Totals
- Total revenue
- $3,863,030
- Total expenses
- $4,276,923
- Contributions and grants received
- $1,006,941
- Grants paid
- $0
- Program service revenue
- $2,764,820
- Investment income
- $91,269
- Other revenue
- $0
- Total assets, end of year
- $9,616,898
- Total liabilities, end of year
- $405,523
- Net assets or fund balances, end of year
- $9,211,375
- Program services expenses (Part IX)
- $3,983,733
- Management and general expenses
- $293,190
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,983,733
Program services were 93.1% 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.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,006,941
-
2a · Program service revenue: HOME LOTS & HOUSES
total $2,540,300 · related or exempt $2,540,300
-
2b · Program service revenue: RENTAL INCOME
total $224,520 · related or exempt $224,520
-
3 · Investment income
total $91,269 · related or exempt $91,269
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $248,780 · program services $248,780
-
7 · Other salaries and wages
total $1,179,641 · program services $942,574 · management and general $237,067
-
11c · Fees: accounting
total $36,847 · program services $32,955 · management and general $3,892
-
13 · Office expenses
total $15,667 · program services $10,643 · management and general $5,024
-
16 · Occupancy
total $18,114 · program services $3,504 · management and general $14,610
-
17 · Travel
total $32,819 · program services $32,698 · management and general $121
-
22 · Depreciation, depletion and amortization
total $85,805 · program services $85,805
-
23 · Insurance
total $88,485 · program services $88,485
-
24a · Other expenses: COSTS OF LOTS AND HOUSES
total $2,337,651 · program services $2,337,651
-
24b · Other expenses: CONSTRUCTION SUPPORT
total $103,466 · program services $103,466
-
24c · Other expenses: OTHER
total $76,658 · program services $74,658 · management and general $2,000
-
24d · Other expenses: TELEPHONE
total $19,922 · program services $12,322 · management and general $7,600
-
24e · All other expenses
total $33,068 · program services $10,192 · management and general $22,876
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,411,140 · end of year $1,548,483
-
3 · Pledges and grants receivable
beginning of year $77,523 · end of year $214,813
-
4 · Accounts receivable
beginning of year $338,646 · end of year $412,998
-
7 · Other notes and loans receivable
beginning of year $523,713 · end of year $504,121
-
8 · Inventories for sale or use
beginning of year $4,571,087 · end of year $4,854,894
-
10a · Land, buildings and equipment: cost or other basis
$3,140,249
-
10b · Land, buildings and equipment: accumulated depreciation
$1,100,593
-
10c · Land, buildings and equipment, net
beginning of year $2,034,639 · end of year $2,039,656
-
15 · Other assets
beginning of year $3,648 · end of year $41,933
-
17 · Accounts payable and accrued expenses
beginning of year $56,697 · end of year $102,598
-
19 · Deferred revenue
beginning of year $278,431 · end of year $264,640
-
25 · Other liabilities
end of year $38,285
-
27 · Net assets without donor restrictions
beginning of year $9,491,313 · end of year $9,045,005
-
28 · Net assets with donor restrictions
beginning of year $133,955 · end of year $166,370
Mission and programs · 2022
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE SAFE, DECENT AND AFFORDABLE HOUSING TO VERY LOW TO MODERATE INCOME INDIVIDUALS AND IMPROVE THE ECONOMIC CONDITIONS OF THE COMMUNITIES WE SERVE.
Activities or mission (Part I)
TO PROVIDE TECHNICAL ASSISTANCE TO VERY LOW TO MODERATE INCOME HOME BUYERS, THROUGH A SELF-HELP HOUSING INITIATIVE.
-
USDA RURAL HOUSING SECTION 523 GRANT PROVIDES ADMINISTRATIVE FUNDING THAT ENABLES OUR ORGANIZATION TO PROVIDE VERY LOW AND LOW INCOME FAMILIES AND INDIVIDUALS AFFORDABLE HOUSING THROUGH A SELF-HELP HOUSING INITIATIVE. FAMILIES ENROLLED IN OUR PROGRAM RECEIVE EXTENSIVE BUDGET AND CREDIT COUNSELING, HOMEBUYER EDUCATION AND FORECLOSURE PREVENTATION COUNSELING AND WORKSHOPS. ALL COUNSELING AND WORKSHOPS ARE FREE TO PARTICIPANTS. SUCCESSFUL PARTICIPANTS MUSST HAVE SUFFICIENT INCOME AND CREDIT SCORES TO OBTAIN MORTGAGE LOANS. PARTICIPANTS PROVIDE LABOR (SWEAT EQUITY) ON THIER HOMES TO LOWER COSRS TO MAKE MORTGAGES MORE AFFORDABLE. OUR EXPERIENCED STAFF PROVIDES EACH PARTICIPANT WITH TECHNICAL ASSISTANCE IN LOAN APPLICATIONS, LOAN PROCESSING, SUBCONTRACTOR COMPLIANCE, SUBCONTRACTOR SCHEDULING, COLOR SELECTIONS, PLANS AND ENGINEERING,, LOT SELECTIONS AND LABOR TRAINING TO COMPLETE TASKS ON THEIR HOMES. ALL GRANT INCOME FUNDS SUPPORT ADMINISTRATIVE FUNCTIONS IN CONNECTION WITH THIS PROGRAM.
Expenses $3,983,733 · Revenue $2,764,820
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kenneth GoodwinKENNETH GOODWIN
EXECUTIVE DI
- Total calculated
- $138,625
- From this org
- $138,625
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Crystal VinesCRYSTAL VINES
DIRECTOR OF
- Total calculated
- $110,155
- From this org
- $110,155
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Vernon FullerVERNON FULLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Carol A JohnsonCAROL A JOHNSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ernesto Gonzalez-ChavezERNESTO GONZALEZ-CHAVEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dori MadisonDORI MADISON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
John H Christian IIJOHN H CHRISTIAN II
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Timothy BridgesTIMOTHY BRIDGES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Helena S RyanHELENA S RYAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Marilyn C PerkinsMARILYN C PERKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jimmie L WallerJIMMIE L WALLER
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 2
-
Mary TuckerMARY TUCKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Erika JasperDR ERIKA JASPER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333069349301223
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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