Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $774,130,467

• 2a · Program service revenue: HUD Management Fees

  total $23,235,267 · related or exempt $23,235,267

• 2b · Program service revenue: Tenant Rental Revenue

  total $1,249,504 · related or exempt $1,249,504

• 3 · Investment income

  total $458,223 · excluded $458,223

• 11a · Other revenue: Other Income

  total $778,489 · excluded $778,489

• 11e · Other revenue, total

  $778,489

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,581,978 · program services $3,581,978

• 2 · Grants to domestic individuals

  total $774,130,467 · program services $774,130,467

• 5 · Compensation of officers, directors and key employees

  total $569,436 · program services $427,077 · management and general $142,359

• 7 · Other salaries and wages

  total $4,849,947 · program services $3,637,460 · management and general $1,212,487

• 8 · Pension plan contributions

  total $650,325 · program services $487,744 · management and general $162,581

• 9 · Other employee benefits

  total $1,009,179 · program services $756,884 · management and general $252,295

• 11a · Fees: management

  total $58,848 · program services $44,136 · management and general $14,712

• 11b · Fees: legal

  total $1,013,998 · program services $202,800 · management and general $811,198

• 11c · Fees: accounting

  total $86,941 · management and general $86,941

• 12 · Advertising and promotion

  total $31,811 · program services $31,811

• 13 · Office expenses

  total $117,052 · program services $87,789 · management and general $29,263

• 16 · Occupancy

  total $3,097,091 · program services $2,322,818 · management and general $774,273

• 17 · Travel

  total $291,208 · program services $218,406 · management and general $72,802

• 22 · Depreciation, depletion and amortization

  total $477,892 · program services $358,419 · management and general $119,473

• 23 · Insurance

  total $447,451 · program services $335,588 · management and general $111,863

• 24a · Other expenses: Other Expenses

  total $525,359 · program services $394,017 · management and general $131,342

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $42,738,199 · end of year $46,268,160

• 2 · Savings and temporary cash investments

  beginning of year $6,900,575 · end of year $7,931,266

• 3 · Pledges and grants receivable

  beginning of year $60,941 · end of year $96,335

• 7 · Other notes and loans receivable

  beginning of year $614,385 · end of year $411,124

• 9 · Prepaid expenses and deferred charges

  beginning of year $170,592 · end of year $328,596

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

  $19,598,045

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

  $2,581,937

• 10c · Land, buildings and equipment, net

  beginning of year $10,009,627 · end of year $17,016,108

• 15 · Other assets

  beginning of year $231,119 · end of year $265,235

• 17 · Accounts payable and accrued expenses

  beginning of year $951,015 · end of year $1,083,583

• 18 · Grants payable

  end of year $2,375,000

• 25 · Other liabilities

  beginning of year $88,137 · end of year $258,988

• 27 · Net assets without donor restrictions

  beginning of year $58,490,831 · end of year $67,306,595

• 28 · Net assets with donor restrictions

  beginning of year $1,195,455 · end of year $1,292,658

The filer's explanations (Part III)

Part I, Line 4a

Vernell Johnson - $37,274 in serverance payments

Part I, Line 5

Performance pay tied to percentage of available administrative fees earned for contract administration.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Navigate Communities LLC

  AL

• Navigate Communities Four Winds East LLC

  AL

• Navigate Asset Management LLC

  AL

• Navigate Communities St Charles Villas LLC

  AL

• The Community Revilalization Fund LLC

  AL

• Marc Steel Holding LLC

  AL

• 5th Avenue Holdings LLC

  AL