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Nonprofiteer
← SOUTHERN INDIANA COMMUNITY HOUSING CORPORATION

Form 990 for tax year 2024

Filed by SOUTHERN INDIANA COMMUNITY HOUSING CORPORATION.

Totals

Total revenue
$934,751
Total expenses
$904,866
Contributions and grants received
$8,393
Grants paid
$0
Program service revenue
$914,509
Investment income
$11,849
Other revenue
$0
Total assets, end of year
$2,968,387
Total liabilities, end of year
$481,564
Net assets or fund balances, end of year
$2,486,823
Program services expenses (Part IX)
$769,003
Management and general expenses
$135,863
Fundraising expenses
$0
Program service expenses (Part III)
$769,003

Program services were 85.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $8,393

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Rental income

    total $904,229 · related or exempt $904,229 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Development of low income housing

    total $10,280 · related or exempt $10,280 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $11,849 · related or exempt $11,849 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $234,346 · program services $149,675 · management and general $84,671

  • 11b · Fees: legal

    total $1,809 · management and general $1,809

  • 11c · Fees: accounting

    total $22,528 · management and general $22,528

  • 11g · Fees: other

    total $164,796 · program services $164,796

  • 12 · Advertising and promotion

    total $4,585 · program services $4,585

  • 13 · Office expenses

    total $22,209 · program services $10,149 · management and general $12,060

  • 17 · Travel

    total $59 · program services $59

  • 22 · Depreciation, depletion and amortization

    total $94,664 · program services $94,664

  • 23 · Insurance

    total $89,193 · program services $74,398 · management and general $14,795

  • 24a · Other expenses: Utilities for rental units

    total $139,501 · program services $139,501 · management and general $0 · fundraising $0

  • 24b · Other expenses: Building maintenance materials

    total $10,881 · program services $10,881 · management and general $0 · fundraising $0

  • 24c · Other expenses: Protective services contract

    total $39,658 · program services $39,658 · management and general $0 · fundraising $0

  • 24d · Other expenses: Administrative and general expenses

    total $80,637 · program services $80,637 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,259 · end of year $122,679

  • 2 · Savings and temporary cash investments

    beginning of year $655,540 · end of year $767,866

  • 4 · Accounts receivable

    beginning of year $240,898 · end of year $511,365

  • 8 · Inventories for sale or use

    beginning of year $30,263 · end of year $36,290

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,570 · end of year $17,274

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

    $7,234,185

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

    $5,723,452

  • 10c · Land, buildings and equipment, net

    beginning of year $1,605,397 · end of year $1,510,733

  • 15 · Other assets

    beginning of year $2,985 · end of year $2,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $119,281 · end of year $165,174

  • 19 · Deferred revenue

    beginning of year $3,948 · end of year $3,722

  • 21 · Escrow or custodial account liability

    beginning of year $33,760 · end of year $33,511

  • 25 · Other liabilities

    beginning of year $2,985 · end of year $279,157

  • 27 · Net assets without donor restrictions

    beginning of year $1,820,599 · end of year $1,750,115

  • 28 · Net assets with donor restrictions

    beginning of year $636,339 · end of year $736,708

Mission and programs · 2024

Mission

To support and expand the works and activities of the New Albany Housing Authority within Floyd County and the Greater Southern Indiana community as a whole by contributing support through increasing the supply of affordable housing in Southern Indiana

Activities or mission (Part I)

To support and expand the works and activities of the New Albany Housing Authority within Floyd County and the Greater Southern Indiana community as a whole by contributing support through increasing the supply of affordable housing in Southern Indiana.

  • The Organization leases affordable housing to low-income tenants (101 units as of March 31, 2025). The Organization receives funding from a related organization to subsidize the units.

    Expenses $744,541 · Revenue $904,229

  • Development of low-income housing units.

    Expenses $24,462 · Revenue $10,280

As filed on the 2024 return.

Listed in Part VII

  • David C Duggins Jr

    Executive Director

    Total calculated
    $240,234
    From this org
    $0
    From related orgs
    $194,042
    Other
    $46,192
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,900 related
    Bonus
    $0 + $31,000 related
    Other
    $0 + $12,105 related
    Deferred
    $0 + $23,273 related
    Nontaxable benefits
    $0 + $22,919 related
    Filer's total
    $0 + $246,197 related

  • Mark Dohrman

    Secretary/Treasurer

    Total calculated
    $161,096
    From this org
    $0
    From related orgs
    $139,812
    Other
    $21,284
    Hours/week
    4 + 36 related

  • Tony Toran

    President

    Total calculated
    $127,422
    From this org
    $0
    From related orgs
    $107,058
    Other
    $20,364
    Hours/week
    2 + 38 related

  • Linda Crawford

    Vice President

    Total calculated
    $100,673
    From this org
    $0
    From related orgs
    $77,114
    Other
    $23,559
    Hours/week
    1 + 39 related

  • Jessica Bergman

    Director

    Total calculated
    $400
    From this org
    $0
    From related orgs
    $400
    Other
    $0
    Hours/week
    1

  • Connie Sipes

    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. 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

  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 5
The executive director receives bonus compensation based on developer fees received by the Organization.

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.

  • New Albany Housing Authority

    Affordable housing · IN

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.

  • Belleview GP LLC

    Development of affordable housing · IN · income $0 · assets $0

    Directly controlled by Southern Indiana Community Housing Corporation

  • Belleview of New Albany LLC

    Development of affordable housing · IN · income $0 · assets $0

    Directly controlled by Southern Indiana Community Housing Corporation

  • Riverside at Belleview LLC

    Development of affordable housing · IN · income $0 · assets $0

    Directly controlled by Southern Indiana Community Housing Corporation

  • Valley View at Belleview LLC

    Development of affordable housing · IN · income $0 · assets $0

    Directly controlled by Southern Indiana Community Housing Corporation

  • Cross Creek at Belleview LLC

    Development of affordable housing · IN · income $0 · assets $0

    Directly controlled by Southern Indiana Community Housing Corporation

  • Beechwood Court LLC

    Development of affordable housing · IN · income $0 · assets $0

    Directly controlled by Southern Indiana Community Development Corportion

  • Beechwood Court GP LLC

    Development of affordable housing · IN · income $0 · assets $0

    Directly controlled by Southern Indiana Community Housing Corporation

Related partnerships

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

  • Belleview of New Albany LLC

    Related · Lessor of residential buildings · IN · 0.01% owned · share of income -$157 · share of assets $3,303 · general or managing partner

    Directly controlled by Southern Indiana Community Housing Corporation

Provenance

Return type
form_990
Tax year
2024
Filed
27 January 2026
IRS schema version
2024v5.0
Source object
202630439349302053

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