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Nonprofiteer
← EAST LAKE HOUSING CORPORATION

Form 990 for tax year 2023

Filed by EAST LAKE HOUSING CORPORATION.

Totals

Total revenue
$379,803
Total expenses
$76,419
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$214,327
Other revenue
$165,476
Total assets, end of year
$15,963,397
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$15,963,397
Program services expenses (Part IX)
$76,419
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$76,419

Program services were 100.0% 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.

  • 3 · Investment income

    total $214,327 · related or exempt $214,327

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $165,476 · related or exempt $165,476

  • 11e · Other revenue, total

    $165,476

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,150 · program services $4,150

  • 24a · Other expenses: CONSULTING FEES

    total $72,000 · program services $72,000

  • 24b · Other expenses: BANK CHARGES

    total $139 · program services $139

  • 24c · Other expenses: TAXES & LICENSES

    total $130 · program services $130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $512,399 · end of year $435,980

  • 4 · Accounts receivable

    beginning of year $200 · end of year $165,676

  • 7 · Other notes and loans receivable

    beginning of year $14,481,535 · end of year $14,481,535

  • 15 · Other assets

    beginning of year $665,879 · end of year $880,206

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $15,660,013 · end of year $15,963,397

Mission and programs · 2023

Mission

REVITALIZE ATLANTA'S LOW-INCOME EAST LAKE COMMUNITY.

  • EXPENSES RELATED TO THE REDEVELOPMENT OF EASTLAKE MEADOWS, A TROUBLED FEDERAL HOUSING PROJECT LOCATED INTHE EAST LAKE COMMUNITY OF ATLANTA, GEORGIA, INTO A MIXEDINCOME COMMUNITY WITH SUPPORTIVE AMENITIES AND SERVICES FORITS RESIDENTS.

    Expenses $76,419 · Revenue $379,803

As filed on the 2023 return.

Listed in Part VII

  • Lillian Giornelli

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Sam Moss

    PRESIDENT

    Total calculated
    $72,000
    From this org
    $0
    From related orgs
    $72,000
    Other
    $0
    Hours/week
    1 + 1 related

  • Carol Naughton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Rick Bent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • Illham Askia

    DIRECTOR

    Total calculated
    $223,997
    From this org
    $0
    From related orgs
    $215,270
    Other
    $8,727
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $215,270 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,727 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $223,997 related

  • Meisha White

    TREASURER

    Total calculated
    $156,361
    From this org
    $0
    From related orgs
    $127,458
    Other
    $28,903
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,458 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $28,903 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $156,361 related

  • Catherine Woodling

    SECRETARY

    Total calculated
    $188,922
    From this org
    $0
    From related orgs
    $172,084
    Other
    $16,838
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,084 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,838 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $188,922 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Related corporations and trusts

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

  • EAST LAKE PHASE III LLC

    C · REAL ESTATE INVESTMENT · GA · 100% owned · share of income -$27 · share of assets -$190

    Directly controlled by E LAKE HSNG CO

  • VOEL REFI SPE LLC

    C · REAL ESTATE INVESTMENT · GA · 100% owned · share of income -$39 · share of assets $396,829

    Directly controlled by E LAKE HSNG CO

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443179349307709

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