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Nonprofiteer
← DEKALB HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by DEKALB HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$149,011
Total expenses
$153,395
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$148,986
Investment income
$25
Other revenue
$0
Total assets, end of year
$297,494
Total liabilities, end of year
$525,938
Net assets or fund balances, end of year
-$228,444
Program services expenses (Part IX)
$128,887
Management and general expenses
$24,508
Fundraising expenses
$0
Program service expenses (Part III)
$128,887

Program services were 84.0% 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.

  • 2a · Program service revenue: TENANT RENT

    total $143,124 · related or exempt $143,124

  • 2b · Program service revenue: OTHER RENTS

    total $4,485 · related or exempt $4,485

  • 2c · Program service revenue: LAUNDRY

    total $1,357 · related or exempt $1,357

  • 2d · Program service revenue: TENANT CHARGES

    total $20 · related or exempt $20

  • 3 · Investment income

    total $25 · excluded $25

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $11,780 · management and general $11,780

  • 11c · Fees: accounting

    total $9,960 · management and general $9,960

  • 11g · Fees: other

    total $29,250 · program services $29,250

  • 12 · Advertising and promotion

    total $87 · management and general $87

  • 13 · Office expenses

    total $1,950 · management and general $1,950

  • 16 · Occupancy

    total $55,141 · program services $55,141

  • 20 · Interest

    total $2,578 · program services $2,578

  • 22 · Depreciation, depletion and amortization

    total $28,276 · program services $28,276

  • 23 · Insurance

    total $7,703 · program services $7,703

  • 24a · Other expenses: LICENSES & TAXES

    total $5,449 · program services $5,449

  • 24b · Other expenses: OTHER MISCELLANEOUS EXP

    total $1,221 · program services $490 · management and general $731

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,233 · end of year $3,047

  • 2 · Savings and temporary cash investments

    beginning of year $46,687 · end of year $43,329

  • 4 · Accounts receivable

    beginning of year $444 · end of year $91

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,250 · end of year $4,120

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

    $965,296

  • 10b · Land, buildings and equipment: accumulated depreciation

    $718,389

  • 10c · Land, buildings and equipment, net

    beginning of year $267,634 · end of year $246,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,261 · end of year $5,085

  • 21 · Escrow or custodial account liability

    beginning of year $2,692 · end of year $2,389

  • 23 · Secured mortgages and notes payable

    beginning of year $533,355 · end of year $518,464

  • 27 · Net assets without donor restrictions

    beginning of year -$224,060 · end of year -$228,444

Mission and programs · 2023

Mission

PROVIDE FOURTEEN (14) UNITS OF ONE-BEDROOM HOUSING FOR LOW-INCOME ELDERLY.

  • PROVIDE FOURTEEN (14) UNITS OF ONE-BEDROOM HOUSING FOR LOW INCOME ELDERLY.

    Expenses $128,887 · Revenue $148,986

As filed on the 2023 return.

Listed in Part VII

  • Martha H Burt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Barbara A Creazzo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John M Frary

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Karen Thatcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wanda L Law

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
20 May 2024
IRS schema version
2023v5.0
Source object
202401509349301000

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