)
$1,740,791

Program services were 94.5% 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.

  • 1e · Government grants (contributions)

    $549,317

  • 1f · All other contributions, gifts and grants

    $460,736

  • 2a · Program service revenue: RENTAL OF LOW INC HOUS

    total $433,164 · related or exempt $433,164

  • 2b · Program service revenue: DEVELOPER FEE REVENUE

    total $342,151 · related or exempt $342,151

  • 2c · Program service revenue: PROPERTY MANAGEMENT

    total $131,446 · related or exempt $131,446

  • 2d · Program service revenue: SUPPORTIVE SERVICES

    total $35,367 · related or exempt $35,367

  • 3 · Investment income

    total $26,373 · excluded $26,373

  • 7a · Gross sales of assets other than inventory

    securities $332,636

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

    securities $317,682

  • 7c · Gain or loss

    securities $14,954

  • 7d · Net gain or loss

    total $14,954 · excluded $14,954

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $2,537 · excluded $2,537

  • 11e · Other revenue, total

    $2,537

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $272,552 · program services $258,925 · management and general $13,627

  • 7 · Other salaries and wages

    total $687,886 · program services $685,859 · management and general $822 · fundraising $1,205

  • 8 · Pension plan contributions

    total $94,723 · program services $94,129 · management and general $448 · fundraising $146

  • 10 · Payroll taxes

    total $76,972 · program services $75,779 · management and general $1,094 · fundraising $99

  • 11b · Fees: legal

    total $6,880 · program services $6,632 · management and general $248

  • 11c · Fees: accounting

    total $106,966 · program services $105,667 · management and general $1,170 · fundraising $129

  • 11g · Fees: other

    total $16,926 · program services $3,763 · management and general $13,163

  • 12 · Advertising and promotion

    total $3,351 · program services $1,778 · management and general $1,573

  • 13 · Office expenses

    total $45,813 · program services $26,652 · management and general $17,419 · fundraising $1,742

  • 14 · Information technology

    total $42,725 · program services $27,720 · management and general $15,005

  • 16 · Occupancy

    total $135,396 · program services $119,512 · management and general $15,884

  • 17 · Travel

    total $17,007 · program services $14,692 · management and general $2,315

  • 20 · Interest

    total $468 · program services $468

  • 22 · Depreciation, depletion and amortization

    total $116,600 · program services $103,991 · management and general $12,609

  • 23 · Insurance

    total $64,039 · program services $63,444 · management and general $545 · fundraising $50

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $94,728 · program services $94,365 · management and general $363

  • 24b · Other expenses: GRANTS PAID TO WHOLLY-O

    total $35,962 · program services $35,962

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $9,812 · program services $8,875 · management and general $937

  • 24d · Other expenses: TOOLS AND SUPPLIES

    total $8,977 · program services $8,704 · management and general $273

  • 24e · All other expenses

    total $4,599 · program services $3,874 · management and general $525 · fundraising $200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $183,781 · end of year $169,929

  • 2 · Savings and temporary cash investments

    beginning of year $245,984 · end of year $175,475

  • 4 · Accounts receivable

    beginning of year $36,993 · end of year $338,224

  • 7 · Other notes and loans receivable

    beginning of year $584,595 · end of year $584,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,210 · end of year $17,216

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

    $4,242,659

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

    $3,384,807

  • 10c · Land, buildings and equipment, net

    beginning of year $844,458 · end of year $857,852

  • 11 · Investments: publicly traded securities

    beginning of year $739,294 · end of year $561,149

  • 14 · Intangible assets

    beginning of year $1,028 · end of year $982

  • 15 · Other assets

    beginning of year $159,711 · end of year $240,733

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,793 · end of year $136,580

  • 19 · Deferred revenue

    beginning of year $7,583 · end of year $2,159

  • 23 · Secured mortgages and notes payable

    beginning of year $2,768,065 · end of year $2,675,078

  • 25 · Other liabilities

    beginning of year $214,773 · end of year $184,177

  • 27 · Net assets without donor restrictions

    beginning of year -$221,160 · end of year -$51,839

Mission and programs · 2022

Mission

TO STRENGTHEN COMMUNITIES BY PROVIDING AFFORDABLE HOUSING OPPORTUNITIES AND SUPPORTIVE SERVICES TO IMPROVE THE QUALITY OF LIFE AND ECONOMIC STABILITY FOR SENIORS, WORKING FAMILIES, AND INDIVIDUALS.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME TO MODERATE INCOME FAMILIES.

  • IHA HAS COMPLETED OVER 1,300 HOUSING UNITS AND HAS ALSO ASSISTED OTHER COMMUNITY ORGANIZATIONS IN ADDRESSING HOUSING ISSUES FOR SPECIAL NEEDS POPULATIONS. IHA'S BASIC STRATEGY HAS BEEN TO DEVELOP PROJECTS IN COLLABORATION WITH LOCAL GOVERNMENTS, SOCIAL SERVICE AGENCIES, AND THE BUSINESS AND FAITH COMMUNITIES. BECAUSE OF THESE RELATIONSHIPS, IHA HAS DEVELOPED A SUCCESSFUL MODEL FOR COMMUNITY DEVELOPMENT BY SERVING AS A CATALYST IN ASSEMBLING LAND, FINANCIAL AND TECHNICAL RESOURCES. THE HOUSING DEVELOPED BY THE ORGANIZATION HAS CLEAR ECONOMIC DEVELOPMENT BENEFITS THROUGH THE CREATION OF JOBS FOR ITS PROJECTS, AND BY SUPPORTING PROGRAM PARTICIPANTS TO BECOME ACTIVE CONTRIBUTORS TO THE COMMUNITIES IN WHICH THEY RESIDE. IHA PROVIDES ACCESS TO FINANCIAL WELL-BEING AND HOUSING STABILITY PROGRAMS THAT ASSIST HOMEBUYERS WITH EACH STEP IN THE BUYING PROCESS AND PROVIDES SUPPORTIVE SERVICES FOR RESIDENTS IN MANAGED AFFORDABLE HOUSING COMMUNITIES TO INCREASE THEIR ACCESS TO PHYSICAL, SOCIAL, MENTAL AND FINANCIAL WELL-BEING.

