Totals
- Total revenue
- $38,395
- Total expenses
- $593
- Contributions and grants received
- $50,000
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$11,605
- Total assets, end of year
- $487,853
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $487,853
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $593
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1f · All other contributions, gifts and grants
$50,000
-
6a · Gross rents
real property $10,464
-
6b · Less rental expenses
real property $22,069
-
6c · Rental income or loss
real property -$11,605
-
6d · Net rental income or loss
total -$11,605 · related or exempt -$11,605
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $264 · management and general $264
-
13 · Office expenses
total $203 · management and general $203
-
24a · Other expenses: BANK FEES
total $126 · management and general $126
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $450,051 · end of year $81,720
-
10a · Land, buildings and equipment: cost or other basis
$416,871
-
10b · Land, buildings and equipment: accumulated depreciation
$10,738
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $406,133
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $450,051 · end of year $487,853
Mission and programs · 2022
Mission
TO IMPROVE THE LIVES OF INDIVIDUALS AND FAMILIES BY PROVIDING AFFORDABLE HOUSING
Activities or mission (Part I)
COMPASS FOUNDATION IS ENGAGED TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES. DEFINED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) STANDARDS FOR ALLOWABLE INCOME AND RENTS WITHIN MIAMI, FL, AND THE SURRONDING COMMUNITIES OF MIAMI-DADE COUNTY.
-
COMPASS FOUNDATION WAS ORGANIZED IN 2020 AND IMMEDIATELY BEGAN THE PROCESS OF OBTAINING EXEMPT STATUS WITH THE IRS. WE ARE STRIVING TO IMPROVE THE LIVES OF FAMILIES ACROSS AMERICA BY PROVIDING LOW TO MODERATE INCOME HOUSING.
As filed on the 2022 return.
Listed in Part VII
-
Igor DorovskikhIGOR DOROVSKIKH
PRESIDENT
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331289349304118
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