Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $6,060,496

• 1f · All other contributions, gifts and grants

  $1,672,297

• 2a · Program service revenue: LOAN INTEREST INCOME & SERVICE FE

  total $3,490,550 · related or exempt $3,490,550

• 2b · Program service revenue: CONTRACT REVENUE

  total $236,885 · related or exempt $236,885

• 2c · Program service revenue: CONTRACTS FOR RESEARCH SERVICES

  total $60,000 · related or exempt $60,000

• 2d · Program service revenue: RECOVERIES - LOAN CHARGEOFFS

  total $27,600 · related or exempt $27,600

• 3 · Investment income

  total $253,414 · excluded $253,414

• 7a · Gross sales of assets other than inventory

  securities $3,104,570

• 7b · Less cost or other basis and sales expenses

  securities $2,825,714

• 7c · Gain or loss

  securities $278,856

• 7d · Net gain or loss

  total $278,856 · excluded $278,856

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,306,402 · program services $1,306,402

• 5 · Compensation of officers, directors and key employees

  total $779,215 · program services $233,542 · management and general $545,673

• 7 · Other salaries and wages

  total $4,526,614 · program services $3,994,848 · management and general $341,097 · fundraising $190,669

• 8 · Pension plan contributions

  total $203,015 · program services $165,797 · management and general $27,963 · fundraising $9,255

• 9 · Other employee benefits

  total $961,587 · program services $726,407 · management and general $194,058 · fundraising $41,122

• 10 · Payroll taxes

  total $396,887 · program services $294,087 · management and general $87,209 · fundraising $15,591

• 11b · Fees: legal

  total $124,486 · management and general $124,486

• 11c · Fees: accounting

  total $89,402 · management and general $89,402

• 11d · Fees: lobbying

  total $15,986 · program services $15,986

• 11g · Fees: other

  total $1,955,453 · program services $1,347,206 · management and general $586,043 · fundraising $22,204

• 13 · Office expenses

  total $69,295 · program services $34,305 · management and general $34,035 · fundraising $955

• 14 · Information technology

  total $629,943 · program services $431,065 · management and general $181,303 · fundraising $17,575

• 16 · Occupancy

  total $243,194 · program services $174,897 · management and general $61,745 · fundraising $6,552

• 17 · Travel

  total $263,597 · program services $173,620 · management and general $85,003 · fundraising $4,974

• 19 · Conferences, conventions and meetings

  total $124,206 · program services $93,296 · management and general $30,707 · fundraising $203

• 20 · Interest

  total $757,188 · program services $757,188

• 22 · Depreciation, depletion and amortization

  total $3,730 · program services $2,877 · management and general $703 · fundraising $150

• 23 · Insurance

  total $52,338 · program services $42,032 · management and general $9,144 · fundraising $1,162

• 24a · Other expenses: GRANT CONVERSION EXPENS

  total $1,059,848 · program services $1,059,848

• 24b · Other expenses: LOAN LOSS PROVISION

  total $923,933 · program services $923,933

• 24c · Other expenses: MISCELLANEOUS

  total $159,827 · program services $158,744 · fundraising $1,083

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $72,891 · program services $72,334 · fundraising $557

• 24e · All other expenses

  total $18,572 · program services $9,242 · management and general $9,023 · fundraising $307

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $363,928 · end of year $519,895

• 2 · Savings and temporary cash investments

  beginning of year $1,932,543 · end of year $1,449,399

• 3 · Pledges and grants receivable

  beginning of year $2,315,450 · end of year $1,295,040

• 4 · Accounts receivable

  beginning of year $398,011 · end of year $598,718

• 9 · Prepaid expenses and deferred charges

  beginning of year $258,533 · end of year $509,738

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

  $398,879

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

  $98,778

• 10c · Land, buildings and equipment, net

  beginning of year $301,923 · end of year $300,101

• 11 · Investments: publicly traded securities

  beginning of year $14,144,081 · end of year $11,262,112

• 13 · Investments: program-related

  beginning of year $51,804,708 · end of year $63,860,924

• 15 · Other assets

  beginning of year $1,443,314 · end of year $1,269,818

• 17 · Accounts payable and accrued expenses

  beginning of year $802,166 · end of year $610,947

• 19 · Deferred revenue

  end of year $566,151

• 22 · Loans and payables to officers and key people

  beginning of year $8,023 · end of year $8,080

• 23 · Secured mortgages and notes payable

  beginning of year $24,646,412 · end of year $32,318,848

• 24 · Unsecured notes and loans payable

  beginning of year $1,200,686 · end of year $4,191,835

• 25 · Other liabilities

  beginning of year $1,153,673 · end of year $986,423

• 27 · Net assets without donor restrictions

  beginning of year $19,236,915 · end of year $16,449,166

• 28 · Net assets with donor restrictions

  beginning of year $25,914,616 · end of year $25,934,295

The filer's explanations (Part III)

PART I, LINE 7

ALL BONUSES ARE DISCRETIONARY.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HAC HOLDINGS LLC

  REAL ESTATE · DE · income $0 · assets $0

  Directly controlled by HOUSING ASSISTANCE COUNCIL INC