Totals
- Total revenue
- $2,544,768
- Total expenses
- $1,588,659
- Contributions and grants received
- $1,852,209
- Grants paid
- $0
- Program service revenue
- $685,022
- Investment income
- $17,395
- Other revenue
- -$9,858
- Total assets, end of year
- $9,333,044
- Total liabilities, end of year
- $1,264,631
- Net assets or fund balances, end of year
- $8,068,413
- Program services expenses (Part IX)
- $1,299,634
- Management and general expenses
- $179,783
- Fundraising expenses
- $109,242
- Program service expenses (Part III)
- $1,299,634
Program services were 81.8% 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.
-
1c · Fundraising events
$303,883
-
1f · All other contributions, gifts and grants
$1,548,326
-
2a · Program service revenue: Rental income
total $592,048 · related or exempt $592,048
-
2b · Program service revenue: Homeownership support
total $92,974 · related or exempt $92,974
-
3 · Investment income
total $17,395 · excluded $17,395
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$303,883
-
8b · Fundraising events: direct expenses
$10,942
-
8c · Net income from fundraising events
total -$10,942 · excluded -$10,942
-
11a · Other revenue: Other
total $1,084 · related or exempt $1,084
-
11e · Other revenue, total
$1,084
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $736,057 · program services $571,199 · management and general $102,547 · fundraising $62,311
-
9 · Other employee benefits
total $69,382 · program services $53,842 · management and general $9,666 · fundraising $5,874
-
10 · Payroll taxes
total $81,144 · program services $62,970 · management and general $11,305 · fundraising $6,869
-
11b · Fees: legal
total $15,270 · program services $12,112 · management and general $1,964 · fundraising $1,194
-
11c · Fees: accounting
total $20,548 · program services $15,946 · management and general $2,863 · fundraising $1,739
-
11g · Fees: other
total $15,019 · program services $13,569 · management and general $902 · fundraising $548
-
13 · Office expenses
total $70,985 · program services $55,086 · management and general $9,890 · fundraising $6,009
-
16 · Occupancy
total $49,096 · program services $38,100 · management and general $6,840 · fundraising $4,156
-
19 · Conferences, conventions and meetings
total $11,186 · program services $8,681 · management and general $1,558 · fundraising $947
-
20 · Interest
total $7,109 · program services $7,109
-
22 · Depreciation, depletion and amortization
total $184,646 · program services $143,290 · management and general $25,725 · fundraising $15,631
-
23 · Insurance
total $26,379 · program services $20,471 · management and general $3,675 · fundraising $2,233
-
24a · Other expenses: Condo services
total $101,048 · program services $101,048
-
24b · Other expenses: Repairs and maintenance
total $73,079 · program services $73,079
-
24c · Other expenses: Utilities
total $57,162 · program services $57,162
-
24d · Other expenses: Condo dues
total $39,548 · program services $39,548
-
24e · All other expenses
total $31,001 · program services $26,422 · management and general $2,848 · fundraising $1,731
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $354,433 · end of year $441,274
-
2 · Savings and temporary cash investments
beginning of year $1,583,982 · end of year $2,486,062
-
4 · Accounts receivable
beginning of year $34,695 · end of year $51,815
-
7 · Other notes and loans receivable
beginning of year $196,861 · end of year $173,054
-
9 · Prepaid expenses and deferred charges
beginning of year $21,642 · end of year $17,881
-
10a · Land, buildings and equipment: cost or other basis
$8,414,122
-
10b · Land, buildings and equipment: accumulated depreciation
$2,715,423
-
10c · Land, buildings and equipment, net
beginning of year $5,719,296 · end of year $5,698,699
-
15 · Other assets
beginning of year $225,911 · end of year $464,259
-
17 · Accounts payable and accrued expenses
beginning of year $40,615 · end of year $46,609
-
18 · Grants payable
beginning of year $0 · end of year $15,000
-
19 · Deferred revenue
beginning of year $0 · end of year $12,043
-
21 · Escrow or custodial account liability
beginning of year $165,042 · end of year $184,741
-
23 · Secured mortgages and notes payable
beginning of year $818,859 · end of year $727,075
-
25 · Other liabilities
beginning of year $0 · end of year $279,163
-
27 · Net assets without donor restrictions
beginning of year $6,194,227 · end of year $6,412,227
-
28 · Net assets with donor restrictions
beginning of year $918,077 · end of year $1,656,186
Mission and programs · 2022
Mission
The purpose of HRB is to preserve the diversity and vitality of Bainbridge Island by providing and maintaining affordable housing opportunities in the community. HRB envisions a diverse community where there are homes affordable to all. Working to accomplish this, HRB develops housing for and provides housing-related services for low-income and moderate-income families and individuals on Bainbridge Island.
-
Rental Housing - HRB owns and manages seven residential properties, and is the managing member of Winslow Terrace LLC, which owns one residential property, for a combined total of 90 rental units of affordable housing.
Expenses $909,744 · Revenue $553,132
-
Homeownership - Permanently affordable homeownership opportunities at HRB include 40 homes at Ferncliff Village, 1 condominium unit at Vineyard Lane, and 2 units at Sparrows Condominiums.
Expenses $259,927 · Revenue $92,974
-
Independent Living - HRB assists individuals with specialized needs to make necessary improvements to their homes so they may continue to live independently.
Expenses $77,978 · Revenue $40,000
-
Tenant & community resources for obtaining and providing affordable housing
Expenses $51,985
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Craig Clark
Director
- Total calculated
- $0
- Hours/week
- 2
-
Lauren Coates
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bruce Eremic
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Stephanie Farquhar
Past Chair
- Total calculated
- $0
- Hours/week
- 2
-
Tina Gilbert
Director
- Total calculated
- $0
- Hours/week
- 2
-
Asaph Glosser
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Margaret Celestino
Director
- Total calculated
- $0
- Hours/week
- 2
-
Norm Landry
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Mike Spence
Director
- Total calculated
- $0
- Hours/week
- 2
-
Leslie Amendt
Director
- Total calculated
- $0
- Hours/week
- 2
-
Savanna Rovelstad
Director
- Total calculated
- $0
- Hours/week
- 2
-
Tina Song
Director
- Total calculated
- $0
- Hours/week
- 2
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
- 24 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321149349301227
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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