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Nonprofiteer
← HEARTWOOD RESOURCES

Form 990 for tax year 2022

Filed by HEARTWOOD RESOURCES.

Totals

Total revenue
$618,517
Total expenses
$576,436
Contributions and grants received
$67,032
Grants paid
$0
Program service revenue
$551,485
Investment income
$0
Other revenue
$0
Total assets, end of year
$327,134
Total liabilities, end of year
$261,136
Net assets or fund balances, end of year
$65,998
Program services expenses (Part IX)
$407,432
Management and general expenses
$169,004
Fundraising expenses
$0
Program service expenses (Part III)
$407,432

Program services were 70.7% 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.

  • 1e · Government grants (contributions)

    $67,032

  • 2a · Program service revenue: BUILDING MATERIAL SALE

    total $526,303 · related or exempt $526,303

  • 2b · Program service revenue: MISCELLANEOUS OPERATIN

    total $22,081 · related or exempt $22,081

  • 2c · Program service revenue: REIMBURSEMENTS

    total $3,101 · related or exempt $3,101

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,850 · program services $570 · management and general $2,280

  • 11g · Fees: other

    total $360,581 · program services $270,436 · management and general $90,145

  • 12 · Advertising and promotion

    total $789 · program services $631 · management and general $158

  • 13 · Office expenses

    total $4,211 · program services $3,369 · management and general $842

  • 16 · Occupancy

    total $8,928 · program services $8,482 · management and general $446

  • 17 · Travel

    total $9,666 · program services $7,733 · management and general $1,933

  • 20 · Interest

    total $3,418 · program services $3,418

  • 22 · Depreciation, depletion and amortization

    total $15,286 · program services $14,522 · management and general $764

  • 23 · Insurance

    total $25,167 · program services $23,909 · management and general $1,258

  • 24a · Other expenses: ADMIN SERVICE FEES

    total $82,035 · program services $16,407 · management and general $65,628

  • 24b · Other expenses: MISCELLENEOUS OPERATING

    total $35,042 · program services $33,290 · management and general $1,752

  • 24c · Other expenses: GENERAL AND ADMINISTRAT

    total $15,831 · program services $12,665 · management and general $3,166

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $12,632 · program services $12,000 · management and general $632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,870 · end of year $53,194

  • 4 · Accounts receivable

    beginning of year $1,230 · end of year $6,468

  • 8 · Inventories for sale or use

    beginning of year $28,463 · end of year $37,125

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,224 · end of year $1,586

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

    $341,155

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

    $112,394

  • 10c · Land, buildings and equipment, net

    beginning of year $188,036 · end of year $228,761

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,240 · end of year $23,871

  • 23 · Secured mortgages and notes payable

    beginning of year $64,124 · end of year $56,943

  • 25 · Other liabilities

    beginning of year $192,542 · end of year $180,322

  • 27 · Net assets without donor restrictions

    beginning of year $23,917 · end of year $65,998

Mission and programs · 2022

Mission

TO PROVIDE LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLED BUILDING MATERIAL.

Activities or mission (Part I)

TO PROVIDE LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLED BUILDING MATERIAL

  • PROVIDED LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLED MATERIALS RECEIVED THROUGH DONATIONS OR DECONSTRUCTION OF OLD BUILDINGS

    Expenses $407,432 · Revenue $551,485

As filed on the 2022 return.

Listed in Part VII

  • Erica Mills

    CEO

    Total calculated
    $146,548
    From this org
    $0
    From related orgs
    $126,617
    Other
    $19,931
    Hours/week
    5 + 35 related

  • Lea Sevey

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Elena Lininger

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jacob Winn

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve Lossley

    CO-TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Debora Lightcap

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brittany Weerheim

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dawn Mills

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Erica Kimrey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 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.

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.

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.

Related partnerships

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

  • BROOKSIDE SENIOR HOUSING LP

    LOW-INCOME HOUSING · OR

  • DEER CREEK VILLAGE LLC

    LOW-INCOME HOUSING · OR

  • EAGLE LANDING ASSOCIATES LLC

    LOW-INCOME HOUSING · OR

  • HILLSIDE TERRACE APARTMENTS LP

    LOW-INCOME HOUSING · OR

  • HILLSIDE TERRACE APARTMENTS LP

    LOW-INCOME HOUSING · OR

  • JEFFERSON PARK LP

    LOW-INCOME HOUSING · OR

  • JEFFERSON PARK LP

    LOW-INCOME HOUSING · OR

  • NORTH BEND HOTEL APARTMENTS LP

    LOW-INCOME HOUSING · OR

  • UMPQUA UCAN LLC

    LOW-INCOME HOUSING · OR

Related corporations and trusts

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

  • BROOKSIDE COURT APARTMENTS LLC

    C · LOW-INCOME HOUSING · OR

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349331435

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