Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $266,061

• 1f · All other contributions, gifts and grants

  $10,834,695

• 1g · Noncash contributions included above

  $2,815,277

• 2a · Program service revenue: SALE OF HOMES

  total $7,245,657 · related or exempt $7,245,657

• 2b · Program service revenue: MORTGAGE DISCOUNT AMT.

  total $2,767,670 · related or exempt $2,767,670

• 2c · Program service revenue: MISCELLANEOUS

  total $357,218 · related or exempt $357,218

• 2d · Program service revenue: LATE FEES/APPL FEES

  total $137,448 · related or exempt $137,448

• 3 · Investment income

  total $198,134 · excluded $198,134

• 7a · Gross sales of assets other than inventory

  securities $6,638,643 · other assets $858,427

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

  securities $6,463,748 · other assets $854,449

• 7c · Gain or loss

  securities $174,895 · other assets $3,978

• 7d · Net gain or loss

  total $178,873 · excluded $178,873

• 8a · Fundraising events: gross income

  $66,516

• 8a · Fundraising events: contributions included on line 1c

  $266,061

• 8b · Fundraising events: direct expenses

  $186,387

• 8c · Net income from fundraising events

  total -$119,871 · excluded -$119,871

• 10a · Gross sales of inventory

  $2,442,016

• 10b · Cost of goods sold

  $2,442,016

• 10c · Net income from sales of inventory

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $27,533 · program services $27,533

• 5 · Compensation of officers, directors and key employees

  total $1,115,122 · program services $387,887 · management and general $344,192 · fundraising $383,043

• 7 · Other salaries and wages

  total $5,618,227 · program services $4,242,360 · management and general $450,818 · fundraising $925,049

• 8 · Pension plan contributions

  total $82,964 · program services $76,055 · management and general $1,677 · fundraising $5,232

• 9 · Other employee benefits

  total $754,506 · program services $565,064 · management and general $54,515 · fundraising $134,927

• 10 · Payroll taxes

  total $422,493 · program services $296,401 · management and general $46,676 · fundraising $79,416

• 11b · Fees: legal

  total $41,788 · program services $4,651 · management and general $36,537 · fundraising $600

• 11c · Fees: accounting

  total $42,700 · management and general $42,700

• 11f · Fees: investment management

  total $55,419 · management and general $55,419

• 12 · Advertising and promotion

  total $21,680 · program services $5,982 · management and general $4,873 · fundraising $10,825

• 13 · Office expenses

  total $422,876 · program services $252,878 · management and general $88,772 · fundraising $81,226

• 14 · Information technology

  total $579,641 · program services $215,126 · management and general $123,341 · fundraising $241,174

• 16 · Occupancy

  total $436,436 · program services $436,278 · management and general $105 · fundraising $53

• 17 · Travel

  total $219,539 · program services $217,512 · management and general $1,094 · fundraising $933

• 19 · Conferences, conventions and meetings

  total $252,890 · program services $29,393 · management and general $95,316 · fundraising $128,181

• 20 · Interest

  total $126,606 · program services $126,589 · management and general $17

• 21 · Payments to affiliates

  total $117,000 · management and general $117,000

• 22 · Depreciation, depletion and amortization

  total $789,125 · program services $710,213 · management and general $39,456 · fundraising $39,456

• 23 · Insurance

  total $387,841 · program services $371,704 · management and general $16,137

• 24a · Other expenses: COST OF HOME CONSTRUCTI

  total $8,753,368 · program services $8,673,138 · fundraising $80,230

• 24b · Other expenses: DISCOUNT OF HOME MORTGA

  total $3,027,960 · program services $3,027,960

• 24c · Other expenses: IMPAIRMENT LOSSES

  total $682,791 · program services $682,791

• 24d · Other expenses: PROMOTION

  total $56,523 · management and general $34,823 · fundraising $21,700

• 24e · All other expenses

  total $307,876 · program services $191,134 · fundraising $116,742

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,259,936 · end of year $3,416,789

