Totals
- Total revenue
- $892,882
- Total expenses
- $1,422,837
- Contributions and grants received
- $130,889
- Grants paid
- $0
- Program service revenue
- $759,701
- Investment income
- $0
- Other revenue
- $2,292
- Total assets, end of year
- $10,629,881
- Total liabilities, end of year
- $5,565,204
- Net assets or fund balances, end of year
- $5,064,677
- Program services expenses (Part IX)
- $1,374,145
- Management and general expenses
- $48,685
- Fundraising expenses
- $7
- Program service expenses (Part III)
- $1,374,145
Program services were 96.6% 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
$130,889
-
2a · Program service revenue: Low-income rentals
total $759,701 · related or exempt $759,701 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11a · Other revenue: Early Pay Discount
total $2,292 · related or exempt $2,292 · unrelated business $0 · excluded $0
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$2,292
Functional expenses
Part IX, the statement of functional expenses.
-
6 · Compensation of disqualified persons
total $190,367 · program services $190,367
-
9 · Other employee benefits
total $9,701 · program services $9,701
-
10 · Payroll taxes
total $19,076 · program services $19,076
-
11a · Fees: management
total $28,800 · program services $28,800
-
11b · Fees: legal
total $4,550 · management and general $4,550
-
11c · Fees: accounting
total $24,204 · management and general $24,204
-
11g · Fees: other
total $381,743 · program services $381,743
-
13 · Office expenses
total $3,616 · management and general $3,609 · fundraising $7
-
14 · Information technology
total $4,747 · program services $1,899 · management and general $2,848
-
16 · Occupancy
total $7,455 · program services $7,455
-
17 · Travel
total $1,510 · program services $1,510
-
20 · Interest
total $73,795 · program services $73,795
-
22 · Depreciation, depletion and amortization
total $321,444 · program services $321,444
-
23 · Insurance
total $69,900 · program services $69,250 · management and general $650
-
24a · Other expenses: Community Development
total $62,721 · program services $62,721 · management and general $0 · fundraising $0
-
24b · Other expenses: Meals & Entertainment
total $728 · program services $0 · management and general $728 · fundraising $0
-
24c · Other expenses: General Administrative Costs & Bad-Debt
total $21,411 · program services $9,315 · management and general $12,096 · fundraising $0
-
24d · Other expenses: Property Taxes
total $197,069 · program services $197,069 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $291,468 · end of year $376,460
-
4 · Accounts receivable
beginning of year $210,454 · end of year $162,038
-
7 · Other notes and loans receivable
beginning of year $630 · end of year $630
-
9 · Prepaid expenses and deferred charges
beginning of year $479,314 · end of year $483,421
-
10a · Land, buildings and equipment: cost or other basis
$10,610,157
-
10b · Land, buildings and equipment: accumulated depreciation
$1,002,825
-
10c · Land, buildings and equipment, net
beginning of year $9,857,994 · end of year $9,607,332
-
17 · Accounts payable and accrued expenses
beginning of year $46,599 · end of year $252,489
-
21 · Escrow or custodial account liability
beginning of year $27,050 · end of year $18,878
-
23 · Secured mortgages and notes payable
beginning of year $5,092,782 · end of year $5,293,837
-
27 · Net assets without donor restrictions
beginning of year $5,517,846 · end of year $4,984,428
-
28 · Net assets with donor restrictions
beginning of year $155,583 · end of year $80,249
Mission and programs · 2024
Mission
Grove Park Renewal seeks to provide a quality living experience for neighborhood residents and empower those who desire to connect with and contribute to the community and participate in the renewal process in Grove Park.
-
Grove Park Renewal Inc. is devoted to revitalizing the Grove Park community by providing high-quality, affordable housing to low-income and distressed individuals and families. Our mission extends beyond housing; we actively work to build a supportive community by fostering connections among residents and linking them to essential social services, creating a foundation for constructive, positive relationships within the neighborhood. In 2024, we continued expanding affordable housing options to meet the community's growing needs. With the full launch of operations at the Villas of Hope-an apartment community acquired in a prior year-we added 36 apartments to our affordable housing portfolio. Today, our properties provide secure, affordable homes for 135 residents across Grove Park. Grove Park Renewal manages 69 affordable housing units, the majority of which are reserved for households earning 60% or less of the area median income (AMI). We also continue to support sister nonprofits by managing their affordable housing units, ensuring efficient and compassionate service to Grove Park's low-income population.
Expenses $1,374,145 · Revenue $759,701
As filed on the 2024 return.
Listed in Part VII
-
Samuel Dimon
Board Member
- Total calculated
- $0
- Hours/week
- 8
-
Erin Bradley
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dawn Collier
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lindsay Chuck
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Imani Swoope
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Erika Brown
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Hessel Baker
Treasurer
- Total calculated
- $0
- Hours/week
- 4
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.
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.
-
Rental properties and related activities · GA · income $339,747 · assets $4,498,627
Directly controlled by Grove Park Renewal Inc
-
Administration activities · GA · income $47,364 · assets $1,270,665
Directly controlled by Grove Park Renewal Inc
-
Undeveloped land · GA · income $0 · assets $382,752
Directly controlled by Grove Park Renewal Inc
-
Under-construction properties · GA · income $0 · assets $418,956
Directly controlled by Grove Park Renewal Inc
-
Rental properties and Rental properties and · GA · income $374,882 · assets $4,058,881
Directly controlled by Grove Park Renewal Inc
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 23 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513019349301546
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