Totals
- Total revenue
- $599,652
- Total expenses
- $558,102
- Contributions and grants received
- $0
- Grants paid
- $15,000
- Program service revenue
- $599,571
- Investment income
- $81
- Other revenue
- $0
- Total assets, end of year
- $5,980,711
- Total liabilities, end of year
- $5,846,466
- Net assets or fund balances, end of year
- $134,245
- Program services expenses (Part IX)
- $556,846
- Management and general expenses
- $1,256
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $556,846
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: LOAN SERVICING INCOME
total $535,071 · related or exempt $535,071
-
2b · Program service revenue: CONSTRUCTION LOAN FEES
total $64,500 · related or exempt $64,500
-
3 · Investment income
total $81 · excluded $81
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $15,000 · program services $15,000
-
20 · Interest
total $476,524 · program services $476,524
-
24a · Other expenses: LOAN FEES
total $65,322 · program services $65,322
-
24b · Other expenses: PROFESSIONAL FEES
total $1,000 · management and general $1,000
-
24c · Other expenses: ADMINISTRATIVE
total $256 · management and general $256
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $160,399 · end of year $203,889
-
4 · Accounts receivable
end of year $0
-
7 · Other notes and loans receivable
beginning of year $10,332,000 · end of year $5,776,822
-
19 · Deferred revenue
end of year $0
-
25 · Other liabilities
beginning of year $10,399,704 · end of year $5,846,466
-
27 · Net assets without donor restrictions
beginning of year $92,695 · end of year $134,245
Mission and programs · 2023
Mission
THE ORGANIZATION WAS ESTABLISHED TO HELP PROMOTE AFFORDABLE HOUSING AND TO AID SPONSORS/DEVELOPERS TO ACCESS ALL RESOURSES AVAILABLE.
-
THE ORGANIZATION WAS ESTABLISHED TO HELP PROMOTE AFFORDABLE HOUSING AND TO AID SPONSORS/DEVELOPERS TO ACCESS ALL RESOURSES AVAILABLE. THE ORGANIZATION IS AIDING IN FINANCING LOW INCOME HOUSING PROJECTS.
Expenses $556,846 · Grants $15,000 · Revenue $599,571
As filed on the 2023 return.
Listed in Part VII
-
Keith GloecklKEITH GLOECKL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.25
-
Devin SandersonDEVIN SANDERSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25
-
Vern LandeckVERN LANDECK
TREASURER
- Total calculated
- $0
- Hours/week
- 0.25
-
Greg DemarsGREG DEMARS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.25
-
Eddie BenoitEDDIE BENOIT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Chris BricCHRIS BRIC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Dan DudaDAN DUDA
OFFICER - ORIGINATIONS
- Total calculated
- $0
- Hours/week
- 0.25
-
Rex TilleyREX TILLEY
OFFICER - UNDERWRITING
- Total calculated
- $0
- Hours/week
- 0.25
-
Amr FawziAMR FAWZI
OFFICER - ASSET MGMT
- Total calculated
- $0
- Hours/week
- 0.25
-
Christina ThorntonCHRISTINA THORNTON
OFFICER - RECORDING SECRET
- Total calculated
- $0
- Hours/week
- 0.25
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
-
TO ASSIST IN THE ORGANIZATION'S MISSION OF SUPPORTING THE AFFORDABLE RURAL HOUSING PROFESSION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443119349302704
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.