Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $156,572

• 1c · Fundraising events

  $109,650

• 1e · Government grants (contributions)

  $772,385

• 1f · All other contributions, gifts and grants

  $840,516

• 1g · Noncash contributions included above

  $93,996

• 2a · Program service revenue: YOUTH SERVICES EARLY HEADSTART

  total $146,884 · related or exempt $146,884

• 2b · Program service revenue: YOUTH SERVICES PROGRAM FEES

  total $59,402 · related or exempt $59,402

• 2c · Program service revenue: HOUSING LIVING AND PROGRAM FEES

  total $1,236 · related or exempt $1,236

• 3 · Investment income

  total $64,641 · excluded $64,641

• 7a · Gross sales of assets other than inventory

  securities $702,247

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

  securities $1,094,521

• 7c · Gain or loss

  securities -$392,274

• 7d · Net gain or loss

  total -$392,274 · excluded -$392,274

• 8a · Fundraising events: gross income

  $81,684

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

  $109,650

• 8b · Fundraising events: direct expenses

  $87,510

• 8c · Net income from fundraising events

  total -$5,826 · excluded -$5,826

• 9a · Gaming: gross income

  $1,600

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $1,600 · excluded $1,600

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $498 · related or exempt $498

• 11e · Other revenue, total

  $498

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $255,136 · program services $69,747 · management and general $149,236 · fundraising $36,153

• 7 · Other salaries and wages

  total $2,165,880 · program services $1,844,571 · management and general $199,665 · fundraising $121,644

• 9 · Other employee benefits

  total $234,161 · program services $176,931 · management and general $38,205 · fundraising $19,025

• 10 · Payroll taxes

  total $182,979 · program services $142,599 · management and general $28,039 · fundraising $12,341

• 11b · Fees: legal

  total $7,500 · management and general $7,500

• 11c · Fees: accounting

  total $42,565 · management and general $42,565

• 11f · Fees: investment management

  total $6,420 · management and general $6,420

• 11g · Fees: other

  total $60,022 · program services $19,684 · management and general $23,752 · fundraising $16,586

• 12 · Advertising and promotion

  total $4,804 · fundraising $4,804

• 13 · Office expenses

  total $30,270 · program services $18,739 · management and general $7,930 · fundraising $3,601

• 14 · Information technology

  total $13,732 · program services $7,370 · management and general $4,969 · fundraising $1,393

• 16 · Occupancy

  total $194,566 · program services $177,764 · management and general $13,450 · fundraising $3,352

• 17 · Travel

  total $1,585 · program services $1,517 · fundraising $68

• 22 · Depreciation, depletion and amortization

  total $163,005 · program services $160,720 · management and general $1,903 · fundraising $382

• 23 · Insurance

  total $61,534 · program services $47,736 · management and general $8,373 · fundraising $5,425

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $347,580 · program services $327,267 · management and general $19,879 · fundraising $434

• 24b · Other expenses: DIRECT CLIENT COSTS

  total $316,788 · program services $316,788

• 24c · Other expenses: SUPPLIES

  total $90,561 · program services $3,516 · management and general $1,526 · fundraising $85,519

• 24d · Other expenses: TAXES, LICENSES AND DUE

  total $24,468 · program services $8,150 · management and general $13,931 · fundraising $2,387

• 24e · All other expenses

  total $14,656 · program services $1,697 · management and general $1,532 · fundraising $11,427

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $221,104 · end of year $335,930

• 2 · Savings and temporary cash investments

  beginning of year $1,411,442 · end of year $22,754

• 3 · Pledges and grants receivable

  beginning of year $496,647 · end of year $265,347

• 9 · Prepaid expenses and deferred charges

  beginning of year $79,642 · end of year $1,496

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

  $11,165,452

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

  $10,176,074

• 10c · Land, buildings and equipment, net

  beginning of year $1,120,899 · end of year $989,378

• 11 · Investments: publicly traded securities

  beginning of year $1,069,210 · end of year $575,933

• 12 · Investments: other securities

  end of year $15,000

• 17 · Accounts payable and accrued expenses

  beginning of year $276,473 · end of year $155,918

• 19 · Deferred revenue

  beginning of year $53,000

• 23 · Secured mortgages and notes payable

  beginning of year $800,000 · end of year $800,000

• 27 · Net assets without donor restrictions

  beginning of year $2,031,896 · end of year $633,286

• 28 · Net assets with donor restrictions

  beginning of year $1,237,575 · end of year $616,634

The filer's explanations (Part III)

PART I, LINE 3

MICHAEL HUGHES AND THE OFFICERS LISTED IN FORM 990, PART VII, ARE COMPENSATED BY THE RELATED ORGANIZATION, A NEW LEAF, INC., FOR SERVICES PROVIDED TO THE FILING ORGANIZATION AND RELATED ORGANIZATIONS. A NEW LEAF, INC. EMPLOYS THE MANAGEMENT GROUP FOR ALL RELATED AFFILIATES. THE FILING ORGANIZATION RELIED ON A NEW LEAF, INC., WHICH USED ONE OR MORE OF THE METHODS DESCRIBED IN PART I, LINE 3 TO ESTABLISH EXECUTIVE COMPENSATION.

Related partnerships

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

• PROSPECT PARK I LP

  LOW INCOME HOUSING · AZ

• LA MESITA APARTMENTS LP

  LOW INCOME HOUSING · AZ

• LA MESITA APARTMENTS PHASE 3 LP

  LOW INCOME HOUSING · AZ

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• LA MESITA APARTMENTS LLC

  C · LOW INCOME HOUSING · AZ

• LA MESITA APARTMENTS PHASE 3 LLC

  C · LOW INCOME HOUSING · AZ