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← AFFORDABLE HOUSING MATTERS INC

Form 990 for tax year 2022

Filed by AFFORDABLE HOUSING MATTERS INC.

Totals

Total revenue
$3,041,296
Total expenses
$108,173
Contributions and grants received
$3,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$17,574
Other revenue
$23,722
Total assets, end of year
$2,938,718
Total liabilities, end of year
$5,595
Net assets or fund balances, end of year
$2,933,123
Program services expenses (Part IX)
$108,173
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$108,173

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.

  • 1d · Related organizations

    $3,000,000

  • 3 · Investment income

    total $17,574 · excluded $17,574

  • 6a · Gross rents

    real property $23,722

  • 6c · Rental income or loss

    real property $23,722

  • 6d · Net rental income or loss

    total $23,722 · related or exempt $23,722

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $1,713 · program services $1,713

  • 22 · Depreciation, depletion and amortization

    total $24,500 · program services $24,500

  • 23 · Insurance

    total $4,862 · program services $4,862

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $43,650 · program services $43,650

  • 24b · Other expenses: CLOSING COSTS

    total $23,507 · program services $23,507

  • 24c · Other expenses: TAXES

    total $6,391 · program services $6,391

  • 24d · Other expenses: UTILITIES

    total $3,401 · program services $3,401

  • 24e · All other expenses

    total $149 · program services $149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,910,975

  • 9 · Prepaid expenses and deferred charges

    end of year $2,243

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

    $1,050,000

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

    $24,500

  • 10c · Land, buildings and equipment, net

    end of year $1,025,500

  • 17 · Accounts payable and accrued expenses

    end of year $140

  • 25 · Other liabilities

    end of year $5,455

  • 27 · Net assets without donor restrictions

    end of year $2,933,123

Mission and programs · 2022

Mission

AFFORDABLE HOUSING MATTERS, INC. IS AN INDEPENDENT, NON-PROFIT CORPORATION ESTABLISHED FOR THE PURPOSE OF PROVIDING AFFORDABLE HOUSING TO INDIVIDUALS AND FAMILIES WITH LOW INCOME.

  • PROVIDE AFFORDABLE HOUSING TO INDIVIDUALS AND FAMILIES WITH LOW INCOME.

    Expenses $108,173

As filed on the 2022 return.

Listed in Part VII

  • Sue Marshall

    CHAIRMAN

    Total calculated
    $386,432
    From this org
    $361,074
    From related orgs
    $0
    Other
    $25,358
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $361,074
    Bonus
    not reported
    Other
    not reported
    Deferred
    $9,750
    Nontaxable benefits
    $15,608
    Filer's total
    $386,432

  • Cornell Chappelle

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Ferrell

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
10 July 2024
IRS schema version
2022v5.0
Source object
202402119349300845

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