Totals
- Total revenue
- $12,517,138
- Total expenses
- $36,887,222
- Contributions and grants received
- $251,041
- Grants paid
- $27,741,712
- Program service revenue
- $9,005,024
- Investment income
- $3,261,073
- Other revenue
- $0
- Total assets, end of year
- $24,613,395
- Total liabilities, end of year
- $902,135
- Net assets or fund balances, end of year
- $23,711,260
- Program services expenses (Part IX)
- $35,605,240
- Management and general expenses
- $1,281,982
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $35,605,240
Program services were 96.5% 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.
-
1d · Related organizations
$251,041
-
2a · Program service revenue: PROPERTY MANAGEMENT FEES
total $8,480,928 · related or exempt $8,480,928
-
2b · Program service revenue: RENTAL SPACE FOR NON PROFIT CHILD
total $447,254 · related or exempt $447,254
-
2c · Program service revenue: RESIDENT SERVICES AND ASSISTANCE
total $76,842 · related or exempt $76,842
-
3 · Investment income
total $1,360,978 · excluded $1,360,978
-
7a · Gross sales of assets other than inventory
securities $31,783,246
-
7b · Less cost or other basis and sales expenses
securities $29,883,151
-
7c · Gain or loss
securities $1,900,095
-
7d · Net gain or loss
total $1,900,095 · excluded $1,900,095
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $27,741,712 · program services $27,741,712
-
5 · Compensation of officers, directors and key employees
total $1,289,864 · program services $392,343 · management and general $897,521
-
7 · Other salaries and wages
total $7,003,191 · program services $7,003,191
-
9 · Other employee benefits
total $5,782 · program services $5,782
-
11b · Fees: legal
total $4,050 · management and general $4,050
-
11c · Fees: accounting
total $29,734 · management and general $29,734
-
11f · Fees: investment management
total $102,551 · management and general $102,551
-
13 · Office expenses
total $101,747 · management and general $101,747
-
14 · Information technology
total $14,232 · management and general $14,232
-
16 · Occupancy
total $71,058 · program services $71,058
-
17 · Travel
total $52,227 · program services $13,447 · management and general $38,780
-
22 · Depreciation, depletion and amortization
total $76,708 · program services $76,708
-
23 · Insurance
total $103,626 · program services $43,978 · management and general $59,648
-
24a · Other expenses: MISCELLANEOUS ADMINISTR
total $116,709 · program services $107,482 · management and general $9,227
-
24b · Other expenses: PROGRAM RELATED K-1 EXP
total $84,592 · program services $84,592
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $72,991 · program services $64,947 · management and general $8,044
-
24d · Other expenses: LICENSES AND PERMITS
total $6,550 · management and general $6,550
-
24e · All other expenses
total $9,898 · management and general $9,898
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $828,707 · end of year $1,216,301
-
4 · Accounts receivable
beginning of year $602,914 · end of year $627,537
-
7 · Other notes and loans receivable
beginning of year $605,097 · end of year $1,508,027
-
9 · Prepaid expenses and deferred charges
beginning of year $52,420 · end of year $62,497
-
10a · Land, buildings and equipment: cost or other basis
$2,954,966
-
10b · Land, buildings and equipment: accumulated depreciation
$1,289,866
-
10c · Land, buildings and equipment, net
beginning of year $1,617,771 · end of year $1,665,100
-
11 · Investments: publicly traded securities
beginning of year $44,374,623 · end of year $19,494,899
-
12 · Investments: other securities
end of year $1,885
-
13 · Investments: program-related
beginning of year $121,740 · end of year $37,149
-
17 · Accounts payable and accrued expenses
beginning of year $165,029 · end of year $491,133
-
19 · Deferred revenue
beginning of year $52,239 · end of year $28,519
-
25 · Other liabilities
beginning of year $507,483 · end of year $382,483
-
27 · Net assets without donor restrictions
beginning of year $47,478,521 · end of year $23,711,260
Mission and programs · 2024
Mission
MANAGEMENT & DEVELOPMENT OF LOW-INCOME HOUSING -- OFFICE SPACE FOR NON-PROFIT ORGANIZATIONS -- SOCIAL SERVICES IN MANAGED HOUSING.
-
HOUSING PROGRAMS MANAGEMENT AND DEVELOPMENT OF LOW INCOME SUPPORTIVE HOUSING.
Expenses $35,198,510 · Grants $27,741,712 · Revenue $8,480,928
-
MULTIPLE APARTMENT COMPLEXES PROVIDING HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES.
