Totals
- Total revenue
- $206,384
- Total expenses
- $155,874
- Contributions and grants received
- $83,516
- Grants paid
- $0
- Program service revenue
- $55,290
- Investment income
- $67,578
- Other revenue
- $0
- Total assets, end of year
- $1,043,042
- Total liabilities, end of year
- $661,268
- Net assets or fund balances, end of year
- $381,774
- Program services expenses (Part IX)
- $89,838
- Management and general expenses
- $53,746
- Fundraising expenses
- $12,290
- Program service expenses (Part III)
- $89,838
Program services were 57.6% 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
$4,147
-
1f · All other contributions, gifts and grants
$79,369
-
2a · Program service revenue: Tenant Rents and Fees
total $55,290 · unrelated business $0 · excluded $0
-
7a · Gross sales of assets other than inventory
other assets $258,000
-
7b · Less cost or other basis and sales expenses
other assets $190,422
-
7c · Gain or loss
other assets $67,578
-
7d · Net gain or loss
total $67,578 · related or exempt $67,578 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $75,000 · program services $37,500 · management and general $26,250 · fundraising $11,250
-
10 · Payroll taxes
total $2,696 · program services $1,348 · management and general $1,348 · fundraising $0
-
11b · Fees: legal
total $1,696 · program services $0 · management and general $1,696 · fundraising $0
-
11c · Fees: accounting
total $1,984 · program services $0 · management and general $1,984 · fundraising $0
-
12 · Advertising and promotion
total $1,040 · program services $0 · management and general $0 · fundraising $1,040
-
22 · Depreciation, depletion and amortization
total $17,218 · program services $17,218 · management and general $0 · fundraising $0
-
23 · Insurance
total $2,752 · program services $0 · management and general $2,752 · fundraising $0
-
24a · Other expenses: Program Direct Expenses
total $33,772 · program services $33,772 · management and general $0 · fundraising $0
-
24b · Other expenses: Administrative Expenses
total $19,716 · program services $0 · management and general $19,716 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $228,729 · end of year $316,024
-
7 · Other notes and loans receivable
end of year $12,978
-
10a · Land, buildings and equipment: cost or other basis
$613,366
-
10b · Land, buildings and equipment: accumulated depreciation
$42,533
-
10c · Land, buildings and equipment, net
beginning of year $597,568 · end of year $570,833
-
15 · Other assets
beginning of year $539,803 · end of year $143,207
-
17 · Accounts payable and accrued expenses
beginning of year $876 · end of year $13,901
-
23 · Secured mortgages and notes payable
beginning of year $826,539 · end of year $272,867
-
24 · Unsecured notes and loans payable
beginning of year $144,500 · end of year $80,000
-
25 · Other liabilities
beginning of year $61,685 · end of year $294,500
-
27 · Net assets without donor restrictions
beginning of year $332,500 · end of year $381,774
Mission and programs · 2023
Mission
SITOs mission is to strengthen people and neighborhoods by efficiently revitalizing and then compassionately managing dignified rental housing for low-income residents. We seek to meet the housing needs of the city's current residents where they are and to conserve sound housing where it exists.
-
Effectively create affordable housing units by partnering with public and private entities to fund our selective rehab projects - identifying buildings that can provide a sanctuary in the ordinary for low-income families and individuals.
Expenses $89,838 · Revenue $122,868
As filed on the 2023 return.
Listed in Part VII
-
James Roos
Founding Director
- Total calculated
- $0
- Hours/week
- 16
-
Jeff Buck
Executive Director
- Total calculated
- $75,000
- From this org
- $75,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Teresa Mithen Danieley
President
- Total calculated
- $0
- Hours/week
- 1
-
Anthony D'Agostino
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Lucas Delort
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Christina Syberg
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Irvin Hamilton
Director
- Total calculated
- $0
- Hours/week
- 0.5
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
- 2023
- Filed
- 13 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202441359349304879
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