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Nonprofiteer
← Alpha Delta Housing Inc

Form 990 for tax year 2023

Filed by Alpha Delta Housing Inc.

Totals

Total revenue
$620,750
Total expenses
$685,528
Contributions and grants received
$600,250
Grants paid
$0
Program service revenue
$0
Investment income
$20,500
Other revenue
$0
Total assets, end of year
$5,137,026
Total liabilities, end of year
$5,380,410
Net assets or fund balances, end of year
-$243,384
Program services expenses (Part IX)
$685,528
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$685,528

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.

  • 1b · Membership dues

    $600,250

  • 3 · Investment income

    total $20,500 · unrelated business $2,500 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $23,850 · program services $23,850 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $155 · program services $155 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $445,773 · program services $445,773 · management and general $0 · fundraising $0

  • 20 · Interest

    total $215,750 · program services $215,750 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,211 · end of year $2,072

  • 2 · Savings and temporary cash investments

    beginning of year $155 · end of year $155

  • 9 · Prepaid expenses and deferred charges

    beginning of year $708

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

    $5,064,620

  • 10c · Land, buildings and equipment, net

    beginning of year $3,597,111 · end of year $5,064,620

  • 11 · Investments: publicly traded securities

    beginning of year $62,059 · end of year $67,819

  • 15 · Other assets

    beginning of year $26,590 · end of year $2,360

  • 17 · Accounts payable and accrued expenses

    end of year $87,357

  • 22 · Loans and payables to officers and key people

    beginning of year $2,975,000 · end of year $4,325,000

  • 24 · Unsecured notes and loans payable

    beginning of year $400,000 · end of year $400,000

  • 25 · Other liabilities

    beginning of year $564,436 · end of year $568,053

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$178,602 · end of year -$243,384

Mission and programs · 2023

Mission

Holding lease to local chapter of national college fraternity providing room and board, meeting facilities, and social activities for members only.

  • Rent

    Expenses $445,773

  • Interest Expense

    Expenses $215,750

  • Administrative Expenses

    Expenses $24,005

As filed on the 2023 return.

Listed in Part VII

  • Harold Davidson

    President

    Total calculated
    $0
    Hours/week
    2

  • Richard Kaplan

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Scott Farkas

    Secretary

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2023
Filed
16 December 2024
IRS schema version
2023v6.0
Source object
202530769349301418

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