Expenses $84,592
-
OFFICE SPACE OFFERED TO NON PROFIT PROVIDERS.
Expenses $322,138 · Revenue $447,254
-
SUPPORTIVE HOUSING
Revenue $76,842
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard GeachRICHARD GEACH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael F LaportaMICHAEL F LAPORTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
John CorbettJOHN CORBETT
EXECUTIVE DIRECTOR/CEO
- Total calculated
- $717,364
- From this org
- $717,364
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $659,393
- Bonus
- $57,971
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $717,364
-
Hugh JacobsHUGH JACOBS
EVP/COO
- Total calculated
- $384,614
- From this org
- $347,113
- From related orgs
- $0
- Other
- $37,501
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $318,128
- Bonus
- $28,985
- Other
- $0
- Deferred
- $9,816
- Nontaxable benefits
- $27,685
- Filer's total
- $384,614
-
Jamie WilliamsonJAMIE WILLIAMSON
VICE PRESIDENT
- Total calculated
- $145,808
- From this org
- $137,064
- From related orgs
- $0
- Other
- $8,744
- Hours/week
- 40
-
Erol UgljaninEROL UGLJANIN
VICE PRESIDENT
- Total calculated
- $280,756
- From this org
- $248,474
- From related orgs
- $0
- Other
- $32,282
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,874
- Bonus
- $22,600
- Other
- $0
- Deferred
- $4,300
- Nontaxable benefits
- $27,982
- Filer's total
- $280,756
-
Darlesa Jones-BrownDARLESA JONES-BROWN
REGIONAL PROPERTY DIRECTOR
- Total calculated
- $126,167
- From this org
- $114,823
- From related orgs
- $0
- Other
- $11,344
- 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 2 · Substantiation required before reimbursing expenses
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
CORBETT COMMUNITY PARTNERSHIP FOUNDATION
$27,737,991
TO SUPPORT THE ORGANIZATION'S STATED GOALS
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NONPROFIT HOUSING PRESERVATION INC
501(C)(3) · AFFORDABLE HOUSING · GA
-
NONPROFIT HOUSING PRESERVATION SB INC
501(C)(3) · AFFORDABLE HOUSING · FL
-
CORBETT COMMUNITY PARTNERSHIP FOUNDATION
501(C)(3) · AFFORDABLE HOUSING · CT
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
NONPROFIT HOUSING PRESERVATION I LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
TPI COMMUNITIES LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
TPI COMMUNITIES I LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION LLC
AFFORDABLE HOUSING · FL · income $3,474,002 · assets $20,963,625
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION II LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
TPI COMMUNITIES II LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION IV LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION V LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION VII LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION VI LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION VIII LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION IX LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION X LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
GREENVILLE COMMONS LP
AFFORDABLE HOUSING · GA · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION XI LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION XII LLC
AFFORDABLE HOUSING · TN · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION XIII LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION XIV LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION XV LLC
AFFORDABLE HOUSING · FL · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
-
TPI MANAGEMENT SERVICES LLC
AFFORDABLE HOUSING · FL · income $7,633,835 · assets $865,574
Directly controlled by THE PARTNERSHIP INC
-
GREENVILLE COMMONS PARTNERS LLC
AFFORDABLE HOUSING · GA · income $0 · assets $0
Directly controlled by THE PARTNERSHIP INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
POPLAR POINT GRIFFIN LP
RELATED · LOW-INCOME HOUSING · GA · 99.99% owned
-
SEVEN COURTS PARTNERS LP
RELATED · LOW-INCOME HOUSING · GA · 0.01% owned · share of income -$162,160 · general or managing partner
-
TPI-NHPF SUNSET BAY DEVELOPER LLC
RELATED · AFFORDABLE HOUSING DEVELOPMENT · FL · 60% owned · general or managing partner
Directly controlled by THE PARTNERSHIP INC
-
NONPROFIT HOUSING PRESERVATION III LLC
RELATED · LOW-INCOME HOUSING · GA · 50% owned · share of income -$6 · share of assets $144 · general or managing partner
-
MAXWELL INVESTOR MEMBER LLC
RELATED · LOW-INCOME HOUSING · GA · 50% owned · share of income -$84,592 · share of assets $2,620,042 · general or managing partner
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
NEW SUNSET BAY MANAGER LLC
C · AFFORDABLE HOUSING · FL · 32.4% owned
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349327865
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