Form 990 for tax year 2023
Filed by MORELAND AFFORDABLE HOUSING CORPORATION.
Totals
- Total revenue
- $272,007
- Total expenses
- $382,263
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $271,494
- Investment income
- $0
- Other revenue
- $513
- Total assets, end of year
- $480,749
- Total liabilities, end of year
- $1,610,223
- Net assets or fund balances, end of year
- -$1,129,474
- Program services expenses (Part IX)
- $319,885
- Management and general expenses
- $62,378
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $319,885
Program services were 83.7% 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
total $271,494 · related or exempt $271,494
-
11a · Other revenue: OTHER INCOME
total $513 · related or exempt $513
-
11e · Other revenue, total
$513
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $22,481 · management and general $22,481
-
11b · Fees: legal
total $546 · management and general $546
-
11c · Fees: accounting
total $12,269 · management and general $12,269
-
11g · Fees: other
total $22,666 · management and general $22,666
-
13 · Office expenses
total $4,416 · management and general $4,416
-
16 · Occupancy
total $105,341 · program services $105,341
-
22 · Depreciation, depletion and amortization
total $66,279 · program services $66,279
-
23 · Insurance
total $29,796 · program services $29,796
-
24a · Other expenses: BAD DEBT EXPENSE
total $48,840 · program services $48,840
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $39,101 · program services $39,101
-
24c · Other expenses: RESIDENT SERVICES
total $30,528 · program services $30,528
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $437 · end of year $2,169
-
4 · Accounts receivable
beginning of year $64,573 · end of year $42,827
-
9 · Prepaid expenses and deferred charges
beginning of year $1,296
-
10a · Land, buildings and equipment: cost or other basis
$1,846,678
-
10b · Land, buildings and equipment: accumulated depreciation
$1,533,554
-
10c · Land, buildings and equipment, net
beginning of year $368,903 · end of year $313,124
-
15 · Other assets
beginning of year $117,767 · end of year $122,629
-
17 · Accounts payable and accrued expenses
beginning of year $8,788 · end of year $27,845
-
23 · Secured mortgages and notes payable
beginning of year $1,511,267 · end of year $1,505,514
-
25 · Other liabilities
beginning of year $52,139 · end of year $76,864
-
27 · Net assets without donor restrictions
beginning of year -$1,019,218 · end of year -$1,129,474
Mission and programs · 2023
Mission
TO PROVIDE LOW INCOME HOUSING TO QUALIFIED AREA RESIDENTS.
Activities or mission (Part I)
TO PROVIDE LOW INCOME HOUSING TO AREA RESIDENTS WHO QUALIFY.
-
PROVIDES RESIDENTIAL HOUSING TO LOW INCOME INDIVIDUALS AND FAMILIES.
Expenses $319,885 · Revenue $272,007
As filed on the 2023 return.
Listed in Part VII
-
Deborah CollinsDEBORAH COLLINS
PRESIDENT (AS OF 1/2024)
- Total calculated
- $131,974
- From this org
- $0
- From related orgs
- $112,408
- Other
- $19,566
- Hours/week
- 2 + 37 related
-
Deborah HughesDEBORAH HUGHES
PRESIDENT (UNTIL 1/2024)
- Total calculated
- $120,611
- From this org
- $0
- From related orgs
- $110,035
- Other
- $10,576
- Hours/week
- 2 + 37 related
-
Rev Dr Althea SmithREV DR ALTHEA SMITH
CHAIR (UNTIL 7/24/24)
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Dayenne WaltersDAYENNE WALTERS
CLERK (UNTIL 5/14/24)
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Taneeka JohnsonTANEEKA JOHNSON
INTERIM BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Gregory ConnorGREGORY CONNOR
TREASURER
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Shelly StewartSHELLY STEWART
CLERK
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Jessica PutneyJESSICA PUTNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Widmine Lola RemyWIDMINE LOLA REMY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 4 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.
-
501(C)(3) · HELP HOMELESS AND AT RISK FAMILIES LEARN THE SKILLS NECESSARY TO SURVIVE. · MA
-
35 HANSBOROUGH AFFORDABLE HOUSING INC
501(C)(3) · TO PROVIDE LOW INCOME HOUSING TO AREA RESIDENTS WHO QUALIFY. · MA
Directly controlled by BROOKVIEW HOUSE INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202522279349300932
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