Form 990 for tax year 2022
Filed by HOMESTEADING AND URBAN REDEVELOPMENT CORPORATION.
Totals
- Total revenue
- $1,575,436
- Total expenses
- $1,978,661
- Contributions and grants received
- $174,436
- Grants paid
- $0
- Program service revenue
- $1,401,000
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $824,027
- Total liabilities, end of year
- $777,296
- Net assets or fund balances, end of year
- $46,731
- Program services expenses (Part IX)
- $1,969,215
- Management and general expenses
- $9,446
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,969,215
Program services were 99.5% 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.
-
1e · Government grants (contributions)
$75,800
-
1f · All other contributions, gifts and grants
$98,636
-
2a · Program service revenue: Sale of property
total $1,401,000 · unrelated business $0 · excluded $0
-
11a · Other revenue: Miscellaneous
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $8,000 · program services $0 · management and general $8,000 · fundraising $0
-
13 · Office expenses
total $9,099 · program services $7,653 · management and general $1,446 · fundraising $0
-
20 · Interest
total $36,919 · program services $36,919 · management and general $0 · fundraising $0
-
24a · Other expenses: Acquisition and rehabilitation costs
total $1,821,733 · program services $1,821,733 · management and general $0 · fundraising $0
-
24b · Other expenses: Special project fees
total $102,910 · program services $102,910 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $683,464 · end of year $492,811
-
3 · Pledges and grants receivable
beginning of year $1,464 · end of year $90,114
-
9 · Prepaid expenses and deferred charges
beginning of year $1,748 · end of year $9,320
-
15 · Other assets
beginning of year $1,343,624 · end of year $231,782
-
17 · Accounts payable and accrued expenses
beginning of year $3,744 · end of year $164,296
-
23 · Secured mortgages and notes payable
beginning of year $1,303,600 · end of year $340,000
-
24 · Unsecured notes and loans payable
beginning of year $273,000 · end of year $273,000
-
27 · Net assets without donor restrictions
beginning of year $296,956 · end of year -$61,269
-
28 · Net assets with donor restrictions
beginning of year $153,000 · end of year $108,000
Mission and programs · 2022
Mission
To rehabilitation blighted properties for potential home ownership by low income families.
-
Purchase of blighted properties and conveyance of ownership to qualified individuals or families in exchange for repair improvements and occupancy for a minimum of three years.
Expenses $1,969,215 · Revenue $1,401,000
As filed on the 2022 return.
Listed in Part VII
-
Jeanne Golliher
Chairperson
- Total calculated
- $0
- Hours/week
- 1
-
Kathy Schwab
Vice Chairperson
- Total calculated
- $0
- Hours/week
- 1
-
Alisa Berry
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dawn Grace
Director
- Total calculated
- $0
- Hours/week
- 1
-
LaVerne Mitchell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jessica Powell
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Thomas
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laura Brunner
Secretary
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349327481
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