Skip to content
Nonprofiteer
← NEW DIRECTIONS HOUSING CORPORATION

Form 990 for tax year 2022

Filed by NEW DIRECTIONS HOUSING CORPORATION.

Totals

Total revenue
$21,004,769
Total expenses
$12,338,105
Contributions and grants received
$3,164,163
Grants paid
$0
Program service revenue
$6,369,287
Investment income
$11,413,751
Other revenue
$57,568
Total assets, end of year
$33,651,135
Total liabilities, end of year
$12,780,500
Net assets or fund balances, end of year
$20,870,635
Program services expenses (Part IX)
$11,110,582
Management and general expenses
$854,092
Fundraising expenses
$373,431
Program service expenses (Part III)
$11,110,582

Program services were 90.1% 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.

  • 1c · Fundraising events

    $32,562

  • 1e · Government grants (contributions)

    $1,031,900

  • 1f · All other contributions, gifts and grants

    $2,099,701

  • 2a · Program service revenue: PROPERTY MANAGEMENT

    total $6,080,542 · related or exempt $6,080,542

  • 2b · Program service revenue: HOUSING DEVELOPMENT

    total $288,745 · related or exempt $288,745

  • 3 · Investment income

    total $109,768 · excluded $109,768

  • 7a · Gross sales of assets other than inventory

    other assets $15,620,000

  • 7b · Less cost or other basis and sales expenses

    other assets $4,316,017

  • 7c · Gain or loss

    other assets $11,303,983

  • 7d · Net gain or loss

    total $11,303,983 · related or exempt $11,303,983

  • 8a · Fundraising events: gross income

    $44,750

  • 8a · Fundraising events: contributions included on line 1c

    $32,562

  • 8b · Fundraising events: direct expenses

    $83,709

  • 8c · Net income from fundraising events

    total -$38,959 · excluded -$38,959

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $76,769 · excluded $76,769

  • 11b · Other revenue: DEBT FORGIVENESS

    total $19,758 · excluded $19,758

  • 11e · Other revenue, total

    $96,527

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $865,083 · program services $724,938 · management and general $94,694 · fundraising $45,451

  • 7 · Other salaries and wages

    total $3,389,851 · program services $2,851,905 · management and general $359,144 · fundraising $178,802

  • 8 · Pension plan contributions

    total $27,591 · program services $23,122 · management and general $3,020 · fundraising $1,449

  • 9 · Other employee benefits

    total $208,664 · program services $174,860 · management and general $22,841 · fundraising $10,963

  • 10 · Payroll taxes

    total $306,412 · program services $256,772 · management and general $33,541 · fundraising $16,099

  • 11b · Fees: legal

    total $5,429 · program services $2,782 · management and general $2,108 · fundraising $539

  • 11c · Fees: accounting

    total $121,368 · program services $62,189 · management and general $47,127 · fundraising $12,052

  • 11g · Fees: other

    total $149,641 · program services $117,063 · management and general $28,669 · fundraising $3,909

  • 12 · Advertising and promotion

    total $17,886 · program services $9,736 · management and general $473 · fundraising $7,677

  • 13 · Office expenses

    total $154,457 · program services $115,485 · management and general $35,188 · fundraising $3,784

  • 16 · Occupancy

    total $1,005,969 · program services $974,673 · management and general $30,348 · fundraising $948

  • 17 · Travel

    total $6,949 · program services $6,949

  • 19 · Conferences, conventions and meetings

    total $49,382 · program services $32,623 · management and general $13,222 · fundraising $3,537

  • 20 · Interest

    total $449,436 · program services $400,287 · management and general $49,149

  • 22 · Depreciation, depletion and amortization

    total $1,137,315 · program services $1,096,821 · management and general $40,376 · fundraising $118

  • 23 · Insurance

    total $245,896 · program services $228,504 · management and general $17,392

  • 24a · Other expenses: GRANT EXPENSES

    total $1,751,392 · program services $1,751,392

  • 24b · Other expenses: MAINTENANCE AND REPAIRS

    total $1,679,291 · program services $1,650,185 · management and general $28,671 · fundraising $435

  • 24c · Other expenses: BAD DEBTS

    total $274,049 · program services $274,049

  • 24d · Other expenses: EVENTS/VOLUNTEERS

    total $90,500 · program services $12,648 · management and general $2,674 · fundraising $75,178

  • 24e · All other expenses

    total $401,544 · program services $343,599 · management and general $45,455 · fundraising $12,490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $637,505 · end of year $3,184,983

