Form 990 for tax year 2022
Filed by NORTHERN HOMES COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,069,277
- Total expenses
- $930,755
- Contributions and grants received
- $420,358
- Grants paid
- $0
- Program service revenue
- $602,811
- Investment income
- $46,108
- Other revenue
- $0
- Total assets, end of year
- $5,128,943
- Total liabilities, end of year
- $2,876,383
- Net assets or fund balances, end of year
- $2,252,560
- Program services expenses (Part IX)
- $692,959
- Management and general expenses
- $237,796
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $692,959
Program services were 74.5% 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)
$79,358
-
1f · All other contributions, gifts and grants
$341,000
-
2a · Program service revenue: RENTAL INCOME
total $316,636 · excluded $316,636
-
2b · Program service revenue: SITE MANAGEMENT FEES
total $184,843 · excluded $184,843
-
2c · Program service revenue: CONSTRUCTION INCOME / OTHER
total $96,322 · excluded $96,322
-
2d · Program service revenue: GROUND LEASE INCOME
total $5,010 · excluded $5,010
-
3 · Investment income
total $115 · related or exempt $115
-
7a · Gross sales of assets other than inventory
other assets $313,000
-
7b · Less cost or other basis and sales expenses
other assets $267,007
-
7c · Gain or loss
other assets $45,993
-
7d · Net gain or loss
total $45,993 · related or exempt $45,993
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $79,496 · program services $60,814 · management and general $18,682
-
7 · Other salaries and wages
total $310,688 · program services $226,291 · management and general $84,397
-
9 · Other employee benefits
total $73,158 · program services $58,692 · management and general $14,466
-
10 · Payroll taxes
total $31,237 · program services $25,415 · management and general $5,822
-
11g · Fees: other
total $37,231 · program services $4,310 · management and general $32,921
-
12 · Advertising and promotion
total $5,057 · program services $4,321 · management and general $736
-
13 · Office expenses
total $5,210 · program services $2,939 · management and general $2,271
-
16 · Occupancy
total $171,012 · program services $154,224 · management and general $16,788
-
17 · Travel
total $16,207 · program services $14,781 · management and general $1,426
-
19 · Conferences, conventions and meetings
total $7,285 · program services $6,359 · management and general $926
-
20 · Interest
total $47,901 · program services $2,962 · management and general $44,939
-
22 · Depreciation, depletion and amortization
total $112,174 · program services $112,174
-
24a · Other expenses: REHABILITATION COSTS
total $13,394 · program services $13,394
-
24b · Other expenses: DUES & MEMBERSHIPS
total $9,635 · program services $3,074 · management and general $6,561
-
24c · Other expenses: SUPPLIES
total $9,364 · program services $3,209 · management and general $6,155
-
24d · Other expenses: BAD DEBTS
total $1,706 · management and general $1,706
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,116 · end of year $924,423
-
3 · Pledges and grants receivable
end of year $11,617
-
4 · Accounts receivable
beginning of year $49,155 · end of year $23,979
-
7 · Other notes and loans receivable
beginning of year $22,892 · end of year $4,910
-
9 · Prepaid expenses and deferred charges
beginning of year $11,571 · end of year $756
-
10a · Land, buildings and equipment: cost or other basis
$4,312,236
-
10b · Land, buildings and equipment: accumulated depreciation
$529,947
-
10c · Land, buildings and equipment, net
beginning of year $3,888,463 · end of year $3,782,289
-
15 · Other assets
beginning of year $253,349 · end of year $380,969
-
17 · Accounts payable and accrued expenses
beginning of year $57,413 · end of year $66,306
-
19 · Deferred revenue
beginning of year $9,225 · end of year $4,139
-
23 · Secured mortgages and notes payable
beginning of year $2,125,921 · end of year $2,589,099
-
25 · Other liabilities
beginning of year $82,481 · end of year $216,839
-
27 · Net assets without donor restrictions
beginning of year $177,502 · end of year $443,575
-
28 · Net assets with donor restrictions
beginning of year $1,907,004 · end of year $1,808,985
Mission and programs · 2022
Mission
CREATE HOUSING FOR LOW INCOME INDIVIDUALS IN SIX COUNTY AREA.
-
DEVELOPMENT OF MULTI AND SINGLE FAMILY AFFORDABLE HOUSING OPPORTUNITIES.
Expenses $171,026
-
MANAGEMENT OF MULTI AND SINGLE FAMILY AFFORDABLE HOUSING PROJECTS.
Expenses $455,077
-
HOMEBUYER EDUCATION AND FINANCIAL COUNSELING.
Expenses $66,856
As filed on the 2022 return.
Listed in Part VII
-
Jane MacKenzieJANE MACKENZIE
EXECUTIVE DI
- Total calculated
- $78,704
- From this org
- $78,704
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sue ClearySUE CLEARY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon FenderSHANNON FENDER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Tom JohnsonTOM JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis KeiserDENNIS KEISER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mistelle LangenMISTELLE LANGEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill LorneBILL LORNE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mel MatchettMEL MATCHETT
VICE-PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
David WhiteDAVID WHITE
PRESIDENT
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 4 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333109349303468
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