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Nonprofiteer
← NONPROFIT HOUSING PRESERVATION PI INC

Form 990 for tax year 2025

Filed by NONPROFIT HOUSING PRESERVATION PI INC.

Totals

Total revenue
$1,692,754
Total expenses
$1,699,483
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,681,893
Investment income
$10,861
Other revenue
$0
Total assets, end of year
$6,698,929
Total liabilities, end of year
$7,244,655
Net assets or fund balances, end of year
-$545,726
Program services expenses (Part IX)
$1,528,450
Management and general expenses
$171,033
Fundraising expenses
$0
Program service expenses (Part III)
$1,528,450

Program services were 89.9% 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 REVENUE

    total $1,626,437 · related or exempt $1,626,437

  • 2b · Program service revenue: LAUNDRY & VENDING

    total $55,456 · related or exempt $55,456

  • 3 · Investment income

    total $10,861 · excluded $10,861

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $144,131 · program services $144,131

  • 8 · Pension plan contributions

    total $1,031 · program services $1,031

  • 9 · Other employee benefits

    total $44,682 · program services $44,682

  • 10 · Payroll taxes

    total $8,612 · program services $8,612

  • 11a · Fees: management

    total $121,732 · management and general $121,732

  • 11b · Fees: legal

    total $12,594 · management and general $12,594

  • 11c · Fees: accounting

    total $6,750 · management and general $6,750

  • 12 · Advertising and promotion

    total $1,055 · program services $1,055

  • 13 · Office expenses

    total $19,279 · program services $19,279

  • 14 · Information technology

    total $9,702 · program services $9,702

  • 16 · Occupancy

    total $222,928 · program services $222,928

  • 19 · Conferences, conventions and meetings

    total $2,248 · management and general $2,248

  • 20 · Interest

    total $222,394 · program services $222,394

  • 22 · Depreciation, depletion and amortization

    total $304,537 · program services $304,537

  • 23 · Insurance

    total $370,876 · program services $370,876

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $155,948 · program services $155,948

  • 24b · Other expenses: MISCELLANEOUS ADMINISTR

    total $27,709 · management and general $27,709

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $22,734 · program services $22,734

  • 24d · Other expenses: OTHER TAXES

    total $541 · program services $541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,589 · end of year $108,583

  • 4 · Accounts receivable

    beginning of year $4,478 · end of year $51,666

  • 9 · Prepaid expenses and deferred charges

    beginning of year $159,553 · end of year $177,158

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

    $10,420,466

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

    $4,891,067

  • 10c · Land, buildings and equipment, net

    beginning of year $5,633,570 · end of year $5,529,399

  • 14 · Intangible assets

    beginning of year $166,989 · end of year $157,466

  • 15 · Other assets

    beginning of year $825,586 · end of year $674,657

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,177 · end of year $179,905

  • 19 · Deferred revenue

    beginning of year $4,361 · end of year $8,010

  • 23 · Secured mortgages and notes payable

    beginning of year $7,115,430 · end of year $6,971,418

  • 25 · Other liabilities

    beginning of year $95,794 · end of year $85,322

  • 27 · Net assets without donor restrictions

    beginning of year -$538,997 · end of year -$545,726

Mission and programs · 2025

Mission

TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP AND OPERATION OF AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.

  • 150 UNIT APARTMENT COMPLEX PROVIDING HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES.

    Expenses $1,528,450 · Revenue $1,681,893

As filed on the 2025 return.

Listed in Part VII

  • John Corbett

    PRESIDENT/CEO

    Total calculated
    $0
    Hours/week
    0.1

  • Hugh Jacobs

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Stephen M Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Eric Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Carlos Gonzalez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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
2025
Filed
17 September 2026
IRS schema version
2025v4.2
Source object
202632609349300733

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