Totals
- Total revenue
- $330,499
- Total expenses
- $243,633
- Contributions and grants received
- $102,626
- Grants paid
- $0
- Program service revenue
- $221,002
- Investment income
- $112
- Other revenue
- $6,759
- Total assets, end of year
- $505,900
- Total liabilities, end of year
- $445,030
- Net assets or fund balances, end of year
- $60,870
- Program services expenses (Part IX)
- $194,452
- Management and general expenses
- $43,387
- Fundraising expenses
- $5,794
- Program service expenses (Part III)
- $194,452
Program services were 79.8% 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)
$85,439
-
1f · All other contributions, gifts and grants
$17,187
-
2a · Program service revenue: RENTAL INCOME
total $118,896 · related or exempt $118,896
-
2b · Program service revenue: DEBT FORGIVENESS INCOM
total $101,436 · related or exempt $101,436
-
2c · Program service revenue: TENANT CHARGES
total $670 · related or exempt $670
-
3 · Investment income
total $112 · excluded $112
-
8a · Fundraising events: gross income
$6,759
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $6,759 · excluded $6,759
Functional expenses
Part IX, the statement of functional expenses.
-
10 · Payroll taxes
total $1,103 · program services $552 · management and general $551
-
11a · Fees: management
total $10,754 · program services $7,768 · management and general $2,986
-
11b · Fees: legal
total $1,925 · program services $595 · management and general $1,330
-
11c · Fees: accounting
total $9,600 · program services $9,600
-
12 · Advertising and promotion
total $413 · program services $413
-
13 · Office expenses
total $31,678 · program services $30,695 · management and general $612 · fundraising $371
-
16 · Occupancy
total $31,500 · program services $31,500
-
20 · Interest
total $16,219 · program services $16,219
-
22 · Depreciation, depletion and amortization
total $7,097 · program services $7,097
-
23 · Insurance
total $13,168 · management and general $13,168
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $42,893 · program services $42,893
-
24b · Other expenses: UTILITIES
total $24,197 · program services $24,197
-
24c · Other expenses: RENT FREE UNIT - ADMINI
total $20,268 · program services $20,268
-
24d · Other expenses: UTILITIES
total $16,124 · management and general $16,124
-
24e · All other expenses
total $16,694 · program services $2,655 · management and general $8,616 · fundraising $5,423
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $26,725 · end of year $10,423
-
4 · Accounts receivable
end of year $46,338
-
10a · Land, buildings and equipment: cost or other basis
$390,311
-
10b · Land, buildings and equipment: accumulated depreciation
$7,097
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $383,214
-
15 · Other assets
beginning of year $0 · end of year $65,925
-
17 · Accounts payable and accrued expenses
beginning of year $105,081 · end of year $39,922
-
19 · Deferred revenue
end of year $5,597
-
23 · Secured mortgages and notes payable
end of year $393,931
-
24 · Unsecured notes and loans payable
beginning of year $1,924
-
25 · Other liabilities
beginning of year $0 · end of year $5,580
-
27 · Net assets without donor restrictions
beginning of year -$80,280 · end of year $60,870
Mission and programs · 2022
Mission
NONE
Activities or mission (Part I)
FIG SOLUTIONS IS DEDICATED TO PROVIDING HOUSING AND CONSTRUCTION SOLUTIONS THAT PROVIDE RELIEF FOR THE POOR, DISTRESSED AND UNDERPRIVILEDGED IN ORDER TO COMBAT COMMUNITY DETERIORATION. WE ALSO WORK WITH NEIGHBORHOODS, ORGANIZATIONS, AND GOVERNMENTS TO PROVIDE HUMANITARIAN ASSISTANCE FOR DISASTER RELIEF.
-
ASSISTING INDIVIDUALS TO OBTAIN A SAFE AND AFFORDABLE HOUSING OPTIONS
Expenses $194,452 · Revenue $221,002
As filed on the 2022 return.
Listed in Part VII
-
Katie LinkousKATIE LINKOUS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Clay LinkousCLAY LINKOUS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Derring DarlingDERRING DARLING
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Eric SeayERIC SEAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Lisa ColeLISA COLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jennifer BroylesJENNIFER BROYLES
TREASURER
- Total calculated
- $0
- Hours/week
- 5
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
- 22 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421169349301427
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