Totals
- Total revenue
- $2,261,877
- Total expenses
- $2,198,110
- Contributions and grants received
- $426,719
- Grants paid
- $0
- Program service revenue
- $1,820,824
- Investment income
- $0
- Other revenue
- $14,334
- Total assets, end of year
- $22,326,592
- Total liabilities, end of year
- $12,405,580
- Net assets or fund balances, end of year
- $9,921,012
- Program services expenses (Part IX)
- $2,191,035
- Management and general expenses
- $7,075
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,191,035
Program services were 99.7% 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.
-
1f · All other contributions, gifts and grants
$426,719
-
2a · Program service revenue: TENANT RENT
total $1,355,501 · related or exempt $1,355,501
-
2b · Program service revenue: PROGRAM SERVICE FEES
total $465,323 · related or exempt $465,323
-
6a · Gross rents
real property $85,168
-
6b · Less rental expenses
real property $70,834
-
6c · Rental income or loss
real property $14,334
-
6d · Net rental income or loss
total $14,334 · unrelated business $14,334
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $12,000 · program services $12,000
-
10 · Payroll taxes
total $1,178 · program services $1,178
-
11b · Fees: legal
total $14,138 · program services $14,138
-
11c · Fees: accounting
total $25,580 · program services $25,580
-
11g · Fees: other
total $39,469 · program services $33,239 · management and general $6,230
-
13 · Office expenses
total $33,092 · program services $32,247 · management and general $845
-
16 · Occupancy
total $348,069 · program services $348,069
-
20 · Interest
total $41,092 · program services $41,092
-
23 · Insurance
total $110,121 · program services $110,121
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $551,867 · program services $551,867
-
24b · Other expenses: DEPRECIATION
total $539,604 · program services $539,604
-
24c · Other expenses: SOCIAL SERVICE FEE
total $198,000 · program services $198,000
-
24d · Other expenses: MAINTENANCE SERVICE FEE
total $153,000 · program services $153,000
-
24e · All other expenses
total $130,900 · program services $130,900
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,558,264 · end of year $1,812,290
-
2 · Savings and temporary cash investments
beginning of year $91,733 · end of year $39,001
-
4 · Accounts receivable
beginning of year $69,010 · end of year $50,742
-
9 · Prepaid expenses and deferred charges
beginning of year $1,957 · end of year $5,782
-
10a · Land, buildings and equipment: cost or other basis
$26,396,113
-
10b · Land, buildings and equipment: accumulated depreciation
$6,106,659
-
10c · Land, buildings and equipment, net
beginning of year $19,571,233 · end of year $20,289,454
-
15 · Other assets
beginning of year $113,623 · end of year $129,323
-
17 · Accounts payable and accrued expenses
beginning of year $38,449 · end of year $158,197
-
19 · Deferred revenue
beginning of year $27,881 · end of year $22,433
-
21 · Escrow or custodial account liability
beginning of year $104,470 · end of year $120,170
-
23 · Secured mortgages and notes payable
beginning of year $11,607,986 · end of year $12,104,780
-
27 · Net assets without donor restrictions
beginning of year $9,439,107 · end of year $9,480,674
-
28 · Net assets with donor restrictions
beginning of year $187,927 · end of year $440,338
Mission and programs · 2024
Mission
PRODUCTION AND OPERATION OF PERMANENT AFFORDABLE HOUSING AND TRANSITIONAL LIVING FOR HOMELESS AND WORKING POOR FAMILIES.
-
PRODUCTION AND OPERATION OF PERMANENT AFFORDABLE HOUSING AND TRANSITIONAL LIVING FOR HOMELESS AND WORKING POOR FAMILIES.
Expenses $2,191,035
As filed on the 2024 return.
Listed in Part VII
-
Celia Murphee BernsteinCELIA MURPHEE BERNSTEIN
EXECUTIVE DI
- Total calculated
- $12,000
- From this org
- $12,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Barry J FreedmanBARRY J FREEDMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Dana IrlbacherDANA IRLBACHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Ann KoscoANN KOSCO
CO-CHAIRPERS
- Total calculated
- $0
- Hours/week
- 2
-
Martha LamarMARTHA LAMAR
CO-CHAIRPERS
- Total calculated
- $0
- Hours/week
- 2
-
Mark OlinskyMARK OLINSKY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Sam OrlandoSAM ORLANDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Maria SierraMARIA SIERRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jacqueline StaceyJACQUELINE STACEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Leo StinsonLEO STINSON
TRUSTEE
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 9 February 2025
- IRS schema version
- 2024v5.0
- Source object
- 202620449349302357
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