Form 990 for tax year 2022

1f · All other contributions, gifts and grants

$169,085

1g · Noncash contributions included above

$96,444

2a · Program service revenue: MORTGAGE DISCOUNT AMOR

total $85,307 · related or exempt $85,307

2b · Program service revenue: DISCOUNT ON NCHFA NOTE

total $21,472 · related or exempt $21,472

8a · Fundraising events: gross income

$33,835

8b · Fundraising events: direct expenses

$13,044

8c · Net income from fundraising events

total $20,791 · excluded $20,791

10a · Gross sales of inventory

$333,018

10b · Cost of goods sold

$211,303

10c · Net income from sales of inventory

total $121,715 · related or exempt $121,715

11a · Other revenue: HOMES TRANSFERRED

total $130,000 · related or exempt $130,000

11e · Other revenue, total

$130,000

5 · Compensation of officers, directors and key employees

total $56,269 · program services $56,269

7 · Other salaries and wages

total $82,863 · program services $40,590 · management and general $18,549 · fundraising $23,724

9 · Other employee benefits

total $3,878 · program services $2,699 · management and general $522 · fundraising $657

10 · Payroll taxes

total $10,480 · program services $7,260 · management and general $1,357 · fundraising $1,863

11b · Fees: legal

total $5,026 · management and general $5,026

11c · Fees: accounting

total $2,022 · management and general $2,022

13 · Office expenses

total $17,399 · program services $7,232 · management and general $10,167

20 · Interest

total $3,318 · management and general $3,318

22 · Depreciation, depletion and amortization

total $6,707 · program services $2,273 · management and general $4,434

23 · Insurance

total $15,763 · program services $4,390 · management and general $11,373

24a · Other expenses: COST OF HOMES TRANSFERR

total $130,779 · program services $130,779

24b · Other expenses: DISCOUNT ON NEW MORTGAG

total $78,953 · program services $78,953

24c · Other expenses: IMPUTED INTEREST ON LOA

total $28,095 · program services $28,095

24d · Other expenses: UTILITIES

total $5,157 · management and general $5,157

1 · Cash, non-interest-bearing

beginning of year $133,360 · end of year $116,606

3 · Pledges and grants receivable

beginning of year $13,918 · end of year $18,947

7 · Other notes and loans receivable

beginning of year $638,287 · end of year $614,268

8 · Inventories for sale or use

beginning of year $4,300 · end of year $4,467

9 · Prepaid expenses and deferred charges

beginning of year $6,905 · end of year $8,151

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

$1,086,240

10b · Land, buildings and equipment: accumulated depreciation

$236,584

10c · Land, buildings and equipment, net

beginning of year $891,447 · end of year $849,656

15 · Other assets

beginning of year $186,777 · end of year $344,020

17 · Accounts payable and accrued expenses

beginning of year $17,159 · end of year $51,187

23 · Secured mortgages and notes payable

beginning of year $571,172 · end of year $539,429

27 · Net assets without donor restrictions

beginning of year $1,209,465 · end of year $1,365,499

28 · Net assets with donor restrictions

beginning of year $77,198 · end of year $0