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Nonprofiteer
← WELCOME HOUSING CORPORATION

Form 990 for tax year 2022

Filed by WELCOME HOUSING CORPORATION.

Totals

Total revenue
$19,575
Total expenses
$57,592
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$19,575
Total assets, end of year
$630,151
Total liabilities, end of year
$1,430,495
Net assets or fund balances, end of year
-$800,344
Program services expenses (Part IX)
$57,592
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$57,592

Program services were 100.0% 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.

  • 11a · Other revenue: DEFERRED GROUND LEASE

    total $19,575 · related or exempt $19,575

  • 11e · Other revenue, total

    $19,575

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $57,592 · program services $57,592

Balance sheet

Part X, book values.

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

    $1,860,649

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

    $1,230,498

  • 10c · Land, buildings and equipment, net

    beginning of year $687,743 · end of year $630,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,500 · end of year $1,500

  • 25 · Other liabilities

    beginning of year $1,448,570 · end of year $1,428,995

  • 27 · Net assets without donor restrictions

    beginning of year -$762,327 · end of year -$800,344

Mission and programs · 2022

Mission

OUR VISION IS TO BE A LEADER IN GUIDING CLIENTS FROM HOUSING UNCERTAINTY TO HOUSING STABILITY. WE ACCOMPLISH THIS THROUGH THE SERVICES WE PROVIDE, SUCH AS HOUSING, SERVICE COORDINATION, AND OUTREACH & STABILITY. OUR MISSION IS TO PROVIDE A CONTINUUM OF SERVICES THAT WILL END HOMELESSNESS AND PROMOTE STABILITY FOR EACH PERSON WE SERVE.

  • THE GARDENS AT GREENUP IS A SUPPORTIVE HOUSING PROGRAM COMBINING 20 UNITS OF AFFORDABLE HOUSING WITH ON-SITE SUPPORTIVE SERVICES FOR FORMERLY HOMELESS FAMILIES WORKING TOWARDS ECONOMIC SELF-SUFFICIENCY. THE PROGRAM ALLOWS ITS RESIDENTS A STRUCTURED ENVIRONMENT TO BUILD LIFE AND PARENTING SKILLS, PURSUE EDUCATIONAL AND TRAINING OPPORTUNITIES TO ENHANCE EMPLOYMENT OPPORTUNITIES.

    Expenses $57,592 · Revenue $19,575

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • VIRGINIA TALLENT

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JASON SPAULDING

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • MARIE SCHENKEL

    SECRETARY/TREASURER

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202323119349301112

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