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← TRANSITIONAL HOUSING SERVICES INC

Form 990 for tax year 2023

Filed by TRANSITIONAL HOUSING SERVICES INC.

Totals

Total revenue
$1,808,073
Total expenses
$2,308,948
Contributions and grants received
$83,546
Grants paid
$0
Program service revenue
$1,724,235
Investment income
$292
Other revenue
$0
Total assets, end of year
$639,708
Total liabilities, end of year
$3,488,386
Net assets or fund balances, end of year
-$2,848,678
Program services expenses (Part IX)
$2,308,102
Management and general expenses
$846
Fundraising expenses
$0
Program service expenses (Part III)
$2,308,102

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)

    $55,068

  • 1f · All other contributions, gifts and grants

    $28,478

  • 2a · Program service revenue: SERVICE REVENUE

    total $1,724,235 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $292 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,868,804 · program services $1,868,804 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $4,285 · program services $3,728 · management and general $557 · fundraising $0

  • 11c · Fees: accounting

    total $399 · program services $347 · management and general $52 · fundraising $0

  • 11g · Fees: other

    total $1,500 · program services $1,500 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,056 · program services $1,958 · management and general $98 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $4,054 · program services $4,054 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $100 · program services $100 · management and general $0 · fundraising $0

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $98,671 · program services $98,671 · management and general $0 · fundraising $0

  • 24b · Other expenses: UTILITIES

    total $6,934 · program services $6,795 · management and general $139 · fundraising $0

  • 24c · Other expenses: BUILDING REPAIRS AND MAINTENANCE

    total $19,364 · program services $19,364 · management and general $0 · fundraising $0

  • 24d · Other expenses: CREDIT LOSSES

    total $300,000 · program services $300,000 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $2,781 · program services $2,781 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,928 · end of year $243,697

  • 2 · Savings and temporary cash investments

    beginning of year $41,010 · end of year $42,987

  • 4 · Accounts receivable

    beginning of year $396,616 · end of year $227,709

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

    $412,210

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

    $301,895

  • 10c · Land, buildings and equipment, net

    beginning of year $111,691 · end of year $110,315

  • 15 · Other assets

    beginning of year $15,000 · end of year $15,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,646 · end of year $5,347

  • 19 · Deferred revenue

    beginning of year $0 · end of year $4,589

  • 21 · Escrow or custodial account liability

    beginning of year $15,263 · end of year $17,763

  • 23 · Secured mortgages and notes payable

    beginning of year $36,440 · end of year $24,292

  • 25 · Other liabilities

    beginning of year $2,973,699 · end of year $3,436,395

  • 27 · Net assets without donor restrictions

    beginning of year -$2,365,837 · end of year -$2,875,039

  • 28 · Net assets with donor restrictions

    beginning of year $18,034 · end of year $26,361

Mission and programs · 2023

Mission

TO PROVIDE DECENT AFFORDABLE HOUSING AND TRANSITIONAL HOUSING, EMERGENCY SHELTER, AND SUPPORT NEEDS HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES.

  • PROVIDES HOMES FOR USE AS OCCUPANCY AS EMERGENCY SHELTERS OR TRANSITIONAL HOUSING FOR THE HOMELESS.

    Expenses $2,308,102 · Revenue $1,724,235

As filed on the 2023 return.

Listed in Part VII

  • Kent Pipes

    PRESIDENT

    Total calculated
    $105,545
    From this org
    $0
    From related orgs
    $105,545
    Other
    $0
    Hours/week
    5

  • Mark Jorgensen

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Janey Bowe-White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Lashawn Barber

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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.

  • AFFORDABLE HOMES GROUP INC

    501(C)(3) · AFFORDABLE HOUSING · NJ

    Directly controlled by AFFORDABLE HOMES GROUP INC

  • SALT & LIGHT COMPANY INC

    501(C)(3) · AFFORDABLE HOUSING · NJ

    Directly controlled by AFFORDABLE HOMES GROUP INC

  • HOMES OF HOPE INC

    501(C)(3) · AFFORDABLE HOUSING · NJ

    Directly controlled by AFFORDABLE HOMES GROUP INC

  • ALTERNATIVE LIVING FOR LATER YEARS

    501(C)(3) · AFFORDABLE HOUSING FOR SENIORS · NJ

    Directly controlled by AFFORDABLE HOMES GROUP INC

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v6.0
Source object
202521359349317887

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