Totals
- Total revenue
- $377,702
- Total expenses
- $403,354
- Contributions and grants received
- $377,677
- Grants paid
- $376,839
- Program service revenue
- $0
- Investment income
- $25
- Other revenue
- $0
- Total assets, end of year
- $21,038
- Total liabilities, end of year
- $50,095
- Net assets or fund balances, end of year
- -$29,057
- Program services expenses (Part IX)
- $400,487
- Management and general expenses
- $1,434
- Fundraising expenses
- $1,433
- Program service expenses (Part III)
- $400,487
Program services were 99.3% 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.
-
1f · All other contributions, gifts and grants
$377,677
-
3 · Investment income
total $25 · excluded $25
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $376,839 · program services $376,839
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $11,666 · program services $10,500 · management and general $583 · fundraising $583
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $1,008 · program services $908 · management and general $50 · fundraising $50
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $5 · program services $4 · management and general $1
-
11c · Fees: accounting
total $231 · program services $207 · management and general $12 · fundraising $12
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $29 · program services $26 · management and general $2 · fundraising $1
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $6 · program services $4 · management and general $1 · fundraising $1
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $880 · program services $792 · management and general $44 · fundraising $44
-
24a · Other expenses: SOFTWARE EXPENSE
total $11,868 · program services $10,682 · management and general $593 · fundraising $593
-
24b · Other expenses: WEBSITE EXPENSE
total $397 · program services $357 · management and general $20 · fundraising $20
-
24c · Other expenses: MEALS
total $239 · management and general $119 · fundraising $120
-
24d · Other expenses: BANK SERVICE CHARGES
total $186 · program services $168 · management and general $9 · fundraising $9
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $795 · end of year $14,497
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $4,541
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $7,000 · end of year $2,000
-
17 · Accounts payable and accrued expenses
end of year $15,554
-
25 · Other liabilities
beginning of year $11,200 · end of year $34,541
-
27 · Net assets without donor restrictions
beginning of year -$3,405 · end of year -$29,057
Mission and programs · 2024
Mission
THE ORGANIZATION IS ORGANIZED PRIMARILY FOR THE PURPOSE OF PROVIDING DECENT, AFFORDABLE HOUSING OPPORTUNITIES FOR EXTREMELY LOW-INCOME TO MODERATE-INCOME HOUSEHOLDS.
-
THE ORGANIZATION IS ORGANIZED TO PROVIDE DECENT, AFFORDABLE HOUSING OPPORTUNITIES FOR EXTREMELY LOW-INCOME TO MODERATE-INCOME HOUSEHOLDS.DURING 2024, THE ORGANIZATION FUNDED REHABILITATION PROJECTS TOTALING $376,839 DIRECTLY SUPPORTING 53 INDIVIDUALS AND FAMILIES
Expenses $400,487
As filed on the 2024 return.
Listed in Part VII
-
Jerry FloydJERRY FLOYD
Executive Dir.
- Total calculated
- $11,667
- From this org
- $11,667
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Kimberly HansenKIMBERLY HANSEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Daejohn LoveDAEJOHN LOVE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ken MattesonKEN MATTESON
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Rachelle SetsodiRACHELLE SETSODI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Anne TriplettANNE TRIPLETT
Director
- Total calculated
- $0
- Hours/week
- 2
-
Paige YontzPAIGE YONTZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shonna FloydSHONNA FLOYD
Secretary/Treas
- Total calculated
- $0
- Hours/week
- 8
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.
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.
-
PARAMOUNT I LLC
AFFORDABLE HOUSING DEVELOPMENT PROJECTS · IA
Directly controlled by PARAMOUNT DEVELOPMENT INC
-
PARAMOUNT II LLC
AFFORDABLE HOUSING DEVELOPMENT PROJECTS · IA
Directly controlled by PARAMOUNT DEVELOPMENT INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 24 April 2025
- IRS schema version
- 2024v5.1
- Source object
- 202531189349301343
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