• 2 · Savings and temporary cash investments

  beginning of year $2,567,491 · end of year $1,763,073

• 3 · Pledges and grants receivable

  beginning of year $1,251,221 · end of year $372,125

• 7 · Other notes and loans receivable

  beginning of year $28,538,585 · end of year $28,737,490

• 8 · Inventories for sale or use

  beginning of year $26,713,393 · end of year $29,105,618

• 9 · Prepaid expenses and deferred charges

  end of year $2,633

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

  $22,495,630

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

  $6,538,408

• 10c · Land, buildings and equipment, net

  beginning of year $16,349,858 · end of year $15,957,222

• 11 · Investments: publicly traded securities

  beginning of year $1,840,781 · end of year $11,595,003

• 15 · Other assets

  beginning of year $49,923 · end of year $21,507

• 17 · Accounts payable and accrued expenses

  beginning of year $1,112,634 · end of year $1,486,632

• 19 · Deferred revenue

  beginning of year $495,893 · end of year $31,715

• 21 · Escrow or custodial account liability

  beginning of year $2,567,491 · end of year $1,763,073

• 23 · Secured mortgages and notes payable

  beginning of year $12,660,000 · end of year $12,660,000

• 25 · Other liabilities

  beginning of year $1,077,397 · end of year $1,795,725

• 27 · Net assets without donor restrictions

  beginning of year $71,790,548 · end of year $70,463,366

• 28 · Net assets with donor restrictions

  beginning of year $2,867,225 · end of year $2,770,949

The filer's explanations (Part III)

PART I, LINE 1A

CAPITAL ONE HFHA BUSINESS EXPENSE CREDIT CARD; FOR BUDGETED BUSINESS EXPENSES

PART I, LINE 7

BONUSES WERE PAID TO : JOSEPH LESSARD $19,350 ROSALYN MERRICK $19,350 ALAN FERGUSON $15,480 KAYLA OSORIA $4,644 JAMES BLACKSTONE $3,870 EMPLOYEES ARE NOMINATED BY THEIR EXECUTIVE TEAM LEADER FOR A POTENTIAL BONUS. THE EMPLOYEE AND THEIR PERFORMANCE ARE THEN DISCUSSED WITH THE PRESIDENT AND CEO AND BASED ON ALL NOMINEES ACROSS ALL DEPARTMENTS AND AVAILABLE FUNDS THERE IS A DETERMINATION BY THE CEO WHICH EMPLOYEES WILL RECEIVE BONUSES. THERE IS NO PRE-DETERMINED BONUS POOL, BUT BONUSES WILL ONLY BE OFFERED IF THERE IS SURPLUS FUNDS AT THE END OF THE PREVIOUS FISCAL YEAR. THE CHAIR OF THE BOARD HUMAN RESOURCES COMMITTEE COMPILES AN ANNUAL PERFORMANCE EVALUATION OF THE PRESIDENT AND CEO FROM INFORMATION RECEIVED FROM INDIVIDUAL BOARD MEMBERS. BI-ANNUALLY A COMPENSATION STUDY IS CONDUCTED BY AN OUTSIDE CONSULTANT RETAINED BY THE BOARD THAT PROVIDES INFORMATION ON EXECUTIVE COMPENSATION AT COMPARABLE NON-PROFIT ORGANIZATIONS IN THE AREA. BOARD LEADERSHIP MEMBERS REVIEW THE PERFORMANCE EVALUATION AND THE COMPENSATION STUDY TOGETHER WITH THE GOALS THAT HAVE BEEN SET FOR THE YEAR AND THE FUNDS THAT MIGHT BE AVAILABLE FOR ANY BONUS. USING ALL OF THIS INFORMATION, BOARD LEADERSHIP MEMBERS SET THE CEO'S SALARY AND BONUS FOR THE FOLLOWING YEAR. THE BONUS IS COMPUTED BASED ON FIXED FORMULAS.