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Nonprofiteer
← BEACON 360 MANAGEMENT INC

Form 990 for tax year 2022

Filed by BEACON 360 MANAGEMENT INC.

Totals

Total revenue
$619,001
Total expenses
$1,008,925
Contributions and grants received
$0
Grants paid
$3,097
Program service revenue
$565,616
Investment income
$11,670
Other revenue
$41,715
Total assets, end of year
$3,416,072
Total liabilities, end of year
$245,046
Net assets or fund balances, end of year
$3,171,026
Program services expenses (Part IX)
$1,007,727
Management and general expenses
$1,198
Fundraising expenses
$0
Program service expenses (Part III)
$1,007,727

Program services were 99.9% 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: MANAGEMENT & CONSULTAT

    total $565,616 · related or exempt $565,616

  • 3 · Investment income

    total $11,670 · excluded $11,670

  • 11a · Other revenue: OTHER REVENUE

    total $41,715 · related or exempt $41,715

  • 11e · Other revenue, total

    $41,715

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,097 · program services $3,097

  • 5 · Compensation of officers, directors and key employees

    total $107,985 · program services $107,985

  • 7 · Other salaries and wages

    total $683,806 · program services $683,806

  • 11b · Fees: legal

    total $1,272 · program services $1,272

  • 12 · Advertising and promotion

    total $1,965 · program services $1,965

  • 13 · Office expenses

    total $107,481 · program services $107,481

  • 14 · Information technology

    total $5,788 · program services $5,788

  • 16 · Occupancy

    total $1,548 · program services $1,548

  • 17 · Travel

    total $27,475 · program services $27,475

  • 19 · Conferences, conventions and meetings

    total $26,605 · program services $26,605

  • 22 · Depreciation, depletion and amortization

    total $4,123 · program services $4,123

  • 23 · Insurance

    total $4,341 · program services $4,341

  • 24a · Other expenses: TAXES AND LICENSES

    total $13,235 · program services $13,235

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $11,198 · program services $10,000 · management and general $1,198

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $9,006 · program services $9,006

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,092 · end of year $210,908

  • 7 · Other notes and loans receivable

    beginning of year $3,548,852 · end of year $3,171,646

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,871 · end of year $1,553

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

    $33,550

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

    $5,063

  • 10c · Land, buildings and equipment, net

    beginning of year $27,344 · end of year $28,487

  • 15 · Other assets

    beginning of year $2,802 · end of year $3,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $242,075 · end of year $245,046

  • 27 · Net assets without donor restrictions

    beginning of year $3,556,886 · end of year $3,171,026

Mission and programs · 2022

Mission

TO PROVIDE INDIVIDUALS AND FAMILIES WITH AFFORDABLE HOUSING SOLUTIONS THAT WILL BE IMPACTFUL ENOUGH TO TRANSFORM LIVES FOR THE BETTER.

  • PROVIDES PROPERTY DEVELOPMENT, MANAGEMENT AND CONSULTATION SERVICES TO AFFORDABLE HOUSING COMMUNITIES.

    Expenses $1,007,727 · Grants $3,097 · Revenue $607,331

As filed on the 2022 return.

Listed in Part VII

  • Daniel L Hunt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Fred Booker

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • Edwina McIntyre

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 13 related

  • Luevoka Powe

    RECORDER

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • Jay C Finklea

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Stan E Ford

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7.5 related

  • Cassandra Hicks

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5.5 related

  • Michael A Noble

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Ray A Jones

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Celia M Kendall

    CEO

    Total calculated
    $107,985
    From this org
    $101,145
    From related orgs
    $0
    Other
    $6,840
    Hours/week
    40 + 20 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.

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.

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.

  • HARRIET'S HOPE COLUMBUS LLC

    RENTAL REAL ESTATE · OH · income -$1 · assets $1,561,841

    Directly controlled by BEACON 360 MANAGEMENT INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • HARRIET'S HOPE LLC

    RENTAL REAL ESTATE · OH · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WASHINGTON SQUARE PERMANENT HOUSING

    C · SENIOR/LOW-INCOME HOUSING · OH

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349307455

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