Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $229,001

• 1d · Related organizations

  $1,057,006

• 1e · Government grants (contributions)

  $554,174

• 1f · All other contributions, gifts and grants

  $1,142,942

• 1g · Noncash contributions included above

  $10,000

• 2a · Program service revenue: ASSET MANAGEMENT FEES

  total $14,850 · related or exempt $14,850

• 2b · Program service revenue: MISCELLANEOUS INCOME

  total $1,364 · related or exempt $1,364

• 2c · Program service revenue: RENTAL PROPERTY INCOME

  total $26,311 · related or exempt $26,311

• 2d · Program service revenue: SUPPORTIVE SERVICE FEES

  total $42,705 · related or exempt $42,705

• 3 · Investment income

  total $267,974 · excluded $267,974

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $398,660

• 7b · Less cost or other basis and sales expenses

  securities $401,858

• 7c · Gain or loss

  securities -$3,198

• 7d · Net gain or loss

  total -$3,198 · excluded -$3,198

• 8a · Fundraising events: gross income

  $8,925

• 8a · Fundraising events: contributions included on line 1c

  $229,001

• 8b · Fundraising events: direct expenses

  $91,634

• 8c · Net income from fundraising events

  total -$82,709 · excluded -$82,709

• 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 $107,340 · program services $107,340

• 2 · Grants to domestic individuals

  total $135,105 · program services $135,105

• 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 $336,855 · program services $336,855

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $1,548,818 · program services $921,503 · management and general $226,282 · fundraising $401,033

• 8 · Pension plan contributions

  total $81,211 · program services $53,647 · management and general $11,017 · fundraising $16,547

• 9 · Other employee benefits

  total $200,819 · program services $142,475 · management and general $27,178 · fundraising $31,166

• 10 · Payroll taxes

  total $138,470 · program services $92,140 · management and general $15,683 · fundraising $30,647

• 11a · Fees: management

  total $20,772 · program services $20,772

• 11b · Fees: legal

  total $2,092 · program services $2,092

• 11c · Fees: accounting

  total $31,248 · program services $30,336 · management and general $182 · fundraising $730

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $8,000 · fundraising $8,000

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $63,258 · program services $16,709 · fundraising $46,549

• 12 · Advertising and promotion

  total $40,075 · program services $27,370 · management and general $9,207 · fundraising $3,498

• 13 · Office expenses

  total $83,723 · program services $31,024 · management and general $26,041 · fundraising $26,658

• 14 · Information technology

  total $47,159 · program services $35,683 · management and general $326 · fundraising $11,150

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $393,058 · program services $307,661 · management and general $23,614 · fundraising $61,783

• 17 · Travel

  total $2,731 · program services $2,439 · management and general $237 · fundraising $55

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $17,980 · program services $16,225 · management and general $334 · fundraising $1,421

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $50,024 · program services $50,024

• 23 · Insurance

  total $0

• 24a · Other expenses: SERVICE EXPENSES

  total $53,672 · program services $40,747 · fundraising $12,925

• 24b · Other expenses: MISCELLANEOUS EXPENSES

  total $25,934 · program services $22,469 · management and general $822 · fundraising $2,643

• 24c · Other expenses: MISC. FUNDRAISING EXPENSES

  total $13,127 · fundraising $13,127

• 24d · Other expenses: WORKERS COMPENSATION

  total $9,208 · program services $6,686 · fundraising $2,522

• 24e · All other expenses

  total $1,573 · program services $1,573

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $155,827 · end of year $65,898

• 2 · Savings and temporary cash investments

  beginning of year $1,038,290 · end of year $427,433

• 3 · Pledges and grants receivable

  beginning of year $76,667 · end of year $176,326

• 4 · Accounts receivable

  beginning of year $104,571 · end of year $52,104

• 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

  beginning of year $9,567,682 · end of year $9,737,241

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $99,714 · end of year $87,478

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

  $2,712,416

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

  $1,567,651

• 10c · Land, buildings and equipment, net

  beginning of year $1,174,370 · end of year $1,144,765

• 11 · Investments: publicly traded securities

  beginning of year $2,870,787 · end of year $3,502,519

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  beginning of year $62,480 · end of year $60,907

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $333,452 · end of year $132,318

• 17 · Accounts payable and accrued expenses

  beginning of year $419,950 · end of year $440,180

• 19 · Deferred revenue

  beginning of year $1,591 · end of year $371

• 23 · Secured mortgages and notes payable

  beginning of year $724,269 · end of year $724,269

• 25 · Other liabilities

  beginning of year $282,521 · end of year $203,845

• 27 · Net assets without donor restrictions

  beginning of year $13,578,357 · end of year $13,810,106

• 28 · Net assets with donor restrictions

  beginning of year $477,152 · end of year $208,218

The filer's explanations (Part III)

Part I, Line 7: Non-Fixed payments not listed above

EMPLOYEES OF HUMAN INVESTMENT PROJECT, INC. (HIP) ARE PAID ANNUAL BONUS COMPENSATION BASED ON THREE COMPONENTS:1) YEARS OF SERVICE - THE ANNUAL BONUS IS INCREASED BASED ON THE NUMBER OF YEARS AN EMPLOYEE HAS WORKED FOR HIP;2) LEVEL OF SERVICE - THE ANNUAL BONUS IS INCREASED BASED ON IF THE EMPLOYEE IS A LINE STAFF MEMBER, A SUPERVISOR, OR A DIVISION HEAD;3) PERFORMANCE - THE ANNUAL BONUS IS ALSO BASED ON PERFORMANCE RECOMMENDATIONS FROM DIVISION HEADS WITH THE FINAL DECISION BEING MADE BY THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR'S PERFORMANCE BONUS IS APPROVED BY THE EXECUTIVE COMMITTEE OF HIP'S BOARD OF DIRECTORS.

Related partnerships

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

• REDWOOD OAKS ASSOCIATES

  RELATED · LOW-INCOME HOUSING · CA · 100% owned · share of income -$1,573 · share of assets $18,858

  Directly controlled by HIP

Related corporations and trusts

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

• REDWOOD OAKS - HHDC LLC

  C CORP · LOW-INCOME HOUSING · CA