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Nonprofiteer
← PIEDMONT HOUSING ALLIANCE INCORPORATED

Form 990 for tax year 2022

Filed by PIEDMONT HOUSING ALLIANCE INCORPORATED.

Totals

Total revenue
$5,943,516
Total expenses
$5,453,437
Contributions and grants received
$3,630,593
Grants paid
$85,000
Program service revenue
$1,642,319
Investment income
$332,108
Other revenue
$338,496
Total assets, end of year
$42,211,743
Total liabilities, end of year
$17,497,915
Net assets or fund balances, end of year
$24,713,828
Program services expenses (Part IX)
$4,475,976
Management and general expenses
$620,058
Fundraising expenses
$357,403
Program service expenses (Part III)
$4,475,976

Program services were 82.1% 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)

    $2,313,599

  • 1f · All other contributions, gifts and grants

    $1,316,994

  • 2a · Program service revenue: PROPERTY MANGEMENT FEES

    total $1,642,319 · related or exempt $1,642,319

  • 3 · Investment income

    total $332,108 · excluded $332,108

  • 6a · Gross rents

    real property $134,782

  • 6b · Less rental expenses

    real property $160,920

  • 6c · Rental income or loss

    real property -$26,138

  • 6d · Net rental income or loss

    total -$26,138 · related or exempt -$26,138

  • 10a · Gross sales of inventory

    $356,748

  • 10b · Cost of goods sold

    $392,423

  • 10c · Net income from sales of inventory

    total -$35,675 · related or exempt -$35,675

  • 11a · Other revenue: PTR/S CORP GROSS INCOME

    total $219,477 · related or exempt $219,477

  • 11b · Other revenue: MISCELLANEOUS

    total $180,832 · related or exempt $180,832

  • 11e · Other revenue, total

    $400,309

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $85,000 · program services $85,000

  • 5 · Compensation of officers, directors and key employees

    total $414,049 · program services $345,076 · management and general $41,467 · fundraising $27,506

  • 7 · Other salaries and wages

    total $2,704,754 · program services $2,254,187 · management and general $270,885 · fundraising $179,682

  • 8 · Pension plan contributions

    total $119,704 · program services $90,228 · management and general $27,027 · fundraising $2,449

  • 9 · Other employee benefits

    total $341,637 · program services $276,183 · management and general $53,648 · fundraising $11,806

  • 10 · Payroll taxes

    total $249,069 · program services $210,084 · management and general $23,550 · fundraising $15,435

  • 11a · Fees: management

    total $98,731 · program services $35,391 · management and general $46,223 · fundraising $17,117

  • 11b · Fees: legal

    total $5,382 · program services $5,382

  • 11g · Fees: other

    total $284,589 · program services $171,860 · management and general $43,116 · fundraising $69,613

  • 12 · Advertising and promotion

    total $6,728 · program services $6,253 · fundraising $475

  • 13 · Office expenses

    total $17,837 · program services $5,978 · management and general $11,505 · fundraising $354

  • 16 · Occupancy

    total $125,345 · program services $108,913 · management and general $8,133 · fundraising $8,299

  • 17 · Travel

    total $4,227 · program services $3,129 · management and general $1,065 · fundraising $33

  • 19 · Conferences, conventions and meetings

    total $71,441 · program services $41,250 · management and general $25,586 · fundraising $4,605

  • 20 · Interest

    total $349,811 · program services $356,104 · management and general -$6,293

  • 22 · Depreciation, depletion and amortization

    total $6,715 · management and general $6,715

  • 23 · Insurance

    total $13,301 · program services $1,746 · management and general $11,555

  • 24a · Other expenses: PROGRAM EXPENSES

    total $366,243 · program services $361,701 · management and general $4,014 · fundraising $528

  • 24b · Other expenses: MAINTENANCE AND REPAIR

    total $99,551 · program services $72,095 · management and general $22,476 · fundraising $4,980

  • 24c · Other expenses: TELEPHONE

    total $44,993 · program services $32,541 · management and general $12,010 · fundraising $442

  • 24d · Other expenses: RECOGNITION/SPECIAL EVENT

    total $19,540 · program services $5,738 · management and general $701 · fundraising $13,101

  • 24e · All other expenses

    total $24,790 · program services $7,137 · management and general $16,675 · fundraising $978

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $36 · end of year $36

  • 2 · Savings and temporary cash investments

    beginning of year $11,718,445 · end of year $6,480,700

  • 3 · Pledges and grants receivable

    beginning of year $296,290 · end of year $421,041

  • 4 · Accounts receivable

    beginning of year $3,778,218 · end of year $3,849,985

  • 7 · Other notes and loans receivable

    beginning of year $9,795,133 · end of year $12,394,494

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,301 · end of year $55,398

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

    $5,680,233

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

    $508,193

  • 10c · Land, buildings and equipment, net

    beginning of year $5,219,047 · end of year $5,172,040

  • 15 · Other assets

    beginning of year $9,353,029 · end of year $13,838,049

  • 17 · Accounts payable and accrued expenses

    beginning of year $189,334 · end of year $412,670

  • 19 · Deferred revenue

    beginning of year $299,482 · end of year $5,251,477

  • 23 · Secured mortgages and notes payable

    beginning of year $394,336 · end of year $384,239

  • 24 · Unsecured notes and loans payable

    beginning of year $15,074,323 · end of year $11,441,195

  • 25 · Other liabilities

    beginning of year $1,275 · end of year $8,334

  • 27 · Net assets without donor restrictions

    beginning of year $15,267,879 · end of year $14,764,094

  • 28 · Net assets with donor restrictions

    beginning of year $8,955,870 · end of year $9,949,734

Mission and programs · 2022

Mission

CREATE HOUSING AND COMMUNITY DEVELOPMENT OPPORTUNITIES FOR VERY LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS, TEACH FINANCIAL LITERACY AND MANAGEMENT, HOMEBUYING AND HOMEOWNERSHIP SKILLS, AND ADVOCATES FOR AFFORDABLE HOUSING POLICIES AND PROGRAMS.

  • TO ASSIST LOW INCOME INDIVIDUALS WITH AFFORDABLE HOUSING.

    Expenses $4,475,976 · Grants $85,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ROXANNE CARTER-JOHNSTON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • KRYSTAL VEST

    VICE PRES./S

    Total calculated
    $0
    Hours/week
    1

  • KEN SHEVLIN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARJORIE ADAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JAY BARTLOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • VICTORIA CARTWRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ANVEL COATES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELLY EVANS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SARAH MCLEAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SHAWN PENDLETON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • FRANK STONER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUNSHINE MATHON

    EXECUTIVE DI

    Total calculated
    $175,048
    From this org
    $175,048
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,048
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $175,048

  • CHARLENE GREEN

    DEPUTY DIREC

    Total calculated
    $118,513
    From this org
    $118,513
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • WILLIAM BUSH

    CFO

    Total calculated
    $120,488
    From this org
    $120,488
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • MELODY JACKSON

    DIRECTOR OF

    Total calculated
    $101,291
    From this org
    $101,291
    From related orgs
    $0
    Other
    $0
    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. 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.

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 January 2024
IRS schema version
2022v5.0
Source object
202400189349300235

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