Form 990 for tax year 2023
Filed by AFFORDABLE HOUSING ASSOCIATES INC.
Totals
- Total revenue
- $46,430
- Total expenses
- $59,420
- Contributions and grants received
- $30,468
- Grants paid
- $0
- Program service revenue
- $15,494
- Investment income
- $468
- Other revenue
- $0
- Total assets, end of year
- $485,854
- Total liabilities, end of year
- $1,138,927
- Net assets or fund balances, end of year
- -$653,073
- Program services expenses (Part IX)
- $43,814
- Management and general expenses
- $15,606
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $43,814
Program services were 73.7% 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)
$30,468
-
2a · Program service revenue: RENT INCOME
total $15,494 · related or exempt $15,494
-
3 · Investment income
total $468 · excluded $468
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $9,944 · program services $2,498 · management and general $7,446
-
9 · Other employee benefits
total $3,534 · program services $1,308 · management and general $2,226
-
10 · Payroll taxes
total $738 · management and general $738
-
11a · Fees: management
total $2,928 · management and general $2,928
-
11c · Fees: accounting
total $1,267 · management and general $1,267
-
13 · Office expenses
total $813 · program services $813
-
17 · Travel
total $338 · program services $338
-
22 · Depreciation, depletion and amortization
total $20,733 · program services $20,733
-
23 · Insurance
total $2,001 · program services $1,400 · management and general $601
-
24a · Other expenses: MAINTENANCE
total $6,718 · program services $6,718
-
24b · Other expenses: PROPERTY TAXES
total $5,188 · program services $5,188
-
24c · Other expenses: UTILITIES
total $4,462 · program services $4,462
-
24d · Other expenses: MISC EXPENSES
total $400 · management and general $400
-
24e · All other expenses
total $356 · program services $356
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,453 · end of year $13,742
-
2 · Savings and temporary cash investments
beginning of year $54,486 · end of year $54,842
-
4 · Accounts receivable
beginning of year $10,034
-
9 · Prepaid expenses and deferred charges
end of year $1,960
-
10a · Land, buildings and equipment: cost or other basis
$1,270,667
-
10b · Land, buildings and equipment: accumulated depreciation
$860,120
-
10c · Land, buildings and equipment, net
beginning of year $431,280 · end of year $410,547
-
15 · Other assets
beginning of year $2,201 · end of year $4,763
-
17 · Accounts payable and accrued expenses
beginning of year $6,527 · end of year $2,183
-
19 · Deferred revenue
end of year $561
-
23 · Secured mortgages and notes payable
beginning of year $1,133,983 · end of year $1,133,983
-
25 · Other liabilities
beginning of year $6,027 · end of year $2,200
-
27 · Net assets without donor restrictions
beginning of year -$691,983 · end of year -$704,973
-
28 · Net assets with donor restrictions
beginning of year $51,900 · end of year $51,900
Mission and programs · 2023
Mission
PROVIDE LOW INCOME HOUSING AND LOW INCOME HOUSING ASSISTANCE TO THE ELDERLY AND DISABLED.
-
PROVIDE LOW INCOME HOUSING AND LOW INCOME HOUSING ASSISTANCE TO THE ELDERLY AND DISABLED.
Expenses $43,814 · Revenue $15,494
As filed on the 2023 return.
Listed in Part VII
-
Gwen WhiteGWEN WHITE
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Christine NguyenCHRISTINE NGUYEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Janice KimballJANICE KIMBALL
SECRETARY
- Total calculated
- $261,648
- From this org
- $0
- From related orgs
- $213,279
- Other
- $48,369
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $213,279 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $42,229 related
- Nontaxable benefits
- $0 + $6,140 related
- Filer's total
- $0 + $261,648 related
-
Andre BartlomeANDRE BARTLOME
TREASURER
- Total calculated
- $209,766
- From this org
- $0
- From related orgs
- $158,587
- Other
- $51,179
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $158,587 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $34,098 related
- Nontaxable benefits
- $0 + $17,081 related
- Filer's total
- $0 + $209,766 related
-
Phil BernalPHIL BERNAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Wendy LeonelliWENDY LEONELLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Erin LitvackERIN LITVACK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Spencer MoffatSPENCER MOFFAT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kat JohnsonKAT JOHNSON
TRUSTEE
- 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. 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 · Compensation committee
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
HOUSING CONNECT
GOVERNMENT · HOUSING · UT
-
HOUSING OPPORTUNITIES INC
501(C)(3) · HOUSING · UT
Directly controlled by HOUSING CONNECT
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421529349301282
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