Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $496,598

• 1f · All other contributions, gifts and grants

  $3,619,317

• 1g · Noncash contributions included above

  $436,219

• 2a · Program service revenue: SALE TO HOMEOWNERS

  total $4,837,500 · related or exempt $4,837,500

• 2b · Program service revenue: RESTORE SALES

  total $4,647,044 · related or exempt $4,647,044

• 2c · Program service revenue: MORTGAGE DISCOUNT REVE

  total $533,612 · related or exempt $533,612

• 2f · All other program service revenue

  total $742,752 · related or exempt $742,752

• 3 · Investment income

  total $77,836 · excluded $77,836

• 7a · Gross sales of assets other than inventory

  other assets $56,478

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

  other assets $12,245

• 7c · Gain or loss

  other assets $44,233

• 7d · Net gain or loss

  total $44,233 · excluded $44,233

• 8a · Fundraising events: gross income

  $140,000

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

  $496,598

• 8b · Fundraising events: direct expenses

  $649,622

• 8c · Net income from fundraising events

  total -$509,622 · excluded -$509,622

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $19,476 · related or exempt $19,476

• 11e · Other revenue, total

  $19,476

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $122,856 · program services $122,856

• 2 · Grants to domestic individuals

  total $811,928 · program services $811,928

• 5 · Compensation of officers, directors and key employees

  total $658,749 · program services $494,062 · management and general $82,344 · fundraising $82,343

• 7 · Other salaries and wages

  total $3,269,806 · program services $3,012,436 · management and general $51,206 · fundraising $206,164

• 8 · Pension plan contributions

  total $113,729 · program services $106,383 · management and general $990 · fundraising $6,356

• 9 · Other employee benefits

  total $372,550 · program services $334,792 · management and general $11,832 · fundraising $25,926

• 10 · Payroll taxes

  total $302,237 · program services $269,855 · management and general $10,697 · fundraising $21,685

• 11b · Fees: legal

  total $33,962 · program services $33,962

• 11c · Fees: accounting

  total $45,817 · program services $1,867 · management and general $43,950

• 11f · Fees: investment management

  total $16,740 · management and general $16,740

• 11g · Fees: other

  total $1,201,807 · program services $1,201,807

• 12 · Advertising and promotion

  total $35,485 · program services $7,206 · fundraising $28,279

• 13 · Office expenses

  total $74,365 · program services $29,761 · management and general $43,091 · fundraising $1,513

• 14 · Information technology

  total $87,656 · program services $13,124 · management and general $66,974 · fundraising $7,558

• 16 · Occupancy

  total $193,208 · program services $129,983 · management and general $61,875 · fundraising $1,350

• 17 · Travel

  total $6,843 · program services $3,840 · management and general $2,392 · fundraising $611

• 19 · Conferences, conventions and meetings

  total $34,149 · program services $10,648 · management and general $23,047 · fundraising $454

• 20 · Interest

  total $55,051 · program services $53,804 · management and general $1,247

• 22 · Depreciation, depletion and amortization

  total $120,412 · program services $120,412

• 23 · Insurance

  total $232,975 · program services $154,816 · management and general $73,308 · fundraising $4,851

• 24a · Other expenses: COST OF CONSTRUCTION

  total $5,100,198 · program services $5,100,198

• 24b · Other expenses: EQUIPMENT RENTAL

  total $664,371 · program services $644,860 · management and general $19,511

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $194,488 · program services $126,448 · management and general $68,040

• 24d · Other expenses: TOOLS AND SUPPLIES

  total $118,277 · program services $87,862 · management and general $23,467 · fundraising $6,948

• 24e · All other expenses

  total $328,377 · program services $105,223 · management and general $182,820 · fundraising $40,334

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,185,030 · end of year $8,291,233

• 2 · Savings and temporary cash investments

  beginning of year $511,101 · end of year $459,349

• 3 · Pledges and grants receivable

  beginning of year $7,707,806 · end of year $4,175,776

• 4 · Accounts receivable

  beginning of year $185,317 · end of year $148,200

• 7 · Other notes and loans receivable

  beginning of year $4,905,117 · end of year $4,536,621

• 8 · Inventories for sale or use

  beginning of year $536,124 · end of year $472,862

• 9 · Prepaid expenses and deferred charges

  beginning of year $256,519 · end of year $391,714

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

  $2,056,997

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

  $1,153,997

• 10c · Land, buildings and equipment, net

  beginning of year $986,830 · end of year $903,000

• 13 · Investments: program-related

  beginning of year $6,853,889 · end of year $9,701,945

• 15 · Other assets

  beginning of year $284,581 · end of year $1,418,630

• 17 · Accounts payable and accrued expenses

  beginning of year $567,639 · end of year $1,010,794

• 19 · Deferred revenue

  beginning of year $126,500 · end of year $15,600

• 21 · Escrow or custodial account liability

  beginning of year $241,474 · end of year $237,084

• 23 · Secured mortgages and notes payable

  beginning of year $4,753,617 · end of year $6,028,665

• 25 · Other liabilities

  beginning of year $0 · end of year $1,111,678

• 27 · Net assets without donor restrictions

  beginning of year $5,819,230 · end of year $10,617,650

• 28 · Net assets with donor restrictions

  beginning of year $15,903,854 · end of year $11,477,859

The filer's explanations (Part III)

PART I, LINE 7

CEO WAS PAID A LONG TERM AND SHORT TERM INCENTIVE BONUS PAID OUT IN A LUMP SUM.