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← HOUSE OF DAVID PRESERVATION INC

Form 990 for tax year 2023

Filed by HOUSE OF DAVID PRESERVATION INC.

Totals

Total revenue
$7,025,573
Total expenses
$7,000,675
Contributions and grants received
$5,262,882
Grants paid
$0
Program service revenue
$1,547,304
Investment income
$215,387
Other revenue
$0
Total assets, end of year
$51,624,749
Total liabilities, end of year
$41,265,441
Net assets or fund balances, end of year
$10,359,308
Program services expenses (Part IX)
$6,622,310
Management and general expenses
$378,365
Fundraising expenses
$0
Program service expenses (Part III)
$6,622,310

Program services were 94.6% 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.

  • 1e · Government grants (contributions)

    $4,512,882

  • 1f · All other contributions, gifts and grants

    $750,000

  • 2a · Program service revenue: LOW INCOME HOUSING RENTAL

    total $1,547,304 · related or exempt $1,547,304

  • 3 · Investment income

    total $215,387 · excluded $215,387

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $31,200 · program services $31,200

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $1,210,801 · program services $1,210,801

  • 8 · Pension plan contributions

    total $18,673 · program services $18,673

  • 9 · Other employee benefits

    total $87,490 · program services $87,490

  • 10 · Payroll taxes

    total $111,810 · program services $111,810

  • 11a · Fees: management

    total $353,086 · program services $353,086

  • 11b · Fees: legal

    total $57,605 · management and general $57,605

  • 11c · Fees: accounting

    total $161,926 · management and general $161,926

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,136,965 · program services $1,081,465 · management and general $55,500

  • 12 · Advertising and promotion

    total $32,189 · program services $32,189

  • 13 · Office expenses

    total $142,654 · program services $71,327 · management and general $71,327

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,551,694 · program services $2,551,694

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $845,993 · program services $845,993

  • 23 · Insurance

    total $63,302 · program services $63,302

  • 24a · Other expenses: ELDERLY CARE

    total $149,046 · program services $149,046

  • 24b · Other expenses: BAD DEBT

    total $14,234 · program services $14,234

  • 24c · Other expenses: OTHER TAXES

    total $32,007 · management and general $32,007

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $149,758 · end of year $352,658

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $485,920 · end of year $636,972

  • 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 $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $124,255 · end of year $102,626

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

    $37,051,066

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

    $3,995,772

  • 10c · Land, buildings and equipment, net

    beginning of year $33,107,466 · end of year $33,055,294

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $13,136,118 · end of year $14,266,965

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $3,753,234 · end of year $3,210,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,594,337 · end of year $2,377,950

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $26,765 · end of year $19,297

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $121,335 · end of year $126,658

  • 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 $36,148,551 · end of year $35,993,187

  • 24 · Unsecured notes and loans payable

    beginning of year $2,327,549 · end of year $2,748,349

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $10,538,214 · end of year $10,359,308

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE ORGANIZATION PROVIDES AFFORDABLE HOUSING FOR THE ELDERLY, DISABLED AND LOW INCOME PERSONS AND FAMILIES

  • Affordable HOUSING FOR THE ELDERLY, DISABLED AND Low income Persons and FAMILIES under Section 8, Section 202 and Section 811 of the National Housing Act.

    Expenses $6,622,310 · Revenue $1,547,304

As filed on the 2023 return.

Listed in Part VII

  • Rabbi Israel Wilhelm

    President

    Total calculated
    $31,200
    From this org
    $30,000
    From related orgs
    $0
    Other
    $1,200
    Hours/week
    2

  • Rabbi Abraham Lapine

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Rabbi Levi Brook

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Deborah Friedman

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • William Franklyn Richardson

    Director

    Total calculated
    $0
    Hours/week
    2

  • Russell Grundhauser

    Director

    Total calculated
    $0
    Hours/week
    2

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

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

  • Guild House I LP

    Affordable Ho · PA · 10% owned · share of income $60,996 · share of assets $509,272 · general or managing partner

    Directly controlled by House of David

  • Palomino Apartments LP

    Affordable Ho · TX · 20% owned · share of income $71,252 · share of assets $376,527 · general or managing partner

    Directly controlled by House of David

  • ST John Tower LLC

    Affordable Ho · NY · 10% owned · share of income $25,580 · share of assets $1,358,153 · general or managing partner

    Directly controlled by House of David

  • William Watters House GP LLC

    Affordable Ho · VA · 51% owned · share of income $26 · share of assets $94

    Directly controlled by House of David

  • Mayflower Manor Apartments GP LLC

    Affordable Ho · OH · 51% owned · share of income -$53 · share of assets $4,961,680

    Directly controlled by House of David

  • Casa Trevino Apartments HOD LLC

    Affordable Ho · TX · 99% owned · share of income $511 · share of assets $55,131

    Directly controlled by House of David

  • Cedar Green Housing HOD LLC

    Affordable Ho · TX · 99% owned · share of income -$563 · share of assets $87,170

    Directly controlled by House of David

  • Sarah Allen Elderly Housing LP

    AFFORDABLE HO · PA · 10% owned · share of income -$8,019 · share of assets $424,868 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Greenview Manor Senior Apartments LP

