Totals
- Total revenue
- $830,787
- Total expenses
- $1,129,243
- Contributions and grants received
- $558,937
- Grants paid
- $0
- Program service revenue
- $271,650
- Investment income
- $0
- Other revenue
- $200
- Total assets, end of year
- $529,974
- Total liabilities, end of year
- $103,587
- Net assets or fund balances, end of year
- $426,387
- Program services expenses (Part IX)
- $1,103,740
- Management and general expenses
- $25,503
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,103,740
Program services were 97.7% 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)
$224,346
-
1f · All other contributions, gifts and grants
$334,591
-
2a · Program service revenue: PROGRAM REVENUE
total $271,650 · related or exempt $271,650
-
11a · Other revenue: MISC
total $200 · related or exempt $200
-
11e · Other revenue, total
$200
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $10,655 · program services $1,380 · management and general $9,275
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $702,831 · program services $702,831
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $6,574 · program services $3,453 · management and general $3,121
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $11,618 · program services $11,618
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,190 · program services $1,190
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $15,488 · program services $15,488
-
23 · Insurance
total $2,432 · program services $1,945 · management and general $487
-
24a · Other expenses: COST OF SALES - PROPERTIES SOLD
total $339,965 · program services $339,965
-
24b · Other expenses: DONATIONS
total $1,500 · program services $1,500
-
24c · Other expenses: MISC
total $22,787 · program services $22,400 · management and general $387
-
24d · Other expenses: BANK MERCHANT FEES
total $421 · management and general $421
-
24e · All other expenses
total $13,782 · program services $1,970 · management and general $11,812
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $235,727 · end of year $290,240
-
3 · Pledges and grants receivable
beginning of year $297,033 · end of year $151,815
-
8 · Inventories for sale or use
beginning of year $266,707
-
9 · Prepaid expenses and deferred charges
beginning of year $1,772
-
10a · Land, buildings and equipment: cost or other basis
$131,062
-
10b · Land, buildings and equipment: accumulated depreciation
$43,143
-
10c · Land, buildings and equipment, net
beginning of year $103,407 · end of year $87,919
-
17 · Accounts payable and accrued expenses
end of year $103,578
-
23 · Secured mortgages and notes payable
beginning of year $159,803 · end of year $9
-
24 · Unsecured notes and loans payable
beginning of year $20,000
-
27 · Net assets without donor restrictions
beginning of year $724,843 · end of year $426,387
Mission and programs · 2024
Mission
REDEVELOPS FORECLOSED HOMES AS AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.
-
REDEVELOPS FORECLOSED HOMES AS AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.
Expenses $1,103,740
As filed on the 2024 return.
Listed in Part VII
-
Sarah LiraSARAH LIRA
EXECUTIVE DIRECTOR
- Total calculated
- $28,000
- From this org
- $28,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Loretta BrownLORETTA BROWN
TREASURER
- Total calculated
- $7,470
- From this org
- $7,470
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Wayne BealsWAYNE BEALS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Sandra GatesSANDRA GATES
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
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
- 2024
- Filed
- 22 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502969349300840
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