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Nonprofiteer
← B B HOMES INC

Form 990 for tax year 2023

Filed by B B HOMES INC.

Totals

Total revenue
$58,434
Total expenses
$74,554
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$58,248
Investment income
$186
Other revenue
$0
Total assets, end of year
$933,539
Total liabilities, end of year
$1,178,747
Net assets or fund balances, end of year
-$245,208
Program services expenses (Part IX)
$59,438
Management and general expenses
$15,116
Fundraising expenses
$0
Program service expenses (Part III)
$59,438

Program services were 79.7% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $29,420 · related or exempt $29,420

  • 2b · Program service revenue: RENTAL ASSISTANCE PAYM

    total $28,828 · related or exempt $28,828

  • 3 · Investment income

    total $186 · excluded $186

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,494 · program services $4,494

  • 9 · Other employee benefits

    total $355 · program services $355

  • 10 · Payroll taxes

    total $760 · program services $760

  • 11a · Fees: management

    total $5,552 · management and general $5,552

  • 11b · Fees: legal

    total $7 · program services $7

  • 11c · Fees: accounting

    total $9,564 · management and general $9,564

  • 11g · Fees: other

    total $3,192 · program services $3,192

  • 13 · Office expenses

    total $3,584 · program services $3,584

  • 16 · Occupancy

    total $22,329 · program services $22,329

  • 20 · Interest

    total $55 · program services $55

  • 22 · Depreciation, depletion and amortization

    total $23,490 · program services $23,490

  • 24a · Other expenses: HOMEOWNERS ASSOCIATION

    total $565 · program services $565

  • 24b · Other expenses: MISC. FINANCIAL EXPENSE

    total $395 · program services $395

  • 24c · Other expenses: OTHER TAXES AND INSURAN

    total $212 · program services $212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,748 · end of year $7,910

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,909 · end of year $1,842

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

    $1,220,770

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

    $329,259

  • 10c · Land, buildings and equipment, net

    beginning of year $915,001 · end of year $891,511

  • 15 · Other assets

    beginning of year $38,159 · end of year $32,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,595 · end of year $6,476

  • 19 · Deferred revenue

    beginning of year $2,421 · end of year $2,577

  • 21 · Escrow or custodial account liability

    beginning of year $2,077 · end of year $2,132

  • 23 · Secured mortgages and notes payable

    beginning of year $1,167,562 · end of year $1,167,562

  • 25 · Other liabilities

    beginning of year $10,250 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$229,088 · end of year -$245,208

Mission and programs · 2023

Mission

DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING FOR VERY LOW-INCOME ADULTS DISABLED BY PSYCHIATRIC OR DEVELOPMENTAL DISABILITIES.

Activities or mission (Part I)

DEVELOPMENT AND MANAGEMENT OF AFFORDABLE HOUSING FOR VERY LOW-INCOME ADULTS DISABLED BY PSYCHIATRIC OR DEVELOPMENT DISABILITIES.

  • THE ORGANIZATION OWNS AND OPERATES 6 ASSISTED HOUSING UNITS FOR MENTALLY CHALLENGED AND DEVELOPMENTALLY DISABLED PERSONS.

    Expenses $59,438 · Revenue $58,248

As filed on the 2023 return.

Listed in Part VII

  • Sandra Corbin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Pamela Pinkett

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Shaun Eddy

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Derward Brooks

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Jan Baranczak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • John Blake

    BOARD MEMBER UNTIL 6/23

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Mike Callison

    BOARD MEMBER UNTIL 7/23

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Aureen Dulla

    BOARD MEMBER UNTIL 7/23

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Patrick Lloyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Edward Plitt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 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.

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.

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.

Related partnerships

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

  • SHALOM HERITAGE LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · MD

Related corporations and trusts

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

  • SHALOM HERITAGE DEVELOPMENT LLC

    C · INVESTMENT · MD

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202443109349301324

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