Totals
- Total revenue
- $2,122,826
- Total expenses
- $2,523,742
- Contributions and grants received
- $1,748,926
- Grants paid
- $0
- Program service revenue
- $440,730
- Investment income
- $4,022
- Other revenue
- -$70,852
- Total assets, end of year
- $18,409,318
- Total liabilities, end of year
- $16,072,615
- Net assets or fund balances, end of year
- $2,336,703
- Program services expenses (Part IX)
- $2,222,811
- Management and general expenses
- $296,673
- Fundraising expenses
- $4,258
- Program service expenses (Part III)
- $2,222,811
Program services were 88.1% 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
$1,748,926
-
2a · Program service revenue: Fee Income
total $440,730 · related or exempt $440,730
-
3 · Investment income
total $1,536 · related or exempt $1,536
-
6a · Gross rents
real property $909,165
-
6b · Less rental expenses
real property $983,271
-
6c · Rental income or loss
real property -$74,106
-
6d · Net rental income or loss
total -$74,106 · related or exempt -$74,106
-
7a · Gross sales of assets other than inventory
other assets $2,486
-
7c · Gain or loss
other assets $2,486
-
7d · Net gain or loss
total $2,486 · related or exempt $2,486
-
11a · Other revenue: Other income
total $3,254 · related or exempt $3,254
-
11e · Other revenue, total
$3,254
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $120,000 · program services $96,000 · management and general $24,000
-
7 · Other salaries and wages
total $535,587 · program services $482,028 · management and general $53,559
-
9 · Other employee benefits
total $96,319 · program services $91,503 · management and general $4,816
-
10 · Payroll taxes
total $57,210 · program services $51,489 · management and general $5,721
-
11b · Fees: legal
total $7,481 · program services $5,237 · management and general $2,244
-
11c · Fees: accounting
total $47,419 · program services $33,193 · management and general $14,226
-
11g · Fees: other
total $95,846 · program services $64,185 · management and general $27,508 · fundraising $4,153
-
12 · Advertising and promotion
total $105 · fundraising $105
-
13 · Office expenses
total $120,870 · program services $24,174 · management and general $96,696
-
16 · Occupancy
total $40,924 · management and general $40,924
-
17 · Travel
total $12,962 · program services $12,962
-
22 · Depreciation, depletion and amortization
total $193,892 · program services $174,504 · management and general $19,388
-
23 · Insurance
total $18,690 · program services $16,821 · management and general $1,869
-
24a · Other expenses: Miscellaneous
total $28,614 · program services $22,892 · management and general $5,722
-
24b · Other expenses: Staff Development
total $8,523 · program services $8,523
-
24c · Other expenses: Project Expenses
total $1,139,300 · program services $1,139,300
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,220,347 · end of year $1,195,726
-
4 · Accounts receivable
beginning of year $156,188 · end of year $908,030
-
10a · Land, buildings and equipment: cost or other basis
$9,615,584
-
10b · Land, buildings and equipment: accumulated depreciation
$296,549
-
10c · Land, buildings and equipment, net
beginning of year $6,239,907 · end of year $9,319,035
-
15 · Other assets
beginning of year $3,615,731 · end of year $6,986,527
-
17 · Accounts payable and accrued expenses
beginning of year $70,179 · end of year $190,332
-
24 · Unsecured notes and loans payable
beginning of year $9,382,077 · end of year $15,825,023
-
25 · Other liabilities
beginning of year $42,298 · end of year $57,260
-
27 · Net assets without donor restrictions
beginning of year $2,555,569 · end of year $2,209,203
-
28 · Net assets with donor restrictions
beginning of year $182,050 · end of year $127,500
Mission and programs · 2023
Mission
Rising Tide Partners advances the revitalization of distressed neighborhoods in the Pittsburgh region by preserving and improving affordable housing, preventing the displacement of existing residents and addressing blighted properties.
-
Rising Tide Partners collaborates with neighborhood organizations and residents to implement their community vision by employing restorative real estate practices, laying the groundwork for wealth building and stability of residents who have suffered from systemic injustices in land use decisions.
Expenses $2,222,811
As filed on the 2023 return.
Listed in Part VII
-
Kendall Pelling
Executive Director
- Total calculated
- $120,000
- From this org
- $120,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Maelene Myers
Member
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Dieleman Perry
Member
- Total calculated
- $0
- Hours/week
- 1
-
Skip Schwab
Member
- Total calculated
- $0
- Hours/week
- 1
-
Thoman Yargo
Member
- Total calculated
- $0
- Hours/week
- 1
-
Ray Baum
Member
- Total calculated
- $0
- Hours/week
- 1
-
Irene Mcglaughlin Clark
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Tammy Thompson
President
- Total calculated
- $0
- Hours/week
- 2
-
Fred Brown
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
William Krahe
Secretary
- 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.
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.
-
RTH Investments LLC
Perserving Afforable Housing in Hazelwood · PA · income $9,909 · assets $7,459,019
Directly controlled by Rising Tide Partners
-
PRF100 LLC
Perserving Afforable Housing in Perry Hilltop · PA · income -$5,510 · assets $1,678,076
Directly controlled by Rising Tide Partners
-
Garfield Housing Reclamation LLC
Perserving Afforable Housing in Garfield · PA · income -$1,179 · assets $95,321
Directly controlled by Rising Tide Partners
-
RT Homewood
Perserving Afforable Housing in Homewood · PA · income -$8,490 · assets $1,378,710
Directly controlled by Rising Tide Partners
-
RT Wilkinsburg
Perserving Afforable Housing in Wilksburg · PA · income -$25,885 · assets $478,677
Directly controlled by Rising Tide Partners
-
RT East Hills
Perserving Afforable Housing in East Hills · PA · income -$139,855 · assets $4,376,703
Directly controlled by Rising Tide Partners
-
One Northside Homes
Perserving Afforable Housing in North Side · PA · income $51,454 · assets $2,406,413
Directly controlled by Rising Tide Partners
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443119349303624
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