  • 2 · Savings and temporary cash investments

    beginning of year $2,708,825 · end of year $519,211

  • 3 · Pledges and grants receivable

    beginning of year $658,339 · end of year $26,169

  • 4 · Accounts receivable

    beginning of year $577,472 · end of year $1,427,280

  • 7 · Other notes and loans receivable

    beginning of year $3,008,941 · end of year $14,606,007

  • 9 · Prepaid expenses and deferred charges

    beginning of year $212,677 · end of year $201,469

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

    $28,744,238

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

    $16,324,978

  • 10c · Land, buildings and equipment, net

    beginning of year $16,999,031 · end of year $12,419,260

  • 15 · Other assets

    beginning of year $1,395,806 · end of year $1,266,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,844,829 · end of year $1,545,950

  • 19 · Deferred revenue

    beginning of year $190,810 · end of year $88,903

  • 23 · Secured mortgages and notes payable

    beginning of year $11,855,364 · end of year $11,034,853

  • 25 · Other liabilities

    beginning of year $103,622 · end of year $110,794

  • 27 · Net assets without donor restrictions

    beginning of year $10,627,891 · end of year $20,040,269

  • 28 · Net assets with donor restrictions

    beginning of year $1,576,080 · end of year $830,366

Mission and programs · 2022

Mission

NEW DIRECTIONS HOUSING CORPORATION DEVELOPS AND MAINTAINS AFFORDABLE HOUSING AND HELPS TO CREATE VITAL COMMUNITIES IN PARTNERSHIP WITH NEIGHBORS AND OTHER STAKEHOLDERS.

Activities or mission (Part I)

NEW DIRECTIONS HOUSING CORPORATION DEVELOPS AND MAINTAINS AFFORDABLE HOUSING.

  • RENTAL PROPERTIES - PROVIDE SHELTER AND SITE-BASED SOCIAL AND EDUCATIONAL SERVICES TO AID LOW INCOME INDIVIDUALS. NEW DIRECTIONS CONNECTS RESIDENTS TO THE RESOURCES THEY NEED TO MEET THEIR GOALS IN LIFE, INCLUDING SOCIAL SERVICES, YOUTH PROGRAMMING, COACHING, AND GROUP INFORMATIONAL SESSIONS.

    Expenses $5,689,679 · Revenue $5,153,277

  • ASSET AND PROPERTY MANAGEMENT - MAINTAIN AND PRESERVE RENTAL HOUSING TO HELP LOW INCOME HOUSEHOLDS. NEW DIRECTIONS PROVIDES CLEAN, SAFE, AFFORDABLE, QUALITY HOUSING FOR MORE THAN 900 FAMILIES AND 1,800 INDIVIDUALS OF LOW INCOME, INCLUDING CHILDREN AND SENIORS, IN OUR COMMUNITY'S MOST ECONOMICALLY DISADVANTAGED NEIGHBORHOODS.

    Expenses $2,793,250 · Revenue $1,216,010

  • HOME OWNERSHIP PRESERVATION - INCREASE AND PRESERVE AFFORDABLE HOUSING, PRIMARILY IN LOUISVILLE'S WEST END NEIGHBORHOODS. NEW DIRECTIONS MOBILIZES COMMUNITY-WIDE RESOURCES AND HAD 1041 VOLUNTEERS THIS FISCAL YEAR TO ASSIST LOW TO MODERATE INCOME SENIORS AND DISABLED HOMEOWNERS WITH ESSENTIAL HOME REPAIRS. IN ADDITION, WE PROVIDE LOW TO MODERATE INCOME HOMEOWNERS WITH LARGER HOME REPAIR OPPORTUNITIES THROUGH LOW-INTEREST OR FORGIVABLE LOANS IN AN EFFORT TO PREVENT AND COMBAT THE ISSUE OF VACANT AND ABANDONED PROPERTIES IN OUR CITY.

    Expenses $2,051,718

  • RESIDENT SERVICES, REAL ESTATE DEVELOPMENT, COMMUNITY BUILDING AND ENGAGEMENT, AND EARLY CHILDHOOD DEVELOPMENT.

    Expenses $575,935 · Revenue $11,303,983

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

Listed in Part VII

  • Tricia Burke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Stachelle Bussey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Heather M Dearing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Keisha Dorsey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Gordon C Duke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Darrell Fuller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Kathryn Giles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Zan Glover

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Adam Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Andrew Pleasant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Jennifer Recktenwald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Sheri Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • W Alfred Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Christopher Tompkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Rita Ward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Faith Weekly

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Zach Wedding

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Kurt Mason

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Tonya Montgomery

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Elizabeth Rauch

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Lori Flanery

    PRESIDENT/CEO

    Total calculated
    $190,942
    From this org
    $182,631
    From related orgs
    $0
    Other
    $8,311
    Hours/week
    40 + 0.75 related

