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Nonprofiteer
← THE SAFE ALLIANCE AFFORDABLE HOUSING CORPORATION

Form 990 for tax year 2023

Filed by THE SAFE ALLIANCE AFFORDABLE HOUSING CORPORATION.

Totals

Total revenue
$2,273,005
Total expenses
$2,403,846
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,216,040
Investment income
$56,965
Other revenue
$0
Total assets, end of year
$18,306,468
Total liabilities, end of year
$14,159,730
Net assets or fund balances, end of year
$4,146,738
Program services expenses (Part IX)
$2,383,833
Management and general expenses
$20,013
Fundraising expenses
$0
Program service expenses (Part III)
$2,383,833

Program services were 99.2% 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: RENTAL INCOME

    total $2,166,307 · related or exempt $2,166,307

  • 2b · Program service revenue: OTHER INCOME

    total $49,733 · related or exempt $49,733

  • 3 · Investment income

    total $56,965 · related or exempt $56,965

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $369,890 · program services $369,890

  • 11a · Fees: management

    total $76,916 · program services $76,916

  • 11b · Fees: legal

    total $49,170 · program services $49,170

  • 12 · Advertising and promotion

    total $9,914 · program services $9,914

  • 20 · Interest

    total $665,911 · program services $665,911

  • 22 · Depreciation, depletion and amortization

    total $524,909 · program services $524,909

  • 23 · Insurance

    total $150,899 · program services $150,899

  • 24a · Other expenses: GENERAL & ADMIN

    total $193,095 · program services $173,082 · management and general $20,013

  • 24b · Other expenses: UTILITIES

    total $186,453 · program services $186,453

  • 24c · Other expenses: REPAIRS

    total $148,174 · program services $148,174

  • 24d · Other expenses: BAD DEBT

    total $27,633 · program services $27,633

  • 24e · All other expenses

    total $882 · program services $882

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,774,852 · end of year $5,053,460

  • 4 · Accounts receivable

    beginning of year $11,814 · end of year $3,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,674 · end of year $38,541

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

    $17,813,008

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

    $6,752,568

  • 10c · Land, buildings and equipment, net

    beginning of year $8,481,102 · end of year $11,060,440

  • 14 · Intangible assets

    beginning of year $261,511 · end of year $253,960

  • 15 · Other assets

    beginning of year $418,464 · end of year $1,896,947

  • 17 · Accounts payable and accrued expenses

    beginning of year $131,784 · end of year $109,143

  • 23 · Secured mortgages and notes payable

    beginning of year $11,293,000 · end of year $14,009,914

  • 25 · Other liabilities

    beginning of year $75,445 · end of year $40,673

  • 27 · Net assets without donor restrictions

    beginning of year $3,502,188 · end of year $3,146,738

  • 28 · Net assets with donor restrictions

    beginning of year $1,000,000 · end of year $1,000,000

Mission and programs · 2023

Mission

PROVIDING AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PEOPLE IN TRAVIS COUNTY, TEXAS

  • ENHANCING THE CREATION OF NEW HOUSING AND THE REHABILITATION OF EXISTING HOUSING IN NEIGHBORHOODS LOCATED IN TRAVIS COUNTY, WITH SPECIAL EMPHASIS PLACED ON CREATING RENTAL HOUSING FOR LOW-INCOME AND MODERATE-INCOME FAMILIES, PROMOTING AND CREATING PROGRAMS TOENCOURAGE HEALTH AND SOCIAL SERVICES IN LOW-INCOME AND MODERATE-INCOME NEIGHBORHOODS, PROVIDING HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME CLIENTS OF THE SAFE ALLIANCE AND CREATING A SAFE, STABLE ENVIRONMENT FOR FAMILIES TO REBUILD THEIR LIVES.

    Expenses $2,383,833 · Revenue $2,273,005

As filed on the 2023 return.

Listed in Part VII

  • Karen Bartoletti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trey Hancock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julia Spann

    SECRETARY/EXECUTIVE DIRECT

    Total calculated
    $0
    Hours/week
    2

  • Karl Nichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Veronica Vega-Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Simons

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomasina Tijerina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Krista Del Gallo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Antonio Garza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

  • GROVE PLACE PARTNERS LIMITED LLC

    APARTMENT RENTALS · TX

    Directly controlled by GROVE PLACE PARTNERS GP INC

  • GROVE PLACE PARTNERS LTD

    APARTMENT RENTALS · TX · income -$181,214 · assets $10,485,743

    Directly controlled by GROVE PLACE PARTNERS GP INC

  • SAFE LANCASTER COURT LLC

    APARTMENT RENTALS · TX · income $9,213 · assets $3,715,242

    Directly controlled by GROVE PLACE PARTNERS GP INC

Provenance

Return type
form_990
Tax year
2023
Filed
30 January 2025
IRS schema version
2023v6.0
Source object
202520429349301522

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