Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $46,545

• 1f · All other contributions, gifts and grants

  $1,365,224

• 1g · Noncash contributions included above

  $12,500

• 2a · Program service revenue: SERVICE/SALE CONTRACTS

  total $47,249,554 · related or exempt $47,249,554

• 2b · Program service revenue: HOUSING/PROPERTY MANAGEMENT

  total $10,330,705 · related or exempt $10,330,705

• 2c · Program service revenue: RELATED ENTITY MANAGEMENT FEES

  total $170,373 · related or exempt $170,373

• 2d · Program service revenue: OTHER PROGRAM REVENUE

  total $5,859 · related or exempt $5,859

• 3 · Investment income

  total $162,031 · excluded $162,031

• 6a · Gross rents

  real property $186,142

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $186,142

• 6d · Net rental income or loss

  total $186,142 · unrelated business $500 · excluded $185,642

• 7a · Gross sales of assets other than inventory

  other assets $2,780,363

• 7b · Less cost or other basis and sales expenses

  other assets $1,398,469

• 7c · Gain or loss

  other assets $1,381,894

• 7d · Net gain or loss

  total $1,381,894 · excluded $1,381,894

• 8a · Fundraising events: gross income

  $7,480

• 8a · Fundraising events: contributions included on line 1c

  $46,545

• 8b · Fundraising events: direct expenses

  $33,581

• 8c · Net income from fundraising events

  total -$26,101 · excluded -$26,101

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,009,965 · program services $536,826 · management and general $473,139

• 7 · Other salaries and wages

  total $30,823,995 · program services $26,845,061 · management and general $3,978,934

• 8 · Pension plan contributions

  total $1,125,107 · program services $970,482 · management and general $154,625

• 9 · Other employee benefits

  total $6,205,163 · program services $5,199,093 · management and general $1,006,070

• 10 · Payroll taxes

  total $2,680,460 · program services $2,141,349 · management and general $539,111

• 11a · Fees: management

  total $50,261 · program services $50,261

• 11b · Fees: legal

  total $266,185 · program services $184,345 · management and general $81,840

• 11c · Fees: accounting

  total $67,685 · management and general $67,685

• 11d · Fees: lobbying

  total $30,000 · management and general $30,000

• 11e · Fees: professional fundraising services

  total $15,000 · fundraising $15,000

• 11f · Fees: investment management

  total $12,414 · management and general $12,414

• 11g · Fees: other

  total $5,861,366 · program services $4,326,090 · management and general $1,535,276

• 12 · Advertising and promotion

  total $106,944 · program services $13,001 · management and general $93,943

• 13 · Office expenses

  total $339,161 · program services $188,093 · management and general $151,068

• 14 · Information technology

  total $748,873 · program services $199,418 · management and general $549,455

• 16 · Occupancy

  total $3,429,394 · program services $2,465,945 · management and general $963,449

• 17 · Travel

  total $717,480 · program services $572,195 · management and general $145,285

• 20 · Interest

  total $152,992 · management and general $152,992

• 22 · Depreciation, depletion and amortization

  total $3,549,347 · program services $3,060,850 · management and general $488,497

• 23 · Insurance

  total $776,000 · program services $712,178 · management and general $63,822

• 24a · Other expenses: MATERIALS

  total $4,163,957 · program services $4,163,957 · management and general $0 · fundraising $0

• 24b · Other expenses: EQUIPMENT

  total $672,789 · program services $636,455 · management and general $36,334 · fundraising $0

• 24c · Other expenses: HOUSING ADMIN

  total $626,756 · program services $626,756 · fundraising $0

• 24d · Other expenses: RECRUITMENT

  total $323,658 · program services $173 · management and general $323,485 · fundraising $0

• 24e · All other expenses

  total $165,016 · program services $130,805 · management and general $34,211

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,983,324 · end of year $6,662,312

• 4 · Accounts receivable

  beginning of year $7,282,684 · end of year $7,177,319

• 7 · Other notes and loans receivable

  beginning of year $2,461,800 · end of year $2,247,723

• 8 · Inventories for sale or use

  beginning of year $532,462 · end of year $548,951

• 9 · Prepaid expenses and deferred charges

  beginning of year $546,361 · end of year $731,944

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

  $90,974,532

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

  $36,693,355

• 10c · Land, buildings and equipment, net

  beginning of year $56,423,876 · end of year $54,281,177

• 15 · Other assets

  beginning of year $682,488 · end of year $654,181

• 17 · Accounts payable and accrued expenses

  beginning of year $5,059,160 · end of year $5,140,254

• 19 · Deferred revenue

  beginning of year $253,354 · end of year $267,524

• 23 · Secured mortgages and notes payable

  beginning of year $8,575,474 · end of year $8,355,912

• 25 · Other liabilities

  beginning of year $652,855 · end of year $118,327

• 27 · Net assets without donor restrictions

  beginning of year $61,258,152 · end of year $58,307,590

• 28 · Net assets with donor restrictions

  beginning of year $114,000 · end of year $114,000

The filer's explanations (Part III)

PART I, LINE 1A

FIRST-CLASS TRAVEL ON LIMITED OCCASIONS FOR CROSS COUNTRY TRAVEL AND GROSS UP PAYMENT FOR RELOCATION PAYMENT.

PART I, LINE 4A

MONIQUE HUNTER RECEIVED SEVERANCE COMPENSATION OF $53,839.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• INDEPENDENCE HOUSING I LLC

  LOW-INCOME HOUSING · OR · income $3,008,464 · assets $10,052,118

  Directly controlled by RELAY RESOURCES

• INDEPENDENCE HOUSING II LLC

  AFFORDABLE HOUSING · OR · income $7,495,932 · assets $31,264,617

  Directly controlled by RELAY RESOURCES

• TRILLIUM EQUITY LIMITED PARTNERSHIP

  HUD SECTION 8 LOW-INCOME HOUSING · OR

  Directly controlled by INDEPENDENCE HOUSING I LLC

• RELAY LIFT I LLC

  MULTI-FAMILY AFFORDABLE HOUSING · OR · income $1,216,054 · assets $11,259,671

  Directly controlled by RELAY RESOURCES

Related corporations and trusts

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

• AIRPORT WAY SOLAR CORPORATION

  C · SOLAR POWER GENERATION · OR · 100% owned · share of income $19,845 · share of assets $201,366 · controlled entity

  Directly controlled by RELAY RESOURCES