Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $238,264

• 1e · Government grants (contributions)

  $143,172

• 1f · All other contributions, gifts and grants

  $7,486,554

• 1g · Noncash contributions included above

  $28,437

• 2a · Program service revenue: RESIDENTIAL, TRANING, VOC FEES

  total $32,505,603 · related or exempt $32,505,603

• 2b · Program service revenue: HUD & TENANT RENTAL PAYMENTS

  total $309,475 · related or exempt $309,475

• 2c · Program service revenue: MISCELLANEOUS REIMBURSEMENTS

  total $55,607 · related or exempt $55,607

• 3 · Investment income

  total $473,843 · excluded $473,843

• 7a · Gross sales of assets other than inventory

  securities $2,419,235

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

  securities $2,217,605 · other assets $2,771

• 7c · Gain or loss

  securities $201,630 · other assets -$2,771

• 7d · Net gain or loss

  total $198,859 · excluded $198,859

• 8a · Fundraising events: gross income

  $15,222

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

  $238,264

• 8b · Fundraising events: direct expenses

  $65,626

• 8c · Net income from fundraising events

  total -$50,404 · excluded -$50,404

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $530,530 · management and general $451,487 · fundraising $79,043

• 7 · Other salaries and wages

  total $21,402,112 · program services $19,508,772 · management and general $1,690,825 · fundraising $202,515

• 8 · Pension plan contributions

  total $154,850 · program services $121,619 · management and general $29,375 · fundraising $3,856

• 9 · Other employee benefits

  total $2,190,133 · program services $1,938,649 · management and general $220,866 · fundraising $30,618

• 10 · Payroll taxes

  total $1,595,455 · program services $1,425,285 · management and general $150,121 · fundraising $20,049

• 11a · Fees: management

  total $123,220 · program services $123,220

• 11b · Fees: legal

  total $16,946 · program services $13,013 · management and general $3,933

• 11c · Fees: accounting

  total $38,954 · program services $6,317 · management and general $32,637

• 11f · Fees: investment management

  total $66,164 · management and general $66,164

• 11g · Fees: other

  total $372,363 · program services $190,718 · management and general $180,288 · fundraising $1,357

• 12 · Advertising and promotion

  total $53,877 · program services $26,719 · management and general $10,459 · fundraising $16,699

• 13 · Office expenses

  total $145,616 · program services $20,389 · management and general $69,495 · fundraising $55,732

• 16 · Occupancy

  total $855,062 · program services $679,907 · management and general $150,399 · fundraising $24,756

• 17 · Travel

  total $82,641 · program services $45,730 · management and general $36,185 · fundraising $726

• 20 · Interest

  total $36,544 · program services $36,544

• 22 · Depreciation, depletion and amortization

  total $1,050,063 · program services $856,436 · management and general $192,249 · fundraising $1,378

• 23 · Insurance

  total $919,907 · program services $876,288 · management and general $41,476 · fundraising $2,143

• 24a · Other expenses: FOOD AND CLOTHING

  total $802,620 · program services $797,513 · management and general $3,782 · fundraising $1,325

• 24b · Other expenses: MEMBERSHIP FEES/SUBSCRI

  total $579,448 · program services $214,899 · management and general $354,044 · fundraising $10,505

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $419,685 · program services $348,452 · management and general $71,233

• 24d · Other expenses: TRANSPORTATION AND VEHI

  total $321,603 · program services $238,628 · management and general $82,975

• 24e · All other expenses

  total $679,373 · program services $579,098 · management and general $93,850 · fundraising $6,425

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,165,644 · end of year $3,349,948

• 2 · Savings and temporary cash investments

  beginning of year $4,812,736 · end of year $5,251,842

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $221,379

• 4 · Accounts receivable

  beginning of year $2,715,554 · end of year $3,468,295

• 9 · Prepaid expenses and deferred charges

  beginning of year $405,331 · end of year $375,454

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

  $34,299,734

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

  $14,088,878

• 10c · Land, buildings and equipment, net

  beginning of year $13,689,029 · end of year $20,210,856

• 11 · Investments: publicly traded securities

  beginning of year $9,332,168 · end of year $8,503,283

• 15 · Other assets

  beginning of year $225,324 · end of year $2,561,627

• 17 · Accounts payable and accrued expenses

  beginning of year $3,991,205 · end of year $3,429,148

• 19 · Deferred revenue

  beginning of year $9,864 · end of year $22,007

• 23 · Secured mortgages and notes payable

  beginning of year $951,717 · end of year $870,391

• 25 · Other liabilities

  beginning of year $219,169 · end of year $208,363

• 27 · Net assets without donor restrictions

  beginning of year $25,682,405 · end of year $36,732,811

• 28 · Net assets with donor restrictions

  beginning of year $1,491,426 · end of year $2,679,964

The filer's explanations (Part III)

PART I, LINE 3

AN EXTERNAL CONSULTANT WAS HIRED TO DO A COMPENSATION STUDY. THE BOARD OF DIRECTORS VOTED FOR APPROVAL OF COMPENSATION.