Form 990 for tax year 2023

1f · All other contributions, gifts and grants

$696,653

1g · Noncash contributions included above

$160,000

2a · Program service revenue: HOME SALES

total $125,000 · related or exempt $125,000

2b · Program service revenue: MORTGAGE DISCOUNT AMOR

total $84,338 · related or exempt $84,338

3 · Investment income

total $30,983 · excluded $30,983

8a · Fundraising events: gross income

$26,459

8b · Fundraising events: direct expenses

$5,110

8c · Net income from fundraising events

total $21,349 · excluded $21,349

10a · Gross sales of inventory

$332,886

10b · Cost of goods sold

$199,621

10c · Net income from sales of inventory

total $133,265 · related or exempt $133,265

5 · Compensation of officers, directors and key employees

total $59,483 · program services $59,483

7 · Other salaries and wages

total $77,802 · program services $35,164 · management and general $17,419 · fundraising $25,219

9 · Other employee benefits

total $3,324 · program services $2,101 · management and general $544 · fundraising $679

10 · Payroll taxes

total $10,641 · program services $7,349 · management and general $1,387 · fundraising $1,905

11b · Fees: legal

total $450 · management and general $450

11c · Fees: accounting

total $11,907 · management and general $11,907

13 · Office expenses

total $22,224 · program services $16,556 · management and general $5,668

20 · Interest

total $3,084 · management and general $3,084

22 · Depreciation, depletion and amortization

total $6,339 · program services $1,841 · management and general $4,498

23 · Insurance

total $19,376 · program services $4,777 · management and general $14,599

24a · Other expenses: COST OF HOMES TRANSFERR

total $117,090 · program services $117,090

24b · Other expenses: DISCOUNT ON NEW MORTGAG

total $77,929 · program services $77,929

24c · Other expenses: IMPUTED INTEREST ON LOA

total $17,734 · program services $17,734

24d · Other expenses: UTILITIES

total $4,904 · management and general $4,904

1 · Cash, non-interest-bearing

beginning of year $116,606 · end of year $107,022

3 · Pledges and grants receivable

beginning of year $18,947 · end of year $18,482

7 · Other notes and loans receivable

beginning of year $614,268 · end of year $598,624

8 · Inventories for sale or use

beginning of year $4,467 · end of year $0

9 · Prepaid expenses and deferred charges

beginning of year $8,151 · end of year $5,983

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

$1,091,241

10b · Land, buildings and equipment: accumulated depreciation

$261,983

10c · Land, buildings and equipment, net

beginning of year $849,656 · end of year $829,258

11 · Investments: publicly traded securities

end of year $350,351

15 · Other assets

beginning of year $344,020 · end of year $654,015

17 · Accounts payable and accrued expenses

beginning of year $51,187 · end of year $36,256

23 · Secured mortgages and notes payable

beginning of year $539,429 · end of year $502,679

27 · Net assets without donor restrictions

beginning of year $1,365,499 · end of year $2,024,800

28 · Net assets with donor restrictions

beginning of year $0 · end of year $0