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← LUTHERAN HOUSING DEVELOPMENT FUND CORPORATION AT CONCORD VILLAGE

Form 990 for tax year 2023

Filed by LUTHERAN HOUSING DEVELOPMENT FUND CORPORATION AT CONCORD VILLAGE.

Totals

Total revenue
$680,159
Total expenses
$846,004
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$673,970
Investment income
$1,294
Other revenue
$4,895
Total assets, end of year
$2,826,452
Total liabilities, end of year
$4,480,786
Net assets or fund balances, end of year
-$1,654,334
Program services expenses (Part IX)
$689,926
Management and general expenses
$156,078
Fundraising expenses
$0
Program service expenses (Part III)
$689,926

Program services were 81.6% 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: TENANT ASSISTANCE PAYM

    total $396,721 · related or exempt $396,721

  • 2b · Program service revenue: RENTAL INCOME

    total $277,249 · related or exempt $277,249

  • 3 · Investment income

    total $1,294 · excluded $1,294

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $4,743 · related or exempt $4,743

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $152 · related or exempt $152

  • 11e · Other revenue, total

    $4,895

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $182,981 · program services $169,309 · management and general $13,672

  • 8 · Pension plan contributions

    total $2,463 · program services $2,279 · management and general $184

  • 9 · Other employee benefits

    total $58,897 · program services $54,496 · management and general $4,401

  • 10 · Payroll taxes

    total $9,380 · program services $8,679 · management and general $701

  • 11a · Fees: management

    total $64,605 · management and general $64,605

  • 11b · Fees: legal

    total $48 · management and general $48

  • 11c · Fees: accounting

    total $21,467 · management and general $21,467

  • 11g · Fees: other

    total $72,359 · program services $49,464 · management and general $22,895

  • 13 · Office expenses

    total $20,612 · program services $10,841 · management and general $9,771

  • 16 · Occupancy

    total $96,398 · program services $83,974 · management and general $12,424

  • 19 · Conferences, conventions and meetings

    total $482 · program services $482

  • 22 · Depreciation, depletion and amortization

    total $214,530 · program services $214,530

  • 23 · Insurance

    total $35,561 · program services $35,561

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $65,073 · program services $59,505 · management and general $5,568

  • 24b · Other expenses: LICENSES AND PERMITS

    total $653 · program services $653

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $289 · management and general $289

  • 24d · Other expenses: TRANSPORTATION

    total $206 · program services $153 · management and general $53

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,314 · end of year $3,204

  • 4 · Accounts receivable

    beginning of year $8,575 · end of year $4,220

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,606 · end of year $17,555

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

    $7,819,621

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

    $5,367,414

  • 10c · Land, buildings and equipment, net

    beginning of year $2,634,224 · end of year $2,452,207

  • 15 · Other assets

    beginning of year $288,962 · end of year $349,266

  • 17 · Accounts payable and accrued expenses

    beginning of year $122,595 · end of year $67,192

  • 23 · Secured mortgages and notes payable

    beginning of year $4,171,475 · end of year $4,171,475

  • 25 · Other liabilities

    beginning of year $243,100 · end of year $242,119

  • 27 · Net assets without donor restrictions

    beginning of year -$1,488,489 · end of year -$1,654,334

Mission and programs · 2023

Mission

TO PROVIDE LOW INCOME HOUSING TO SENIORS/ELDERLY POPULATION.

Activities or mission (Part I)

TO PROVIDE LOW INCOME HOUSING TO SENIORS/ELDERY POPULATION.

  • OPERATION AND MAINTENANCE OF A 60-UNIT RESIDENTIAL APARTMENT BUILDING FOR THE ELDERLY PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.

    Expenses $689,926 · Revenue $678,865

As filed on the 2023 return.

Listed in Part VII

  • John Ruth

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Steven Jones

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Fr Brian McWeeney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rev Jeffery Koenig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Dr Abby Dux

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Nancy Graf-Peters

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Charles North

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Laraine Fellegara

    CEO

    Total calculated
    $456,571
    From this org
    $0
    From related orgs
    $413,450
    Other
    $43,121
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,450 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,488 related
    Nontaxable benefits
    $0 + $30,633 related
    Filer's total
    $0 + $456,571 related

  • Kathleen McEvoy

    DIRECTOR OF FINANCE

    Total calculated
    $163,249
    From this org
    $0
    From related orgs
    $138,427
    Other
    $24,822
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,427 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,345 related
    Nontaxable benefits
    $0 + $20,477 related
    Filer's total
    $0 + $163,249 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. 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

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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
2023
Filed
9 October 2024
IRS schema version
2023v5.1
Source object
202402889349300140

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