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Nonprofiteer
← HRH NEIGHBORHOOD HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by HRH NEIGHBORHOOD HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$291,184
Total expenses
$278,033
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$182,057
Investment income
$28
Other revenue
$109,099
Total assets, end of year
$3,536,182
Total liabilities, end of year
$4,212,849
Net assets or fund balances, end of year
-$676,667
Program services expenses (Part IX)
$278,033
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$278,033

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.

  • 2a · Program service revenue: RENTAL INCOME - RESIDENTIAL

    total $110,879 · related or exempt $110,879

  • 2b · Program service revenue: SECTION 8 PAYMENT

    total $38,678 · related or exempt $38,678

  • 2c · Program service revenue: RENTAL INCOME - COMMERCIAL

    total $32,500 · related or exempt $32,500

  • 3 · Investment income

    total $28 · excluded $28

  • 11a · Other revenue: OTHER INCOME

    total $109,099 · related or exempt $109,099

  • 11e · Other revenue, total

    $109,099

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $2,887 · program services $2,887

  • 11b · Fees: legal

    total $4,739 · program services $4,739

  • 11c · Fees: accounting

    total $1,309 · program services $1,309

  • 13 · Office expenses

    total $2,375 · program services $2,375

  • 16 · Occupancy

    total $84,104 · program services $84,104

  • 20 · Interest

    total $25,751 · program services $25,751

  • 22 · Depreciation, depletion and amortization

    total $80,648 · program services $80,648

  • 23 · Insurance

    total $5,027 · program services $5,027

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $64,990 · program services $64,990

  • 24b · Other expenses: CONCESSIONS

    total $3,043 · program services $3,043

  • 24c · Other expenses: REFUSE REMOVAL

    total $2,076 · program services $2,076

  • 24d · Other expenses: MISCELLANEOUS

    total $1,084 · program services $1,084

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $44,537 · end of year $68,329

  • 4 · Accounts receivable

    beginning of year $71,083 · end of year $4,855

  • 7 · Other notes and loans receivable

    beginning of year $1,385,741 · end of year $1,385,741

  • 9 · Prepaid expenses and deferred charges

    end of year $2,721

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

    $2,511,357

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

    $648,817

  • 10c · Land, buildings and equipment, net

    beginning of year $1,943,188 · end of year $1,862,540

  • 15 · Other assets

    beginning of year $2,805 · end of year $211,996

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,637 · end of year $13,489

  • 19 · Deferred revenue

    beginning of year $6,460 · end of year $128

  • 21 · Escrow or custodial account liability

    beginning of year $10,335 · end of year $7,669

  • 23 · Secured mortgages and notes payable

    beginning of year $3,366,366 · end of year $3,438,660

  • 25 · Other liabilities

    beginning of year $747,374 · end of year $752,903

  • 27 · Net assets without donor restrictions

    beginning of year -$689,818 · end of year -$676,667

Mission and programs · 2023

Mission

FORMED FOR THE PURPOSE OF CONSTRUCTING SINGLE FAMILY HOMES TO BE SOLD TO LOW-INCOME FAMILIES.

  • TO DEVELOP AFFORDABLE HOUSING FOR PERSONS OF LOW-INCOME BY CONSTRUCTING SUBSIDIZED SINGLE FAMILY HOMES.

    Expenses $278,033 · Revenue $182,057

As filed on the 2023 return.

Listed in Part VII

  • Christa Hines

    PRESIDENT &

    Total calculated
    $196,869
    From this org
    $0
    From related orgs
    $167,541
    Other
    $29,328
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $167,541 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $6,612 related
    Nontaxable benefits
    not reported + $22,716 related
    Filer's total
    not reported + $196,869 related

  • Sarah Diesing

    RESIGNED AUG

    Total calculated
    $109,029
    From this org
    $0
    From related orgs
    $89,571
    Other
    $19,458
    Hours/week
    1 + 40 related

  • Susan Fortunato

    BOARD MEMBER

    Total calculated
    $0

  • Emily Dozier

    PRESIDENT

    Total calculated
    $0

  • Lorna Thompson

    BOARD MEMBER

    Total calculated
    $0

  • William Carroll

    BOARD MEMBER

    Total calculated
    $0

  • Jeff Kosmacher

    BOARD MEMBER

    Total calculated
    $0

  • Tim McQueen

    BOARD MEMBER

    Total calculated
    $0

  • Janet J Kiyan

    VICE PRESIDE

    Total calculated
    $0

  • Isis Benitez

    BOARD MEMBER

    Total calculated
    $0

  • Carisma Collins

    BOARD MEMBER

    Total calculated
    $0

  • Jannera Cruz

    BOARD MEMBER

    Total calculated
    $0

  • Dwayne Douglas

    SECRETARY

    Total calculated
    $0

  • Daria Hanssen

    BOARD MEMBER

    Total calculated
    $0

  • Michael Schreiber

    TREASURER

    Total calculated
    $0

  • Norma Vizcarondo

    BOARD MEMBER

    Total calculated
    $0

  • Lewis Rucker

    CFO

    Total calculated
    $26,265
    From this org
    $0
    From related orgs
    $24,009
    Other
    $2,256
    Hours/week
    1 + 40 related

  • Robert Canadilla

    BOARD MEMBER

    Total calculated
    $0

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202403209349317025

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