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Nonprofiteer
← JUBILEE HOUSING INC

Form 990 for tax year 2023

Filed by JUBILEE HOUSING INC.

Totals

Total revenue
$24,376,363
Total expenses
$17,517,616
Contributions and grants received
$14,784,088
Grants paid
$50,000
Program service revenue
$8,753,536
Investment income
$310,496
Other revenue
$528,243
Total assets, end of year
$121,892,559
Total liabilities, end of year
$84,812,305
Net assets or fund balances, end of year
$37,080,254
Program services expenses (Part IX)
$13,998,912
Management and general expenses
$3,164,766
Fundraising expenses
$353,938
Program service expenses (Part III)
$13,998,912

Program services were 79.9% 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.

  • 1c · Fundraising events

    $683,022

  • 1e · Government grants (contributions)

    $2,874,168

  • 1f · All other contributions, gifts and grants

    $11,226,898

  • 1g · Noncash contributions included above

    $9,200,000

  • 2a · Program service revenue: RENTAL INCOME

    total $4,711,859 · related or exempt $4,711,859

  • 2b · Program service revenue: DEVELOPER FEE INCOME

    total $3,535,961 · related or exempt $3,535,961

  • 2c · Program service revenue: PAYROLL REIMBURSEMENTS

    total $254,347 · related or exempt $254,347

  • 2d · Program service revenue: PARTNERSHIP INCOME

    total $164,334 · related or exempt $164,334

  • 2e · Program service revenue: MANAGEMENT FEE INCOME

    total $87,035 · related or exempt $87,035

  • 3 · Investment income

    total $310,496 · excluded $310,496

  • 8a · Fundraising events: gross income

    $277,695

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

    $683,022

  • 8b · Fundraising events: direct expenses

    $277,695

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $528,243 · related or exempt $528,243

  • 11e · Other revenue, total

    $528,243

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $50,000 · program services $50,000

  • 7 · Other salaries and wages

    total $4,493,265 · program services $2,828,926 · management and general $1,475,443 · fundraising $188,896

  • 9 · Other employee benefits

    total $1,004,299 · program services $687,020 · management and general $281,042 · fundraising $36,237

  • 10 · Payroll taxes

    total $433,691 · program services $289,904 · management and general $123,339 · fundraising $20,448

  • 11e · Fees: professional fundraising services

    total $16,815 · fundraising $16,815

  • 11g · Fees: other

    total $992,204 · program services $343,145 · management and general $649,059

  • 12 · Advertising and promotion

    total $143,766 · program services $96,999 · management and general $37,632 · fundraising $9,135

  • 13 · Office expenses

    total $1,496,213 · program services $1,349,786 · management and general $144,408 · fundraising $2,019

  • 14 · Information technology

    total $261,003 · program services $102,179 · management and general $148,556 · fundraising $10,268

  • 16 · Occupancy

    total $61,926 · program services $23,590 · management and general $38,306 · fundraising $30

  • 17 · Travel

    total $101,264 · program services $71,715 · management and general $27,741 · fundraising $1,808

  • 20 · Interest

    total $3,812,459 · program services $3,716,259 · management and general $28,379 · fundraising $67,821

  • 22 · Depreciation, depletion and amortization

    total $1,961,001 · program services $1,946,235 · management and general $14,766

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,406,013 · program services $1,392,815 · management and general $13,198 · fundraising $0

  • 24b · Other expenses: TAXES AND INSURANCE

    total $563,454 · program services $485,278 · management and general $78,070 · fundraising $106

  • 24c · Other expenses: PROGRAM SERVICES AND EV

    total $455,269 · program services $420,487 · management and general $34,723 · fundraising $59

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $139,576 · program services $127,851 · management and general $11,725 · fundraising $0

  • 24e · All other expenses

    total $125,398 · program services $66,723 · management and general $58,379 · fundraising $296

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,832,508 · end of year $6,162,413

