Totals
- Total revenue
- $6,694,602
- Total expenses
- $12,222,325
- Contributions and grants received
- $41,687
- Grants paid
- $0
- Program service revenue
- $6,583,550
- Investment income
- $69,365
- Other revenue
- $0
- Total assets, end of year
- $104,884,681
- Total liabilities, end of year
- $117,657,517
- Net assets or fund balances, end of year
- -$12,772,836
- Program services expenses (Part IX)
- $12,222,325
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,222,325
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)
$41,687
-
2a · Program service revenue: RENTAL REVENUE
total $5,492,170 · related or exempt $5,492,170
-
2b · Program service revenue: INTER-ENTITY REVENUE
total $793,324 · related or exempt $793,324
-
2c · Program service revenue: OTHER REVENUE
total $298,056 · related or exempt $298,056
-
3 · Investment income
total $69,365 · excluded $69,365
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $1,820,644 · program services $1,820,644
-
11b · Fees: legal
total $106,890 · program services $106,890
-
11c · Fees: accounting
total $37,275 · program services $37,275
-
11g · Fees: other
total $1,249,169 · program services $1,249,169
-
13 · Office expenses
total $266,559 · program services $266,559
-
14 · Information technology
total $149,898 · program services $149,898
-
16 · Occupancy
total $2,070,778 · program services $2,070,778
-
17 · Travel
total $30,222 · program services $30,222
-
19 · Conferences, conventions and meetings
total $18,133 · program services $18,133
-
20 · Interest
total $993,799 · program services $993,799
-
22 · Depreciation, depletion and amortization
total $2,591,443 · program services $2,591,443
-
23 · Insurance
total $424,756 · program services $424,756
-
24a · Other expenses: BUILDING OPERATIONS
total $2,060,100 · program services $2,060,100
-
24b · Other expenses: BUILDING SUPPLIES
total $266,657 · program services $266,657
-
24c · Other expenses: ASSOCIATION DUES
total $89,339 · program services $89,339
-
24d · Other expenses: PERMITS & FEES
total $41,581 · program services $41,581
-
24e · All other expenses
total $5,082 · program services $5,082
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $941,438 · end of year $1,628,016
-
2 · Savings and temporary cash investments
beginning of year $4,288,691 · end of year $3,838,791
-
4 · Accounts receivable
beginning of year $488,467 · end of year $854,987
-
7 · Other notes and loans receivable
beginning of year $273,200 · end of year $287,569
-
8 · Inventories for sale or use
beginning of year $441,022 · end of year $452,675
-
9 · Prepaid expenses and deferred charges
beginning of year $5,137 · end of year $6,265
-
10a · Land, buildings and equipment: cost or other basis
$98,707,478
-
10b · Land, buildings and equipment: accumulated depreciation
$46,694,251
-
10c · Land, buildings and equipment, net
beginning of year $64,310,600 · end of year $52,013,227
-
13 · Investments: program-related
beginning of year $8,427,308 · end of year $41,802,687
-
15 · Other assets
beginning of year $3,743,317 · end of year $4,000,464
-
17 · Accounts payable and accrued expenses
beginning of year $9,974,132 · end of year $13,886,805
-
19 · Deferred revenue
beginning of year $270,319 · end of year $328,268
-
23 · Secured mortgages and notes payable
beginning of year $68,492,495 · end of year $86,151,208
-
25 · Other liabilities
beginning of year $10,230,467 · end of year $17,291,236
-
27 · Net assets without donor restrictions
beginning of year -$6,048,233 · end of year -$12,772,836
Mission and programs · 2023
Mission
THE CORPORATION SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF PROJECT FOR PRIDE IN LIVING, A MINNESOTA NONPROFIT ORGANIZATION.
Activities or mission (Part I)
PPL PROPERTIES HAS BEEN FORMED AS A SUPPORTING ORGANIZATION TO A NONPROFIT, TAX-EXEMPT CHARITABLE MINNESOTA CORPORATION, PROJECT FOR PRIDE IN LIVING, INC. (PPL). THE MISSION OF PPL IS TO WORK WITH LOWER-INCOME INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER SELF-SUFFICIENCY THROUGH HOUSING, EMPLOYMENT TRAINING, EDUCATION AND SUPPORT SERVICES. TO THIS END, PPL PROPERTIES SHALL OWN MEMBERSHIP INTERESTS IN LIMITED LIABILITY COMPANIES THAT HOLD AND MANAGE REAL ESTATE DEVOTED TO USE AS AFFORDABLE HOUSING FOR LOWER-INCOME INDIVIDUALS AND FAMILIES. PPL PROPERTIES ALSO PARTICIPATES AS A PARTNER IN GENERAL AND/OR LIMITED PARTNERSHIPS THAT OWN AND MANAGE REAL PROPERTY, ALL FOR THE BENEFIT OF PPL.
