Form 990 for tax year 2023

Filed by RESIDENT RESOURCES NETWORK INC.

Totals

Total revenue: $2,748,660
Total expenses: $1,032,714
Contributions and grants received: $398,359
Grants paid: $0
Program service revenue: $2,211,458
Investment income: $138,843
Other revenue: $0
Total assets, end of year: $16,367,686
Total liabilities, end of year: $8,977,896
Net assets or fund balances, end of year: $7,389,790
Program services expenses (Part IX): $912,873
Management and general expenses: $114,260
Fundraising expenses: $5,581
Program service expenses (Part III): $912,873

Program services were 88.4% 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.

1a · Federated campaigns

$75,688
1f · All other contributions, gifts and grants

$322,671
2a · Program service revenue: DEVELOPMENT FEE INCOME

total $1,953,359 · related or exempt $1,953,359
2b · Program service revenue: SERVICE FEE INCOME

total $258,099 · related or exempt $258,099
3 · Investment income

total $138,843 · excluded $138,843

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $105,991 · program services $105,991
7 · Other salaries and wages

total $248,389 · program services $184,601 · management and general $60,245 · fundraising $3,543
9 · Other employee benefits

total $49,986 · program services $40,988 · management and general $8,498 · fundraising $500
10 · Payroll taxes

total $68,314 · program services $56,018 · management and general $11,613 · fundraising $683
11b · Fees: legal

total $8,779 · program services $8,779
11c · Fees: accounting

total $13,750 · management and general $13,750
11g · Fees: other

total $9,143 · program services $9,143
12 · Advertising and promotion

total $128,062 · program services $116,671 · management and general $11,391
13 · Office expenses

total $32,020 · program services $25,832 · management and general $5,333 · fundraising $855
16 · Occupancy

total $24,525 · program services $24,525
17 · Travel

total $2,692 · program services $2,692
19 · Conferences, conventions and meetings

total $3,430 · management and general $3,430
20 · Interest

total $138,226 · program services $138,226
23 · Insurance

total $3,411 · program services $3,411
24a · Other expenses: FLOW THROUGH INVESTMENT

total $93,901 · program services $93,901
24b · Other expenses: SERVICE COORDINATOR

total $92,264 · program services $92,264
24c · Other expenses: CONTRIBUTIONS

total $9,831 · program services $9,831

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $516,391 · end of year $367,293
4 · Accounts receivable

beginning of year $8,219,760 · end of year $8,658,506
7 · Other notes and loans receivable

beginning of year $310,453 · end of year $448,679
13 · Investments: program-related

beginning of year $5,081,250 · end of year $6,893,208
17 · Accounts payable and accrued expenses

beginning of year $8,143,558 · end of year $8,529,217
23 · Secured mortgages and notes payable

beginning of year $310,453 · end of year $448,679
27 · Net assets without donor restrictions

beginning of year $5,673,843 · end of year $7,389,790

Mission and programs · 2023

Mission

RESIDENT RESOURCES NETWORK, INC. AIMS TO BECOME THE REGIONAL LEADER IN BREAKING THE CYCLE OF GENERATIONAL POVERTY WITHIN THE AFFORDABLE HOUSING COMMUNITIES WE SERVE. WE ACHIEVE THIS BY BEING A RESOURCE NETWORK FOR RESIDENTS WHO ARE IN NEED OF SUPPORTIVE SERVICES (I.E. EDUCATION, EMPLOYMENT, HEALTH, ETC.) AND BY PROVIDING A SAFE ENVIRONMENT.

Activities or mission (Part I)

TO BREAK THE CYCLE OF GENERATIONAL POVERTY BY ENHANCING THE LIVES OF RESIDENTS WE SERVE.

PROVIDING RESOURCE SERVICE AND ASSISTANCE FOR THE ELDERLY, ECONOMICALLY DISADVANTAGED, HANDICAPPED AND SOCIALLY CHALLENGED IN THE AREAS OF EMPLOYMENT, EDUCATION, SAFETY AND FAMILY AND INDIVIDUAL HEALTH.

Expenses $576,674 · Revenue $258,099
TO PURCHASE, DEVELOP, LEASE, FINANCE, OWN AND SELL REAL PROPERTY OR INTERESTS IN REAL PROPERTY IN ORDER TO FOSTER LOW INCOME HOUSING AND OTHER HOUSING FROM THE ELDERLY, ECONOMICALLY DISADVANTAGED, HANDICAPPED OR OTHERWISE PHYSICALLY, MENTALLY OR SOCIALLY CHALLENGED.

