Skip to content
Nonprofiteer
← WHITLEY CROSSINGS NEIGHBORHOOD CORPORATION

Form 990 for tax year 2023

Filed by WHITLEY CROSSINGS NEIGHBORHOOD CORPORATION.

Totals

Total revenue
$367,755
Total expenses
$249,365
Contributions and grants received
$336,172
Grants paid
$0
Program service revenue
$31,553
Investment income
$30
Other revenue
$0
Total assets, end of year
$6,285,355
Total liabilities, end of year
$3,483,055
Net assets or fund balances, end of year
$2,802,300
Program services expenses (Part IX)
$211,662
Management and general expenses
$37,703
Fundraising expenses
$0
Program service expenses (Part III)
$211,662

Program services were 84.9% 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)

    $336,172

  • 2a · Program service revenue: RENT REVENUE

    total $31,553 · related or exempt $31,553

  • 3 · Investment income

    total $30 · excluded $30

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $31,088 · program services $23,316 · management and general $7,772

  • 8 · Pension plan contributions

    total $420 · program services $315 · management and general $105

  • 9 · Other employee benefits

    total $3,991 · program services $2,993 · management and general $998

  • 10 · Payroll taxes

    total $2,417 · program services $1,813 · management and general $604

  • 11b · Fees: legal

    total $133 · management and general $133

  • 11g · Fees: other

    total $23,240 · program services $17,430 · management and general $5,810

  • 13 · Office expenses

    total $1,763 · program services $1,322 · management and general $441

  • 14 · Information technology

    total $5,213 · program services $3,910 · management and general $1,303

  • 16 · Occupancy

    total $84,041 · program services $63,031 · management and general $21,010

  • 17 · Travel

    total $365 · program services $274 · management and general $91

  • 19 · Conferences, conventions and meetings

    total $792 · program services $594 · management and general $198

  • 20 · Interest

    total $35,809 · program services $35,809

  • 22 · Depreciation, depletion and amortization

    total $63,144 · program services $63,144

  • 23 · Insurance

    total $743 · program services $557 · management and general $186

  • 24a · Other expenses: BAD DEBTS

    total -$5,463 · program services -$4,097 · management and general -$1,366

  • 24e · All other expenses

    total $1,669 · program services $1,251 · management and general $418

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $31,691 · end of year $0

  • 4 · Accounts receivable

    beginning of year $34,702 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,363 · end of year $12,087

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

    $2,120,469

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

    $115,116

  • 10c · Land, buildings and equipment, net

    beginning of year $2,068,497 · end of year $2,005,353

  • 15 · Other assets

    beginning of year $4,267,915 · end of year $4,267,915

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,267 · end of year $48,236

  • 23 · Secured mortgages and notes payable

    beginning of year $774,104 · end of year $254,322

  • 25 · Other liabilities

    beginning of year $3,031,501 · end of year $3,180,497

  • 27 · Net assets without donor restrictions

    beginning of year $2,591,296 · end of year $2,802,300

Mission and programs · 2023

Mission

PROVIDE DECENT AFFORDABLE HOUSING TO LOW AND MODERATE INCOME FAMILIES.

  • THE ORGANIZATION MANAGES 20 LOW INCOME APARTMENTS FOR SENIORS, A 21 UNIT APARTMENT PROJECT AND A 22 UNIT HOUSING PROJECT TO SERVE RESIDENTS AS LOW AS 30% OF THE MEDIAN INCOME AND PEOPLE WITH DISABILITIES.

    Expenses $211,662 · Revenue $31,553

As filed on the 2023 return.

Listed in Part VII

  • Elizabeth Deckard

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Linda Fulton

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Jessica Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kayla Wigent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Marilyn Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Hoffman

    PRESIDENT & CEO

    Total calculated
    $227,295
    From this org
    $0
    From related orgs
    $199,426
    Other
    $27,869
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,426 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,519 related
    Nontaxable benefits
    $0 + $5,350 related
    Filer's total
    $0 + $227,295 related

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

None.

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.

  • BRIGHTPOINT

    501(C)(3) · TO REMOVE THE CAUSES AND CONDITIONS OF POVERTY IN NORTHEAST INDIANA · IN

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.

  • CLUGSTON HOTEL LLC

    LOW INCOME HOUSING · IN · income $336,064 · assets $1,515,767

    Directly controlled by WHITLEY CROSSINGS NEIGHBORHOOD CORP

Related partnerships

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

  • COLUMBIA CITY HERITAGE HOMES LP

    RELATED · LOW-INCOME HOUSING RENTALS · IN · 0.01% owned · share of income $6,457 · share of assets $495,468 · general or managing partner

    Directly controlled by HERITAGE PLACE HOUSING INC

  • WHITLEY MEADOWS APARTMENTS LP

    RELATED · LOW-INCOME HOUSING RENTALS · IN · 0.01% owned · share of income -$98,376 · share of assets -$480,077 · general or managing partner

    Directly controlled by WHITLEY MEADOWS APARTMENTS INC

Related corporations and trusts

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

  • HERITAGE PLACE HOUSING INC

    C · REAL ESTATE · IN · 100% owned · share of income $282,872 · share of assets $1,256,539 · controlled entity

    Directly controlled by WHITLEY CROSSINGS NEIGHBORHOOD CORP

  • WHITLEY MEADOWS APARTMENTS INC

    C · REAL ESTATE · IN · 100% owned · share of income $124,632 · share of assets $194,211 · controlled entity

    Directly controlled by WHITLEY CROSSINGS NEIGHBORHOOD CORP

Provenance

Return type
form_990
Tax year
2023
Filed
13 September 2024
IRS schema version
2023v5.1
Source object
202402579349300035

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.