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Nonprofiteer
← MDC RICHMOND AMERICAN HOMES FOUNDATION

Form 990 for tax year 2023

Filed by MDC RICHMOND AMERICAN HOMES FOUNDATION.

Totals

Total revenue
$6,174,055
Total expenses
$3,562,427
Contributions and grants received
$4,040,000
Grants paid
$3,453,825
Program service revenue
$0
Investment income
$2,109,083
Other revenue
$24,972
Total assets, end of year
$61,409,697
Total liabilities, end of year
$1,597,799
Net assets or fund balances, end of year
$59,811,898
Program services expenses (Part IX)
$3,453,825
Management and general expenses
$108,602
Fundraising expenses
$0
Program service expenses (Part III)
$3,453,825

Program services were 97.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $4,040,000

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $1,804,900 · related or exempt $0 · unrelated business $0 · excluded $1,804,900

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $37,040,788 · other assets $0

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

    securities $36,736,605 · other assets $0

  • 7c · Gain or loss

    securities $304,183 · other assets $0

  • 7d · Net gain or loss

    total $304,183 · related or exempt $0 · unrelated business $0 · excluded $304,183

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

    $0

  • 11a · Other revenue: Other Investment Income

    total $149 · related or exempt $0 · unrelated business $149 · excluded $0

  • 11b · Other revenue: Other Income

    total $24,823 · related or exempt $0 · unrelated business $0 · excluded $24,823

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $24,972

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,453,825 · program services $3,453,825

  • 11b · Fees: legal

    total $8,877 · management and general $8,877

  • 11c · Fees: accounting

    total $12,500 · management and general $12,500

  • 11f · Fees: investment management

    total $79,552 · management and general $79,552

  • 24a · Other expenses: BANK FEES

    total $7,126 · program services $0 · management and general $7,126 · fundraising $0

  • 24b · Other expenses: OTHER EXPENSES

    total $547 · program services $0 · management and general $547 · fundraising $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,816 · end of year $595,016

  • 2 · Savings and temporary cash investments

    beginning of year $1,381,118 · end of year $25,337,438

  • 3 · Pledges and grants receivable

    beginning of year $5,664,000 · end of year $4,040,000

  • 11 · Investments: publicly traded securities

    beginning of year $42,231,826 · end of year $25,101,688

  • 12 · Investments: other securities

    beginning of year $5,797,652 · end of year $6,320,893

  • 15 · Other assets

    end of year $14,662

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,069 · end of year $21,299

  • 18 · Grants payable

    beginning of year $2,013,600 · end of year $1,576,500

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 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 $53,080,743 · end of year $59,811,898

Mission and programs · 2023

Mission

AS WE LOOK TO THE FUTURE, WE'RE COMMITTED TO LENDING A HELPING HAND TO THOSE IN NEED, EMBRACING A DIVERSE CULTURE AND WORKING TOWARD SUSTAINABILITY.

  • THE FOUNDATION CONDUCTS A BROAD-BASED COMMUNITY GRANT PROGRAM, WHICH ALIGNS WITH AND FURTHERS ITS SUPPORTED ORGANIZATION'S CHARITABLE PURPOSES AND MISSION.

    Expenses $3,453,825 · Grants $3,453,825

As filed on the 2023 return.

Listed in Part VII

  • Larry Mizel

    CHAIRMAN, CEO, AND DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • David D Mandarich

    PRESIDENT AND DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Arlene Hirschfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Michael Pollak

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • David H Engleberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Joseph H Fretz

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • L Ludwell Jones IV

    VICE PRESIDENT AND TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Carrie K Delima

    VICE PRESIDENT & TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Michael L Kaplan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Clare E Wilson

    VICE PRESIDENT & TREASURER

    Total calculated
    $0
    Hours/week
    5

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

The 10 largest by cash amount. The API serves every itemized grant.

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
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202443179349306564

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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