Form 990 for tax year 2024
Filed by TRANSITIONAL HOUSING SERVICES INC.
Totals
- Total revenue
- $1,762,395
- Total expenses
- $2,437,637
- Contributions and grants received
- $41,080
- Grants paid
- $0
- Program service revenue
- $1,720,104
- Investment income
- $1,211
- Other revenue
- $0
- Total assets, end of year
- $655,045
- Total liabilities, end of year
- $4,178,965
- Net assets or fund balances, end of year
- -$3,523,920
- Program services expenses (Part IX)
- $2,437,205
- Management and general expenses
- $432
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,437,205
Program services were 100.0% 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)
$27,535
-
1f · All other contributions, gifts and grants
$13,545
-
2a · Program service revenue: SERVICE REVENUE
total $1,720,104 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,211 · unrelated business $0 · excluded $1,211
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $2,293,774 · program services $2,293,774 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $1,181 · program services $1,027 · management and general $154 · fundraising $0
-
11g · Fees: other
total $4,140 · program services $4,140 · management and general $0 · fundraising $0
-
13 · Office expenses
total $4,606 · program services $4,386 · management and general $220 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $5,227 · program services $5,227 · management and general $0 · fundraising $0
-
23 · Insurance
total $3,830 · program services $3,830 · management and general $0 · fundraising $0
-
24a · Other expenses: OTHER PROGRAM EXPENSES
total $80,257 · program services $80,257 · management and general $0 · fundraising $0
-
24b · Other expenses: UTILITIES
total $2,897 · program services $2,839 · management and general $58 · fundraising $0
-
24c · Other expenses: BUILDING REPAIRS AND MAINTENANCE
total $38,473 · program services $38,473 · management and general $0 · fundraising $0
-
24d · Other expenses: LICENSES AND PERMITS
total $2,217 · program services $2,217 · management and general $0 · fundraising $0
-
24e · All other expenses
total $1,035 · program services $1,035 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $243,697 · end of year $3,236
-
2 · Savings and temporary cash investments
beginning of year $42,987 · end of year $191,295
-
4 · Accounts receivable
beginning of year $227,709 · end of year $332,285
-
10a · Land, buildings and equipment: cost or other basis
$417,321
-
10b · Land, buildings and equipment: accumulated depreciation
$307,122
-
10c · Land, buildings and equipment, net
beginning of year $110,315 · end of year $110,199
-
15 · Other assets
beginning of year $15,000 · end of year $18,030
-
17 · Accounts payable and accrued expenses
beginning of year $5,347 · end of year $9,539
-
19 · Deferred revenue
beginning of year $4,589 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $17,763 · end of year $18,923
-
23 · Secured mortgages and notes payable
beginning of year $24,292 · end of year $12,145
-
25 · Other liabilities
beginning of year $3,436,395 · end of year $4,138,358
-
27 · Net assets without donor restrictions
beginning of year -$2,875,039 · end of year -$3,534,547
-
28 · Net assets with donor restrictions
beginning of year $26,361 · end of year $10,627
Mission and programs · 2024
Mission
TO PROVIDE DECENT AFFORDABLE HOUSING AND TRANSITIONAL HOUSING, EMERGENCY SHELTER, AND SUPPORT NEEDS HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES.
-
PROVIDES HOMES FOR USE AS OCCUPANCY AS EMERGENCY SHELTERS OR TRANSITIONAL HOUSING FOR THE HOMELESS.
Expenses $2,437,205 · Revenue $1,720,104
As filed on the 2024 return.
Listed in Part VII
-
Kent PipesKENT PIPES
PRESIDENT
- Total calculated
- $132,418
- From this org
- $0
- From related orgs
- $132,418
- Other
- $0
- Hours/week
- 5
-
Mark JorgensenMARK JORGENSEN
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Janey Bowe-WhiteJANEY BOWE-WHITE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lashawn BarberLASHAWN BARBER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
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.
-
AFFORDABLE HOMES GROUP INC
501(C)(3) · AFFORDABLE HOUSING · NJ
Directly controlled by AFFORDABLE HOMES GROUP INC
-
501(C)(3) · AFFORDABLE HOUSING · NJ
Directly controlled by AFFORDABLE HOMES GROUP INC
-
501(C)(3) · AFFORDABLE HOUSING · NJ
Directly controlled by AFFORDABLE HOMES GROUP INC
-
ALTERNATIVE LIVING FOR LATER YEARS
501(C)(3) · AFFORDABLE HOUSING FOR SENIORS · NJ
Directly controlled by AFFORDABLE HOMES GROUP INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202641869349300254
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