Form 990 for tax year 2023
Filed by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $8,466,328
- Total expenses
- $5,664,930
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,428,516
- Investment income
- $6,037,812
- Other revenue
- $0
- Total assets, end of year
- $286,589,603
- Total liabilities, end of year
- $2,420,926
- Net assets or fund balances, end of year
- $284,168,677
- Program services expenses (Part IX)
- $5,428,816
- Management and general expenses
- $236,114
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,428,816
Program services were 95.8% 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.
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2a · Program service revenue: OTHER DEVELOPMENT INCOME
total $2,138,706 · related or exempt $2,138,706
-
2b · Program service revenue: HARD INTEREST REVENUE
total $287,687 · related or exempt $287,687
-
2c · Program service revenue: SOFT INTEREST ACCRUAL
total $2,123 · related or exempt $2,123
-
3 · Investment income
total $6,037,812 · excluded $6,037,812
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $118,646 · management and general $118,646
-
9 · Other employee benefits
total $34,766 · management and general $34,766
-
11a · Fees: management
total $45,000 · management and general $45,000
-
11b · Fees: legal
total $364 · management and general $364
-
11c · Fees: accounting
total $5,000 · management and general $5,000
-
11g · Fees: other
total $154,088 · program services $154,088
-
13 · Office expenses
total $24,519 · management and general $24,519
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23 · Insurance
total $7,819 · management and general $7,819
-
24a · Other expenses: AMORTIZATION EXPENSE
total $3,423,181 · program services $3,423,181
-
24b · Other expenses: DEVELOPMENT EXPENSE
total $1,462,613 · program services $1,462,613
-
24c · Other expenses: SITE PREPARATION WORK
total $388,934 · program services $388,934
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $118,845,452 · end of year $116,238,870
-
4 · Accounts receivable
beginning of year $633,962 · end of year $715,724
-
7 · Other notes and loans receivable
beginning of year $145,418,717 · end of year $152,554,586
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10a · Land, buildings and equipment: cost or other basis
$605,178
-
10c · Land, buildings and equipment, net
beginning of year $605,178 · end of year $605,178
-
11 · Investments: publicly traded securities
beginning of year $2,682,761 · end of year $2,877,977
-
15 · Other assets
beginning of year $13,488,283 · end of year $13,597,268
-
17 · Accounts payable and accrued expenses
beginning of year $416,061 · end of year $2,420,926
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $281,258,292 · end of year $284,168,677
Mission and programs · 2023
Mission
TO PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES BY PARTICIPATING IN MIXED FINANCE TRANSACTIONS WITH THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH
Activities or mission (Part I)
TO PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES BY PARTICPATING IN MIXED FINANCE TRANSACTIONS WITH THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH.
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ALLIES AND ROSS WAS CREATED BY THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH (HACP) TO PARTICIPATE IN AND/OR DEVELOP MIXED FINANCING TRANSACTIONS, BY RECEIVING GRANTS FROM THE HACP, AND IN TURN PROVIDE SHORT AND LONG TERM LOANS TO LIMITED PARTNERSHIPS FOR THE CREATION OF LOW-INCOME HOUSING UNITS. ALLIES AND ROSS WAS ALSO CREATED FOR THE PURPOSE OF FURTHERING HACP'S PURPOSE OF PROVIDING SAFE, DECENT, AND AFFORDABLE HOUSING WITHIN THE CITY OF PITTSBURGH.
Expenses $5,428,816 · Revenue $2,428,516
As filed on the 2023 return.
Listed in Part VII
-
AMY SHAFFER
SECRETARY
- Total calculated
- $76,954
- From this org
- $0
- From related orgs
- $61,206
- Other
- $15,748
- Hours/week
- 0.5 + 40 related
-
CASTER BINION
PRESIDENT AND CEO
- Total calculated
- $302,921
- From this org
- $0
- From related orgs
- $260,339
- Other
- $42,582
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $260,339 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $18,186 related
- Nontaxable benefits
- $0 + $24,396 related
- Filer's total
- $0 + $302,921 related
-
VALERIE MCDONALD ROBERTS
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 3 related
-
MARSHA GRAYSON
DIRECTOR
- Total calculated
- $171,489
- From this org
- $0
- From related orgs
- $158,171
- Other
- $13,318
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $158,171 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $12,495 related
- Nontaxable benefits
- $0 + $823 related
- Filer's total
- $0 + $171,489 related
-
BERNIE MCGINLEY
TREASURER
- Total calculated
- $195,601
- From this org
- $0
- From related orgs
- $153,386
- Other
- $42,215
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $153,386 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $12,487 related
- Nontaxable benefits
- $0 + $29,728 related
- Filer's total
- $0 + $195,601 related
-
MAJESTIC LANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 3 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.
