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Nonprofiteer
← WALNUT HILLS REDEVELOPMENT FOUNDATION INC

Form 990 for tax year 2023

Filed by WALNUT HILLS REDEVELOPMENT FOUNDATION INC.

Totals

Total revenue
$1,940,002
Total expenses
$1,749,539
Contributions and grants received
$1,547,391
Grants paid
$632,742
Program service revenue
$553,001
Investment income
$829
Other revenue
-$161,219
Total assets, end of year
$7,828,900
Total liabilities, end of year
$3,734,124
Net assets or fund balances, end of year
$4,094,776
Program services expenses (Part IX)
$1,578,209
Management and general expenses
$158,233
Fundraising expenses
$13,097
Program service expenses (Part III)
$1,578,209

Program services were 90.2% 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.

  • 1c · Fundraising events

    $38,700

  • 1e · Government grants (contributions)

    $778,509

  • 1f · All other contributions, gifts and grants

    $730,182

  • 2a · Program service revenue: Mgmt. and developer fee

    total $0 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Ground Lease landominiums

    total $42,946 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Rental of low-income apartments

    total $359,092 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Rental of commercial space

    total $81,650 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Program income, facade improvements

    total $69,313 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $525 · unrelated business $0 · excluded $525

  • 7a · Gross sales of assets other than inventory

    securities $304

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

    securities $0

  • 7c · Gain or loss

    securities $304

  • 7d · Net gain or loss

    total $304 · related or exempt $0 · unrelated business $0 · excluded $304

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $38,700

  • 8b · Fundraising events: direct expenses

    $8,291

  • 8c · Net income from fundraising events

    total -$8,291 · unrelated business $0 · excluded -$8,291

  • 10a · Gross sales of inventory

    $405,001

  • 10b · Cost of goods sold

    $787,046

  • 10c · Net income from sales of inventory

    total -$382,045 · related or exempt -$382,045

  • 11a · Other revenue: Miscellaneous Revenue

    total $11,566 · related or exempt $0 · unrelated business $0 · excluded $11,566

  • 11b · Other revenue: Development manager shared salary

    total $17,551 · related or exempt $0 · unrelated business $0 · excluded $17,551

  • 11c · Other revenue: Gain from loan forgiveness

    total $200,000 · related or exempt $200,000 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $229,117

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $632,742 · program services $632,742

  • 5 · Compensation of officers, directors and key employees

    total $86,018 · program services $75,696 · management and general $6,881 · fundraising $3,441

  • 7 · Other salaries and wages

    total $182,776 · program services $160,843 · management and general $14,622 · fundraising $7,311

  • 8 · Pension plan contributions

    total $1,553 · program services $1,367 · management and general $124 · fundraising $62

  • 9 · Other employee benefits

    total $35,628 · program services $31,353 · management and general $2,850 · fundraising $1,425

  • 10 · Payroll taxes

    total $21,448 · program services $18,874 · management and general $1,716 · fundraising $858

  • 11a · Fees: management

    total $24,004 · program services $0 · management and general $24,004 · fundraising $0

  • 11b · Fees: legal

    total $12,112 · program services $0 · management and general $12,112 · fundraising $0

  • 11c · Fees: accounting

    total $50,651 · program services $0 · management and general $50,651 · fundraising $0

  • 13 · Office expenses

    total $16,675 · program services $0 · management and general $16,675 · fundraising $0

  • 16 · Occupancy

    total $6,600 · program services $0 · management and general $6,600 · fundraising $0

  • 20 · Interest

    total $97,682 · program services $97,682 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $70,199 · program services $70,199 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $62,652 · program services $59,404 · management and general $3,248 · fundraising $0

  • 24a · Other expenses: Real estate taxes

    total $81,408 · program services $81,408 · management and general $0 · fundraising $0

  • 24b · Other expenses: Other program expenses

    total $15,076 · program services $15,076 · management and general $0 · fundraising $0

  • 24c · Other expenses: Relationship development

    total $354 · program services $0 · management and general $354 · fundraising $0

  • 24d · Other expenses: Property Maintenance

    total $91,180 · program services $91,180 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $260,781 · program services $242,385 · management and general $18,396 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $404,070 · end of year $555,768

  • 2 · Savings and temporary cash investments

    beginning of year $209,876 · end of year $370,994

  • 3 · Pledges and grants receivable

    beginning of year $83,400 · end of year $371,585

  • 4 · Accounts receivable

    beginning of year $86,116 · end of year $93,870

  • 7 · Other notes and loans receivable

    beginning of year $286,500 · end of year $286,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,775 · end of year $10,845