-
PPL PROPERTIES OWNS MEMBERSHIP INTERESTS IN OVER 30 SINGLE-MEMBER LIMITED LIABILITY COMPANIES THAT HOLD AND MANAGE REAL ESTATE DEVOTED TO USE AS AFFORDABLE HOUSING FOR LOWER-INCOME INDIVIDUALS AND FAMILIES. SEE SCHEDULE R FOR A FULL LIST.PPL PROPERTIES ALSO PARTICIPATES AS A PARTNER IN GENERAL AND/OR LIMITED PARTNERSHIPS THAT OWN AND MANAGE REAL PROPERTY, ALL FOR THE BENEFIT OF PPL, IN FUTURE YEARS.PPL PROPERTIES IS THE SOLE OWNER OF OTHER WHOLLY OWNED LLCS WHICH CONSISTS OF: A COMMUNITY CENTER THAT HOUSES A PPL PROGRAM, THE SERVICE CENTER WHICH IS THE HEADQUARTERS OF PPL'S ADMINISTRATIVE OFFICES AND ONSITE TRAINING CENTER (FRANKLIN THEATER), AND AN ENTITY WHICH ACQUIRES, REHABILITATES, AND SELLS SINGLE FAMILY HOMES TO LOW INCOME BUYERS IN NORTH MINNEAPOLIS.
Expenses $12,222,325 · Revenue $6,583,550
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael LafaveMICHAEL LAFAVE
PRESIDENT THROUGH OCTOBER 2023
- Total calculated
- $176,520
- From this org
- $0
- From related orgs
- $172,069
- Other
- $4,451
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $172,069 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $3,578 related
- Nontaxable benefits
- $0 + $873 related
- Filer's total
- $0 + $176,520 related
-
Paul WilliamsPAUL WILLIAMS
VICE PRESIDENT
- Total calculated
- $395,104
- From this org
- $0
- From related orgs
- $363,956
- Other
- $31,148
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $321,956 related
- Bonus
- $0 + $42,000 related
- Other
- $0
- Deferred
- $0 + $13,405 related
- Nontaxable benefits
- $0 + $17,743 related
- Filer's total
- $0 + $395,104 related
-
Scott CordesSCOTT CORDES
TREASURER
- Total calculated
- $250,706
- From this org
- $0
- From related orgs
- $240,056
- Other
- $10,650
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $223,056 related
- Bonus
- $0 + $17,000 related
- Other
- $0
- Deferred
- $0 + $9,602 related
- Nontaxable benefits
- $0 + $1,048 related
- Filer's total
- $0 + $250,706 related
-
Leslie SeabergLESLIE SEABERG
SECRETARY
- Total calculated
- $111,394
- From this org
- $0
- From related orgs
- $98,906
- Other
- $12,488
- Hours/week
- 2 + 40 related
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
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- OFFICERS OF PPL RECEIVED A BONUS PAYMENT FOR PERFORMANCE IN 2023 THAT WAS INCLUDED IN TAXABLE COMPENSATION AND WAS REPORTED ON THE 2023 FORM W-2. THE NON-FIXED BONUS PAYMENT WAS DETERMINED BY THE HR COMMITTEE OF THE BOARD OF DIRECTORS WITHIN THE PARAMETERS OF THE EMPLOYMENT AGREEMENT BETWEEN THE OFFICERS AND THE ORGANIZATION.
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.
-
PROJECT FOR PRIDE IN LIVING INC
501(C)(3) · PARENT COMPANY · MN
Directly controlled by PROJECT FOR PRIDE IN LIVING INC
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.
