Totals
- Total revenue
- $303,119
- Total expenses
- $503,844
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $302,988
- Investment income
- $131
- Other revenue
- $0
- Total assets, end of year
- $4,318,292
- Total liabilities, end of year
- $51,324
- Net assets or fund balances, end of year
- $4,266,968
- Program services expenses (Part IX)
- $463,874
- Management and general expenses
- $39,970
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $463,874
Program services were 92.1% 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.
-
2a · Program service revenue: HUD RENT ASSISTANCE
total $195,113 · related or exempt $195,113
-
2b · Program service revenue: TENANT RENT
total $124,088 · related or exempt $124,088
-
2c · Program service revenue: LAUNDRY, DAMAGES AND O
total $2,731 · related or exempt $2,731
-
2d · Program service revenue: VACANCIES
total -$18,944 · related or exempt -$18,944
-
3 · Investment income
total $131 · excluded $131
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $52,867 · program services $52,867
-
9 · Other employee benefits
total $16,526 · program services $16,526
-
10 · Payroll taxes
total $5,594 · program services $5,594
-
11a · Fees: management
total $23,579 · management and general $23,579
-
11b · Fees: legal
total $129 · program services $129
-
11c · Fees: accounting
total $16,391 · management and general $16,391
-
13 · Office expenses
total $14,113 · program services $14,113
-
14 · Information technology
total $3,785 · program services $3,785
-
16 · Occupancy
total $131,257 · program services $131,257
-
19 · Conferences, conventions and meetings
total $600 · program services $600
-
22 · Depreciation, depletion and amortization
total $166,676 · program services $166,676
-
23 · Insurance
total $68,766 · program services $68,766
-
24a · Other expenses: SOCIAL SERVICES
total $2,218 · program services $2,218
-
24b · Other expenses: MISC TAXES AND LICENSES
total $769 · program services $769
-
24c · Other expenses: OTHER
total $574 · program services $574
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,098 · end of year $26,942
-
4 · Accounts receivable
beginning of year $380 · end of year $32,975
-
10a · Land, buildings and equipment: cost or other basis
$5,293,788
-
10b · Land, buildings and equipment: accumulated depreciation
$1,436,260
-
10c · Land, buildings and equipment, net
beginning of year $3,972,999 · end of year $3,857,528
-
15 · Other assets
beginning of year $490,496 · end of year $400,847
-
17 · Accounts payable and accrued expenses
beginning of year $34,903 · end of year $24,375
-
25 · Other liabilities
beginning of year $13,500 · end of year $26,949
-
27 · Net assets without donor restrictions
beginning of year -$325,530 · end of year -$475,132
-
28 · Net assets with donor restrictions
beginning of year $4,742,100 · end of year $4,742,100
Mission and programs · 2023
Mission
TO OPERATE AN AFFORDABLE HOUSING PROJECT IN THE NEAR NORTHSIDE COMMUNITY OF HOUSTON, TEXAS WITH ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
Activities or mission (Part I)
TO OPERATE AN AFFORDABLE HOUSING PROJECT IN THE NEAR NORTHSIDE COMMUNITY OF HOUSTON, TEXAS WITH ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
-
OPERATION OF A 49 UNIT SENIOR AFFORDABLE HOUSING FACILITY FUNDED BY HUD UNDER ITS SECTION 202 PROGRAM.
Expenses $463,874 · Revenue $302,988
As filed on the 2023 return.
Listed in Part VII
-
Mary LawlerMARY LAWLER
PRESIDENT
- Total calculated
- $149,979
- From this org
- $0
- From related orgs
- $143,014
- Other
- $6,965
- Hours/week
- 1 + 39 related
-
Donna EspadasDONNA ESPADAS
TREASURER
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Stephen Jamie BryantSTEPHEN JAMIE BRYANT
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Cassandra SilvernailCASSANDRA SILVERNAIL
TRUSTEE/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Viola SolomonVIOLA SOLOMON
TRUSTEE/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Janis BrackettJANIS BRACKETT
TRUSTEE/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Alexandra M ClementsALEXANDRA M CLEMENTS
TRUSTEE/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 related
-
Michael Tate BarkelyMICHAEL TATE BARKELY
TRUSTEE/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25 + 0.25 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.
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.
-
AVENUE COMMUNITY DEVELOPMENT CORPORATION
501(C)(3) · COMM. DEV. · TX
-
501(C)(3) · HOUSING · TX
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 16 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401089349300825
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