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Nonprofiteer
← VI HOUSING REVITALIZATION CORP

Form 990 for tax year 2024

Filed by VI HOUSING REVITALIZATION CORP.

Totals

Total revenue
$68,257
Total expenses
$291,564
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$67,484
Investment income
$773
Other revenue
$0
Total assets, end of year
$10,162
Total liabilities, end of year
$274,855
Net assets or fund balances, end of year
-$264,693
Program services expenses (Part IX)
$0
Management and general expenses
$291,564
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 2a · Program service revenue: PROGRAM REVENUE

    total $67,484 · related or exempt $67,484

  • 3 · Investment income

    total $773 · related or exempt $773

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $198,343 · management and general $198,343

  • 9 · Other employee benefits

    total $36,732 · management and general $36,732

  • 11b · Fees: legal

    total $1,262 · management and general $1,262

  • 13 · Office expenses

    total $19,177 · management and general $19,177

  • 24a · Other expenses: MAINTENANCE

    total $36,050 · management and general $36,050

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,633 · end of year $10,162

  • 17 · Accounts payable and accrued expenses

    beginning of year $187,500 · end of year $271,467

  • 25 · Other liabilities

    beginning of year $48,902 · end of year $3,388

  • 27 · Net assets without donor restrictions

    beginning of year -$42,769 · end of year -$264,693

Mission and programs · 2024

Mission

TO PROVIDE AFFORDABLE HOUSING TO DISTRESSED AND UNDERPRIVILEGED CITIZENS.

  • RELIEF OF THE POOR AND DISTRESSED OR UNDERPRIVILEGED THROUGH THE PROVISION OF QUALITY AFFORDABLE HOUSING.

    Revenue $68,257

As filed on the 2024 return.

Listed in Part VII

  • Dwayne Alexander

    CPM SECRETARY

    Total calculated
    $100,383
    From this org
    $0
    From related orgs
    $100,383
    Other
    $0
    Hours/week
    4 + 36 related
  • Ashley Archibald

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Noreen Michael

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Janis Valmond

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Dina Perry-Malone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Averil E George

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Eugene Jones Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Simba Abiff

    CHAIR

    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.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2025
IRS schema version
2024v5.2
Source object
202501969349301925

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