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← AUDUBON MUTUAL HOUSING CORPORATION

Form 990 for tax year 2023

Filed by AUDUBON MUTUAL HOUSING CORPORATION.

Totals

Total revenue
$5,159,897
Total expenses
$5,694,324
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,120,256
Investment income
$39,641
Other revenue
$0
Total assets, end of year
$3,805,065
Total liabilities, end of year
$931,005
Net assets or fund balances, end of year
$2,874,060
Program services expenses (Part IX)
$5,694,324
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,694,324

Program services were 100.0% 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: HOUSING ASSESSMENTS

    total $2,262,610 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: UTILITY CHARGES & SERVICES

    total $1,365,519 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: R/E TAXES ASSESSMENTS

    total $1,406,405 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: LATE CHARGES & OTHER

    total $85,722 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $39,641 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $409,319 · program services $409,319 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $80,529 · program services $80,529 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $31,185 · program services $31,185 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $291,229 · program services $291,229 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $49,493 · program services $49,493 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $15,825 · program services $15,825 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $28,553 · program services $28,553 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $24,226 · program services $24,226 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $5,651 · program services $5,651 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $66,610 · program services $66,610 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $514,182 · program services $514,182 · management and general $0 · fundraising $0

  • 24a · Other expenses: MEMBER REAL ESTATE TAXES

    total $1,406,405 · program services $1,406,405 · management and general $0 · fundraising $0

  • 24b · Other expenses: MEMBER UTILITIES/SERVICES

    total $1,365,519 · program services $1,365,519 · management and general $0 · fundraising $0

  • 24c · Other expenses: REPAIR AND REPLACEMENT

    total $1,323,832 · program services $1,323,832 · management and general $0 · fundraising $0

  • 24d · Other expenses: VEHICLES

    total $22,256 · program services $22,256 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $59,510 · program services $59,510 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,248,584 · end of year $1,956,737

  • 4 · Accounts receivable

    beginning of year $23,462 · end of year $17,039

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,005 · end of year $30,625

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

    $4,108,476

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

    $3,810,154

  • 10c · Land, buildings and equipment, net

    beginning of year $364,932 · end of year $298,322

  • 12 · Investments: other securities

    beginning of year $855,710 · end of year $1,502,342

  • 17 · Accounts payable and accrued expenses

    beginning of year $540,147 · end of year $336,380

  • 19 · Deferred revenue

    beginning of year $603,589 · end of year $594,625

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,060,323 · end of year $854,020

  • 28 · Net assets with donor restrictions

    beginning of year $2,321,634 · end of year $2,020,040

Mission and programs · 2023

Mission

COMMUNITY HOUSING CORPORATION MANAGES AND OPERATES COMMUNITY HOUSING FACILITY FOR THE BENEFIT OF ITS MEMBERS CONSISTING OF 499 HOMES.

  • AUDUBON MUTUAL HOUSING CORPORATION MANAGES AND OPERATES COMMUNITY HOUSING FACILITY FOR THE BENEFIT OF ITS MEMBERS CONSISTING OF 499 RESIDENTIAL UNITS.

    Expenses $5,694,324 · Revenue $5,159,897

As filed on the 2023 return.

Listed in Part VII

  • Cathleen Lowe

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Thomas Whalen

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Scott Grohowski

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Doug Proud

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Debbie Crosby

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Charis Lewis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brian Burns

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Regina Foti

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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
2 April 2025
IRS schema version
2023v6.0
Source object
202521009349300717

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