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

    $1,371,582

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

    $284,054

  • 10c · Land, buildings and equipment, net

    beginning of year $1,931,474 · end of year $1,087,528

  • 11 · Investments: publicly traded securities

    beginning of year $3,652 · end of year $3,627

  • 13 · Investments: program-related

    beginning of year $5,211,928 · end of year $5,048,183

  • 15 · Other assets

    beginning of year $139,301

  • 17 · Accounts payable and accrued expenses

    beginning of year $191,089 · end of year $709,818

  • 19 · Deferred revenue

    beginning of year $1,680 · end of year $6,450

  • 23 · Secured mortgages and notes payable

    beginning of year $4,065,907 · end of year $2,779,360

  • 25 · Other liabilities

    beginning of year $202,905 · end of year $238,496

  • 27 · Net assets without donor restrictions

    beginning of year $3,306,759 · end of year $3,525,848

  • 28 · Net assets with donor restrictions

    beginning of year $598,752 · end of year $568,928

Mission and programs · 2023

Mission

We are a non-profit community development corporation working to enhance the quality of life in Walnut Hills. Vision: A Walnut Hills that is vibrant, safe, healthy, and inclusive for all.

  • To improve the infastructure of businesses in Walnut Hills by granting funds to businesses and business owners in the neighborhood.Improvement of neighborhood safety, beautification, business development and cohesive community.

    Expenses $936,846 · Revenue $69,313

  • Includes the management and development of safe decent housing in the neighborhood and commercial development.

    Expenses $205,614 · Revenue $124,596

  • Low-income housing property in the Walnut Hills neighborhood

    Expenses $435,749 · Revenue $368,342

As filed on the 2023 return.

Listed in Part VII

  • Samantha Miller

    Executive Director

    Total calculated
    $87,968
    From this org
    $83,533
    From related orgs
    $0
    Other
    $4,435
    Hours/week
    47

  • Matt Cuff

    President, start of 2023

    Total calculated
    $0
    Hours/week
    5

  • Alena Speed

    Vice President beg 2023, President by end of 2023

    Total calculated
    $0
    Hours/week
    5

  • Kevin Tighe

    Secretary

    Total calculated
    $0
    Hours/week
    5

  • Ed Herzig

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • David Lopez-Kurtz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Maria Walley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ryan Frew

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marvin Abrinica

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jordan Finley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Allen Woods

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rae Vuic

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Danielle Wagoner

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Zahki Davis

    Trustee

    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.

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.

  • FIVE POINTS ALLEY LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF

  • BREWSTER BLENDS LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF

  • WHRF HOLDINGS II LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF

  • DAHLIA DEALINGS LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF

  • GILBERT TAFT DEVELOPMENT CORP

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF

  • FIREHOUSE ROW HOLDINGS LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF

  • 793 EAST MCMILLAN LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF

  • WHRF AWAKENS LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF

  • WHRF PARTNERS LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by WHRF&PS2LLC

  • PSQUARE LLC

    URBAN REDEVELOPMENT · OH

    Directly controlled by PARAMOUNT SQUARE LLC

  • WHRF Holdings III LLC

    Urban Redevelopment · OH

    Directly controlled by WHRF

  • WHRF Holdings LLC

    Urban Redevelopment · OH

  • WHRF Alexandra LLC

    Low-income housing · OH

    Directly controlled by WHRF

  • WHRF Holdings V LLC

    Urban Redevelopment · OH

    Directly controlled by WHRF

  • WHRF Peebles LLC

    Urban Redevelopment · OH

    Directly controlled by WHRF

  • WHRF Holdings IV LLC

    Urban Redevelopoment · OH

    Directly controlled by WHRF

  • WHRF PLAUNCH LLC

    Urban Redevelopment · OH

    Directly controlled by WHRF

  • WHRF Durner LLC

    Urban Redevelopment · OH

    Directly controlled by WHRF

Related partnerships

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

  • Paramount Square Commissary LLC

    related · Commercial real estate rental · OH · 5% owned · general or managing partner

    Directly controlled by WHRF Partners LLC and TMG Investment Group II LLC

  • Paramount Square II Leverage Lender LLC

    related · Commercial real estate rental · OH · 1% owned

    Directly controlled by WHRF Partners LLC and other

  • Paramount Square LLC

    related · Commerical real estate rental · OH · 5% owned

    Directly controlled by PSQUARE LLC and other

  • PS 2 LLC

    related · Commercial real estate rental · OH · 3% owned

    Directly controlled by WHRF Partners LLC and other

  • Lincoln & Gilbert Family LLC

    related · Residental real estate rental · OH · 0.01% owned

  • Peebles Apartments LP

    related · Residental and commercial real estate rental · OH · 0% owned · general or managing partner

  • Launch Leverage Lender LLC

    related · mixed-use real estate · OH · 0% owned

  • Paramount Launch LLC

    related · mixed-use real estate · OH · 0% owned

  • PL Durner LLC

    related · mixed-use real estate · OH · 0% owned

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202413199349316226

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