Form 990 for tax year 2024

Filed by DOOR COUNTY HOUSING PARTNERSHIP INC.

Totals

Total revenue: $225,329
Total expenses: $226,230
Contributions and grants received: $219,886
Grants paid: $0
Program service revenue: $4,800
Investment income: $643
Other revenue: $0
Total assets, end of year: $324,474
Total liabilities, end of year: $4,700
Net assets or fund balances, end of year: $319,774
Program services expenses (Part IX): $221,087
Management and general expenses: $1,439
Fundraising expenses: $3,704
Program service expenses (Part III): $221,087

Program services were 97.7% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$219,886
1g · Noncash contributions included above

$22,246
2f · All other program service revenue

total $4,800 · related or exempt $4,800 · unrelated business $0 · excluded $0
3 · Investment income

total $643 · related or exempt $0 · unrelated business $0 · excluded $643
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $0 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $30,025 · program services $30,025 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $0 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $3,704 · program services $0 · management and general $0 · fundraising $3,704
13 · Office expenses

total $1,439 · program services $0 · management and general $1,439 · fundraising $0
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $301 · program services $301 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $561 · program services $561 · management and general $0 · fundraising $0
24a · Other expenses: Housing Subsidies - Constructed Homes

total $185,812 · program services $185,812 · management and general $0 · fundraising $0
24b · Other expenses: Housing Lot Maintenance

total $4,388 · program services $4,388 · management and general $0 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $155,578 · end of year $30,585
2 · Savings and temporary cash investments

beginning of year $0 · end of year $105,884
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$185,000
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $165,000 · end of year $185,000
11 · Investments: publicly traded securities

beginning of year $2,722 · end of year $3,005
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $0 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $2,625 · end of year $4,700
27 · Net assets without donor restrictions

beginning of year $320,675 · end of year $319,774
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

The Door County Housing Partnership is creating a stable supply of permanently affordable housing for year-round residents to maintain the character, vibrancy, and diversity of the Door County community. Door County has an affordable housing challenge. Our work helps bridge the gap between a market priced home and home ownership for working families as well as keep those homes permanently affordable.

Activities or mission (Part I)

Community Land Trust Accomplishments: For too many working residents of Door County, finding a home is a challenge. Traditionally a popular tourist destination and second-home market, Door County offers our working families what are sometimes unsurmountable obstacles to home ownership. Year-round residents have had to compete with second-home seekers for housing. Local businesses have struggled to find seasonal help due to a shortage of short-term rental options. In more recent years, increased job growth, increased tourism, and a population aging more quickly than the rest of the state have compounded the challenge. Our work helps bridge the gap between a market priced home and home ownership for working families. In 2024, we completed the construction and sale of two single family homes in Door County. Both homes were sold well below the average home price in Door County to help house a modest income family who works in Door County. With the land remaining in the trust we ensure that these two homes remain perpetually affordable for either these families or future buyers. Currently the trust holds 18 residential lots. Six of those lots have recently constructed homes occupied by full time Door County residents and twelve lots are unimproved and will be built on in the future.

Expenses $221,087 · Revenue $224,686

As filed on the 2024 return.

Listed in Part VII

Scott Bader

Board President

Total calculated

$0

Hours/week

10
Amy DeMain

Board Vice President

Total calculated

$0

Hours/week

10
Mike Fordney

Board Treasurer

Total calculated

$0

Hours/week

10
Sam Nelson

Board Secretary

Total calculated

$0

Hours/week

10
James Honig

Board Past President

Total calculated

$0

Hours/week

10
Mariah Goode

Board Member

Total calculated

$0

Hours/week

10
Sean Linnan

Board Member

Total calculated

$0

Hours/week

10
Marissa Downs

Board Member

Total calculated

$0

Hours/week

5
Megan Surfus

Board Member

Total calculated

$0

Hours/week

1
Dick Skare

Board Member

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: 2024
Filed: 9 May 2025
IRS schema version: 2024v5.0
Source object: 202541329349301724

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