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Nonprofiteer
← VISTA AFFORDABLE HOUSING INC

Form 990 for tax year 2022

Filed by VISTA AFFORDABLE HOUSING INC.

Totals

Total revenue
$345,414
Total expenses
$323,287
Contributions and grants received
$310,550
Grants paid
$0
Program service revenue
$32,306
Investment income
$2,558
Other revenue
$0
Total assets, end of year
$627,863
Total liabilities, end of year
$576,811
Net assets or fund balances, end of year
$51,052
Program services expenses (Part IX)
$315,477
Management and general expenses
$7,810
Fundraising expenses
$0
Program service expenses (Part III)
$315,477

Program services were 97.6% 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.

  • 1d · Related organizations

    $225,000

  • 1f · All other contributions, gifts and grants

    $85,550

  • 2a · Program service revenue: RENT

    total $32,306 · related or exempt $32,306

  • 3 · Investment income

    total $2,558 · related or exempt $2,558

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $20,734 · program services $20,734

  • 11a · Fees: management

    total $7,810 · management and general $7,810

  • 11g · Fees: other

    total $7,500 · program services $7,500

  • 16 · Occupancy

    total $210,589 · program services $210,589

  • 22 · Depreciation, depletion and amortization

    total $74,872 · program services $74,872

  • 24a · Other expenses: MEMBERSHIP DUES/SUBSCRI

    total $1,384 · program services $1,384

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $209 · program services $209

  • 24c · Other expenses: EQUIPMENT MAINTENANCE

    total $189 · program services $189

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $91,822 · end of year $113,978

  • 3 · Pledges and grants receivable

    beginning of year $33,095 · end of year $56,815

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,357 · end of year $1,195

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

    $1,167,754

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

    $803,923

  • 10c · Land, buildings and equipment, net

    beginning of year $438,702 · end of year $363,831

  • 12 · Investments: other securities

    beginning of year $110,757 · end of year $92,044

  • 17 · Accounts payable and accrued expenses

    beginning of year $425 · end of year $1,699

  • 24 · Unsecured notes and loans payable

    beginning of year $625,112 · end of year $575,112

  • 27 · Net assets without donor restrictions

    beginning of year $50,196 · end of year $38,132

  • 28 · Net assets with donor restrictions

    end of year $12,920

Mission and programs · 2022

Mission

VISTA AFFORDABLE HOUSING, INC. WAS FORMED TO ACQUIRE AFFORDABLE HOUSING AND MAKE THAT HOUSING AVAILABLE TO TENANTS IN CONJUNCTION WITH THE CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SPECIFIC PURPOSES OF ITS MEMBER, VISTA MARIA. VISTA AFFORDABLE HOUSING, INC. IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE SPECIFIC PURPOSES OF VISTA MARIA, A NON-PROFIT CORPORATION.

  • VISTA AFFORDABLE HOUSING, INC. WAS FORMED TO ACQUIRE AFFORDABLE HOUSING AND MAKE THAT HOUSING AVAILABLE AT A LOW COST TO THE TENANTS THAT THE PRIVATE HOUSING MARKET DOES NOT ADEQUATELY SERVE IN CONJUNCTION WITH THE CHARITABLE, EDUCATIONAL, AND SPECIFIC PURPOSES OF ITS MEMBER, VISTA MARIA. VISTA AFFORDABLE HOUSING INC. IS OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE SPECIFIC PURPOSES OF VISTA MARIA, A NON-PROFIT CORPORATION. DURING 2022, VISTA AFFORDABLE HOUSING SERVED 43 TENANTS THROUGH SHEPHERD HALL.

    Expenses $315,477 · Revenue $345,414

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

Listed in Part VII

  • Michelle Lemerond

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ladonna Holley

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Evelyn Brown

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Celeste Arduino

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sylvia Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jackie Shuk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Aufdemberge

    MEMBER REPRESENTATIVE, PRE

    Total calculated
    $397,467
    From this org
    $0
    From related orgs
    $338,742
    Other
    $58,725
    Hours/week
    2 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,909 related
    Bonus
    $0 + $64,375 related
    Other
    $0 + $7,458 related
    Deferred
    $0 + $45,063 related
    Nontaxable benefits
    $0 + $13,662 related
    Filer's total
    $0 + $397,467 related

  • Victor Abla

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kelly Small

    PRESIDENT - VAH, DIRECTOR

    Total calculated
    $111,909
    From this org
    $0
    From related orgs
    $107,230
    Other
    $4,679
    Hours/week
    5 + 60 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

  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
DETROIT ATHLETIC CLUB MEMBERSHIP FOR ANGELA AUFDEMBERGE, CEO AND SPOUSAL ATTENDANCE INCLUDED IN EMPLOYMENT CONTRACT.
PART I, LINE 4B
ANGELA AUFDEMBERGE WAS AWARDED $45,063 IN A SERP TO VEST OVER 5 YEARS. THE AMOUNT IS NOTED ABOVE IN COMPENSATION DETAIL. THE ORGANIZATION ACCRUES THIS COMPENSATION BASED ON THE VESTING SCHEDULE.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202343059349300944

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