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Nonprofiteer
← RDOOR HOUSING CORPORATION

Form 990 for tax year 2022

Filed by RDOOR HOUSING CORPORATION.

Totals

Total revenue
$13,928,693
Total expenses
$15,142,278
Contributions and grants received
$5,323,762
Grants paid
$0
Program service revenue
$8,465,646
Investment income
$139,285
Other revenue
$0
Total assets, end of year
$52,294,627
Total liabilities, end of year
$47,635,432
Net assets or fund balances, end of year
$4,659,195
Program services expenses (Part IX)
$15,142,278
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$15,142,278

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.

  • 1e · Government grants (contributions)

    $5,170,182

  • 1f · All other contributions, gifts and grants

    $153,580

  • 2a · Program service revenue: RESIDENT COMMUNITY INCOME

    total $8,096,994 · related or exempt $8,096,994

  • 2b · Program service revenue: CONSULTING FEES

    total $191,073 · related or exempt $191,073

  • 2c · Program service revenue: DEVELOPER FEE INCOME

    total $121,532 · related or exempt $121,532

  • 2d · Program service revenue: ASSET MGT FEES

    total $39,827 · related or exempt $39,827

  • 2e · Program service revenue: MISCELLANEOUS

    total $16,220 · related or exempt $16,220

  • 3 · Investment income

    total $139,285 · excluded $139,285

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $156,902 · program services $156,902

  • 7 · Other salaries and wages

    total $1,731,957 · program services $1,731,957

  • 8 · Pension plan contributions

    total $16,242 · program services $16,242

  • 9 · Other employee benefits

    total $142,473 · program services $142,473

  • 10 · Payroll taxes

    total $169,295 · program services $169,295

  • 11a · Fees: management

    total $1,972,524 · program services $1,972,524

  • 11b · Fees: legal

    total $53,076 · program services $53,076

  • 11c · Fees: accounting

    total $98,816 · program services $98,816

  • 12 · Advertising and promotion

    total $319,947 · program services $319,947

  • 13 · Office expenses

    total $186,003 · program services $186,003

  • 16 · Occupancy

    total $2,373,018 · program services $2,373,018

  • 20 · Interest

    total $1,501,659 · program services $1,501,659

  • 22 · Depreciation, depletion and amortization

    total $1,143,046 · program services $1,143,046

  • 23 · Insurance

    total $341,429 · program services $341,429

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $2,506,998 · program services $2,506,998

  • 24b · Other expenses: UTILITIES

    total $1,198,307 · program services $1,198,307

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $441,846 · program services $441,846

  • 24d · Other expenses: DEVELOPMENT COSTS

    total $283,664 · program services $283,664

  • 24e · All other expenses

    total $505,076 · program services $505,076

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,939,867 · end of year $3,067,574

  • 4 · Accounts receivable

    beginning of year $1,586,021 · end of year $2,180,579

  • 7 · Other notes and loans receivable

    beginning of year $7,555,079 · end of year $7,425,790

  • 9 · Prepaid expenses and deferred charges

    beginning of year $809,292 · end of year $1,126,232

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

    $43,961,516

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

    $9,708,129

  • 10c · Land, buildings and equipment, net

    beginning of year $34,425,500 · end of year $34,253,387

  • 14 · Intangible assets

    beginning of year $724,583 · end of year $657,750

  • 15 · Other assets

    beginning of year $3,262,609 · end of year $3,583,315

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,115,094 · end of year $1,737,265

  • 19 · Deferred revenue

    beginning of year $623,219 · end of year $641,009

  • 23 · Secured mortgages and notes payable

    beginning of year $45,420,348 · end of year $44,643,460

  • 25 · Other liabilities

    beginning of year $271,510 · end of year $613,698

  • 27 · Net assets without donor restrictions

    beginning of year $5,872,780 · end of year $4,659,195

Mission and programs · 2022

Mission

TO PROMOTE AND PROVIDE LOW AND MODERATE INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

  • TO PROMOTE AND PROVIDE LOW AND MODERATE INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

    Expenses $15,142,278 · Revenue $8,465,646

As filed on the 2022 return.

Listed in Part VII

  • Bruce Baird

    PRESIDENT

    Total calculated
    $156,902
    From this org
    $156,902
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,902
    Bonus
    $20,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $156,902

  • Walter Friehofer

    CHAIRMAN/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Kathy Overbey

    VICE-CHAIRWOMAN/SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Kathleen Lara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Mary Trujillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Patricia Gamble-Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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

  • 3 · Approval by the board or compensation committee

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.

Disregarded entities

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

  • MAH BRAEBURN VILLAGE LLC

    LOW INCOME HOUSING · IN · income -$338,484 · assets $23,220,720

  • MAH MIDTOWN FLATS LLC

    AFFORDABLE HOUSING · IN · income -$301,328 · assets $7,337,243

  • MAH CG HOLDINGS LLC

    AFFORDABLE HOUSING · IN · income -$385,831 · assets $3,254,663

  • MAH MARBLEHEAD LLC

    AFFORDABLE HOUSING · IN · income -$104,027 · assets $1,058,340

  • MAH STETSON HOLDINGS LLC

    AFFORDABLE HOUSING · IN · income -$149,229 · assets $2,289,039

  • MAH RENTAL ASSISTANCE FUND LLC

    AFFORDABLE HOUSING · IN · income $18,699 · assets $525,697

  • MAH MAPLETON PROPERTIES LLC

    AFFORDABLE HOUSING · IN · income $99,715 · assets $1,845,463

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TURTLE CREEK NORTH LP

    RELATED · AFFORDABLE HOUSING · IN · 1% owned · share of income $431 · share of assets $59,755 · general or managing partner

    Directly controlled by MULTI FAMILY REDEV FUND

  • MERICI VILLAGE APTS LP

    RELATED · LOW INCOME HOUSING · IN · 0.01% owned · share of income -$10 · share of assets $255 · general or managing partner

    Directly controlled by MERICI GP

  • MAH NORTHSIDE FLATS LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$60 · share of assets $1,589 · general or managing partner

    Directly controlled by MAH NORTHSIDE GP

  • MAH CONCORD COMMONS II LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$54 · share of assets $1,808 · general or managing partner

    Directly controlled by MAH CONCORD II GP

  • MAH WOODLAKE VILLAGE I LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$113 · share of assets $2,515 · general or managing partner

    Directly controlled by MAH WOODLAKE I GP

  • MAH CEDAR GLEN LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$35 · share of assets $1,334 · general or managing partner

    Directly controlled by MAH CEDAR GLEN LLC

Related corporations and trusts

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

  • MERICI VILLAGE GP INC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$10 · share of assets $255

  • MAH NORTHSIDE GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$60 · share of assets $1,589

  • MULTIFAMILY REDEVEL FOUNDATION

    C · LOW INCOME HOUSING · IN · 100% owned · share of income $431 · share of assets $59,755

  • MAH CONCORD II GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$54 · share of assets $1,808

  • MAH WOODLAKE I GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$113 · share of assets $2,515

  • MAH CEDAR GLEN GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$35 · share of assets $1,334

  • MULTIFAMILY REDEVEL FOUNDATION INC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$84,105 · share of assets $11,393

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202333179349301713

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