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Nonprofiteer
← HOOSIER HOUSING GROUP INC

Form 990 for tax year 2022

Filed by HOOSIER HOUSING GROUP INC.

Totals

Total revenue
$5,474,625
Total expenses
$1,507,308
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,595,315
Investment income
$3,863,948
Other revenue
$15,362
Total assets, end of year
$21,427,804
Total liabilities, end of year
$7,176,433
Net assets or fund balances, end of year
$14,251,371
Program services expenses (Part IX)
$1,361,930
Management and general expenses
$145,378
Fundraising expenses
$0
Program service expenses (Part III)
$1,361,930

Program services were 90.4% 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: HOUSING DIVISION RENT

    total $1,464,584 · related or exempt $1,464,584

  • 2b · Program service revenue: Real Estate Development Fee Revenue

    total $130,731 · related or exempt $130,731

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $184,830 · excluded $184,830

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $3,679,118

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

    other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $3,679,118

  • 7d · Net gain or loss

    total $3,679,118 · related or exempt $3,679,118

  • 11a · Other revenue: Tenant Charge

    total $14,946 · related or exempt $14,946

  • 11b · Other revenue: Laundry and vending revenue

    total $416 · related or exempt $416

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $15,362

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $179,900 · program services $179,900

  • 9 · Other employee benefits

    total $30,535 · program services $30,535

  • 11a · Fees: management

    total $91,865 · management and general $91,865

  • 11b · Fees: legal

    total $6,663 · management and general $6,663

  • 11c · Fees: accounting

    total $46,850 · management and general $46,850

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $55,621 · program services $55,621

  • 14 · Information technology

    total $6,770 · program services $6,770

  • 16 · Occupancy

    total $756,544 · program services $756,544

  • 17 · Travel

    total $3,689 · program services $3,689

  • 19 · Conferences, conventions and meetings

    total $446 · program services $446

  • 22 · Depreciation, depletion and amortization

    total $190,312 · program services $190,312

  • 23 · Insurance

    total $127,283 · program services $127,283

  • 24a · Other expenses: Bad Debt Expense

    total $10,830 · program services $10,830

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $427,618 · end of year $324,900

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $4,031,975

  • 4 · Accounts receivable

    beginning of year $31,463 · end of year $59,144

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $1,992,176 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $55,333 · end of year $27,831

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

    $6,392,606

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

    $1,551,362

  • 10c · Land, buildings and equipment, net

    beginning of year $4,342,609 · end of year $4,841,244

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $7,630,693 · end of year $12,142,710

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,153 · end of year $186,890

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $3,009,519 · end of year $4,727,315

  • 25 · Other liabilities

    beginning of year $5,816,365 · end of year $2,262,228

  • 27 · Net assets without donor restrictions

    beginning of year $5,496,855 · end of year $14,251,371

Mission and programs · 2022

Mission

The organization's mission is to provide affordable housing options to the elderly and low income families. It owns and operates housing for elderly, poor, distressed, under privileged, and disabled persons.

  • PROVIDE AFFORDABLE HOUSING OPTIONS TO THE ELDERLY AND LOW INCOME FAMILIES.

    Expenses $1,361,930 · Revenue $5,289,795

As filed on the 2022 return.

Listed in Part VII

  • Douglass Smith

    Director/President

    Total calculated
    $514,502
    From this org
    $0
    From related orgs
    $481,362
    Other
    $33,140
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $481,362 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $20,940 related
    Filer's total
    $0 + $514,502 related

  • Jim Ridenour

    Director/Chairman

    Total calculated
    $136,250
    From this org
    $0
    From related orgs
    $136,250
    Other
    $0
    Hours/week
    1 + 11 related

  • Jo Ann Corbitt

    Director

    Total calculated
    $83,250
    From this org
    $0
    From related orgs
    $83,250
    Other
    $0
    Hours/week
    1 + 6 related

  • John G Foos

    DIRECTOR

    Total calculated
    $77,500
    From this org
    $0
    From related orgs
    $77,500
    Other
    $0
    Hours/week
    1 + 6 related

  • Laura Hawken

    Director

    Total calculated
    $64,250
    From this org
    $0
    From related orgs
    $64,250
    Other
    $0
    Hours/week
    1 + 6 related

  • Stephen F Wood Jr

    DIRECTOR

    Total calculated
    $75,000
    From this org
    $0
    From related orgs
    $75,000
    Other
    $0
    Hours/week
    1 + 6 related

  • Andrea Barach

    VP AND CORPORATE SECRETARY

    Total calculated
    $293,233
    From this org
    $0
    From related orgs
    $273,577
    Other
    $19,656
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,577 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,821 related
    Nontaxable benefits
    $0 + $8,835 related
    Filer's total
    $0 + $293,233 related

  • Christopher Louder

    VP Finance

    Total calculated
    $234,920
    From this org
    $0
    From related orgs
    $201,072
    Other
    $33,848
    Hours/week
    2.5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $201,072 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,622 related
    Nontaxable benefits
    $0 + $25,226 related
    Filer's total
    $0 + $234,920 related

  • John E Gillmor

    Former Director

    Total calculated
    $54,100
    From this org
    $0
    From related orgs
    $54,100
    Other
    $0
    Hours/week
    0 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $54,100 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $54,100 related

  • Stephen F Wood Sr

    Former Director

    Total calculated
    $56,000
    From this org
    $0
    From related orgs
    $56,000
    Other
    $0
    Hours/week
    0 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $56,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $56,000 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

None.

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.

  • Caspian Hills Community Housing GP LLC

    Housing for low-income and elderly persons · TN · income $0 · assets -$76,492

    Directly controlled by HOOSIER HOUSING GROUP INC

  • Cleveland Summit GP LLC

    Housing for low-income and elderly persons · TN · income $0 · assets -$88

    Directly controlled by HOOSIER HOUSING GROUP INC

  • FLENNIKEN SQUARE HOUSING LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $16,174 · assets $1,399,566

    Directly controlled by HOOSIER HOUSING GROUP INC

  • Hoosier Housing Investments LLC

    Housing for low-income and elderly persons · TN · income $3,915,129 · assets $15,860,858

    Directly controlled by HOOSIER HOUSING GROUP INC

  • KENSINGTON TOWNHOMES LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income -$34,166 · assets $592,290

    Directly controlled by HOOSIER HOUSING GROUP INC

  • Lebanon Road Senior Living GP LLC

    Housing for low-income and elderly persons · TN · income $18,767 · assets $51,765

    Directly controlled by HOOSIER HOUSING GROUP INC

  • SOUTH RIDGE HOUSING LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income -$3,018 · assets $2,666,535

    Directly controlled by HOOSIER HOUSING GROUP INC

  • Dublin GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $54,431 · assets $933,370

    Directly controlled by HOOSIER HOUSING GROUP INC

  • Marshall Gardens GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $0 · assets $0

    Directly controlled by HOOSIER HOUSING GROUP INC

  • JEFFERY MEADOWS GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $0 · assets $0

    Directly controlled by HOOSIER HOUSING GROUP INC

Related corporations and trusts

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

  • GATE MANOR HOUSING GP LLC

    C Corporation · AFFORDABLE HOUSING PROJECTS · TN

    Directly controlled by NA

  • KNOXVILLE HOUSING PORTFOLIO GP LLC

    C Corporation · AFFORDABLE HOUSING PROJECTS · TN

    Directly controlled by NA

  • JACKSON HOUSING PORTFOLIO GP LLC

    C Corporation · AFFORDABLE HOUSING PROJECTS · TN

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
27 March 2024
IRS schema version
2022v5.0
Source object
202410879349301011

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