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Nonprofiteer
← BEACON 360 MANAGEMENT INC

Form 990 for tax year 2023

Filed by BEACON 360 MANAGEMENT INC.

Totals

Total revenue
$1,282,236
Total expenses
$809,415
Contributions and grants received
$0
Grants paid
$2,500
Program service revenue
$1,254,290
Investment income
$27,946
Other revenue
$0
Total assets, end of year
$3,911,053
Total liabilities, end of year
$267,881
Net assets or fund balances, end of year
$3,643,172
Program services expenses (Part IX)
$772,455
Management and general expenses
$36,960
Fundraising expenses
$0
Program service expenses (Part III)
$772,455

Program services were 95.4% 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.

  • 2a · Program service revenue: MANAGEMENT & CONSULTAT

    total $1,254,290 · related or exempt $1,254,290

  • 3 · Investment income

    total $27,946 · excluded $27,946

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,500 · program services $2,500

  • 4 · Benefits paid to or for members

    total $122,146 · program services $122,146

  • 7 · Other salaries and wages

    total $413,999 · program services $413,999

  • 11b · Fees: legal

    total $1,813 · program services $1,813

  • 12 · Advertising and promotion

    total $250 · program services $250

  • 13 · Office expenses

    total $148,880 · program services $148,880

  • 14 · Information technology

    total $7,361 · program services $7,361

  • 16 · Occupancy

    total $5,888 · program services $5,888

  • 19 · Conferences, conventions and meetings

    total $20,878 · program services $20,878

  • 22 · Depreciation, depletion and amortization

    total $15,466 · program services $15,466

  • 23 · Insurance

    total $8,136 · program services $8,136

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $42,210 · program services $5,250 · management and general $36,960

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $15,461 · program services $15,461

  • 24c · Other expenses: TAXES AND LICENSES

    total $4,427 · program services $4,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $210,908 · end of year $282,419

  • 7 · Other notes and loans receivable

    beginning of year $3,171,646 · end of year $3,074,044

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,553 · end of year $1,463

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

    $573,550

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

    $20,529

  • 10c · Land, buildings and equipment, net

    beginning of year $28,487 · end of year $553,021

  • 15 · Other assets

    beginning of year $3,478 · end of year $106

  • 17 · Accounts payable and accrued expenses

    beginning of year $245,046 · end of year $267,881

  • 27 · Net assets without donor restrictions

    beginning of year $3,171,026 · end of year $3,643,172

Mission and programs · 2023

Mission

TO PROVIDE INDIVIDUALS AND FAMILIES WITH AFFORDABLE HOUSING SOLUTIONS THAT WILL BE IMPACTFUL ENOUGH TO TRANSFORM LIVES FOR THE BETTER.

  • PROVIDES PROPERTY DEVELOPMENT, MANAGEMENT AND CONSULTATION SERVICES TO AFFORDABLE HOUSING COMMUNITIES.

    Expenses $772,455 · Grants $2,500 · Revenue $1,254,290

As filed on the 2023 return.

Listed in Part VII

  • Daniel L Hunt

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • Joel King

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • Kelton Waller

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 13 related

  • Ronald Mitchell

    MEMBER

    Total calculated
    $0
    Hours/week
    2 + 10.5 related

  • Jay C Finklea

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Stan E Ford

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 7.5 related

  • Cassandra Hicks

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5.5 related

  • Robert Glover

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 5.5 related

  • Celia M Kendall

    CEO

    Total calculated
    $122,146
    From this org
    $122,146
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 20 related

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.

  • HARRIET'S HOPE LLC

    RENTAL REAL ESTATE · OH · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WASHINGTON SQUARE PERMANENT HOUSING

    C · SENIOR/LOW-INCOME HOUSING · OH

  • HARRIET'S HOPE COLUMBUS LLC

    C · RENTAL REAL ESTATE · OH · 100% owned · share of income -$575 · share of assets $3,352,152

    Directly controlled by BEACON 360 MANAGEMENT INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349311016

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