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HOUSING AUTHORITY CITY OF PITTSBURGH
GOV ENTITY · TO PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES · PA
-
501(C)(3) · TO SUPPORT EDUCATIONAL OPPORTUNITIES AND HUMAN AND SOCIAL SERVICE PROGRAMS · PA
Directly controlled by HOUSING AUTHORITY OF CITY OF PITTSBURGH
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.
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TO DIRECTLY SUPPORT ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION · PA
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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ALLIES PROPERTY MANAGEMENT GROUP LLC
PROPERTY MANAGEMENT OF MIXED FINANCE PROJECTS · PA
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
OWNERSHIP OF MANCHESTER LIMITED PARTNERSHIPS · PA
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
OWNERSHIP OF MURRAY TOWERS HOUSING DEVELOPMENT · PA
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
OWNERSHIP OF THE NORTHVIEW MIDRISE PROPERTY · PA
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
DEVELOPMENT OF LOW-INCOME PROPERTIES · PA
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
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MANCHESTER HOUSING PARTNERSHIP LP I
RELATED · LOW INCOME HOUSING · PA · 1% owned · share of income -$8,473 · share of assets $185,561 · general or managing partner
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
MANCHESTER HOUSING PARTNERSHIP LP I
RELATED · LOW INCOME HOUSING · PA · 98.99% owned · share of income -$838,717 · share of assets $18,368,704
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
MANCHESTER HOUSING PARTNERSHIP LP II
RELATED · LOW INCOME HOUSING · PA · 1% owned · share of income -$6,588 · share of assets $57,420 · general or managing partner
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
MANCHESTER HOUSING PARTNERSHIP LP II
RELATED · LOW INCOME HOUSING · PA · 98.99% owned · share of income -$652,243 · share of assets $5,684,040
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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MANCHESTER HOUSING PARTNERSHIP LP III
RELATED · LOW INCOME HOUSING · PA · 0.38% owned · share of income -$1,471 · share of assets $15,450 · general or managing partner
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
MANCHESTER HOUSING PARTNERSHIP LP III
RELATED · LOW INCOME HOUSING · PA · 99.5% owned · share of income -$390,148 · share of assets $4,099,469
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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MANCHESTER HOUSING PARTNERSHIP LP IV
RELATED · LOW INCOME HOUSING · PA · 0.49% owned · share of income -$2,170 · share of assets $20,232 · general or managing partner
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
MANCHESTER HOUSING PARTNERSHIP LP IV
RELATED · LOW INCOME HOUSING · PA · 99.5% owned · share of income -$432,196 · share of assets $4,030,252
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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RELATED · LOW INCOME HOUSING · OH
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
RELATED · LOW INCOME HOUSING · OH
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
RELATED · LOW INCOME HOUSING · OH
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
RELATED · LOW INCOME HOUSING · OH
Directly controlled by ALLIES AND ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
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C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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ARMDC-LARIMER-EAST LIBERTY I INC
C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
ARMDC-LARIMER-EAST LIBERTY II INC
C · REAL ESTATE DEVELOPMENT · PA · 100% owned · controlled entity
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
C · REAL ESTATE DEVELOPMENT · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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ARMDC-LARIMER-EAST LIBERTY III INC
C · REAL ESTATE DEVELOPMENT · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
C · REAL ESTATE DEVELOPMENT · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
C · REAL ESTATE DEVELOPMENT · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
C · REAL ESTATE DEVELOPMENT · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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ARMDC-ALLEGHENY DWELLINGS I INC
C · REAL ESTATE DEVELOPMENT · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
ARMDC-LARIMER-EAST LIBERTY IV INC
C · REAL ESTATE DEVELOPMENT · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
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C · LOW INCOME HOUISNG · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
C · LOW INCOME HOUISNG · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
-
C · LOW INCOME HOUISNG · PA · 100% owned
Directly controlled by ALLIES & ROSS MANAGEMENT AND DEVELOPMENT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 31 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433059349300223
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