Form 990 for tax year 2023
Filed by HAYWOOD STREET COMMUNITY DEVELOPMENT.
Totals
- Total revenue
- $2,486,572
- Total expenses
- $155,706
- Contributions and grants received
- $2,453,941
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $32,631
- Other revenue
- $0
- Total assets, end of year
- $6,437,086
- Total liabilities, end of year
- $933,671
- Net assets or fund balances, end of year
- $5,503,415
- Program services expenses (Part IX)
- $134,591
- Management and general expenses
- $17,937
- Fundraising expenses
- $3,178
- Program service expenses (Part III)
- $134,591
Program services were 86.4% 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.
-
1f · All other contributions, gifts and grants
$2,453,941
-
3 · Investment income
total $32,631 · unrelated business $0 · excluded $32,631
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $105,852 · program services $105,852 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $6,289 · program services $0 · management and general $6,289 · fundraising $0
-
11g · Fees: other
total $4,364 · program services $2,006 · management and general $1,750 · fundraising $608
-
13 · Office expenses
total $7,623 · program services $315 · management and general $6,836 · fundraising $472
-
14 · Information technology
total $4,685 · program services $2,764 · management and general $0 · fundraising $1,921
-
16 · Occupancy
total $14,352 · program services $13,921 · management and general $431 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $9,501 · program services $9,501 · management and general $0 · fundraising $0
-
23 · Insurance
total $859 · program services $0 · management and general $859 · fundraising $0
-
24a · Other expenses: Miscellaneous
total $421 · program services $232 · management and general $12 · fundraising $177
-
24b · Other expenses: West Haywood Street
total $1,760 · program services $0 · management and general $1,760 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,167,253 · end of year $459,406
-
2 · Savings and temporary cash investments
end of year $3,285,710
-
3 · Pledges and grants receivable
beginning of year $281,582 · end of year $140,625
-
10a · Land, buildings and equipment: cost or other basis
$2,549,846
-
10b · Land, buildings and equipment: accumulated depreciation
$9,501
-
10c · Land, buildings and equipment, net
beginning of year $1,916,501 · end of year $2,540,345
-
15 · Other assets
beginning of year $11,000 · end of year $11,000
-
17 · Accounts payable and accrued expenses
beginning of year $190,076 · end of year $184,671
-
19 · Deferred revenue
end of year $749,000
-
27 · Net assets without donor restrictions
beginning of year $603,923 · end of year $1,153,935
-
28 · Net assets with donor restrictions
beginning of year $2,582,337 · end of year $4,349,480
Mission and programs · 2023
Mission
To build high quality, deeply affordable housing designed with dignity and built for belonging.
-
HSCD completed the planned redesign after the purchase of an additional parcel of land adjacent to the parcels purchased in 2022. Efforts of infrastructure development and site work continue to support the mission of building deeply affordable housing with accompanying ministries. A management fee contract is in place between Haywood Street Congregation and Haywood Street Community Development to provide necessary functions such as fundraising, accounts receivable and payable.
Expenses $134,591
As filed on the 2023 return.
Listed in Part VII
-
McKenzie Dillingham
Chair
- Total calculated
- $0
- Hours/week
- 5
-
Meredith Ellison
Vice Chair
- Total calculated
- $0
- Hours/week
- 5
-
Dale Freudenberger
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Kathy Robinson
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Walker Strickland
Officer at Large
- Total calculated
- $0
- Hours/week
- 5
-
Donna Ball
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jim Barrett
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Mark Collins
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Tyrone Greenlee
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bill Haggard
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Pamela Hamick
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Corry Hyde
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bridget King
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Jeanette King
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Carrie Pettler
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Caroline Proctor
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Bill Robinson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Teresa Stephens
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Paul West
Board Member
- Total calculated
- $0
- Hours/week
- 2
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.
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.
-
501(c)3 · Church · NC · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412259349302466
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