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Nonprofiteer
← MOUNT CARMEL HOUSING INC

Form 990 for tax year 2022

Filed by MOUNT CARMEL HOUSING INC.

Totals

Total revenue
$1,483,602
Total expenses
$8,479,666
Contributions and grants received
$810,524
Grants paid
$5,407,245
Program service revenue
$306,933
Investment income
$10
Other revenue
$366,135
Total assets, end of year
$9,592,419
Total liabilities, end of year
$23,167,707
Net assets or fund balances, end of year
-$13,575,288
Program services expenses (Part IX)
$8,413,033
Management and general expenses
$66,633
Fundraising expenses
$0
Program service expenses (Part III)
$8,413,033

Program services were 99.2% 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.

  • 1e · Government grants (contributions)

    $810,524

  • 2a · Program service revenue: RENTAL INCOME

    total $306,933 · related or exempt $306,933

  • 3 · Investment income

    total $10 · excluded $10

  • 11d · All other revenue

    total $366,135 · related or exempt $366,135

  • 11e · Other revenue, total

    $366,135

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,407,245 · program services $5,407,245

  • 7 · Other salaries and wages

    total $52,564 · program services $52,564

  • 9 · Other employee benefits

    total $42,881 · program services $42,881

  • 10 · Payroll taxes

    total $12,078 · program services $12,078

  • 11a · Fees: management

    total $53,533 · management and general $53,533

  • 11b · Fees: legal

    total $9,877 · program services $9,877

  • 11c · Fees: accounting

    total $13,100 · management and general $13,100

  • 16 · Occupancy

    total $1,251,986 · program services $1,251,986

  • 22 · Depreciation, depletion and amortization

    total $267,230 · program services $267,230

  • 24a · Other expenses: FLOW-THROUGH LOSSES

    total $888,329 · program services $888,329

  • 24b · Other expenses: FINANCIAL EXP

    total $401,739 · program services $401,739

  • 24c · Other expenses: ADMINISTRATIVE

    total $78,368 · program services $78,368

  • 24d · Other expenses: MISC. TAXES, LICENSES,

    total $736 · program services $736

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $221,340 · end of year $26,369

  • 4 · Accounts receivable

    beginning of year $33,767 · end of year $22,749

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,277 · end of year $16,308

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

    $9,263,139

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

    $362,921

  • 10c · Land, buildings and equipment, net

    beginning of year $7,895,351 · end of year $8,900,218

  • 15 · Other assets

    beginning of year $1,939,825 · end of year $626,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $376,522 · end of year $453,625

  • 19 · Deferred revenue

    beginning of year $2,675 · end of year $1,243

  • 21 · Escrow or custodial account liability

    end of year $26,147

  • 23 · Secured mortgages and notes payable

    beginning of year $9,765,850 · end of year $15,170,031

  • 25 · Other liabilities

    beginning of year $1,396,343 · end of year $7,516,661

  • 27 · Net assets without donor restrictions

    beginning of year -$1,429,830 · end of year -$13,575,288

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS AND THEIR FAMILIES

  • TO OPERATE AN AFFORDABLE HOUSING COMMUNITY FOR LOW-INCOME INDIVIDUALS

    Expenses $8,413,033 · Grants $5,407,245 · Revenue $673,068

As filed on the 2022 return.

Listed in Part VII

  • GREGORY O'DELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN PARRECO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD TRAVIS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • GRAW MM LLC

    C · AFFORDABLE HOUSING · MD · 100% owned · share of income -$14,715 · share of assets $1,335,116 · controlled entity

    Directly controlled by MOUNT CARMEL HOUSING INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2025
IRS schema version
2022v5.0
Source object
202541359349311844

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