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Nonprofiteer
← VOLUNTEER HOUSING MANAGEMENT CORPORATION INC

Form 990 for tax year 2022

Filed by VOLUNTEER HOUSING MANAGEMENT CORPORATION INC.

Totals

Total revenue
$108,798
Total expenses
$254,350
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$108,797
Investment income
$1
Other revenue
$0
Total assets, end of year
$1,355,601
Total liabilities, end of year
$657,649
Net assets or fund balances, end of year
$697,952
Program services expenses (Part IX)
$156,642
Management and general expenses
$97,708
Fundraising expenses
$0
Program service expenses (Part III)
$156,642

Program services were 61.6% 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.

  • 2a · Program service revenue: TENANT RENT

    total $108,647 · related or exempt $108,647

  • 2b · Program service revenue: LATE AND DAMAGE INCOME

    total $150 · related or exempt $150

  • 3 · Investment income

    total $1 · excluded $1

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $10,088 · program services $10,088

  • 11b · Fees: legal

    total $4,423 · management and general $4,423

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 11g · Fees: other

    total $82,757 · management and general $82,757

  • 12 · Advertising and promotion

    total $133 · program services $133

  • 13 · Office expenses

    total $1,528 · management and general $1,528

  • 20 · Interest

    total $5,471 · program services $5,471

  • 22 · Depreciation, depletion and amortization

    total $54,479 · program services $54,479

  • 23 · Insurance

    total $11,487 · program services $11,487

  • 24a · Other expenses: REPAIRS & MAINT.

    total $52,820 · program services $52,820

  • 24b · Other expenses: UTILITIES

    total $18,478 · program services $18,478

  • 24c · Other expenses: BAD DEBTS

    total $3,657 · program services $3,657

  • 24d · Other expenses: PROPERTY TAXES

    total $29 · program services $29

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $354,990 · end of year $185,409

  • 4 · Accounts receivable

    beginning of year $16,439 · end of year $7,339

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,173 · end of year $6,173

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

    $2,190,741

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

    $1,050,502

  • 10c · Land, buildings and equipment, net

    beginning of year $977,851 · end of year $1,140,239

  • 15 · Other assets

    beginning of year $208,683 · end of year $16,441

  • 17 · Accounts payable and accrued expenses

    beginning of year $107,175 · end of year $72,064

  • 23 · Secured mortgages and notes payable

    beginning of year $143,666 · end of year $115,761

  • 25 · Other liabilities

    beginning of year $469,791 · end of year $469,824

  • 27 · Net assets without donor restrictions

    beginning of year $843,504 · end of year $697,952

Mission and programs · 2022

Mission

HOUSING FOR LOW AND VERY LOW INCOME PERSONS AND FAMILIES.

Activities or mission (Part I)

HOUSING FOR LOW AND VERY LOW INCOME PERSONS AND FAMILIES

  • TO PROVIDE AFFORDABLE HOUSING FOR LOW AND VERY LOW INCOME PERSONS AND FAMILIES.

    Expenses $156,642 · Revenue $108,797

As filed on the 2022 return.

Listed in Part VII

  • Kay Hale

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Joe Benthal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Barbara Raper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Lane Wolfenbarger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Chris Horn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jack Yates

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Barbara Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Bill Mitrik

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Megan Barnard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Will Sliger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Susan Luker

    EXECUTIVE VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

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.

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.

Related corporations and trusts

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

  • CENTURY PROPERTIES INC

    C · REAL ESTATE MANAGEMENT · TN

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2023
IRS schema version
2022v5.0
Source object
202312409349300871

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