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Nonprofiteer
← THE SAFE ALLIANCE AFFORDABLE HOUSING CORPORATION

Form 990 for tax year 2022

Filed by THE SAFE ALLIANCE AFFORDABLE HOUSING CORPORATION.

Totals

Total revenue
$3,045,950
Total expenses
$2,257,295
Contributions and grants received
$1,000,000
Grants paid
$0
Program service revenue
$2,045,644
Investment income
$306
Other revenue
$0
Total assets, end of year
$16,002,417
Total liabilities, end of year
$11,500,229
Net assets or fund balances, end of year
$4,502,188
Program services expenses (Part IX)
$2,242,120
Management and general expenses
$15,175
Fundraising expenses
$0
Program service expenses (Part III)
$2,242,120

Program services were 99.3% 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.

  • 1f · All other contributions, gifts and grants

    $1,000,000

  • 2a · Program service revenue: RENTAL INCOME

    total $2,013,963 · related or exempt $2,013,963

  • 2b · Program service revenue: OTHER INCOME

    total $31,681 · related or exempt $31,681

  • 3 · Investment income

    total $306 · related or exempt $306

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $267,362 · program services $267,362

  • 11a · Fees: management

    total $70,326 · program services $70,326

  • 11b · Fees: legal

    total $64,134 · program services $64,134

  • 12 · Advertising and promotion

    total $10,132 · program services $10,132

  • 20 · Interest

    total $335,608 · program services $335,608

  • 22 · Depreciation, depletion and amortization

    total $688,821 · program services $688,821

  • 23 · Insurance

    total $179,604 · program services $179,604

  • 24a · Other expenses: UTILITIES

    total $276,679 · program services $276,679

  • 24b · Other expenses: REPAIRS

    total $187,461 · program services $187,461

  • 24c · Other expenses: GENERAL & ADMIN

    total $96,960 · program services $81,785 · management and general $15,175

  • 24d · Other expenses: BAD DEBT

    total $78,219 · program services $78,219

  • 24e · All other expenses

    total $1,989 · program services $1,989

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $266,391 · end of year $6,774,852

  • 4 · Accounts receivable

    beginning of year $59,288 · end of year $11,814

  • 9 · Prepaid expenses and deferred charges

    beginning of year $59,273 · end of year $54,674

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

    $14,818,118

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

    $6,337,016

  • 10c · Land, buildings and equipment, net

    beginning of year $8,520,834 · end of year $8,481,102

  • 14 · Intangible assets

    beginning of year $165,875 · end of year $261,511

  • 15 · Other assets

    beginning of year $801,201 · end of year $418,464

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,009 · end of year $131,784

  • 23 · Secured mortgages and notes payable

    beginning of year $5,810,604 · end of year $11,293,000

  • 25 · Other liabilities

    beginning of year $42,282 · end of year $75,445

  • 27 · Net assets without donor restrictions

    beginning of year $3,941,967 · end of year $3,502,188

  • 28 · Net assets with donor restrictions

    end of year $1,000,000

Mission and programs · 2022

Mission

PROVIDING AFFORDABLE HOUSING TO LOW-INCOME AND MODERATE-INCOME PEOPLE IN TRAVIS COUNTY, TEXAS

  • ENHANCING THE CREATION OF NEW HOUSING AND THE REHABILITATION OF EXISTING HOUSING IN NEIGHBORHOODS LOCATED IN TRAVIS COUNTY, WITH SPECIAL EMPHASIS PLACED ON CREATING RENTAL HOUSING FOR LOW-INCOME AND MODERATE-INCOME FAMILIES, PROMOTING AND CREATING PROGRAMS TOENCOURAGE HEALTH AND SOCIAL SERVICES IN LOW-INCOME AND MODERATE-INCOME NEIGHBORHOODS, PROVIDING HOUSING THAT IS AFFORDABLE TO LOW-INCOME AND MODERATE-INCOME CLIENTS OF THE SAFE ALLIANCE AND CREATING A SAFE, STABLE ENVIRONMENT FOR FAMILIES TO REBUILD THEIR LIVES.

    Expenses $2,242,120 · Revenue $3,045,950

As filed on the 2022 return.

Listed in Part VII

  • KAREN BARTOLETTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TREY HANCOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JULIA SPANN

    SECRETARY/EXECUTIVE DIRECT

    Total calculated
    $0
    Hours/week
    2

  • KARL NICHOLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VERONICA VEGA-MARTINEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SIMONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMASINA TIJERINA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTA DEL GALLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANTONIO GARZA

    DIRECTOR

    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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GROVE PLACE PARTNERS LIMITED LLC

    APARTMENT RENTALS · TX

    Directly controlled by GROVE PLACE PARTNERS GP INC

  • GROVE PLACE PARTNERS LTD

    APARTMENT RENTALS · TX · income -$200,276 · assets -$462,533

    Directly controlled by GROVE PLACE PARTNERS GP INC

  • SAFE LANCASTER COURT LLC

    APARTMENT RENTALS · TX · income $989,106 · assets $1,989,106

    Directly controlled by GROVE PLACE PARTNERS GP INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202400469349300800

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