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Nonprofiteer
← MOMENTUM HOUSING INC

Form 990 for tax year 2022

Filed by MOMENTUM HOUSING INC.

Totals

Total revenue
$300
Total expenses
$69,647
Contributions and grants received
$300
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,500,260
Total liabilities, end of year
$2,569,607
Net assets or fund balances, end of year
-$69,347
Program services expenses (Part IX)
$69,647
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$69,647

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

    $300

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $69,607 · program services $69,607

  • 24a · Other expenses: BANK CHARGES

    total $40 · program services $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $114,049

  • 13 · Investments: program-related

    beginning of year $0 · end of year $2,386,211

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,569,607

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year -$69,347

Mission and programs · 2022

Mission

TO PROVIDE SUPPORT FOR THE RELIEF OF THE POOR AND DISTRESSED, ELDERLY OR PHYSICALLY HANDICAPPED, COMBATTING COMMUNITY DETERIORATION, ELIMINATION OF DISCRIMINATION AND PREJUDICE, LESSENING THE BURDENS OF GOVERNMENT, LESSENING NEIGHBORHOOD TENSIONS, BY, BUT NOT LIMITED TO, PROVIDING LOW AND MODERATE INCOME AND WORKFORCE HOUSING AND RELATED BUILDING, REHABILITATION, AND CONSULTING SERVICES.

Activities or mission (Part I)

SUPPORT LOW INCOME HOUSING PROJECTS

  • TO PROVIDE LOW AND MODERATE INCOME AND WORKFORCE HOUSING AND RELATED BUILDING, REHABILITATION AND CONSULTING SERVICES.

    Expenses $69,647 · Revenue $300

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Larry Dickenson

    PRESIDENT & DIRECTOR

    Total calculated
    $60,000
    From this org
    $0
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    1

  • Rev Ernest Herdon Jr

    SECRETARY & DIRECTOR

    Total calculated
    $7,200
    From this org
    $0
    From related orgs
    $7,200
    Other
    $0
    Hours/week
    1

  • Dr James G O'Quinn

    VICE PRESIDENT & DIRECTOR

    Total calculated
    $3,600
    From this org
    $0
    From related orgs
    $3,600
    Other
    $0
    Hours/week
    1

  • W Randolph Spears

    TREASURER & DIRECTOR

    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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BEDFORD UNITED METHODIST HOUSING LP

    LOW INCOME HOUSING · VA

  • LOUISA UNITED METHODIST HOUSING LP

    LOW INCOME HOUSING · VA

  • PETERSBURG UNITED METHODIST HOUSING LP

    LOW INCOME HOUSING · VA

  • SPRINGHILL UNITED METHODIST HOUSING LP

    LOW INCOME HOUSING · VA

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343139349301834

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