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← ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION.

Totals

Total revenue
$32,323,067
Total expenses
$5,520,325
Contributions and grants received
$26,704,254
Grants paid
$0
Program service revenue
$4,431,847
Investment income
$1,186,966
Other revenue
$0
Total assets, end of year
$281,674,353
Total liabilities, end of year
$416,061
Net assets or fund balances, end of year
$281,258,292
Program services expenses (Part IX)
$5,203,322
Management and general expenses
$317,003
Fundraising expenses
$0
Program service expenses (Part III)
$5,203,322

Program services were 94.3% 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

    $26,500,000

  • 1e · Government grants (contributions)

    $204,254

  • 2a · Program service revenue: SOFT INTEREST ACCRUAL

    total $3,752,190 · related or exempt $3,752,190

  • 2b · Program service revenue: OTHER DEVELOPMENT INCOME

    total $388,087 · related or exempt $388,087

  • 2c · Program service revenue: HARD INTEREST REVENUE

    total $291,570 · related or exempt $291,570

  • 3 · Investment income

    total $1,186,966 · excluded $1,186,966

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $156,838 · management and general $156,838

  • 9 · Other employee benefits

    total $50,320 · management and general $50,320

  • 11a · Fees: management

    total $45,000 · management and general $45,000

  • 11b · Fees: legal

    total $525 · management and general $525

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 11g · Fees: other

    total $597,745 · program services $597,745

  • 13 · Office expenses

    total $50,498 · management and general $50,498

  • 23 · Insurance

    total $8,822 · management and general $8,822

  • 24a · Other expenses: AMORTIZATION EXPENSE

    total $3,423,181 · program services $3,423,181

  • 24b · Other expenses: SITE PREPARATION WORK

    total $1,174,851 · program services $1,174,851

  • 24c · Other expenses: DEVELOPMENT EXPENSE

    total $7,545 · program services $7,545

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $97,972,617 · end of year $118,845,452

  • 4 · Accounts receivable

    beginning of year $758,700 · end of year $633,962

  • 7 · Other notes and loans receivable

    beginning of year $140,520,763 · end of year $145,418,717

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

    $605,178

  • 10c · Land, buildings and equipment, net

    beginning of year $605,178 · end of year $605,178

  • 11 · Investments: publicly traded securities

    beginning of year $2,922,099 · end of year $2,682,761

  • 12 · Investments: other securities

    beginning of year $12,469,647 · end of year $13,488,283

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,780,089 · end of year $416,061

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $253,468,915 · end of year $281,258,292

Mission and programs · 2022

Mission

TO PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES BY PARTICIPATING IN MIXED FINANCE TRANSACTIONS WITH THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH

Activities or mission (Part I)

TO PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES BY PARTICPATING IN MIXED FINANCE TRANSACTIONS WITH THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH.

  • ALLIES AND ROSS WAS CREATED BY THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH (HACP) TO PARTICIPATE IN AND/OR DEVELOP MIXED FINANCING TRANSACTIONS, BY RECEIVING GRANTS FROM THE HACP, AND IN TURN PROVIDE SHORT AND LONG TERM LOANS TO LIMITED PARTNERSHIPS FOR THE CREATION OF LOW-INCOME HOUSING UNITS. ALLIES AND ROSS WAS ALSO CREATED FOR THE PURPOSE OF FURTHERING HACP'S PURPOSE OF PROVIDING SAFE, DECENT, AND AFFORDABLE HOUSING WITHIN THE CITY OF PITTSBURGH.

    Expenses $5,203,322 · Revenue $4,431,847

As filed on the 2022 return.

Listed in Part VII

  • Amy Shaffer

    SECRETARY

    Total calculated
    $72,980
    From this org
    $0
    From related orgs
    $58,911
    Other
    $14,069
    Hours/week
    0.5 + 40 related

  • Caster Binion

    PRESIDENT AND CEO

    Total calculated
    $296,624
    From this org
    $0
    From related orgs
    $256,696
    Other
    $39,928
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,696 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $17,567 related
    Nontaxable benefits
    $0 + $22,361 related
    Filer's total
    $0 + $296,624 related

  • Valerie McDonald Roberts

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Marsha Grayson

    DIRECTOR

    Total calculated
    $166,475
    From this org
    $0
    From related orgs
    $153,559
    Other
    $12,916
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,559 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,126 related
    Nontaxable benefits
    $0 + $790 related
    Filer's total
    $0 + $166,475 related

  • Bernie McGinley

    TREASURER

    Total calculated
    $187,690
    From this org
    $0
    From related orgs
    $148,464
    Other
    $39,226
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,464 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,062 related
    Nontaxable benefits
    $0 + $27,164 related
    Filer's total
    $0 + $187,690 related

  • Majestic Lane

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

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

None.

