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Nonprofiteer
← WELCOME HOUSE PROPERTIES INC

Form 990 for tax year 2022

Filed by WELCOME HOUSE PROPERTIES INC.

Totals

Total revenue
$1,686,359
Total expenses
$550,554
Contributions and grants received
$1,659,971
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$26,388
Total assets, end of year
$10,298,314
Total liabilities, end of year
$9,162,509
Net assets or fund balances, end of year
$1,135,805
Program services expenses (Part IX)
$445,945
Management and general expenses
$82,587
Fundraising expenses
$22,022
Program service expenses (Part III)
$445,945

Program services were 81.0% 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.

  • 1d · Related organizations

    $1,625,107

  • 1f · All other contributions, gifts and grants

    $34,864

  • 6a · Gross rents

    real property $25,468

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $25,468

  • 6d · Net rental income or loss

    total $25,468 · excluded $25,468

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $920 · excluded $920

  • 11e · Other revenue, total

    $920

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $1,500 · program services $1,215 · management and general $225 · fundraising $60

  • 16 · Occupancy

    total $47,366 · program services $38,366 · management and general $7,105 · fundraising $1,895

  • 20 · Interest

    total $83,321 · program services $67,490 · management and general $12,498 · fundraising $3,333

  • 22 · Depreciation, depletion and amortization

    total $111,992 · program services $90,713 · management and general $16,799 · fundraising $4,480

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $306,375 · program services $248,161 · management and general $45,960 · fundraising $12,254

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0

  • 2 · Savings and temporary cash investments

    end of year $1,581,352

  • 9 · Prepaid expenses and deferred charges

    end of year $583,499

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

    $1,355,334

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

    $381,177

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $974,157

  • 15 · Other assets

    beginning of year $0 · end of year $7,159,306

  • 17 · Accounts payable and accrued expenses

    end of year $370,215

  • 24 · Unsecured notes and loans payable

    end of year $8,792,294

  • 27 · Net assets without donor restrictions

    beginning of year $0 · end of year $1,135,805

Mission and programs · 2022

Mission

TO SUPPORT THE OPERATIONS OF WELCOME HOUSE, INC., A RELATED NON-PROFIT.

  • THE ORGANIZATION EXISTS TO SUPPORT THE MISSION AND ACTIVITIES OF WELCOME HOUSE, INC., A 501C3 THAT PROVIDES A CONTINUUM OF SERVICES AIMED AT REDUCING AND ELIMINATING HOMELESSNESS IN NORTHERN KENTUCKY.

    Expenses $445,945

As filed on the 2022 return.

Listed in Part VII

  • DANIELLE AMRINE

    CHAIR & CHIEF EXECUTIVE OFFICER

    Total calculated
    $124,446
    From this org
    $0
    From related orgs
    $123,956
    Other
    $490
    Hours/week
    1 + 45 related

  • BRIAN VAN ARSDALE

    SECRETARY & CHIEF OPERATING OFFICER

    Total calculated
    $105,348
    From this org
    $0
    From related orgs
    $104,858
    Other
    $490
    Hours/week
    1 + 45 related

  • EDWIN KING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • KRIS KNOCKELMANN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIE SCHENKEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JASON SPAULDING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • VIRGINIA TALLENT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323179349306022

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