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← PARTNERS IN HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by PARTNERS IN HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,351,065
Total expenses
$2,279,978
Contributions and grants received
$708,091
Grants paid
$0
Program service revenue
$423,875
Investment income
$107,602
Other revenue
$111,497
Total assets, end of year
$15,752,752
Total liabilities, end of year
$1,817,588
Net assets or fund balances, end of year
$13,935,164
Program services expenses (Part IX)
$1,008,963
Management and general expenses
$1,264,868
Fundraising expenses
$6,147
Program service expenses (Part III)
$1,008,963

Program services were 44.3% 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.

  • 1c · Fundraising events

    $45,250

  • 1e · Government grants (contributions)

    $228,392

  • 1f · All other contributions, gifts and grants

    $434,449

  • 2a · Program service revenue: RENTAL INCOME

    total $340,435 · related or exempt $340,435

  • 2b · Program service revenue: CONSULTING FEE INCOME

    total $53,940 · related or exempt $53,940

  • 2c · Program service revenue: MANAGEMENT FEE INCOME

    total $29,500 · related or exempt $29,500

  • 3 · Investment income

    total $107,602 · excluded $107,602

  • 8a · Fundraising events: gross income

    $0

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

    $45,250

  • 8b · Fundraising events: direct expenses

    $10,784

  • 8c · Net income from fundraising events

    total -$10,784 · excluded -$10,784

  • 11a · Other revenue: FLOW-THROUGH RENTAL IN

    total $61,300 · related or exempt $61,300

  • 11b · Other revenue: OTHER INCOME

    total $52,192 · excluded $52,192

  • 11c · Other revenue: TENANT CHARGES

    total $8,305 · excluded $8,305

  • 11d · All other revenue

    total $484 · excluded $484

  • 11e · Other revenue, total

    $122,281

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $134,142 · management and general $134,142

  • 7 · Other salaries and wages

    total $407,849 · program services $8,980 · management and general $398,869

  • 9 · Other employee benefits

    total $16,853 · program services $1,819 · management and general $15,034

  • 10 · Payroll taxes

    total $31,193 · program services $4,956 · management and general $26,237

  • 11b · Fees: legal

    total $16,214 · management and general $16,214

  • 11c · Fees: accounting

    total $21,375 · management and general $21,375

  • 13 · Office expenses

    total $180,212 · program services $34,687 · management and general $139,378 · fundraising $6,147

  • 16 · Occupancy

    total $1,175,130 · program services $759,757 · management and general $415,373

  • 17 · Travel

    total $5,207 · program services $845 · management and general $4,362

  • 20 · Interest

    total $66,208 · program services $13,407 · management and general $52,801

  • 22 · Depreciation, depletion and amortization

    total $169,012 · program services $145,245 · management and general $23,767

  • 23 · Insurance

    total $56,583 · program services $39,267 · management and general $17,316

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $776,692 · end of year $273,275

  • 2 · Savings and temporary cash investments

    beginning of year $11,445 · end of year $11,970

  • 4 · Accounts receivable

    beginning of year $831,069 · end of year $449,913

  • 7 · Other notes and loans receivable

    beginning of year $4,243,774 · end of year $4,821,468

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,993 · end of year $24,125

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

    $4,242,122

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

    $1,225,261

  • 10c · Land, buildings and equipment, net

    beginning of year $3,135,290 · end of year $3,016,861

  • 13 · Investments: program-related

    beginning of year $4,754,770 · end of year $4,987,894

  • 14 · Intangible assets

    beginning of year $27,306 · end of year $10,055

  • 15 · Other assets

    beginning of year $2,113,563 · end of year $2,157,191

  • 17 · Accounts payable and accrued expenses

    beginning of year -$277,773 · end of year $169,794

  • 19 · Deferred revenue

    beginning of year $4,375 · end of year $13,543

  • 23 · Secured mortgages and notes payable

    beginning of year $1,466,599 · end of year $1,623,154

  • 25 · Other liabilities

    beginning of year $10,397 · end of year $11,097

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,701,304 · end of year $13,935,164

Mission and programs · 2022

Mission

PARTNERS IN HOUSING DEVELOPMENT CORPORATION WAS INCORPORATED AS AN INDIANA NOT-FOR-PROFIT CORPORATION IN NOVEMBER 1993. THE MISSION IS TO PROVIDE AFFORDABLE HOUSING TO THE PEOPLE WHO MOST NEED A STABLE PLACE TO LIVE, WHILE GIVING THEM SUPPORT AND A CHANCE TO REACH THEIR HIGHEST LEVEL OF SELF-SUFFICIENCY. TO MEET THESE OBJECTIVES, THE CORPORATION'S ACTIVITIES INCLUDE, BUT ARE NOT LIMITED TO, THE ACQUISITION, DEVELOPMENT, REHABILITATION, AND CONSTRUCTION OF REAL PROPERTY FOR LOW INCOME HOUSING AND TO PROVIDE SUPPORTIVE SERVICES.

