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Nonprofiteer
← TENANTS TO HOMEOWNERS INC

Form 990 for tax year 2024

Filed by TENANTS TO HOMEOWNERS INC.

Totals

Total revenue
$3,467,268
Total expenses
$1,814,033
Contributions and grants received
$2,987,827
Grants paid
$129,178
Program service revenue
$902,482
Investment income
$5,583
Other revenue
-$428,624
Total assets, end of year
$15,813,681
Total liabilities, end of year
$5,378,544
Net assets or fund balances, end of year
$10,435,137
Program services expenses (Part IX)
$1,449,200
Management and general expenses
$355,770
Fundraising expenses
$9,063
Program service expenses (Part III)
$1,449,200

Program services were 79.9% 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)

    $2,825,076

  • 1f · All other contributions, gifts and grants

    $162,751

  • 2a · Program service revenue: RENTAL INCOME

    total $718,829 · related or exempt $718,829

  • 2b · Program service revenue: PROGRAM INCOME

    total $183,653 · related or exempt $183,653

  • 3 · Investment income

    total $5,583 · excluded $5,583

  • 10a · Gross sales of inventory

    $1,725,000

  • 10b · Cost of goods sold

    $2,153,624

  • 10c · Net income from sales of inventory

    total -$428,624 · related or exempt -$428,624

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $129,178 · program services $129,178

  • 5 · Compensation of officers, directors and key employees

    total $94,964 · program services $56,978 · management and general $37,036 · fundraising $950

  • 7 · Other salaries and wages

    total $499,848 · program services $299,909 · management and general $194,941 · fundraising $4,998

  • 9 · Other employee benefits

    total $58,371 · program services $35,023 · management and general $22,765 · fundraising $583

  • 10 · Payroll taxes

    total $49,541 · program services $29,725 · management and general $19,321 · fundraising $495

  • 11c · Fees: accounting

    total $80,679 · program services $48,407 · management and general $31,465 · fundraising $807

  • 11g · Fees: other

    total $5,199 · program services $5,199

  • 13 · Office expenses

    total $86,349 · program services $51,810 · management and general $33,676 · fundraising $863

  • 14 · Information technology

    total $21,550 · program services $12,930 · management and general $8,405 · fundraising $215

  • 16 · Occupancy

    total $82,920 · program services $77,427 · management and general $5,355 · fundraising $138

  • 17 · Travel

    total $11,415 · program services $11,415

  • 19 · Conferences, conventions and meetings

    total $12,432 · program services $12,432

  • 20 · Interest

    total $31,441 · program services $31,441

  • 22 · Depreciation, depletion and amortization

    total $274,824 · program services $274,824

  • 23 · Insurance

    total $78,696 · program services $78,696

  • 24a · Other expenses: REPAIRS/RENTAL MAINT

    total $234,818 · program services $234,818

  • 24b · Other expenses: LCHT EXPENSE

    total $34,156 · program services $34,156

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $1,868 · management and general $1,868

  • 24d · Other expenses: STAFF SUPPORT

    total $1,451 · program services $871 · management and general $566 · fundraising $14

  • 24e · All other expenses

    total $24,333 · program services $23,961 · management and general $372

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,797 · end of year $515,628

  • 4 · Accounts receivable

    beginning of year $159,116 · end of year $169,735

  • 7 · Other notes and loans receivable

    beginning of year $799,348 · end of year $799,252

  • 8 · Inventories for sale or use

    beginning of year $3,772,272 · end of year $4,633,112

  • 9 · Prepaid expenses and deferred charges

    beginning of year $69,750 · end of year $51,357

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

    $11,756,423

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

    $2,234,856

  • 10c · Land, buildings and equipment, net

    beginning of year $8,636,634 · end of year $9,521,567

  • 12 · Investments: other securities

    beginning of year $66,722 · end of year $66,722

  • 15 · Other assets

    beginning of year $42,843 · end of year $56,308

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,083 · end of year $127,777

  • 19 · Deferred revenue

    beginning of year $2,386,401 · end of year $1,850,000

  • 23 · Secured mortgages and notes payable

    beginning of year $2,567,769 · end of year $2,869,411

  • 25 · Other liabilities

    beginning of year $72,985 · end of year $531,356

  • 27 · Net assets without donor restrictions

    beginning of year $8,563,639 · end of year $10,277,297

  • 28 · Net assets with donor restrictions

    beginning of year $212,605 · end of year $157,840

Mission and programs · 2024

Mission

TO BUILD STABILITY FOR FAMILIES AND COMMUNITY THROUGH AFFORDABLE HOUSING.

  • TENANTS TO HOMEOWNERS, INC. DEVELOPS OR ACQUIRES PROPERTY FOR THE PURPOSE OF REHABILITATING, RENTING OR SELLING HOMES IN TRUST TO LOW AND MODERATE- INCOME RESIDENTS IN THE LAWRENCE COMMUNITY. DURING 2024 TTH MANAGED 140 RENTAL UNITS FOR LOW-INCOME RESIDENTS. TTH STEWARDED REAL ESTATE TRANSACTIONS, MAKING 14 NEW FAMILIES HOMEOWNERS AND ADDED 10 NEW HOMES TO THE TRUST FOR A TOTAL OF 114 PERMANENTLY AFFORDABLE HOMEOWNERSHIP UNITS.

    Expenses $1,449,200 · Grants $129,178 · Revenue $902,482

As filed on the 2024 return.

Listed in Part VII

  • Ashley Zeller

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Emily Blevins

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2
  • Chelsea Farmer

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Suzanne Kerich

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Mike Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marie Alice L'Heureux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Chad Krause

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Erin Maigaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Angela Winn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kim Barbee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Emily Hamblin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rolf Petermann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rebecca Buford

    EXECUTIVE DI

    Total calculated
    $105,986
    From this org
    $94,964
    From related orgs
    $0
    Other
    $11,022
    Hours/week
    40

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.

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.

  • 9 DEL LOFTS LP

    DEVELOPER · KS · 0.01% owned

  • LCHT ACCESSIBLE HOUSING LLC

    DEVELOPER · KS · 0.01% owned

  • LAWRENCE PROPERTY PARTNERS

    DEVELOPER · KS · 0.01% owned

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.0
Source object
202503159349301210

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