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Nonprofiteer
← INTERFAITH HOUSING COALITION INC

Form 990 for tax year 2022

Filed by INTERFAITH HOUSING COALITION INC.

Totals

Total revenue
$778,424
Total expenses
$110,903
Contributions and grants received
$1,599
Grants paid
$0
Program service revenue
$15,799
Investment income
$761,026
Other revenue
$0
Total assets, end of year
$2,709,361
Total liabilities, end of year
$28,949
Net assets or fund balances, end of year
$2,680,412
Program services expenses (Part IX)
$110,903
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$110,903

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,599

  • 2a · Program service revenue: RENTAL INCOME

    total $15,799 · related or exempt $15,799

  • 3 · Investment income

    total $31,297 · excluded $31,297

  • 7a · Gross sales of assets other than inventory

    other assets $873,589

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

    other assets $143,860

  • 7c · Gain or loss

    other assets $729,729

  • 7d · Net gain or loss

    total $729,729 · excluded $729,729

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $9,191 · program services $9,191

  • 8 · Pension plan contributions

    total $106 · program services $106

  • 9 · Other employee benefits

    total -$113 · program services -$113

  • 10 · Payroll taxes

    total $766 · program services $766

  • 11b · Fees: legal

    total $646 · program services $646

  • 11c · Fees: accounting

    total $84 · program services $84

  • 11f · Fees: investment management

    total $2,219 · program services $2,219

  • 11g · Fees: other

    total $475 · program services $475

  • 13 · Office expenses

    total $883 · program services $883

  • 16 · Occupancy

    total $1,512 · program services $1,512

  • 17 · Travel

    total $2,049 · program services $2,049

  • 20 · Interest

    total $393 · program services $393

  • 22 · Depreciation, depletion and amortization

    total -$5,344 · program services -$5,344

  • 23 · Insurance

    total $109 · program services $109

  • 24a · Other expenses: CLIENT SUPPORT

    total $87,955 · program services $87,955

  • 24b · Other expenses: HOA FEES

    total $7,097 · program services $7,097

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $1,496 · program services $1,496

  • 24d · Other expenses: PROP. TAXES & LICENSES

    total $1,289 · program services $1,289

  • 24e · All other expenses

    total $90 · program services $90

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,473 · end of year $37,234

  • 2 · Savings and temporary cash investments

    beginning of year $1,861,982 · end of year $432,273

  • 3 · Pledges and grants receivable

    beginning of year $10,452 · end of year $3,778

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,828 · end of year $7,147

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

    $200,516

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

    $119,618

  • 10c · Land, buildings and equipment, net

    beginning of year $147,072 · end of year $80,898

  • 11 · Investments: publicly traded securities

    end of year $2,148,031

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,256 · end of year $11,805

  • 21 · Escrow or custodial account liability

    beginning of year $6,911 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $8,631 · end of year $6,732

  • 25 · Other liabilities

    beginning of year $127,280 · end of year $10,412

  • 27 · Net assets without donor restrictions

    beginning of year $2,000,729 · end of year $2,680,412

Mission and programs · 2022

Mission

THE ORGANIZATION IS DEDICATED TO PROVIDING AFFORDABLE PERMANENT HOUSING AND SUPPORTIVE SERVICES TO FORMERLY HOMELESS FAMILIES IN MONTGOMERY COUNTY, MD.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • THE INTERFAITH HOUSING COALITION PROVIDES PERMANENT HOUSING WITH SUPPORTS FOR 13 FAMILIES. EACH FAMILY IS ENGAGED IN INTENSIVE CASE MANAGEMENT AND WORKS TOWARDS CUSTOMIZED FAMILY ACTION PLAN GOALS AIMED AT PROGRESSING TO MAXIMIZED INDEPENDENCE.

    Expenses $110,903 · Revenue $15,799

As filed on the 2022 return.

Listed in Part VII

  • Frank White

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Agnes Leshner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Ross Berman

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Devang Shah

    PAST BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 8 related

  • Courtney Hall

    CEO

    Total calculated
    $162,199
    From this org
    $0
    From related orgs
    $158,948
    Other
    $3,251
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,948 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,251 related
    Filer's total
    $0 + $162,199 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. 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION, INTERFAITH WORKS, TO DETERMINE THE COMPENSATION OF ITS CEO. THE ORGANIZATION USED THE FOLLOWING TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

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.

  • INTERFAITH WORKS

    501(C)(3) · PROVIDES SERVICES & ADVOCATES FOR THE NEEDY WITHIN MONTGOMERY COUNTY, MD. · MD

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202421319349303552

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