Totals
- Total revenue
- $1,933,834
- Total expenses
- $1,516,765
- Contributions and grants received
- $581,982
- Grants paid
- $0
- Program service revenue
- $1,351,908
- Investment income
- $0
- Other revenue
- -$56
- Total assets, end of year
- $3,504,538
- Total liabilities, end of year
- $723,860
- Net assets or fund balances, end of year
- $2,780,678
- Program services expenses (Part IX)
- $1,267,193
- Management and general expenses
- $238,991
- Fundraising expenses
- $10,581
- Program service expenses (Part III)
- $1,267,193
Program services were 83.5% 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.
-
1d · Related organizations
$75,910
-
1f · All other contributions, gifts and grants
$506,072
-
2a · Program service revenue: Rent-Assisted Living
total $1,351,908 · unrelated business $0 · excluded $0
-
11a · Other revenue: Miscellaneous
total -$56 · related or exempt $0 · unrelated business -$56 · excluded $0
-
11e · Other revenue, total
-$56
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $63,746 · program services $0 · management and general $63,746 · fundraising $0
-
7 · Other salaries and wages
total $13,921 · program services $0 · management and general $13,921 · fundraising $0
-
9 · Other employee benefits
total $47,515 · program services $46,569 · management and general $946 · fundraising $0
-
10 · Payroll taxes
total $31,771 · program services $24,339 · management and general $7,432 · fundraising $0
-
11a · Fees: management
total $371,040 · program services $360,346 · management and general $10,694 · fundraising $0
-
11c · Fees: accounting
total $49,191 · program services $32,884 · management and general $16,307 · fundraising $0
-
11g · Fees: other
total $26,507 · program services $397 · management and general $15,529 · fundraising $10,581
-
12 · Advertising and promotion
total $3,210 · program services $0 · management and general $3,210 · fundraising $0
-
13 · Office expenses
total $7,313 · program services $0 · management and general $7,313 · fundraising $0
-
14 · Information technology
total $2,012 · program services $0 · management and general $2,012 · fundraising $0
-
16 · Occupancy
total $666,984 · program services $606,234 · management and general $60,750 · fundraising $0
-
20 · Interest
total $11,909 · program services $0 · management and general $11,909 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $91,547 · program services $91,547 · management and general $0 · fundraising $0
-
23 · Insurance
total $50,820 · program services $27,516 · management and general $23,304 · fundraising $0
-
24a · Other expenses: FIBCO Program Supplies
total $67,745 · program services $67,745 · management and general $0 · fundraising $0
-
24b · Other expenses: GS Collections/Fees
total $8,524 · program services $8,524 · management and general $0 · fundraising $0
-
24c · Other expenses: GS Permits, Licenses
total $1,082 · program services $1,082 · management and general $0 · fundraising $0
-
24d · Other expenses: GS Drug/Background
total $10 · program services $10 · management and general $0 · fundraising $0
-
24e · All other expenses
total $1,918 · program services $0 · management and general $1,918 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,223,021 · end of year $1,694,969
-
4 · Accounts receivable
beginning of year $50,000 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $12,059 · end of year $13,073
-
10a · Land, buildings and equipment: cost or other basis
$4,382,062
-
10b · Land, buildings and equipment: accumulated depreciation
$2,593,186
-
10c · Land, buildings and equipment, net
beginning of year $1,768,501 · end of year $1,788,876
-
15 · Other assets
beginning of year $10,865 · end of year $7,620
-
19 · Deferred revenue
beginning of year $12,339 · end of year $15,788
-
23 · Secured mortgages and notes payable
beginning of year $124,410 · end of year $118,112
-
25 · Other liabilities
beginning of year $522,819 · end of year $589,960
-
27 · Net assets without donor restrictions
beginning of year $1,534,556 · end of year $2,156,279
-
28 · Net assets with donor restrictions
beginning of year $870,322 · end of year $624,399
Mission and programs · 2023
Mission
DEDICATED TO MEETING THE NEEDS OF OUR COMMUNITY BY PROVIDING RESOURCES TO ASSIST INDIVIDUALS AND FAMILIES IN BECOMING SELF-SUSTAINING.
-
THROUGH OUR AFFORDABLE HOUSING PROGRAM WE PROVIDE LONG-TERM HOUSING FOR LOW-INCOME AND/OR MENTALLY CHALLENGED INDIVIDUALS IN STATE ASSISTED PROGRAMS. FIBCO HOUSED 106 PERSONS AS TENANTS IN ITS PERMANENT HOUSING FOR THE EDERLY, DISABLED AND SERIOUSLY MENTAL ILL ADULTS.
Expenses $1,166,040 · Revenue $1,351,908
-
THROUGH OUR HUMAN SERVICES PROGRAM, WE PROVIDE FOOD, CLOTHING, AND OTHER SERVICES TO FAMILIES IN NEED OF ASSISTANCE. FIBCO PROVIDED 14,422 SACK LUNCHES AND DELIVERED 477 EMERGENCY FOOD BOXES, PLUS 11 THANKSGIVING BOXES. 4,856 VISITS FOR CLOTHING ITEMS AND SHOES WERE PROVIDED TO INDIVIDUALS IN NEED THROUGH OUR CLOTHING DISTRIBUTION CENTER. VOLUNTEERS PROVIDED 2,750 HOURS OF ASSISTANCE TO THE PROGRAM.
Expenses $101,153 · Revenue $506,072
As filed on the 2023 return.
Listed in Part VII
-
David A Robinson
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia C Brown
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Tracee Hall Crockett
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Sharee M Hurts
Board Member
- Total calculated
- $0
- Hours/week
- 4
-
Dr Warren H Stewart
Ex Officio - Founder
- Total calculated
- $0
- Hours/week
- 2
-
Darnell Sells
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Ernest H Urquhart
Board Chair
- Total calculated
- $0
- Hours/week
- 5
-
Norman Landsen Jr
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Akilah Stewart
Board Chair
- Total calculated
- $49,154
- From this org
- $49,154
- From related orgs
- $0
- Other
- $0
- Hours/week
- 25
-
Mathew Stewart
Secretary/Vice Chair
- Total calculated
- $0
- Hours/week
- 4
-
Erika Alexander
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Chiquita Taylor
Ex-Officio Executive Director
- Total calculated
- $14,593
- From this org
- $14,593
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
-
First Institutional Baptist Church
501(c)3 · Church · AZ
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433119349304163
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