-
AFFORDABLE AT UNION
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $6,261,607
Directly controlled by PPL PROPERTIES
-
APPLE VALLEY LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
ARMADILLO FLATS LLC
AFFORDABLE RENTAL HOUSING · MN · income $241,513 · assets $249,601
Directly controlled by PPL PROPERTIES
-
ELLIOT PARK COMMONS LLC
AFFORDABLE RENTAL HOUSING · MN · income $271,598 · assets $1,032,639
Directly controlled by PPL PROPERTIES
-
EMMA NORTON LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
FORD SITE LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
HDS TRANSITION HOUSE LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
INV HAWTHORNE ECOVILLAGE LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $506,973
Directly controlled by PPL PROPERTIES
-
MIDTOWN EXCHANGE CONDOS ON THE GREENWAY LLC
CONDOMINIUM ASSOCIATION · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $159,291 · assets $633,792
Directly controlled by PPL PROPERTIES
-
PPL ADMIN LLC
ORGANIZATION'S OFFICE BUILDING · MN · income $424,483 · assets $8,311,303
Directly controlled by PPL PROPERTIES
-
PPL ADYC LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $101,577 · assets $1,396,074
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $1,113
Directly controlled by PPL PROPERTIES
-
PPL ANISHINABE LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL BASS LAKE APARTMENTS LLC
AFFORDABLE RENTAL HOUSING · MN · income $97,723 · assets $373,360
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $379,934 · assets $1,582,239
Directly controlled by PPL PROPERTIES
-
PPL BETHLEHEM COMMUNITY CENTER
TRAINING FACILITY · MN · income $145,656 · assets $504,476
Directly controlled by PPL PROPERTIES
-
PPL BLOOMINGTON LAKE PROJECT LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL BOONE AVENUE APARTMENTS LLC
AFFORDABLE RENTAL HOUSING · MN · income $477,362 · assets $4,125,503
Directly controlled by PPL PROPERTIES
-
PPL COLLABORATIVE VILLAGE LLC
AFFORDABLE RENTAL HOUSING · MN · income $319,044 · assets $3,479,329
Directly controlled by PPL PROPERTIES
-
PPL COLLEGE HOUSE LLC
PROGRAM FACILITY · MN · income $0 · assets $367,416
Directly controlled by PPL PROPERTIES
-
PPL CVI LLC
AFFORDABLE RENTAL HOUSING · MN · income $310,701 · assets $3,493,941
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $10,759
Directly controlled by PPL PROPERTIES
-
PPL DOUBLE FLATS LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $114,291 · assets $1,186,410
Directly controlled by PPL PROPERTIES
-
AFFORDABLE HOUSING SALES · MN · income $0 · assets $55
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $195,179 · assets $2,275,206
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $43,616
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $1,106,719
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $2,021 · assets $36,029
Directly controlled by PPL PROPERTIES
-
AFFORDABLE HOUSING SALES · MN · income $2,654 · assets $669,784
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $220,790 · assets $2,095,835
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $350,898 · assets $2,310,694
Directly controlled by PPL PROPERTIES
-
PPL LEARNING CENTER LLC
TRAINING FACILITY · MN · income $188,595 · assets $2,013,262
Directly controlled by PPL PROPERTIES
-
PPL LINDEN PARK CONDOS LLC
CONDOMINIUM ASSOCIATION · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL LORING NICOLLET COMMUNITY CENTER LLC
TRAINING FACILITY · MN · income $0 · assets $412,698
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL ON PORTLAND LLC
AFFORDABLE RENTAL HOUSING · MN · income $9,951 · assets $226,203
Directly controlled by PPL PROPERTIES
-
PPL OXFORD GREEN LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $2,495
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $225,516 · assets $768,742