    Expenses $1,740,791 · Revenue $1,642,840

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

Listed in Part VII

  • Kimberly Ashkenazi

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Patricia Galloway

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Chris Hesen

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • James Gorman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wakeena Jackson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Eric Soter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jodie Ostoich

    PRESIDENT/CEO

    Total calculated
    $145,754
    From this org
    $132,532
    From related orgs
    $0
    Other
    $13,222
    Hours/week
    40

  • Anna Rini

    DIRECTOR OF FINANCE

    Total calculated
    $50,691
    From this org
    $47,444
    From related orgs
    $0
    Other
    $3,247
    Hours/week
    40

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.

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.

  • INTERFAITH WASHINGTON RIDGE LLC

    LOW INCOME HOUSING · MD · income -$697 · assets $31,480

    Directly controlled by INTERFAITH HOUSING ALLIANCE INC

  • INTERFAITH TOWNHOMES LLC

    LOW INCOME HOUSING · MD · income $0 · assets $0

    Directly controlled by INTERFAITH HOUSING ALLIANCE INC

  • INTERFAITH BROADWAY APARTMENTS LLC

    LOW INCOME HOUSING · MD · income $550 · assets $4,703

    Directly controlled by INTERFAITH HOUSING ALLIANCE INC

  • BROADWAY APARTMENTS LP

    LOW INCOME HOUSING · MD · income $54,475 · assets $465,609

    Directly controlled by INTERFAITH HOUSING ALLIANCE INC

  • WASHINGTON RIDGE LP

    LOW INCOME HOUSING · MD · income -$13,252 · assets $598,117

    Directly controlled by INTERFAITH HOUSING ALLIANCE INC

Related partnerships

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

  • OAKWOOD FAMILY HOMES LP

    RELATED · LOW INCOME HOUSING · MD · 0.01% owned · share of income -$22 · share of assets $582 · general or managing partner

  • CHAMBERSBURG SENIOR HOUSING LP

    RELATED · LOW INCOME HOUSING · MD · 0.01% owned · share of income -$7 · share of assets $152 · general or managing partner

  • CUMBERLAND FAMILY HOMES II LP

    RELATED · LOW INCOME HOUSING · MD · 0.01% owned · share of income -$31 · share of assets $573 · general or managing partner

  • 520 NORTH MARKET APARTMENTS LLC

    RELATED · LOW INCOME HOUSING · MD · 0.01% owned · share of income -$30 · share of assets $938 · general or managing partner

  • WASHINGTON SQUARE TOWN HOMES LP

    RELATED · LOW INCOME HOUSING · MD · 0.01% owned · share of income -$17 · share of assets $502 · general or managing partner

  • SINCLAIR WAY ASSOCIATES LLC

    RELATED · LOW INCOME HOUSING · MD · 0.01% owned · share of income -$8 · share of assets $231 · general or managing partner

Related corporations and trusts

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

  • ROBINWOOD INTERFAITH INC

    C · REAL ESTATE · MD · 100% owned · share of income -$15 · share of assets $66

    Directly controlled by INTERFAITH HOUSING

  • HAMPSTEAD VILLAGE INTERFAITH INC

    C · REAL ESTATE · MD · 100% owned · share of income -$19 · share of assets $132,724

    Directly controlled by INTERFAITH HOUSING

  • OAKWOOD FAMILY HOMES GP CORP

    C · REAL ESTATE · MD · 100% owned · share of income $70 · share of assets $654,235

    Directly controlled by INTERFAITH HOUSING

  • CUMBERLAND FAMILY HOMES II GP CORP

    C · REAL ESTATE · MD · 100% owned · share of income -$31 · share of assets $158

    Directly controlled by INTERFAITH HOUSING

  • CHAMBERSBURG SENIOR HOUSING GP CORP

    C · REAL ESTATE · MD · 100% owned · share of income -$7 · share of assets $61,916

    Directly controlled by INTERFAITH HOUSING

  • 520 NORTH MARKET APARTMENTS GP CORP

    C · REAL ESTATE · MD · 100% owned · share of income -$30 · share of assets $7,835

    Directly controlled by INTERFAITH HOUSING

  • WASHINGTON SQUARE TOWN HOMES GP CORP

    C · REAL ESTATE · MD · 100% owned · share of income -$17 · share of assets $494,410

    Directly controlled by INTERFAITH HOUSING

  • INTERFAITH SINCLAIR WAY GP LLC

    C · REAL ESTATE · MD · 100% owned · share of income -$8 · share of assets $131,964

    Directly controlled by INTERFAITH HOUSING

  • IHA WT LLC

    C · REAL ESTATE · MD · 100% owned · share of income -$28 · share of assets $334,997

    Directly controlled by INTERFAITH HOUSING

Provenance

Return type
form_990
Tax year
2022
Filed
5 February 2024
IRS schema version
2022v5.0
Source object
202420369349300717

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