Form 990 for tax year 2022
Filed by SUMMIT HILL COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $280,703
- Total expenses
- $69,181
- Contributions and grants received
- $29,152
- Grants paid
- $0
- Program service revenue
- $251,551
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $397,143
- Total liabilities, end of year
- $182,496
- Net assets or fund balances, end of year
- $214,647
- Program services expenses (Part IX)
- $69,181
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $69,180
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.
-
1e · Government grants (contributions)
$29,152
-
2a · Program service revenue: Developer Fees
total $251,551 · related or exempt $251,551
-
2f · All other program service revenue
total $0 · related or exempt $0
-
11a · Other revenue
total $0 · related or exempt $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $42,649 · program services $42,649
-
9 · Other employee benefits
total $9,160 · program services $9,160
-
11b · Fees: legal
total $328 · program services $328
-
13 · Office expenses
total $7,916 · program services $7,916
-
17 · Travel
total $1,048 · program services $1,048
-
24a · Other expenses: New Development Costs
total $6,040 · program services $6,040
-
24b · Other expenses: Staff Training
total $2,040 · program services $2,040
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $372,207
-
10c · Land, buildings and equipment, net
end of year $24,936
-
25 · Other liabilities
end of year $182,496
-
31 · Retained earnings, endowment or other funds
end of year $214,647
Mission and programs · 2022
Mission
Summit Hill Development Corporation is a nonprofit wholly controlled by the Bloomington Housing Authority for the tax exempt purpose of providing and developing affordable housing.
-
Housing Development
Expenses $49,798 · Revenue $255,702
-
Low Income Risk Mitigation Fund "LRMF"
Expenses $18,406
-
Health Foundation
Expenses $976 · Revenue $25,000
As filed on the 2022 return.
Listed in Part VII
-
Kate Gazunis
Executive Director
- Total calculated
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
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
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Elaine Amerson
Board member
Schedule J breakdown
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
-
Sherry Clay
Board Member
Schedule J breakdown
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
-
Nordia McNish
Board Member
Schedule J breakdown
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
-
Tracee Lutes
Board Member
Schedule J breakdown
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
-
Mary Morgan
Board Member
Schedule J breakdown
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
-
Jerry Cravens
Board Member
Schedule J breakdown
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
-
Beverly Calendar Anderson
Board Member
Schedule J breakdown
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
-
Sue Wanzer
Board Member
Schedule J breakdown
- Base
- $0
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $0
Answered yes
None.
Answered no
- 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
- 2022
- Filed
- 30 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343349349301404
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