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $335,292 · assets $1,623,407
Directly controlled by PPL PROPERTIES
-
PPL SIMPSON HOUSING LLC
AFFORDABLE RENTAL HOUSING · MN · income $16,843 · assets $432,219
Directly controlled by PPL PROPERTIES
-
PPL SOUTHSIDE LLC
AFFORDABLE RENTAL HOUSING · MN · income $562,831 · assets $5,045,207
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $362,672
Directly controlled by PPL PROPERTIES
-
PPL WILKINS TOWNHOMES LLC
AFFORDABLE RENTAL HOUSING · MN · income $7 · assets $802,866
Directly controlled by PPL PROPERTIES
-
PPL YOUTHLINK LLC
AFFORDABLE HOUSING · MN · income $0 · assets $70
Directly controlled by PPL PROPERTIES
-
PPLCH VAN CLEVE APARTMENTS EAST LLC
AFFORDABLE RENTAL HOUSING · MN · income $474,663 · assets $5,073,235
Directly controlled by PPL PROPERTIES
-
PPLNF COMMUNITY LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL PROSPERITY VILLAGE LLC
AFFORDABLE RENTAL HOUSING · MN · income $261,019 · assets $1,851,857
Directly controlled by PPL PROPERTIES
-
VAN CLEVE COURT DEVELOPMENT LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $821
Directly controlled by PPL PROPERTIES
-
VILLAGE INVESTMENTS LLC
AFFORDABLE RENTAL HOUSING · MN · income $232,391 · assets $574,453
Directly controlled by PPL PROPERTIES
-
PPL CR2 LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL SSC LLC
AFFORDABLE RENTAL HOUSING · MN · income $503,218 · assets $5,052,559
Directly controlled by PPL PROPERTIES
-
PPL BAA LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL LAKE AND BLOOM LIMITED PARTNERSHIP
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL 3430 UNIVERSITY LLC
AFFORDABLE RENTAL HOUSING · MN · income $30,000 · assets $4,092,291
Directly controlled by PPL PROPERTIES
-
PPL SLP LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL EMMA NORTON LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
PPL FORD WORKFORCE LLC
AFFORDABLE RENTAL HOUSING · MN · income $0 · assets $0
Directly controlled by PPL PROPERTIES
-
SOUTHSIDE COMMUNITY LP
AFFORDABLE RENTAL HOUSING · MN · income $562,831 · assets $5,045,207
Directly controlled by PPL PROPERTIES
-
PPL LOUISIANA COURT LP
AFFORDABLE RENTAL HOUSING · MN · income $1,518,362 · assets $5,590,021
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
ANISHINABE BII GII WIIN LP
AFFORDABLE RENTAL HOUSING · MN
-
CRESTVIEW COMMUNITY LP
AFFORDABLE RENTAL HOUSING · MN
-
HAMLINE STATION FAMILY HOUSING LP
AFFORDABLE RENTAL HOUSING · MN
-
HAMLINE STATION LP
AFFORDABLE RENTAL HOUSING · MN
-
HAWTHORNE ECOVILLAGE LP
AFFORDABLE RENTAL HOUSING · MN
-
NORTH SIDE COMMUNITY LP
AFFORDABLE RENTAL HOUSING · MN
-
NORTHSIDE HOME LLC
RELATED · AFFORDABLE HOUSING · MN · 50% owned
-
OXFORD VILLAGE LP
AFFORDABLE RENTAL HOUSING · MN
-
PPL BASS LAKE COURT LP
AFFORDABLE RENTAL HOUSING · MN
-
PPL DECC LP
AFFORDABLE RENTAL HOUSING · MN
-
PPL WEST 7TH HOUSING LP
AFFORDABLE RENTAL HOUSING · MN
-
TOUCHSTONE COMMUNITY LP
AFFORDABLE RENTAL HOUSING · MN
-
VAN CLEVE APARTMENTS EAST LP
AFFORDABLE RENTAL HOUSING · MN
-
VAN CLEVE APARTMENTS WEST LP
AFFORDABLE RENTAL HOUSING · MN
-
PPL YOUTHLINK COMMUNITY LP
AFFORDABLE RENTAL HOUSING · MN
-
PPL ADYC LLC
AFFORDABLE RENTAL HOUSING · MN
-
JOSEPH SELVAGGIO INITIATIVE LP
AFFORDABLE RENTAL HOUSING · MN
-
ADYC SUPPORTIVE HOUSING LP
AFFORDABLE RENTAL HOUSING · MN
-
PPL BUNGE LP
AFFORDABLE RENTAL HOUSING · MN
-
ANISHINABE III SUPPORTIVE HOUSING LP
AFFORDABLE RENTAL HOUSING · MN
-
NELLIE FRANCIS COURT LP
AFFORDABLE RENTAL HOUSING · MN
-
EMMA NORTON PPL LP
AFFORDABLE RENTAL HOUSING · MN
-
PPL NICLAKE LP
AFFFORDABLE RENTAL HOUSING · MN
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
PPL SERVICE CORPORATION
C · AFFORDABLE HOUSING · MN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349316046
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.