    Schedule J breakdown matched by us

    Base
    $182,631
    Bonus
    $0
    Other
    $0
    Deferred
    $5,561
    Nontaxable benefits
    $2,750
    Filer's total
    $190,942

  • Bridgette Johnson

    COO

    Total calculated
    $168,006
    From this org
    $156,822
    From related orgs
    $0
    Other
    $11,184
    Hours/week
    40 + 0.75 related

    Schedule J breakdown matched by us

    Base
    $156,822
    Bonus
    $0
    Other
    $0
    Deferred
    $3,731
    Nontaxable benefits
    $7,453
    Filer's total
    $168,006

  • Kathleen McKune

    CRO

    Total calculated
    $142,639
    From this org
    $142,639
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 0.75 related

  • George Sanders

    CIO

    Total calculated
    $98,945
    From this org
    $89,917
    From related orgs
    $0
    Other
    $9,028
    Hours/week
    40 + 0.75 related

  • David Snyder

    CDO

    Total calculated
    $110,766
    From this org
    $97,914
    From related orgs
    $0
    Other
    $12,852
    Hours/week
    40 + 0.75 related

  • John Beran

    CSO

    Total calculated
    $29,240
    From this org
    $27,397
    From related orgs
    $0
    Other
    $1,843
    Hours/week
    40 + 0.75 related

  • Christopher Roszman

    CFO

    Total calculated
    $124,545
    From this org
    $117,292
    From related orgs
    $0
    Other
    $7,253
    Hours/week
    40 + 0.75 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

  • 3 · Approval by the board or compensation committee

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.

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.

  • NEW DIRECTIONS HOUSING DEVELOPMENT LLC

    HOUSING DEVELOPMENT · KY · income $0 · assets $0

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • BRANDEIS APTS LLC

    HOUSING DEVELOPMENT · KY · income $511,805 · assets $88,481

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • NDHC DEVELOPMENT LLC

    HOUSING DEVELOPMENT · KY · income $0 · assets $0

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • NEW DIRECTIONS PORTLAND LLC

    HOUSING DEVELOPMENT · KY · income $0 · assets $0

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • SMOKETOWN HOUSING IMPROVEMENT CORPORATION

    HOUSING DEVELOPMENT · KY · income $0 · assets $0

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • SMOKETOWN APT LLC

    HOUSING DEVELOPMENT · KY · income $204,128 · assets $433,148

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • DIRECTIONS APARTMENTS LLC

    HOUSING DEVELOPMENT · KY · income $974,775 · assets $2,386,697

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • SHAWNEE APARTMENTS LLC

    HOUSING DEVELOPMENT · KY · income $350,031 · assets $3,151,726

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • RUSSELL APARTMENTS LLC

    HOUSING DEVELOPMENT · KY · income $1,865,566 · assets $3,898,283

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • REESER COURT APTS LLC

    HOUSING DEVELOPMENT · KY · income $486,534 · assets $1,752,479

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

Related partnerships

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

  • JACKSON WOODS APARTMENTS LLLP

    HOUSING DEVELOPMENT · KY · general or managing partner

  • ST WILLIAM APARTMENTS LLLP

    HOUSING DEVELOPMENT · KY · general or managing partner

  • WOODBOURNE HOUSE APARTMENTS LLLP

    HOUSING DEVELOPMENT · KY · general or managing partner

  • SHAWNEE RENAISSANCE APARTMENTS LLLP

    RELATED · HOUSING DEVELOPMENT · KY · 0.01% owned · general or managing partner

    Directly controlled by SHAWNEE RENAISSANCE GP LLC

  • ROOSEVELT APARTMENTS LLLP

    HOUSING DEVELOPMENT · KY

  • RUSSELL RENAIASSANCE APRTMENTS LLLP

    HOUSING DEVELOPMENT · KY · general or managing partner

Related corporations and trusts

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

  • JACKSON WOODS APARTMENTS NDHC GP LLC

    C · HOUSING DEVELOPMENT · KY · 100% owned · share of income $41,787 · share of assets -$88,067 · controlled entity

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • ST WILLIAM APARTMENTS NDHC GP LLC

    C · HOUSING DEVELOPMENT · KY · 100% owned · share of income -$171 · controlled entity

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • WH GP INC

    C · HOUSING DEVELOPMENT · KY · 100% owned · share of income -$59 · share of assets $221 · controlled entity

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

  • RUSSELL RENAISSANCE GP LLC

    C · HOUSING DEVELOPMENT · KY · 100% owned · controlled entity

    Directly controlled by NEW DIRECTIONS HOUSING CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
25 April 2024
IRS schema version
2022v5.0
Source object
202431279349301863

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.