Totals
- Total revenue
- $75,000
- Total expenses
- $347,270
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $75,000
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $8,076,326
- Total liabilities, end of year
- $8,835,951
- Net assets or fund balances, end of year
- -$759,625
- Program services expenses (Part IX)
- $284,128
- Management and general expenses
- $57,677
- Fundraising expenses
- $5,465
- Program service expenses (Part III)
- $284,128
Program services were 81.8% 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: RENTAL INCOME
total $75,000 · related or exempt $75,000
Functional expenses
Part IX, the statement of functional expenses.
-
13 · Office expenses
total $3,161 · program services $3,161
-
20 · Interest
total $94,458 · program services $79,930 · management and general $13,265 · fundraising $1,263
-
22 · Depreciation, depletion and amortization
total $249,361 · program services $201,037 · management and general $44,122 · fundraising $4,202
-
24a · Other expenses: MISCELLANEOUS
total $290 · management and general $290
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $116,625 · end of year $23,275
-
4 · Accounts receivable
beginning of year $8,875
-
10a · Land, buildings and equipment: cost or other basis
$8,335,865
-
10b · Land, buildings and equipment: accumulated depreciation
$420,210
-
10c · Land, buildings and equipment, net
beginning of year $8,105,928 · end of year $7,915,655
-
15 · Other assets
beginning of year $176,653 · end of year $137,396
-
23 · Secured mortgages and notes payable
beginning of year $8,472,000 · end of year $8,503,295
-
25 · Other liabilities
beginning of year $423,436 · end of year $332,656
-
27 · Net assets without donor restrictions
beginning of year -$487,355 · end of year -$759,625
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO SERVE AS AN AFFILIATE TO RENEWAL HOUSE, INC. IN ORDER TO FACILITATE RENEWAL HOUSE'S NEW MARKETS TAX CREDIT AGREEMENT.
Activities or mission (Part I)
SERVE AS AN AFFILIATE TO RENEWAL HOUSE, INC. TO FACILITATE THE NEW MARKETS TAX CREDIT AGREEMENT.
-
SERVE AS AN AFFILIATE TO RENEWAL HOUSE, INC. IN ORDER TO FACILITATE RENEWAL HOUSE'S NEW MARKETS TAX CREDIT AGREEMENT.
Expenses $284,128 · Revenue $75,000
As filed on the 2023 return.
Listed in Part VII
-
Mary FlipseMARY FLIPSE
BOARD PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Patrick WalshPATRICK WALSH
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Hunter NelsonHUNTER NELSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Sean KirkSEAN KIRK
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
-
Yolonda Brooks RobinsonYOLONDA BROOKS ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Emmicia Bracey SwartzEMMICIA BRACEY SWARTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Henry MengeHENRY MENGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jennifer HillenJENNIFER HILLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Pamela SessionsPAMELA SESSIONS
PRESIDENT
- Total calculated
- $192,164
- From this org
- $0
- From related orgs
- $178,041
- Other
- $14,123
- Hours/week
- 0.5 + 49.5 related
Schedule J breakdown matched by us
- Base
- $0 + $158,041 related
- Bonus
- $0 + $20,000 related
- Other
- $0
- Deferred
- $0 + $4,091 related
- Nontaxable benefits
- $0 + $10,032 related
- Filer's total
- $0 + $192,164 related
-
David JamiesonDAVID JAMIESON
FINANCE DIRECTOR
- Total calculated
- $31,590
- From this org
- $0
- From related orgs
- $31,590
- Other
- $0
- Hours/week
- 0.5 + 9.5 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. 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.
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) · TREATMENT OF WOMEN AND CHILDREN · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202500919349300905
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