Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $356,117

• 1e · Government grants (contributions)

  $19,631,999

• 1f · All other contributions, gifts and grants

  $1,019,754

• 1g · Noncash contributions included above

  $179,439

• 2a · Program service revenue: LOW-INCOME CONSUMER RENT

  total $100,171 · related or exempt $100,171

• 2b · Program service revenue: MANAGEMENT FEES

  total $90,587 · related or exempt $90,587

• 3 · Investment income

  total $150,892 · excluded $150,892

• 6a · Gross rents

  real property $314,333

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $314,333

• 6d · Net rental income or loss

  total $314,333 · excluded $314,333

• 7a · Gross sales of assets other than inventory

  securities $2,248,299 · other assets $1,350

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

  securities $1,581,844 · other assets $0

• 7c · Gain or loss

  securities $666,455 · other assets $1,350

• 7d · Net gain or loss

  total $667,805 · excluded $667,805

• 8a · Fundraising events: gross income

  $117,840

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

  $356,117

• 8b · Fundraising events: direct expenses

  $180,485

• 8c · Net income from fundraising events

  total -$62,645 · excluded -$62,645

• 9a · Gaming: gross income

  $21,087

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $21,087 · excluded $21,087

• 11d · All other revenue

  total $48,484 · related or exempt $48,484

• 11e · Other revenue, total

  $48,484

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $765,532 · program services $727,053 · management and general $28,624 · fundraising $9,855

• 6 · Compensation of disqualified persons

  total $17,544 · program services $16,652 · management and general $661 · fundraising $231

• 7 · Other salaries and wages

  total $12,576,639 · program services $11,984,894 · management and general $448,638 · fundraising $143,107

• 8 · Pension plan contributions

  total $173,890 · program services $156,417 · management and general $11,173 · fundraising $6,300

• 9 · Other employee benefits

  total $699,339 · program services $629,066 · management and general $44,935 · fundraising $25,338

• 10 · Payroll taxes

  total $1,051,150 · program services $948,438 · management and general $75,572 · fundraising $27,140

• 11a · Fees: management

  total $27,409 · program services $21,030 · management and general $5,978 · fundraising $401

• 11b · Fees: legal

  total $51,327 · program services $37,860 · management and general $11,042 · fundraising $2,425

• 11c · Fees: accounting

  total $78,299 · program services $57,755 · management and general $16,844 · fundraising $3,700

• 11f · Fees: investment management

  total $38,442 · management and general $38,442

• 11g · Fees: other

  total $244,722 · program services $184,294 · management and general $53,028 · fundraising $7,400

• 13 · Office expenses

  total $610,733 · program services $444,355 · management and general $94,687 · fundraising $71,691

• 16 · Occupancy

  total $765,447 · program services $651,744 · management and general $103,351 · fundraising $10,352

• 20 · Interest

  total $23,241 · program services $23,241

• 22 · Depreciation, depletion and amortization

  total $437,214 · program services $387,637 · management and general $44,027 · fundraising $5,550

• 23 · Insurance

  total $947,836 · program services $865,752 · management and general $74,306 · fundraising $7,778

• 24a · Other expenses: STAFF DEVELOP/RECRUIT.

  total $819,100 · program services $748,653 · management and general $67,922 · fundraising $2,525

• 24b · Other expenses: RESIDENTIAL PROGRAMS

  total $661,122 · program services $661,122

• 24c · Other expenses: AFFILIATE RESERVE

  total $319,629 · management and general $319,629

• 24d · Other expenses: CONTRACTUAL ALLOWANCE

  total $165,000 · program services $165,000

• 24e · All other expenses

  total $161,488 · program services $47,424 · management and general $18,744 · fundraising $95,320

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,482,191 · end of year $2,732,089

• 2 · Savings and temporary cash investments

  beginning of year $550,670 · end of year $807,985

• 3 · Pledges and grants receivable

  beginning of year $102,500 · end of year $120,295

• 4 · Accounts receivable

  beginning of year $2,936,303 · end of year $2,477,234

• 9 · Prepaid expenses and deferred charges

  beginning of year $233,401 · end of year $211,085

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

  $19,834,890

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

  $8,055,534

• 10c · Land, buildings and equipment, net

  beginning of year $3,813,359 · end of year $11,779,356

• 11 · Investments: publicly traded securities

  beginning of year $11,419,504 · end of year $12,011,664

• 14 · Intangible assets

  beginning of year $334,951 · end of year $217,373

• 15 · Other assets

  beginning of year $2,163,384 · end of year $2,207,408

• 17 · Accounts payable and accrued expenses

  beginning of year $1,588,720 · end of year $1,930,413

• 19 · Deferred revenue

  beginning of year $62,807 · end of year $25,501

• 21 · Escrow or custodial account liability

  beginning of year $16,574 · end of year $22,051

• 24 · Unsecured notes and loans payable

  beginning of year $907,076 · end of year $170,463

• 25 · Other liabilities

  beginning of year $300,423 · end of year $233,549

• 27 · Net assets without donor restrictions

  beginning of year $14,752,328 · end of year $24,381,615

• 28 · Net assets with donor restrictions

  beginning of year $5,408,335 · end of year $5,800,897

The filer's explanations (Part III)

PART I, LINE 7

BONUSES WERE PAID IN 2024 TO CERTAIN INDIVIDUALS WHO MET PERFORMANCE GOALS AND METRICS DURING THE YEAR AND THE AMOUNTS HAVE BEEN INCLUDED IN PART II COLUMN B (II) AS TAXABLE INCOME.