Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,015,026

• 1f · All other contributions, gifts and grants

  $2,421,044

• 2a · Program service revenue: INTERST ON LOANS RECEI

  total $582,380 · related or exempt $582,380

• 2b · Program service revenue: LENDING FEES

  total $357,588 · related or exempt $357,588

• 2c · Program service revenue: EDUCATION FEES

  total $354,473 · related or exempt $354,473

• 6a · Gross rents

  real property $95,971

• 6b · Less rental expenses

  real property $28,635

• 6c · Rental income or loss

  real property $67,336

• 6d · Net rental income or loss

  total $67,336 · excluded $67,336

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,327,811 · program services $1,129,967 · management and general $138,491 · fundraising $59,353

• 9 · Other employee benefits

  total $442,866 · program services $376,879 · management and general $46,191 · fundraising $19,796

• 11b · Fees: legal

  total $18,587 · program services $15,817 · management and general $1,939 · fundraising $831

• 11c · Fees: accounting

  total $35,790 · program services $30,457 · management and general $3,733 · fundraising $1,600

• 11g · Fees: other

  total $416,303 · program services $354,267 · management and general $43,426 · fundraising $18,610

• 12 · Advertising and promotion

  total $206,599 · program services $175,816 · management and general $21,548 · fundraising $9,235

• 13 · Office expenses

  total $107,357 · program services $91,361 · management and general $11,197 · fundraising $4,799

• 16 · Occupancy

  total $102,035 · program services $86,832 · management and general $10,642 · fundraising $4,561

• 17 · Travel

  total $29,388 · program services $25,009 · management and general $3,065 · fundraising $1,314

• 19 · Conferences, conventions and meetings

  total $16,624 · program services $14,147 · management and general $1,734 · fundraising $743

• 20 · Interest

  total $246,155 · program services $209,854 · management and general $25,411 · fundraising $10,890

• 22 · Depreciation, depletion and amortization

  total $111,826 · program services $94,751 · management and general $11,953 · fundraising $5,122

• 24a · Other expenses: NEIGHBORHOOD LIFT LOAN

  total $1,481,140 · program services $1,481,140

• 24b · Other expenses: PROGRAM EXPENSE

  total $348,189 · program services $348,189

• 24c · Other expenses: FUNDRAISING

  total $162,590 · program services $138,364 · management and general $16,958 · fundraising $7,268

• 24d · Other expenses: BAD DEBT EXPENSE

  total $136,668 · program services $136,668

• 24e · All other expenses

  total $207,557 · program services $168,960 · management and general $27,017 · fundraising $11,580

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $90,145 · end of year $2,217,211

• 3 · Pledges and grants receivable

  beginning of year $4,145,849 · end of year $3,012,892

• 4 · Accounts receivable

  beginning of year $390,128 · end of year $254,818

• 7 · Other notes and loans receivable

  beginning of year $24,891,485 · end of year $27,078,213

• 9 · Prepaid expenses and deferred charges

  beginning of year $33,004 · end of year $52,560

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

  $4,807,322

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

  $1,326,500

• 10c · Land, buildings and equipment, net

  beginning of year $3,578,835 · end of year $3,480,822

• 15 · Other assets

  beginning of year $3,403,806 · end of year $2,580,482

• 17 · Accounts payable and accrued expenses

  beginning of year $517,141 · end of year $324,357

• 19 · Deferred revenue

  end of year $462

• 21 · Escrow or custodial account liability

  beginning of year $39,530 · end of year $55,016

• 23 · Secured mortgages and notes payable

  beginning of year $2,135,745 · end of year $3,398,457

• 24 · Unsecured notes and loans payable

  beginning of year $3,867,835 · end of year $2,525,343

• 25 · Other liabilities

  beginning of year $250,000 · end of year $250,000

• 27 · Net assets without donor restrictions

  beginning of year $6,221,022 · end of year $6,725,334

• 28 · Net assets with donor restrictions

  beginning of year $23,501,979 · end of year $25,398,029

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS DETERMINED BY THE AFFILIATED ORGANIZATION, NHS, THROUGH THE USE OF DATA FROM COMPARABLE ORGANIZATIONS AND BOARD APPROVAL.