    AFFORDABLE HO · FL · 1% owned · share of income -$94 · share of assets $67,794 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Hacienda Villas Apartments LP

    AFFORDABLE HO · FL · 1% owned · share of income -$2,125 · share of assets $156,611 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Kappa House I LLC

    AFFORDABLE HO · OH · 99% owned · share of income $276 · share of assets $52,081 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Maple Woods Apartments HOD LLC

    AFFORDABLE HO · VA · 99% owned · share of income $3,537 · share of assets $133,335 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Shockoe I Apartments GP LLC

    AFFORDABLE HO · VA · 51% owned · share of income -$112 · share of assets $2,660,171

    Directly controlled by HOUSE OF DAVID

  • Alexian Court Apartments LP

    AFFORDABLE HO · MO · 1% owned · share of income $1,820 · share of assets $78,175 · general or managing partner

    Directly controlled by HOUSE OF DAVID

  • Bethany Manor Apartments Urban Renewal L

    Affordable Ho · NJ · 1% owned · share of income $16,916 · share of assets $253,598 · general or managing partner

    Directly controlled by House of David

  • De Freese Manor Apartments LP

    Affordable Ho · NE · 1% owned · share of income $1,773 · share of assets $26,635 · general or managing partner

    Directly controlled by House of David

  • Kenzie Senior Apartments LP

    Affordable Ho · MN · 1% owned · share of income -$674 · share of assets $202,848 · general or managing partner

    Directly controlled by House of David

  • Parker Square Apartments GP LLC

    Affordable Ho · MO · 51% owned · share of income -$1 · share of assets $2,760,911

    Directly controlled by House of David

  • Phillip Sims Apartments LDHA LP

    Affordable Ho · MI · 1% owned · share of income -$1,341 · share of assets $98,347

    Directly controlled by House of David

  • River Senior Apartments LP

    Affordable Ho · MN · 1% owned · share of income -$1,597 · share of assets $43,093 · general or managing partner

    Directly controlled by House of David

  • BV Affordable Housing LP

    Affordable Housin · 1% owned · share of income $132 · share of assets $37,660 · general or managing partner

  • Casa Trevino Elderly Apartments LP

    Affordable Housin · 0.99% owned · share of income $511 · share of assets $55,131 · general or managing partner

  • Cathay Manor Apartments LP

    Affordable Housin · 1% owned · share of income -$160,544 · share of assets $671,051

    Directly controlled by House of David

  • Cedar Green Senior Housing LP

    Affordable Housin · 0.99% owned · share of income -$563 · share of assets $87,170 · general or managing partner

  • GL Affordable Housing LP

    Affordable Housin · 1% owned · share of income $93 · share of assets $50,171 · general or managing partner

  • Kappa House I LP

    Affordable Housin · 0.99% owned · share of income $276 · share of assets $52,081 · general or managing partner

  • Maple Woods Elderly Apartments LP

    Affordable Housin · 0.99% owned · share of income $3,537 · share of assets $133,335 · general or managing partner

  • Mayflower Manor Apartments Ohio LP

    Affordable Housin · 0.005% owned · share of income -$53 · share of assets $4,961,680 · general or managing partner

  • Menorah Plaza Apartments LP

    Affordable Housin · 10% owned · share of income -$262,462 · share of assets $1,825,961 · general or managing partner

  • Parker Square Apartments Missouri LP

    Affordable Housin · 0.005% owned · share of income -$1 · share of assets $2,760,911 · general or managing partner

  • Restoration Plaza I & II LP

    Affordable Housin · 1% owned · share of income -$12,355 · share of assets $95,585 · general or managing partner

  • Shockoe I Apartments VA LP

    Affordable Housin · 0.008% owned · share of income -$112 · share of assets $2,660,171 · general or managing partner

  • Sir Walter Apartments LP

    Affordable Housin · 0.005% owned · share of income -$17 · share of assets $553,730 · general or managing partner

  • Sunshine Village Sarasota LP

    Affordable Housin · 1% owned · share of income $172 · share of assets $42,531 · general or managing partner

    Directly controlled by House of David

  • William Watters House LP

    Affordable Housin · 0.51% owned · share of income $26 · share of assets $94 · general or managing partner

  • Woodberry Apartments LP

    Affordable Housin · 0.005% owned · share of income -$72 · share of assets $4,312,778 · general or managing partner

Related corporations and trusts

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

  • HOD Prospect MM LLC

    C · Affordable Ho · NJ · 100% owned · share of income -$7 · share of assets -$52,054 · controlled entity

    Directly controlled by HOD Prospect Pa

  • VUM Sterling Park Inc

    C · AFFORDABLE HO · VA · 51% owned · share of income $26 · share of assets -$408 · controlled entity

    Directly controlled by HOUSE OF DAVID

  • Sir Walter Apartments GP LLC

    C · Affordable Ho · NC · 51% owned · share of income -$17 · share of assets $0 · controlled entity

  • Woodberry Apartments GP LLC

    C · Affordable Ho · DC · 51% owned · share of income -$72 · share of assets $387,140 · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511509349300901

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