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← HOME SOLUTIONS OF DAVIDSON COUNTY NC INC

Form 990 for tax year 2023

Filed by HOME SOLUTIONS OF DAVIDSON COUNTY NC INC.

Totals

Total revenue
$443,797
Total expenses
$447,711
Contributions and grants received
$323,917
Grants paid
$0
Program service revenue
$61,660
Investment income
-$883
Other revenue
$59,103
Total assets, end of year
$882,976
Total liabilities, end of year
$58,667
Net assets or fund balances, end of year
$824,309
Program services expenses (Part IX)
$336,455
Management and general expenses
$90,882
Fundraising expenses
$20,374
Program service expenses (Part III)
$336,455

Program services were 75.2% 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)

    $237,966

  • 1f · All other contributions, gifts and grants

    $85,951

  • 1g · Noncash contributions included above

    $7,500

  • 2a · Program service revenue: Fees for services rend

    total $61,660 · related or exempt $61,660

  • 3 · Investment income

    total $370 · excluded $370

  • 7a · Gross sales of assets other than inventory

    other assets $1,500

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

    other assets $2,753

  • 7c · Gain or loss

    other assets -$1,253

  • 7d · Net gain or loss

    total -$1,253 · related or exempt -$1,253

  • 8a · Fundraising events: gross income

    $77,131

  • 8b · Fundraising events: direct expenses

    $19,342

  • 8c · Net income from fundraising events

    total $57,789 · excluded $57,789

  • 11a · Other revenue: Other Income

    total $1,314 · unrelated business $1,314

  • 11e · Other revenue, total

    $1,314

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $52,865 · program services $10,573 · management and general $31,719 · fundraising $10,573

  • 7 · Other salaries and wages

    total $135,944 · program services $100,824 · management and general $30,588 · fundraising $4,532

  • 8 · Pension plan contributions

    total $4,664 · program services $2,752 · management and general $1,539 · fundraising $373

  • 9 · Other employee benefits

    total $18,000 · program services $10,620 · management and general $5,940 · fundraising $1,440

  • 10 · Payroll taxes

    total $14,542 · program services $8,580 · management and general $4,799 · fundraising $1,163

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 12 · Advertising and promotion

    total $578 · management and general $578

  • 13 · Office expenses

    total $11,379 · program services $8,534 · management and general $2,276 · fundraising $569

  • 16 · Occupancy

    total $22,248 · program services $16,686 · management and general $4,450 · fundraising $1,112

  • 19 · Conferences, conventions and meetings

    total $2,823 · program services $2,823

  • 22 · Depreciation, depletion and amortization

    total $5,315 · program services $4,770 · management and general $545

  • 23 · Insurance

    total $5,991 · program services $4,493 · management and general $1,198 · fundraising $300

  • 24a · Other expenses: Repairs and maintenance

    total $143,299 · program services $143,299

  • 24b · Other expenses: Economic literacy mater

    total $9,395 · program services $9,395

  • 24c · Other expenses: Telephone

    total $5,604 · program services $4,203 · management and general $1,121 · fundraising $280

  • 24d · Other expenses: Dues and subscriptions

    total $2,678 · program services $2,678

  • 24e · All other expenses

    total $6,386 · program services $6,225 · management and general $129 · fundraising $32

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $177,698 · end of year $179,009

  • 3 · Pledges and grants receivable

    beginning of year $100,193 · end of year $103,838

  • 4 · Accounts receivable

    beginning of year $1,021

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

    $155,157

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

    $20,308

  • 10c · Land, buildings and equipment, net

    beginning of year $140,164 · end of year $134,849

  • 12 · Investments: other securities

    beginning of year $989 · end of year $2,303

  • 15 · Other assets

    beginning of year $473,506 · end of year $462,977

  • 25 · Other liabilities

    beginning of year $65,348 · end of year $58,667

  • 27 · Net assets without donor restrictions

    beginning of year $709,532 · end of year $696,029

  • 28 · Net assets with donor restrictions

    beginning of year $118,691 · end of year $128,280

Mission and programs · 2023

Mission

HSDCNC's mission is to educate, empower, and affirm individuals and families to achieve homeownership, develop new affordable housing, and improve existing housing in the Lexington area.

  • HSDCNC's mission is to educate, empower, and affirm individuals and families to achieve homeownership, develop new affordable housing, and improve existing housing in the Lexington area.

    Expenses $336,455 · Revenue $60,407

As filed on the 2023 return.

Listed in Part VII

  • Sid Biesecker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Beth Hibbitts

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Atalia I Cardenas

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Sandy Walker

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Al Armstrong

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lori Clement

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • June Rebecca Britt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Melissa Lowman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Garrett Holloway

    Director

    Total calculated
    $0
    Hours/week
    1

  • Patti Hartzog

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Kuppel

    Director

    Total calculated
    $0
    Hours/week
    1

  • TJ Norris

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Walser

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeannette Shepherd

    Director

    Total calculated
    $0
    Hours/week
    1

  • April Crowson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Toby Prince

    Executive Director

    Total calculated
    $54,425
    From this org
    $0
    From related orgs
    $52,865
    Other
    $1,560
    Hours/week
    40

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
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202540179349300029

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