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Nonprofiteer
← NORTHERN LIGHTS HOUSING CORP

Form 990 for tax year 2023

Filed by NORTHERN LIGHTS HOUSING CORP.

Totals

Total revenue
$785,259
Total expenses
$699,243
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$769,976
Investment income
$1,077
Other revenue
$14,206
Total assets, end of year
$1,687,160
Total liabilities, end of year
$1,736,661
Net assets or fund balances, end of year
-$49,501
Program services expenses (Part IX)
$548,814
Management and general expenses
$150,429
Fundraising expenses
$0
Program service expenses (Part III)
$548,814

Program services were 78.5% 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: Rental Income

    total $761,107 · related or exempt $761,107

  • 2b · Program service revenue: Misc Revenue

    total $8,869 · related or exempt $8,869

  • 3 · Investment income

    total $1,077 · excluded $1,077

  • 11a · Other revenue: Insurance Proceeds

    total $14,206 · excluded $14,206

  • 11e · Other revenue, total

    $14,206

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $48,662 · management and general $48,662

  • 11b · Fees: legal

    total $5,023 · management and general $5,023

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 12 · Advertising and promotion

    total $737 · management and general $737

  • 13 · Office expenses

    total $113,988 · program services $37,908 · management and general $76,080

  • 14 · Information technology

    total $7,927 · management and general $7,927

  • 16 · Occupancy

    total $188,170 · program services $188,170

  • 17 · Travel

    total $2,000 · management and general $2,000

  • 20 · Interest

    total $66,229 · program services $66,229

  • 22 · Depreciation, depletion and amortization

    total $36,240 · program services $36,240

  • 23 · Insurance

    total $35,848 · program services $35,848

  • 24a · Other expenses: Repairs & Maintenance

    total $182,293 · program services $182,293

  • 24b · Other expenses: Bad Debt Expense

    total $2,003 · program services $2,003

  • 24c · Other expenses: Miscellaneous Expense

    total $123 · program services $123

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,087 · end of year $18,928

  • 2 · Savings and temporary cash investments

    beginning of year $810,673 · end of year $850,892

  • 4 · Accounts receivable

    beginning of year $5,399 · end of year $1,711

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,423 · end of year $7,391

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

    $3,763,561

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

    $2,967,860

  • 10c · Land, buildings and equipment, net

    beginning of year $831,941 · end of year $795,701

  • 15 · Other assets

    beginning of year $12,728 · end of year $12,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,548 · end of year $178,442

  • 19 · Deferred revenue

    beginning of year $4,254 · end of year $4,325

  • 23 · Secured mortgages and notes payable

    beginning of year $1,598,238 · end of year $1,541,357

  • 25 · Other liabilities

    beginning of year $12,728 · end of year $12,537

  • 27 · Net assets without donor restrictions

    beginning of year -$135,517 · end of year -$49,501

Mission and programs · 2023

Mission

Develop, own and manage subsidized residential housing units and related facilities for qualified elderly and persons living with disabilities.

  • Provide subsidized rental housing for the elderly and disabled.

    Expenses $548,814 · Revenue $769,976

As filed on the 2023 return.

Listed in Part VII

  • Harrison Kanzler

    Executive Director

    Total calculated
    $109,667
    From this org
    $0
    From related orgs
    $109,667
    Other
    $0
    Hours/week
    0.5 + 42 related

  • Susan Retz

    President

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Mark Hesler

    Vice President

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Melissa Blood

    Treasurer

    Total calculated
    $70,354
    From this org
    $0
    From related orgs
    $70,354
    Other
    $0
    Hours/week
    0.5 + 42 related

  • Christine Crespo

    Secretary

    Total calculated
    $38,909
    From this org
    $0
    From related orgs
    $38,909
    Other
    $0
    Hours/week
    0.5 + 42 related

  • Marybeth Robinson

    Past Secretary

    Total calculated
    $64,594
    From this org
    $0
    From related orgs
    $49,410
    Other
    $15,184
    Hours/week
    0.5 + 42 related

  • Christine Jessen

    Past Treasurer

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 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.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
18 April 2024
IRS schema version
2023v5.0
Source object
202421109349300422

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