Skip to content
Nonprofiteer
← HARC III HOUSING INC

Form 990 for tax year 2023

Filed by HARC III HOUSING INC.

Totals

Total revenue
$162,892
Total expenses
$198,247
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$162,490
Investment income
$402
Other revenue
$0
Total assets, end of year
$200,869
Total liabilities, end of year
$793,261
Net assets or fund balances, end of year
-$592,392
Program services expenses (Part IX)
$167,016
Management and general expenses
$31,231
Fundraising expenses
$0
Program service expenses (Part III)
$167,016

Program services were 84.2% 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: RENTAL INCOME - PERSON

    total $162,490 · related or exempt $162,490

  • 3 · Investment income

    total $402 · excluded $402

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $33,581 · program services $10,800 · management and general $22,781

  • 11c · Fees: accounting

    total $8,450 · management and general $8,450

  • 11g · Fees: other

    total $1,024 · program services $1,024

  • 13 · Office expenses

    total $10,262 · program services $10,262

  • 20 · Interest

    total $36,736 · program services $36,736

  • 23 · Insurance

    total $7,616 · program services $7,616

  • 24a · Other expenses: UTILITIES

    total $52,718 · program services $52,718

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $32,283 · program services $32,283

  • 24c · Other expenses: VEHICLE EXPENSE

    total $15,577 · program services $15,577

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $45,955 · end of year $44,858

  • 4 · Accounts receivable

    beginning of year $5,015 · end of year $5,015

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

    $1,068,880

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

    $917,884

  • 10c · Land, buildings and equipment, net

    beginning of year $150,996 · end of year $150,996

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,217 · end of year $2,929

  • 23 · Secured mortgages and notes payable

    beginning of year $460,951 · end of year $417,533

  • 25 · Other liabilities

    beginning of year $294,835 · end of year $372,799

  • 27 · Net assets without donor restrictions

    beginning of year -$557,037 · end of year -$592,392

Mission and programs · 2023

Mission

PROVIDES LOW-INCOME HOUSING FOR PERSONS WITH INTELLECTUAL DISABILITIES.

Activities or mission (Part I)

PROVIDES LOW-INCOME HOUSING FOR PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

  • HARC III PROVIDES LOW-INCOME HOUSING TO 30 INTELLECTUALLY DISABLED ADULTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND REGULATED BY HUD.

    Expenses $167,016 · Revenue $162,490

As filed on the 2023 return.

Listed in Part VII

  • Brian Pflaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Regulus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Nancy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Stephanie Hunt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jack Knight

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Chris Stewart

    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.

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
2 April 2025
IRS schema version
2023v6.0
Source object
202521699349300527

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.