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Nonprofiteer
← NONPROFIT HOUSING PRESERVATIONS SB INC

Form 990 for tax year 2023

Filed by NONPROFIT HOUSING PRESERVATIONS SB INC.

Totals

Total revenue
$700,767
Total expenses
$304,466
Contributions and grants received
$0
Grants paid
$303,716
Program service revenue
$700,767
Investment income
$0
Other revenue
$0
Total assets, end of year
$13,928,444
Total liabilities, end of year
$750
Net assets or fund balances, end of year
$13,927,694
Program services expenses (Part IX)
$303,716
Management and general expenses
$750
Fundraising expenses
$0
Program service expenses (Part III)
$303,716

Program services were 99.8% 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: INTEREST INCOME

    total $700,767 · related or exempt $700,767

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $303,716 · program services $303,716

  • 11c · Fees: accounting

    total $750 · management and general $750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,491 · end of year $23,741

  • 4 · Accounts receivable

    beginning of year $303,716

  • 7 · Other notes and loans receivable

    beginning of year $12,145,000 · end of year $12,145,000

  • 15 · Other assets

    beginning of year $1,058,936 · end of year $1,759,703

  • 17 · Accounts payable and accrued expenses

    beginning of year $750 · end of year $750

  • 27 · Net assets without donor restrictions

    beginning of year $13,531,393 · end of year $13,927,694

Mission and programs · 2023

Mission

TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.

  • SELLER FINANCING FOR 308 UNIT APARTMENT COMPLEX PROVIDING HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES.

    Expenses $303,716 · Grants $303,716 · Revenue $700,767

As filed on the 2023 return.

Listed in Part VII

  • JOHN CORBETT

    DIRECTOR, CEO

    Total calculated
    $0
    Hours/week
    0.1

  • HUGH JACOBS

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • RICHARD F BURNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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

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
4 November 2024
IRS schema version
2023v5.1
Source object
202413099349302056

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