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Nonprofiteer
← ROW HOUSE INVESTMENTS INC

Form 990 for tax year 2022

Filed by ROW HOUSE INVESTMENTS INC.

Totals

Total revenue
$1,344,968
Total expenses
$13,302
Contributions and grants received
$602,554
Grants paid
$0
Program service revenue
$2,441
Investment income
$739,973
Other revenue
$0
Total assets, end of year
$5,192,395
Total liabilities, end of year
$3,431,749
Net assets or fund balances, end of year
$1,760,646
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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)

    $325,000

  • 1f · All other contributions, gifts and grants

    $277,554

  • 2a · Program service revenue: PROGRAM FEES

    total $2,441 · related or exempt $2,441

  • 7a · Gross sales of assets other than inventory

    other assets $821,000

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

    other assets $81,027

  • 7c · Gain or loss

    other assets $739,973

  • 7d · Net gain or loss

    total $739,973 · related or exempt $739,973

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $1,499

  • 20 · Interest

    total $10,853

  • 24a · Other expenses: MISCELLANEOUS

    total $950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,489 · end of year $56,286

  • 9 · Prepaid expenses and deferred charges

    end of year $5,177

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

    $5,068,427

  • 10c · Land, buildings and equipment, net

    beginning of year $3,365,184 · end of year $5,068,427

  • 14 · Intangible assets

    beginning of year $3,861 · end of year $62,505

  • 19 · Deferred revenue

    beginning of year $650,000

  • 23 · Secured mortgages and notes payable

    beginning of year $2,777,242 · end of year $3,431,749

  • 27 · Net assets without donor restrictions

    beginning of year $98,292 · end of year $1,760,646

Mission and programs · 2022

Mission

ROW HOUSE INVESTMENTS, INC. IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING, HOLDING TITLE TO, AND COLLECTING INCOME FROM REAL PROPERTY AND REMITTING THE ENTIRE AMOUNT OF INCOME FROM SUCH PROPERTY (LESS EXPENSES) TO CHINATOWN CLT.

  • ROW HOUSE PRESERVATION ACQUIRED TWO ROW HOUSE PROPERTIES, 29 OAK STREET AND 95 HUDSON STREET, RECOVERED FROM SHORT-TERM RENTAL USE, AND BEGAN CONSTRUCTION REHAB TO PRESERVE AS 7 PERMANENTLY AFFORDABLE HOME OWNERSHIP UNITS ON A GROUND LEASE. FOLLOWING ACQUISITION AND LIGHT RENOVATIONS OF TWO HISTORIC ROW HOUSES RECOVERED FROM SHORT-TERM RENTAL USE, DURING FY 2022, RHI SOLD THREE (3) AFFORDABLE CONDO UNITS TO LOW-INCOME, FIRST-TIME HOMEBUYERS. 7/19/2021 SOLD 29 OAK STREET UNIT 3 FOR 227,900 10/19/2021 SOLD 29 OAK STREET UNIT 1 FOR 167,700 3/28/2022 SOLD 29 OAK STREET UNIT 2 FOR 167,700.

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

Listed in Part VII

  • Lydia Lowe

    CCLT PRESIDE

    Total calculated
    $54,842
    From this org
    $0
    From related orgs
    $53,175
    Other
    $1,667
    Hours/week
    5 + 25 related

  • Lawrence Cheng

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chinatown Community Land Trust

    SOLE MEMBER

    Total calculated
    $0

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.

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
10 May 2024
IRS schema version
2022v5.0
Source object
202431319349301528

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