Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $10,000,000

• 1f · All other contributions, gifts and grants

  $445,083

• 1g · Noncash contributions included above

  $305,000

• 2a · Program service revenue: NEIGHBORHOOD GRANT ADMINISTRATIVE

  total $37,750 · related or exempt $37,750

• 3 · Investment income

  total $60,221 · related or exempt $7,265 · excluded $52,956

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,057,333 · program services $1,057,333

• 2 · Grants to domestic individuals

  total $853,105 · program services $853,105

• 5 · Compensation of officers, directors and key employees

  total $164,106 · program services $82,053 · management and general $82,053

• 7 · Other salaries and wages

  total $385,186 · program services $308,543 · management and general $76,643

• 9 · Other employee benefits

  total $100,878 · program services $80,806 · management and general $20,072

• 10 · Payroll taxes

  total $45,967 · program services $36,821 · management and general $9,146

• 11b · Fees: legal

  total $73,711 · program services $64,688 · management and general $9,023

• 11c · Fees: accounting

  total $21,006 · management and general $21,006

• 11g · Fees: other

  total $78,252 · program services $47,089 · management and general $31,163

• 13 · Office expenses

  total $49,777 · management and general $49,777

• 14 · Information technology

  total $13,273 · management and general $13,273

• 16 · Occupancy

  total $52,353 · management and general $52,353

• 22 · Depreciation, depletion and amortization

  total $14,018 · management and general $14,018

• 23 · Insurance

  total $19,089 · management and general $19,089

• 24a · Other expenses: GAP FINANCING ON DEV CO

  total $1,795,426 · program services $1,795,426

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $382,415 · end of year $7,400,187

• 2 · Savings and temporary cash investments

  beginning of year $1,000,000 · end of year $1,500,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $23,175 · end of year $27,665

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

  $91,835

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

  $17,516

• 10c · Land, buildings and equipment, net

  beginning of year $11,466 · end of year $74,319

• 13 · Investments: program-related

  beginning of year $4,681,214 · end of year $7,537,433

• 15 · Other assets

  beginning of year $7,010,431 · end of year $2,747,928

• 17 · Accounts payable and accrued expenses

  beginning of year $124,547 · end of year $352,275

• 23 · Secured mortgages and notes payable

  end of year $118,127

• 25 · Other liabilities

  beginning of year $27,007 · end of year $218,431

• 27 · Net assets without donor restrictions

  beginning of year $4,613,150 · end of year $18,598,699

• 28 · Net assets with donor restrictions

  beginning of year $8,343,997 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD OF DIRECTORS AFTER REVIEW OF COMPARABLE POSITIONS IN COMPARABLE MARKETS