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Nonprofiteer
← MORELAND AFFORDABLE HOUSING CORPORATION

Form 990 for tax year 2022

Filed by MORELAND AFFORDABLE HOUSING CORPORATION.

Totals

Total revenue
$272,047
Total expenses
$348,689
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$272,047
Investment income
$0
Other revenue
$0
Total assets, end of year
$552,976
Total liabilities, end of year
$1,572,194
Net assets or fund balances, end of year
-$1,019,218
Program services expenses (Part IX)
$314,817
Management and general expenses
$33,872
Fundraising expenses
$0
Program service expenses (Part III)
$314,817

Program services were 90.3% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $272,047 · related or exempt $272,047

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $21,470 · management and general $21,470

  • 11c · Fees: accounting

    total $10,492 · management and general $10,492

  • 13 · Office expenses

    total $1,910 · management and general $1,910

  • 16 · Occupancy

    total $98,217 · program services $98,217

  • 22 · Depreciation, depletion and amortization

    total $66,279 · program services $66,279

  • 23 · Insurance

    total $20,160 · program services $20,160

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $72,185 · program services $72,185

  • 24b · Other expenses: RESIDENT SERVICES

    total $30,208 · program services $30,208

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $27,768 · program services $27,768

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,413 · end of year $437

  • 4 · Accounts receivable

    beginning of year $38,660 · end of year $64,573

  • 9 · Prepaid expenses and deferred charges

    beginning of year $720 · end of year $1,296

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

    $1,836,178

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

    $1,467,275

  • 10c · Land, buildings and equipment, net

    beginning of year $435,182 · end of year $368,903

  • 15 · Other assets

    beginning of year $118,765 · end of year $117,767

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,734 · end of year $8,788

  • 23 · Secured mortgages and notes payable

    beginning of year $1,516,694 · end of year $1,511,267

  • 25 · Other liabilities

    beginning of year $100,888 · end of year $52,139

  • 27 · Net assets without donor restrictions

    beginning of year -$942,576 · end of year -$1,019,218

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING TO QUALIFIED AREA RESIDENTS.

Activities or mission (Part I)

TO PROVIDE LOW INCOME HOUSING TO AREA RESIDENTS WHO QUALIFY.

  • PROVIDES RESIDENTIAL HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES.

    Expenses $314,817 · Revenue $272,047

As filed on the 2022 return.

Listed in Part VII

  • DAYENNE WALTERS

    CLERK

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • GREGORY CONNOR

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • ALTHEA SMITH

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • DEBORAH HUGHES

    PRESIDENT

    Total calculated
    $132,982
    From this org
    $0
    From related orgs
    $122,901
    Other
    $10,081
    Hours/week
    2 + 37 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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 August 2024
IRS schema version
2022v5.0
Source object
202432269349301858

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