Totals
- Total revenue
- $4,392,961
- Total expenses
- $3,700,553
- Contributions and grants received
- $333,889
- Grants paid
- $0
- Program service revenue
- $3,683,045
- Investment income
- $47,262
- Other revenue
- $328,765
- Total assets, end of year
- $15,194,823
- Total liabilities, end of year
- $13,259,398
- Net assets or fund balances, end of year
- $1,935,425
- Program services expenses (Part IX)
- $3,206,747
- Management and general expenses
- $493,806
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,206,747
Program services were 86.7% 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.
-
1e · Government grants (contributions)
$333,889
-
2a · Program service revenue: RENTAL INCOME
total $3,683,045 · related or exempt $3,683,045
-
3 · Investment income
total $47,262 · excluded $47,262
-
11a · Other revenue: OTHER INCOME
total $205,839 · related or exempt $205,839
-
11b · Other revenue: TENANT CHARGES
total $122,926 · related or exempt $122,926
-
11e · Other revenue, total
$328,765
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $120,000 · management and general $120,000
-
7 · Other salaries and wages
total $899,775 · program services $899,775
-
12 · Advertising and promotion
total $46,562 · program services $17,958 · management and general $28,604
-
20 · Interest
total $250,419 · program services $250,419
-
22 · Depreciation, depletion and amortization
total $427,330 · program services $427,330
-
23 · Insurance
total $191,576 · program services $191,576
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $380,546 · program services $380,546
-
24b · Other expenses: UTILITIES
total $293,413 · program services $293,413
-
24c · Other expenses: GENERAL AND ADMINISTRAT
total $261,550 · program services $261,550
-
24d · Other expenses: NONCONTROLLING INTEREST
total $261,505 · program services $261,505
-
24e · All other expenses
total $567,877 · program services $222,675 · management and general $345,202
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,173,250 · end of year $5,168,961
-
4 · Accounts receivable
beginning of year $100,767 · end of year $208,414
-
9 · Prepaid expenses and deferred charges
beginning of year $296,212 · end of year $70,219
-
10a · Land, buildings and equipment: cost or other basis
$18,230,276
-
10b · Land, buildings and equipment: accumulated depreciation
$8,483,047
-
10c · Land, buildings and equipment, net
beginning of year $8,399,767 · end of year $9,747,229
-
17 · Accounts payable and accrued expenses
beginning of year $355,959 · end of year $284,423
-
19 · Deferred revenue
beginning of year $20,618 · end of year $19,206
-
23 · Secured mortgages and notes payable
beginning of year $7,766,904 · end of year $11,113,586
-
25 · Other liabilities
beginning of year $1,583,498 · end of year $1,842,183
-
27 · Net assets without donor restrictions
beginning of year $1,243,017 · end of year $1,935,425
Mission and programs · 2023
Mission
TO PROVIDE HIGH QUALITY, INNOVATIVE SOLUTIONS TO MEET THE NEEDS FOR FAMILY HOUSING, AND DELIVER IMPORTANT RESOURCES TO STABILIZE AND IMPROVE THE HEALTH OF DALLAS COMMUNITIES.
Activities or mission (Part I)
AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS
-
REHABILITATED, DEVELOPED, AND MANAGED AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS.
Expenses $3,206,747 · Revenue $4,011,810
As filed on the 2023 return.
Listed in Part VII
-
Jason BrownJASON BROWN
PRESIDENT
- Total calculated
- $120,000
- From this org
- $120,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Stephanie BehringSTEPHANIE BEHRING
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 5
-
Tim MaidenTIM MAIDEN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Justin ParadiseJUSTIN PARADISE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kourtney MasonKOURTNEY MASON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ebony JonesEBONY JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tamara JohnsonTAMARA JOHNSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
FIVE MILE FLATS LLC
RENTAL OPERATIONS · TX · income $728,649 · assets $5,397,909
-
IMAGINE COMMUNITY LLC
RENTAL OPERATIONS · TX · income $0 · assets $0
-
BECKLEY LLC
RENTAL OPERATIONS · TX · income -$5,631 · assets $969,065
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 July 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541959349302209
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