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Nonprofiteer
← ASSISI HOUSING CORPORATION

Form 990 for tax year 2024

Filed by ASSISI HOUSING CORPORATION.

Totals

Total revenue
$349,543
Total expenses
$341,474
Contributions and grants received
$45,000
Grants paid
$0
Program service revenue
$294,670
Investment income
$9,445
Other revenue
$428
Total assets, end of year
$2,485,160
Total liabilities, end of year
$2,958,149
Net assets or fund balances, end of year
-$472,989
Program services expenses (Part IX)
$334,369
Management and general expenses
$7,105
Fundraising expenses
$0
Program service expenses (Part III)
$334,369

Program services were 97.9% 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.

  • 1f · All other contributions, gifts and grants

    $45,000

  • 1g · Noncash contributions included above

    $45,000

  • 2a · Program service revenue: RENTAL INCOME

    total $275,087 · related or exempt $275,087

  • 2b · Program service revenue: SUPPORTIVE SVCS FEES

    total $19,583 · related or exempt $19,583

  • 3 · Investment income

    total $9,445 · excluded $9,445

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: LAUNDRY INCOME

    total $428 · related or exempt $428

  • 11e · Other revenue, total

    $428

Functional expenses

Part IX, the statement of functional expenses.

  • 10 · Payroll taxes

    total $6,693 · program services $6,693

  • 11a · Fees: management

    total $12,000 · program services $9,600 · management and general $2,400

  • 11b · Fees: legal

    total $2,785 · management and general $2,785

  • 11c · Fees: accounting

    total $16,046 · program services $16,046

  • 11g · Fees: other

    total $63,645 · program services $63,645

  • 13 · Office expenses

    total $4,205 · program services $3,574 · management and general $631

  • 16 · Occupancy

    total $97,348 · program services $97,348

  • 20 · Interest

    total $13,164 · program services $13,164

  • 22 · Depreciation, depletion and amortization

    total $98,210 · program services $98,210

  • 23 · Insurance

    total $19,416 · program services $19,416

  • 24a · Other expenses: TELEPHONE AND INTERNET

    total $5,725 · program services $4,866 · management and general $859

  • 24b · Other expenses: VEHICLE EXPENSES

    total $1,075 · program services $645 · management and general $430

  • 24c · Other expenses: OPERATIONAL EXPENSES

    total $1,162 · program services $1,162

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $94,634 · end of year $105,298

  • 4 · Accounts receivable

    beginning of year $923 · end of year $3,736

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

    $3,061,599

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

    $944,676

  • 10c · Land, buildings and equipment, net

    beginning of year $2,155,765 · end of year $2,116,923

  • 15 · Other assets

    beginning of year $244,425 · end of year $259,203

  • 17 · Accounts payable and accrued expenses

    beginning of year $42,474 · end of year $32,919

  • 21 · Escrow or custodial account liability

    beginning of year $1,445 · end of year $1,488

  • 23 · Secured mortgages and notes payable

    beginning of year $2,932,886 · end of year $2,923,742

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$481,058 · end of year -$472,989

Mission and programs · 2024

Mission

PROVIDE HOUSING FACILITIES TO INCOME ELIGIBLE INDIVIDUALS AND FAMILIES INTENDED TO MEET THEIR PHYSICAL, SOCIAL, ECONOMIC AND PSYCHOLOGICAL NEEDS.

  • PROVIDE CLEAN, SAFE AND AFFORDABLE HOUSING UNITS TO 17 FAMILIES WITH LOW OR MODERATE INCOMES AND PROVIDED SUPPORTIVE SERVICES TO THESE FAMILIES.

    Expenses $334,369 · Revenue $349,543

As filed on the 2024 return.

Listed in Part VII

  • Edgar M Da Cunha

    PRESIDENT TREASURER AND DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Kevin Kiley

    CLERK

    Total calculated
    $0
    Hours/week
    0.1

  • Jeffrey Sherman

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 35 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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
19 January 2026
IRS schema version
2024v5.2
Source object
202610239349300031

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