  • 3 · Pledges and grants receivable

    beginning of year $779,295 · end of year $2,245,386

  • 4 · Accounts receivable

    beginning of year $1,431,047 · end of year $1,438,238

  • 7 · Other notes and loans receivable

    beginning of year $9,804,997 · end of year $12,280,578

  • 9 · Prepaid expenses and deferred charges

    beginning of year $512,810 · end of year $339,149

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

    $95,559,905

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

    $3,978,785

  • 10c · Land, buildings and equipment, net

    beginning of year $91,757,431 · end of year $91,581,120

  • 12 · Investments: other securities

    beginning of year $1,213,923 · end of year $1,176,157

  • 15 · Other assets

    beginning of year $3,598,872 · end of year $6,669,518

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,361,105 · end of year $3,389,171

  • 19 · Deferred revenue

    beginning of year $137,092 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $84,667,839 · end of year $80,781,274

  • 25 · Other liabilities

    beginning of year $543,340 · end of year $641,860

  • 27 · Net assets without donor restrictions

    beginning of year $29,851,715 · end of year $25,777,108

  • 28 · Net assets with donor restrictions

    beginning of year $369,792 · end of year $11,303,146

Mission and programs · 2023

Mission

JUBILEE HOUSING'S MISSION IS TO BUILD DIVERSE, COMPASSIONATE COMMUNITIES THAT CREATE OPPORTUNITIES FOR EVERYONE TO THRIVE. WE CREATE JUSTICE THROUGH OUR JUSTICE HOUSING MODEL, WHICH CONSISTS OF DEEPLY AFFORDABLE HOMES WITH ONSITE AND NEARBY SERVICES IN RESOURCE-RICH COMMUNITIES. WE ADVANCE OUR MISSION THROUGH FOUR PRIMARY AREAS: REAL ESTATE DEVELOPMENT, PROPERTY MANAGEMENT, FINANCING, AND COMPREHENSIVE PROGRAMS FOR CHILDREN, FAMILIES, SENIORS, RETURNING CITIZENS, AND OTHERS IN OUR BUILDINGS AND THE SURROUNDING COMMUNITY. OUR PROGRAMS FOCUS ON PROVIDING HOUSING AND RESOURCE STABILITY, FINANCIAL SECURITY, COMMUNITY, AND HEALTH AND WELLNESS. WE ENVISION A CITY AND A WORLD WHERE ACCESS TO BASIC RESOURCES AND OPPORTUNITIES ARE AVAILABLE TO ALL PEOPLE AND WHERE PEOPLE LIVE OUT THESE OPPORTUNITIES IN THE CONTEXT OF A SUPPORTIVE COMMUNITY TO BECOME THEIR BEST SELVES.

  • PROVIDED HIGH QUALITY, SAFE, AND AFFORDABLE HOUSING:THE ORGANIZATION STARTED THE YEAR WITH MORE THAN EIGHT HUNDRED RESIDENTS IN THIRTEEN PROPERTIES. THE EXPANDED PROPERTY MANAGEMENT TEAM INTRODUCED BEST PROFESSIONAL PRACTICES, INCLUDING ANNUAL FAIR HOUSING TRAINING FOR ALL EMPLOYEES AND ONLINE PORTALS FOR RESIDENTS TO PAY RENT OR REQUEST MAINTENANCE. IN 2024 WE ANTICIPATE EXPANDING THE PROPERTY COUNT BY TWO BUILDINGS TOTALING 50 UNITS BRINGING JUBILEE TO 15 BUILDINGS.

    Expenses $9,516,737 · Revenue $8,753,536

  • SUPPORTED RESIDENTS WITH FAMILY AND YOUTH SERVICES (VIRTUAL AND IN PERSON):IN 2023 JUBILEE HOUSING PROVIDED COMPREHENSIVE SERVICES THROUGH THREE MAJOR PROGRAMS: RESIDENT SERVICES, YOUTH SERVICES, AND REENTRY TRANSITIONAL HOUSING TO CITIZENS RETURNING FROM INCARCERATION. RESIDENT SERVICES SUPPORTED 325 UNIQUE INDIVIDUALS WITH REGULAR PROGRAMS AND CASE MANAGEMENT. YOUTH SERVICES PROVIDED NEARLY 100 CHILDREN AND YOUTH BETWEEN THE AGES OF 5 AND 21 WITH DAILY AFTERSCHOOL SERVICES TO PROVIDE ADDITIONAL ACADEMIC AND SOCIAL SUPPORT. THE REENTRY TRANSITIONAL HOUSING PROGRAM PROVIDED TRANSITIONAL HOUSING AND REGULAR CASE MANAGEMENT TO 43 FORMERLY INCARCERATED PEOPLE.