Expenses $321,323 · Revenue $1,953,359
OTHER PROGRAM

Expenses $14,876

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

L Shon BurchL SHON BURCH

EXECUTIVE DIRECTOR- NON - VOTING

Total calculated

$119,791

From this org

$108,989

From related orgs

$0

Other

$10,802

Hours/week

40
Mary PattonMARY PATTON

SR. VICE PRESIDENT - NON - VOTING

Total calculated

$0

Hours/week

2.5
Kamran AliKAMRAN ALI

VP OF TRANSMISSION & TELECOMMUNICATION PLANNING

Total calculated

$0

Hours/week

2.5
Bill HingaBILL HINGA

SENIOR VICE PRESIDENT

Total calculated

$0

Hours/week

2.5
Amy DriscollAMY DRISCOLL

CHIEF FINANCIAL OFFICER

Total calculated

$0

Hours/week

2.5
Itzia JohnsonITZIA JOHNSON

COMMUNITY LENDING ADVISOR

Total calculated

$0

Hours/week

2.5
Allyson CroxtonALLYSON CROXTON

BOARD FELLOW - NON - VOTING

Total calculated

$0

Hours/week

2.5
Matthew LederMATTHEW LEDER

BOARD FELLOW - NON - VOTING

Total calculated

$0

Hours/week

2.5
Ramona WheelerRAMONA WHEELER

MANAGING DIRECTOR

Total calculated

$0

Hours/week

2.5
Marilyn StriblingMARILYN STRIBLING

RESIDENT - NON-VOTING

Total calculated

$0

Hours/week

2.5
Maria BhenMARIA BHEN

RESIDENT - NON-VOTING

Total calculated

$0

Hours/week

2.5

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.

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.

RRN CAMBRIDGE COMMONS LLC

LOW INCOME RENTAL REAL ESTATE · OH · income -$8 · assets $90,162

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN DOVES MANOR LLC

LOW INCOME RENTAL REAL ESTATE · OH · income $0 · assets $0

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN NATIVITY HOMES LLC

LOW INCOME RENTAL REAL ESTATE · OH · income -$121,490 · assets $1,261,734

Directly controlled by RESIDENT RESOURCES NETWORK INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

BATAVIA VILLAGE LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner
CAMBRIDGE COMMONS LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner
CAMBRIDGE VILLAGE APARTMENTS LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner
CHADWICK PLACE MULTIFAMILY LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner
DOVES MANOR LP

LOW INCOME RENTAL REAL ESTATE · CA · general or managing partner
ECO VILLAGE APARTMENTS LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner
FAITH VILLAGE II LIMITED PARTNERSHIP

RELATED · LOW INCOME RENTAL REAL ESTATE · OH · 99% owned · share of income $18,176 · share of assets $653,559

Directly controlled by RESIDENT RESOURCES NETWORK INC
FAITH VILLAGE LIMITED PARTNERSHIP

RELATED · LOW INCOME RENTAL REAL ESTATE · OH · 99% owned · share of income $12,118 · share of assets $456,977

Directly controlled by RESIDENT RESOURCES NETWORK INC
NATIVITY HOMES LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner
UNION SQUARE MULTIFAMILY LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner
WHD LIMA APARTMENTS LLC

RELATED · LOW INCOME RENTAL REAL ESTATE · OH · 25% owned · share of income -$30 · share of assets $61,223

Directly controlled by RESIDENT RESOURCES NETWORK INC
WHD GLEN MEADOWS MULTIFAMILY LLC

RELATED · LOW INCOME RENTAL REAL ESTATE · OH · 25% owned · share of income -$304 · share of assets $1,975

Directly controlled by RESIDENT RESOURCES NETWORK INC
WHD RONEZ MANOR LLC

RELATED · LOW INCOME RENTAL REAL ESTATE · OH · 25% owned · share of income -$12 · share of assets $1,566,899

Directly controlled by RESIDENT RESOURCES NETWORK INC
LIMA APARTMENT LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner
SUMMERGROVE APARTMENTS LLC

LOW INCOME RENTAL REAL ESTATE · OH · general or managing partner

Related corporations and trusts

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

RRN BATAVIA VILLAGE LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$8 · share of assets $127,783

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN CAMBRIDGE VILLAGE LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$125 · share of assets $550,400

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN CHADWICK PLACE LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$134 · share of assets $484,199

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN DELAWARE VILLAGE APARTMENTS LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$188 · share of assets $765,334

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN ECO VILLAGE LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 75% owned · share of income -$66 · share of assets $658,620

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN GLEN MEADOWS LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$1,054 · share of assets $5,080,222

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN LIMA APARTMENTS LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$127 · share of assets $654,891

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN RONEZ MANOR LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$420 · share of assets $10,008,038

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN SUMMERGROVE APARTMENTS LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of assets $3,997,471

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN UNION SQUARE LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$210 · share of assets $336,402

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN VANDALIA TOWNHOMES LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$2 · share of assets $125,536

Directly controlled by RESIDENT RESOURCES NETWORK INC
RRN VANDALIA VILLAGE LLC

C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$5 · share of assets $598,323

Directly controlled by RESIDENT RESOURCES NETWORK INC

Provenance

Return type: form_990
Tax year: 2023
Filed: 12 November 2024
IRS schema version: 2023v5.1
Source object: 202403189349305990

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