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

No itemized grants to organizations on this return.

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.

  • HOUSING AUTHORITY CITY OF PITTSBURGH

    GOV ENTITY · TO PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES · PA

  • CLEAN SLATE E3 INC

    501(C)(3) · TO SUPPORT EDUCATIONAL OPPORTUNITIES AND HUMAN AND SOCIAL SERVICE PROGRAMS · PA

    Directly controlled by HOUSING AUTHORITY OF CITY OF PITTSBURGH

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.

  • ARMDC GUARANTEE LLC

    TO DIRECTLY SUPPORT ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION · PA

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ALLIES PROPERTY MANAGEMENT GROUP LLC

    PROPERTY MANAGEMENT OF MIXED FINANCE PROJECTS · PA

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-MANCHESTER GP LLC

    OWNERSHIP OF MANCHESTER LIMITED PARTNERSHIPS · PA

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-MURRAY TOWERS RAD LLC

    OWNERSHIP OF MURRAY TOWERS HOUSING DEVELOPMENT · PA

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • NORTHVIEW MIDRISE LLC

    OWNERSHIP OF THE NORTHVIEW MIDRISE PROPERTY · PA

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC DEVELOPMENT LLC

    DEVELOPMENT OF LOW-INCOME PROPERTIES · PA

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MANCHESTER HOUSING PARTNERSHIP LP I

    RELATED · LOW INCOME HOUSING · PA · 1% owned · general or managing partner

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • MANCHESTER HOUSING PARTNERSHIP LP I

    RELATED · LOW INCOME HOUSING · PA · 98.99% owned

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • MANCHESTER HOUSING PARTNERSHIP LP II

    RELATED · LOW INCOME HOUSING · PA · 1% owned · general or managing partner

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • MANCHESTER HOUSING PARTNERSHIP LP II

    RELATED · LOW INCOME HOUSING · PA · 98.99% owned

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • MANCHESTER HOUSING PARTNERSHIP LP III

    RELATED · LOW INCOME HOUSING · PA · 1% owned · general or managing partner

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • MANCHESTER HOUSING PARTNERSHIP LP III

    RELATED · LOW INCOME HOUSING · PA · 98.99% owned

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • MANCHESTER HOUSING PARTNERSHIP LP IV

    RELATED · LOW INCOME HOUSING · PA · 1% owned · general or managing partner

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • MANCHESTER HOUSING PARTNERSHIP LP IV

    RELATED · LOW INCOME HOUSING · PA · 98.99% owned

    Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • GARFIELD HEIGHTS LLC

    RELATED · LOW INCOME HOUSING · OH · 0% owned

  • GARFIELD HEIGHTS PHASE 2 LLC

    RELATED · LOW INCOME HOUSING · OH

  • GARFIELD HEIGHTS PHASE 3 LLC

    RELATED · LOW INCOME HOUSING · OH

  • GARFIELD HEIGHTS PHASE 4 LLC

    RELATED · LOW INCOME HOUSING · OH

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ARMDC-ADDISON TERRACE I INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-ADDISON TERRACE II INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-ADDISON TERRACE III INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-LARIMER-EAST LIBERTY I INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-LARIMER-EAST LIBERTY II INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-NORTHVIEW MIDRISE INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-LARIMER-EAST LIBERTY III INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-GLEN HAZEL RAD INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-CRAWFORD INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-ADDISON TERRACE IV INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-ALLEGHENY DWELLINGS I INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC-LARIMER-EAST LIBERTY IV INC

    C · REAL ESTATE DEVELOPMENT · PA · 100% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC - OAK HILL 1A LP LLC

    C · LOW INCOME HOUISNG · PA · 79% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC - OAK HILL 1B LP LLC

    C · LOW INCOME HOUISNG · PA · 79% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

  • ARMDC - OAK HILL 1C LP LLC

    C · LOW INCOME HOUISNG · PA · 79% owned

    Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349308793

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