    Expenses $4,482,175 · Grants $50,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Patricia Mathews

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James D Knight

    PRESIDENT & CEO

    Total calculated
    $144,601
    From this org
    $144,601
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Barbara Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Terry R Flood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anthony Avery

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alex Orfinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rev Donald Isaac

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clint Mann

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ronnie Middleton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Samuel Buggs

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Khulud Khudur

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jim Mustard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph A Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Liz Wainger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carmen Reyes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Karen Salmeron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Gray

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Caroline Kenney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Jefferson

    CHIEF OPERATING OFFICER

    Total calculated
    $131,088
    From this org
    $131,088
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,088
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $131,088

  • Robert Mannon

    DIRECTOR OF REAL ESTATE

    Total calculated
    $106,098
    From this org
    $106,098
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Jilian Johnson

    VICE PRESIDENT OF HUMAN RESOURCES

    Total calculated
    $122,148
    From this org
    $122,148
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Nafissatou Seck

    CONTROLLER

    Total calculated
    $109,344
    From this org
    $109,344
    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. 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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • JHI BUILDING LLC

    INVESTMENT IN REAL ESTATE · DC

  • JHI BUILDING II LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE ADMO GP LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE EUCLID LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE KALORAMA LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE KEB LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE MAYCROFT LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE ONTARIO II LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE KEB GP LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE PARK MARCONI LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE RICHMAN TOWERS LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE SARBIN TOWERS LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUSTICE HOUSING CMF SPE LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUSTICE HOUSING GP LLC

    INVESTMENT IN REAL ESTATE · DE

  • JUSTICE HOUSING MANAGERS LLC

    INVESTMENT IN REAL ESTATE · DE

  • JUSTICE HOUSING 20 GP LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE ADMO APARTMENTS LP

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE HOUSING LIMITED PARTNERSHIP

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE HOUSING LIMITED PARTNERSHIP II

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE ONTKEB APARTMENTS LP

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE OP GP LLC

    INVESTMENT IN REAL ESTATE · DC

  • JUBILEE REENTRY LLC

    INVESTMENT IN REAL ESTATE · DC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • JUSTICE HOUSING PARTNERS LP

    INVESTMENT IN REAL ESTATE · DC · 51.66% owned · share of income -$47,591 · share of assets $126,113 · general or managing partner

    Directly controlled by JUBILEE HOUSING INC

  • JUSTICE HOUSING PARTNERS 20 LP

    INVESTMENT IN REAL ESTATE · DC · 100% owned · share of income -$9,349 · share of assets $1,484,200 · general or managing partner

    Directly controlled by JUBILEE HOUSING INC

  • JUBILEE MANNA CDE LLC

    INVESTMENT IN REAL ESTATE · DC · 50% owned · share of income $221,483 · share of assets $101,426

    Directly controlled by JUBILEE HOUSING INC

  • JUBILEE EUCKAL APARTMENTS LLC

    INVESTMENT IN REAL ESTATE · DC · 0.01% owned · general or managing partner

    Directly controlled by JUBILEE EUCKAL GP LLC

  • JUBILEE MAYCROFT APARTMENTS LP

    INVESTMENT IN REAL ESTATE · DC · 0.01% owned · share of income -$178 · share of assets -$1,294 · general or managing partner

    Directly controlled by JUBILEE MAYCROFT LLC

  • JUBILEE ONTARIO APARTMENTS LP

    INVESTMENT IN REAL ESTATE · DC · 0.01% owned · share of income -$32 · share of assets -$128 · general or managing partner

    Directly controlled by JUBILEE ONTARIO LLC

  • JUBILEE HOUSING LIMITED PARTNERSHIP II

    INVESTMENT IN REAL ESTATE · DC · 99.99% owned

    Directly controlled by JUBILEE HOUSING INC

  • JUBILEE ONTARIO PLACE LP

    INVESTMENT IN REAL ESTATE · DC · 100% owned · share of income -$32 · share of assets -$128 · general or managing partner

    Directly controlled by JUBILEE OP GP LLC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349308667

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