Form 990 for tax year 2023

What the amendment changed

Compared with the return it replaced , filed 14 November 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue

$1,026,842

Total expenses

$631,546

Contributions and grants received

$180,000

Grants paid

$0

Program service revenue

$823,600

Investment income

$23,242

Other revenue

$0

Total assets, end of year

$1,198,833

Total liabilities, end of year

$9,244

Net assets or fund balances, end of year

$1,189,589

Program services expenses (Part IX)

$455,146

Management and general expenses

$176,400

Fundraising expenses

$0

Program service expenses (Part III)

$455,146

Program services were 72.1% 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.

Mission and programs · 2023

• CLIMB: Community Lending Initiatives in Mortgage Banking is a technical assistance and capacity building service for CDFIs, lenders, and HUD-approved housing counseling organizations that work in homeownership services for low income populations and other underserved communities. HCA provides specialized services and industry experience to each organizations leadership to support sustainable lending products, partnerships, and delivery systems that increase access to credit and lending for underserved homebuyers.

  Expenses $218,361 · Revenue $254,000

• Equity Down Payment Assistance / Special Purpose Credit Program: Supporting LMI and BIPOC first time homebuyers with forgivable loans.

  Expenses $158,446 · Revenue $536,600

• Lender Services: HCAs team of experienced, NMLS licensed Underwriters work with mission-based organizations, nonprofit lenders, and community development financial institutions (CDFIs) to ensure them the highest quality of mortgage underwriting and down payment assistance delivery.

  Expenses $78,339 · Revenue $33,000

As filed on the 2023 return.

Listed in Part VII

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

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.

Provenance

Return type

form_990

Tax year

2023

Filed

14 November 2024

IRS schema version

2023v6.0

Source object

202502809349301495

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