Totals
- Total revenue
- $1,707,681
- Total expenses
- $1,417,253
- Contributions and grants received
- $1,268,064
- Grants paid
- $0
- Program service revenue
- $437,155
- Investment income
- $2,462
- Other revenue
- $0
- Total assets, end of year
- $7,066,610
- Total liabilities, end of year
- $3,986,963
- Net assets or fund balances, end of year
- $3,079,647
- Program services expenses (Part IX)
- $1,196,543
- Management and general expenses
- $172,121
- Fundraising expenses
- $48,589
- Program service expenses (Part III)
- $1,196,543
Program services were 84.4% 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.
-
1f · All other contributions, gifts and grants
$1,268,064
-
2a · Program service revenue: DOWNPAYMENT ASSISTANCE PROG
total $353,350 · related or exempt $353,350
-
2b · Program service revenue: HOMEBUYER PROGRAM
total $83,805 · related or exempt $83,805
-
3 · Investment income
total $2,462 · related or exempt $2,462
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $878,911 · program services $862,111 · management and general $16,800
-
11b · Fees: legal
total $5,870 · program services $4,109 · management and general $1,761
-
11g · Fees: other
total $18,735 · program services $18,735
-
12 · Advertising and promotion
total $48,589 · fundraising $48,589
-
13 · Office expenses
total $28,943 · program services $8,141 · management and general $20,802
-
14 · Information technology
total $5,928 · management and general $5,928
-
16 · Occupancy
total $207,689 · program services $124,613 · management and general $83,076
-
17 · Travel
total $18,541 · program services $11,125 · management and general $7,416
-
20 · Interest
total $72,974 · program services $51,082 · management and general $21,892
-
23 · Insurance
total $14,446 · management and general $14,446
-
24a · Other expenses: PROGRAM DONATIONS
total $80,228 · program services $80,228
-
24b · Other expenses: RENTAL PROPERTIES
total $18,656 · program services $18,656
-
24c · Other expenses: DETROIT OFFICE
total $9,916 · program services $9,916
-
24d · Other expenses: FURNITURE
total $7,680 · program services $7,680
-
24e · All other expenses
total $147 · program services $147
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $134,907 · end of year $162,318
-
4 · Accounts receivable
beginning of year $1,000
-
7 · Other notes and loans receivable
beginning of year $956,530 · end of year $5,968,248
-
9 · Prepaid expenses and deferred charges
end of year $31,554
-
10a · Land, buildings and equipment: cost or other basis
$1,111,704
-
10b · Land, buildings and equipment: accumulated depreciation
$207,214
-
10c · Land, buildings and equipment, net
beginning of year $771,411 · end of year $904,490
-
17 · Accounts payable and accrued expenses
beginning of year $16,853 · end of year $4,733
-
24 · Unsecured notes and loans payable
beginning of year $995,776 · end of year $3,982,230
-
27 · Net assets without donor restrictions
beginning of year $851,219 · end of year $3,079,647
Mission and programs · 2022
Mission
THE ORGANIZATION MISSION IS TO PROVIDE FAMILIES THE INFORMATION AND TOOLS FOR FIRST TIME HOME OWNERSHIP.
-
DOWNPAYMENT ASSISTANCE PROGRAM THROUGH WAYNE COUNTY
Expenses $93,389 · Revenue $353,350
-
HOMEBUYING SEMINARS AND COUNSELING PROGRAM.
Expenses $1,103,154 · Revenue $1,351,869
As filed on the 2022 return.
Listed in Part VII
-
Thaddina HarisTHADDINA HARIS
EXECUTIVE DI
- Total calculated
- $0
- 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
- 2022
- Filed
- 5 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202410529349301026
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