Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $7,135

• 1f · All other contributions, gifts and grants

  $355,119

• 2a · Program service revenue: PROPERTY DEVELOPMENT FEES

  total $182,000 · related or exempt $182,000

• 2b · Program service revenue: INTEREST INCOME-LOANS

  total $170,519 · related or exempt $170,519

• 2c · Program service revenue: LOAN ORIGINATION FEES

  total $58,999 · related or exempt $58,999

• 2d · Program service revenue: SERVICE INCOME

  total $50,959 · related or exempt $50,959

• 2e · Program service revenue: PAYMENT ON LOANS WRITTEN OFF

  total $1,143 · related or exempt $1,143

• 3 · Investment income

  total $14,631 · excluded $14,631

• 6a · Gross rents

  real property $1,710,239

• 6b · Less rental expenses

  real property $627,327

• 6c · Rental income or loss

  real property $1,082,912

• 6d · Net rental income or loss

  total $1,082,912 · related or exempt $1,082,912

• 7a · Gross sales of assets other than inventory

  securities $9,793 · other assets $386,700

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $307,394

• 7c · Gain or loss

  securities $9,793 · other assets $79,306

• 7d · Net gain or loss

  total $89,099 · related or exempt $79,306 · excluded $9,793

• 8a · Fundraising events: gross income

  $2,791

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $2,791 · excluded $2,791

• 10a · Gross sales of inventory

  $1,112,500

• 10b · Cost of goods sold

  $1,108,879

• 10c · Net income from sales of inventory

  total $3,621 · related or exempt $3,621

• 11a · Other revenue: ANNUAL MEETING

  total $25,850 · excluded $25,850

• 11e · Other revenue, total

  $25,850

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $485,577 · program services $368,566 · management and general $117,011

• 7 · Other salaries and wages

  total $364,469 · program services $276,642 · management and general $87,827

• 8 · Pension plan contributions

  total $17,936 · program services $13,614 · management and general $4,322

• 9 · Other employee benefits

  total $51,700 · program services $39,242 · management and general $12,458

• 10 · Payroll taxes

  total $64,494 · program services $48,953 · management and general $15,541

• 11b · Fees: legal

  total $400 · management and general $400

• 11c · Fees: accounting

  total $45,951 · program services $12 · management and general $45,939

• 11g · Fees: other

  total $2,860 · program services $706 · management and general $2,154

• 12 · Advertising and promotion

  total $81,093 · program services $2,905 · management and general $78,188

• 13 · Office expenses

  total $68,053 · program services $19,086 · management and general $48,967

• 14 · Information technology

  total $35,740 · program services $9,973 · management and general $25,767

• 16 · Occupancy

  total $33,661 · program services $9,111 · management and general $24,550

• 19 · Conferences, conventions and meetings

  total $48,786 · program services $3,467 · management and general $45,319

• 20 · Interest

  total $140,282 · program services $67,859 · management and general $72,423

• 22 · Depreciation, depletion and amortization

  total $303,278 · program services $265,918 · management and general $37,360

• 23 · Insurance

  total $26,437 · management and general $26,437

• 24a · Other expenses: MISCELLANEOUS

  total $80,858 · program services $78,854 · management and general $2,004

• 24b · Other expenses: CLIENT SERVICES

  total $25,217 · program services $24,410 · management and general $807

• 24c · Other expenses: BAD DEBT EXPENSE

  total $24,184 · program services $24,184

• 24d · Other expenses: BUILDING COALITION & PR

  total $5,988 · management and general $5,988

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,652,957 · end of year $2,784,162

• 2 · Savings and temporary cash investments

  beginning of year $359,366 · end of year $396,770

• 4 · Accounts receivable

  beginning of year $375,833 · end of year $324,515

• 7 · Other notes and loans receivable

  beginning of year $3,125,614 · end of year $4,645,132

• 8 · Inventories for sale or use

  beginning of year $1,380,451 · end of year $1,376,059

• 9 · Prepaid expenses and deferred charges

  beginning of year $31,530 · end of year $34,117

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

  $12,816,369

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

  $3,130,829

• 10c · Land, buildings and equipment, net

  beginning of year $9,656,713 · end of year $9,685,540

• 17 · Accounts payable and accrued expenses

  beginning of year $874,807 · end of year $906,495

• 19 · Deferred revenue

  beginning of year $190,932 · end of year $162,143

• 21 · Escrow or custodial account liability

  beginning of year $72,956 · end of year $130,506

• 23 · Secured mortgages and notes payable

  beginning of year $7,814,549 · end of year $10,259,199

• 25 · Other liabilities

  beginning of year $131,560 · end of year $127,553

• 27 · Net assets without donor restrictions

  beginning of year $7,050,344 · end of year $7,363,914

• 28 · Net assets with donor restrictions

  beginning of year $447,316 · end of year $296,485

The filer's explanations (Part III)

PART I, LINE 5

THE ORGANIZATION HAS AN ESTABLISHED BOARD APPROVED INCENTIVE PLAN.

PART I, LINE 6

THE ORGANIZATION HAS AN ESTABLISHED BOARD APPROVED INCENTIVE PLAN.