Skip to content
Nonprofiteer
← AMERICAN VILLAGE COMMUNITIES INC

Form 990 for tax year 2022

Filed by AMERICAN VILLAGE COMMUNITIES INC.

Totals

Total revenue
$3,744,529
Total expenses
$3,205,612
Contributions and grants received
$0
Grants paid
$27,075
Program service revenue
$3,399,288
Investment income
$60,983
Other revenue
$284,258
Total assets, end of year
$10,500,859
Total liabilities, end of year
$6,898,942
Net assets or fund balances, end of year
$3,601,917
Program services expenses (Part IX)
$3,020,794
Management and general expenses
$184,818
Fundraising expenses
$0
Program service expenses (Part III)
$3,020,794

Program services were 94.2% 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 REAL ESTATE

    total $3,841,015 · related or exempt $3,841,015

  • 2b · Program service revenue: VACANCIES AND ALLOWANC

    total -$441,727 · related or exempt -$441,727

  • 3 · Investment income

    total $61,323 · excluded $61,323

  • 7a · Gross sales of assets other than inventory

    securities $65,412

  • 7b · Less cost or other basis and sales expenses

    securities $65,752

  • 7c · Gain or loss

    securities -$340

  • 7d · Net gain or loss

    total -$340 · related or exempt -$340

  • 11a · Other revenue: CABLE INCOME

    total $137,580 · related or exempt $137,580

  • 11b · Other revenue: CLEANING FEES & DAMAGE

    total $45,707 · related or exempt $45,707

  • 11c · Other revenue: LAUNDRY & VENDING INCO

    total $43,749 · related or exempt $43,749

  • 11d · All other revenue

    total $57,222 · related or exempt $57,222

  • 11e · Other revenue, total

    $284,258

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,075 · program services $27,075

  • 7 · Other salaries and wages

    total $571,794 · program services $571,794

  • 9 · Other employee benefits

    total $122,982 · program services $122,982

  • 10 · Payroll taxes

    total $61,967 · program services $61,967

  • 11a · Fees: management

    total $156,450 · program services $156,450

  • 11b · Fees: legal

    total $8,479 · program services $8,479

  • 11c · Fees: accounting

    total $16,200 · program services $16,200

  • 11f · Fees: investment management

    total $8,841 · program services $8,841

  • 12 · Advertising and promotion

    total $63,865 · program services $63,865

  • 13 · Office expenses

    total $59,902 · program services $59,902

  • 16 · Occupancy

    total $846,108 · program services $846,108

  • 17 · Travel

    total $5,595 · program services $5,595

  • 22 · Depreciation, depletion and amortization

    total $392,565 · program services $392,565

  • 23 · Insurance

    total $9,818 · management and general $9,818

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $646,270 · program services $646,270

  • 24b · Other expenses: CAPACITY SUSTAINING GRA

    total $175,000 · management and general $175,000

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $31,704 · program services $31,704

  • 24d · Other expenses: RESIDENT ACTIVITIES

    total $997 · program services $997

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $503,216 · end of year $379,870

  • 2 · Savings and temporary cash investments

    beginning of year $341,217 · end of year $433,179

  • 4 · Accounts receivable

    beginning of year $5,472 · end of year $2,612

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

    $13,040,619

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

    $6,745,426

  • 10c · Land, buildings and equipment, net

    beginning of year $6,645,183 · end of year $6,295,193

  • 11 · Investments: publicly traded securities

    beginning of year $3,067,196 · end of year $3,370,005

  • 14 · Intangible assets

    beginning of year $49,413 · end of year $20,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,284 · end of year $42,127

  • 19 · Deferred revenue

    beginning of year $61,500 · end of year $45,899

  • 23 · Secured mortgages and notes payable

    beginning of year $7,137,013 · end of year $6,733,820

  • 25 · Other liabilities

    beginning of year $69,661 · end of year $77,096

  • 27 · Net assets without donor restrictions

    beginning of year $3,312,239 · end of year $3,601,917

Mission and programs · 2022

Mission

EL PASO - AMERICAN HOUSING FOUNDATION, A TEXAS NON-STOCK, NOT-FOR-PROFIT CORPORATION IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE WAS ORGANIZED TO OWN AND OPERATE TWO APARTMENT COMPLEXES FOR LOW-INCOME PERSONS AND VERY LOW-INCOME PERSONS.

Activities or mission (Part I)

PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND VERY LOW-INCOME PERSONS.

  • PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME PERSONS AND VERY LOW-INCOME PERSONS.

    Expenses $3,020,794 · Grants $27,075 · Revenue $3,683,206

As filed on the 2022 return.

Listed in Part VII

  • Brant Baber

    PRES/TREAS/DIRECTOR

    Total calculated
    $320,252
    From this org
    $0
    From related orgs
    $316,250
    Other
    $4,002
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,250 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $4,002 related
    Filer's total
    $0 + $320,252 related

  • John Conrad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Sandra Romero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Katherine Kalinowski

    VICE PRES/SECRETARY

    Total calculated
    $216,406
    From this org
    $0
    From related orgs
    $212,750
    Other
    $3,656
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $212,750 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $3,656 related
    Filer's total
    $0 + $216,406 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

The filer's explanations (Part III)

PART II:
THE PRESIDENT (WHO ALSO IS A DIRECTOR) AND THE VICE PRESIDENT RECEIVE COMPENSATION ONLY FROM A RELATED EXEMPT ORGANIZATION, AMERICAN VILLAGE COMMUNITIES, INC., A VIRGINIA NONPROFIT CORPORATION AND SUPPORTING ORGANIZATION FOR TAXPAYER UNDER SEC 509(A)(3) OF THE IRC, BUT RECEIVES NO COMPENSATION FROM THE TAXPAYER.

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

  • CHRISTIAN WOMEN'S JOB CORPS

    $10,000

    TO ASSIST THE ORGANIZATION WITH THEIR CHARITABLE OPERATIONS.

  • WETERN CULTURAL HERITAGE FOUNDATION

    $10,000

    TO ASSIST THE ORGANIZATION WITH THEIR CHARITABLE OPERATIONS.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303179349305520

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.