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Nonprofiteer
← NORTHSIDE COMMUNITY HOUSING INC

Form 990 for tax year 2023

Filed by NORTHSIDE COMMUNITY HOUSING INC.

Totals

Total revenue
$43,937
Total expenses
$850,507
Contributions and grants received
$139,165
Grants paid
$2,160
Program service revenue
$17,038
Investment income
$27,271
Other revenue
-$139,537
Total assets, end of year
$14,155,000
Total liabilities, end of year
$5,789,692
Net assets or fund balances, end of year
$8,365,308
Program services expenses (Part IX)
$439,004
Management and general expenses
$326,755
Fundraising expenses
$84,748
Program service expenses (Part III)
$439,004

Program services were 51.6% 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.

  • 1e · Government grants (contributions)

    $640

  • 1f · All other contributions, gifts and grants

    $138,525

  • 2a · Program service revenue: Incentive Management Fee

    total $17,038 · related or exempt $17,038

  • 3 · Investment income

    total $22,976 · unrelated business $22,976

  • 6a · Gross rents

    real property $1,740,370

  • 6b · Less rental expenses

    real property $1,955,709

  • 6c · Rental income or loss

    real property -$215,339

  • 6d · Net rental income or loss

    total -$215,339

  • 7a · Gross sales of assets other than inventory

    other assets $4,295

  • 7c · Gain or loss

    other assets $4,295

  • 7d · Net gain or loss

    total $4,295

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Insurance Proceeds

    total $32,129 · related or exempt $32,129

  • 11b · Other revenue: Miscellaneous

    total $43,673 · related or exempt $43,673

  • 11e · Other revenue, total

    $75,802

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $2,160 · program services $2,160

  • 5 · Compensation of officers, directors and key employees

    total $80,748 · program services $26,916 · management and general $26,916 · fundraising $26,916

  • 7 · Other salaries and wages

    total $137,925 · program services $45,975 · management and general $45,975 · fundraising $45,975

  • 9 · Other employee benefits

    total $35,570 · program services $11,856 · management and general $11,857 · fundraising $11,857

  • 11a · Fees: management

    total $100,514 · program services $79,951 · management and general $20,563

  • 11c · Fees: accounting

    total $34,716 · management and general $34,716

  • 13 · Office expenses

    total $11,643 · management and general $11,643

  • 19 · Conferences, conventions and meetings

    total $777 · management and general $777

  • 20 · Interest

    total $148,395 · program services $148,395

  • 23 · Insurance

    total $103,195 · program services $103,195

  • 24a · Other expenses: Miscellaneous

    total $44,109 · program services $1,803 · management and general $42,306

  • 24b · Other expenses: Office Expense

    total $66,856 · management and general $66,856

  • 24c · Other expenses: Administrative

    total $65,146 · management and general $65,146

  • 24d · Other expenses: Bad Debt

    total $18,753 · program services $18,753

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,732,611 · end of year $1,416,294

  • 4 · Accounts receivable

    beginning of year $288,178 · end of year $370,790

  • 7 · Other notes and loans receivable

    beginning of year $1,860,845 · end of year $1,062,329

  • 9 · Prepaid expenses and deferred charges

    beginning of year $42,356 · end of year $38,475

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

    $21,223,161

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

    $9,957,732

  • 10c · Land, buildings and equipment, net

    beginning of year $11,678,729 · end of year $11,265,429

  • 15 · Other assets

    beginning of year $52,613 · end of year $1,683

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,172,675 · end of year $1,234,536

  • 19 · Deferred revenue

    beginning of year $81,033 · end of year $29,277

  • 21 · Escrow or custodial account liability

    beginning of year $85,672 · end of year $79,092

  • 23 · Secured mortgages and notes payable

    beginning of year $3,054,513 · end of year $3,824,100

  • 25 · Other liabilities

    beginning of year $1,014,193 · end of year $622,687

  • 27 · Net assets without donor restrictions

    beginning of year $8,755,499 · end of year $7,934,163

  • 28 · Net assets with donor restrictions

    beginning of year $491,747 · end of year $431,145

Mission and programs · 2023

Mission

To provide high quality housing that is affordable to low to moderate income area residents and to create opportunities for them to improve their lives and revitalize the community.

Activities or mission (Part I)

To provide high quality housing that is affordable to lowmoderate income area residents

  • Community Revitalization - the development of community gardens, increased access to promote mental and physical health of youth. Education and training were provided to youth to sustain the community garden and to beautify neighborhood. Each participant received a garden stipend. Home repairs were made to residents' homes to ensure safety. Financial education classes and housing credits were provided to residents to improve finances, credit profiles, and home ownership preparation. Rehabilitation of existing residential structures.

    Expenses $439,004 · Revenue $92,840

As filed on the 2023 return.

Listed in Part VII

  • Philip Minden

    CHAIR

    Total calculated
    $0

  • Angela Jones

    VICE CHAIR

    Total calculated
    $0

  • Stephen Hutchinson

    TREASURER

    Total calculated
    $0

  • Jeanine Murphy

    SECRETARY

    Total calculated
    $0

  • Bill Brooks

    BOARD MEMEBER

    Total calculated
    $0

  • Torrey Davis

    BOARD MEMBER

    Total calculated
    $0

  • Suzanne Furay

    BOARD MEMBER

    Total calculated
    $0

  • Scott Larson

    BOARD MEMBER

    Total calculated
    $0

  • Aaron Williams

    BOARD MEMBER

    Total calculated
    $0

  • Janet Roberson

    BOARD MEMBER

    Total calculated
    $0

  • Dion Fields

    BOARD MEMBER

    Total calculated
    $0

  • Greta Henderson

    BOARD MEMBER

    Total calculated
    $0

  • Kim Davis-Spain

    BOARD MEMBER

    Total calculated
    $0

  • Julia Allen

    BOARD MEMBER

    Total calculated
    $0

  • Andrew Bradley

    BOARD MEMBER

    Total calculated
    $0

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202403209349327175

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