  • AT DECEMBER 31, 2022, THE CORPORATION OWNED OR OPERATED THE FOLLOWING LOW INCOME HOUSING PROJECTS AND SUPPORT PROGRAMS:BURTON II, 23 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK APARTMENTS, 106 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERMOZINGO PLACE, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDBLUE TRIANGLE APTS, SPECIAL NEEDS, INDIANAPOLIS, IN- WHOLLY OWNEDGUERIN PLACE APTS., 19 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDLINWOOD APARTMENTS, 28 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDST. GEORGE APTS, 58 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDFALL CREEK, 50 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERGLENMOOR, 24 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - 33.33% PARTNERAPPERSON WAY, 69 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERBLUE-MOZINGO, 72 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERTRIPLE P APARTMENTS, 87 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNERCOLONIAL PARK, L.P., SPECIAL NEEDS, INDIANAPOLIS, IN - WHOLLY OWNEDTHE POINT ON FALL CREEK, 59 UNITS, SPECIAL NEEDS, INDIANAPOLIS, IN - GENERAL PARTNER

    Expenses $1,008,963 · Revenue $485,175

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Green

    EXECUTIVE DIRECTOR

    Total calculated
    $134,142
    From this org
    $134,142
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Janine Betsey

    PRESIDENT/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Walter Freihofer

    VICE CHAIRMAN/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathy Overbey

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kathleen Lara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Bruce Baird

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Marendt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chad Austin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Trelles Evan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Nicole Kearney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sharvonne Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ronald Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Phil Smith

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wendy Brewer

    FORMER DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • LINWOOD MANOR LLC

    AFFORDABLE HOUSING · IN · income -$16,793 · assets $527,456

  • PARTNERS IN HOUSING - ST GEORGE LLC

    AFFORDABLE HOUSING · IN · income -$110,789 · assets $1,774,291

  • PARTNERS IN HOUSING - ORLEANS LLC

    AFFORDABLE HOUSING · IN

  • MOZINGO PLACE LP

    AFFORDABLE HOUSING · IN · income -$13,762 · assets $156,560

  • BLUE TRIANGLE LP

    AFFORDABLE HOUSING · IN · income -$17,253 · assets $145,988

  • PARTNERS IN HOUSING - GUERIN LLC

    AFFORDABLE HOUSING · IN · income $9 · assets $216,556

  • PARTNERS PROPERTIES - BURTON LLC

    AFFORDABLE HOUSING · IN

  • PARTNERS PROPERTIES - FALL CREEK VIEW LLC

    AFFORDABLE HOUSING · IN

  • PARTNERS PROPERTIES - APPERSON WAY APARTMENTS LP

    AFFORDABLE HOUSING · IN

Related partnerships

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

  • BURTON APARTMENTS II LP

    AFFORDABLE HOUSING · IN · general or managing partner

  • THE POINT ON FALL CREEK II LP

    AFFORDABLE HOUSING · IN · general or managing partner

  • GLENMOOR LLC

    RELATED · AFFORDABLE HOUSING · IN · 33.33% owned

  • BLUE-MOZINGO LP

    AFFORDABLE HOUSING · IN · general or managing partner

  • COLONIAL PARK LP

    AFFORDABLE HOUSING · IN · general or managing partner

  • TRIPLE P APARTMENTS LP

    AFFORDABLE HOUSING · IN · general or managing partner

  • COLONIAL PARK APARTMENTS LP

    RELATED · AFFORDABLE HOUSING · IN · general or managing partner

Related corporations and trusts

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

  • PARTNERS PROPERTIES INC

    C · AFFORDABLE HOUSING · IN · 100% owned

  • PARTNERS PROPERTIES II INC

    C · AFFORDABLE HOUSING · IN · 100% owned

  • PARTNERS PROPERTIES - COLONIAL PARK INC

    C · AFFORDABLE HOUSING · IN · 100% owned

  • PARTNERS PROPERTIES - APPERSON WAY APARTMENTS LLC

    C · AFFORDABLE HOUSING · IN · 100% owned

  • PIHDC-BLUE-MOZINGO LLC

    C · AFFORDABLE HOUSING · IN · 100% owned

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202333199349305278

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