Totals
- Total revenue
- $243,862
- Total expenses
- $101,240
- Contributions and grants received
- $196,302
- Grants paid
- $0
- Program service revenue
- $47,560
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,366,100
- Total liabilities, end of year
- $1,033,600
- Net assets or fund balances, end of year
- $332,500
- Program services expenses (Part IX)
- $78,228
- Management and general expenses
- $21,467
- Fundraising expenses
- $1,545
- Program service expenses (Part III)
- $78,228
Program services were 77.3% 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.
-
1f · All other contributions, gifts and grants
$196,302
-
2a · Program service revenue: Tenant Rents and Fees
total $47,560 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $25,057 · program services $12,529 · management and general $12,528 · fundraising $0
-
6 · Compensation of disqualified persons
total $1,916 · program services $958 · management and general $958 · fundraising $0
-
11c · Fees: accounting
total $1,603 · program services $0 · management and general $1,603 · fundraising $0
-
11g · Fees: other
total $700 · program services $0 · management and general $700 · fundraising $0
-
12 · Advertising and promotion
total $1,545 · program services $0 · management and general $0 · fundraising $1,545
-
13 · Office expenses
total $1,784 · program services $0 · management and general $1,784 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $18,242 · program services $18,242 · management and general $0 · fundraising $0
-
23 · Insurance
total $497 · program services $0 · management and general $497 · fundraising $0
-
24a · Other expenses: Program Direct Expenses
total $46,499 · program services $46,499 · management and general $0 · fundraising $0
-
24b · Other expenses: Administrative Expenses
total $3,397 · program services $0 · management and general $3,397 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $18,294 · end of year $228,729
-
4 · Accounts receivable
beginning of year $6,508
-
10a · Land, buildings and equipment: cost or other basis
$624,873
-
10b · Land, buildings and equipment: accumulated depreciation
$27,305
-
10c · Land, buildings and equipment, net
beginning of year $379,526 · end of year $597,568
-
15 · Other assets
end of year $539,803
-
17 · Accounts payable and accrued expenses
end of year $876
-
23 · Secured mortgages and notes payable
end of year $826,539
-
24 · Unsecured notes and loans payable
beginning of year $119,450 · end of year $144,500
-
25 · Other liabilities
beginning of year $95,000 · end of year $61,685
-
27 · Net assets without donor restrictions
beginning of year $189,878 · end of year $332,500
Mission and programs · 2022
Mission
SITOs mission is to strengthen people and neighborhoods by efficiently revitalizing and then compassionately managing dignified rental housing for low-income residents. We seek to meet the housing needs of the city's current residents where they are and to conserve sound housing where it exists.
-
Completed the rehab of a 4-family building and a 2-family building. All six apartments are rented to families with incomes below 50% of the area median income. One of the families in the 4-familiy building is a Afghan refugee family. Became a 50% owner of a 17-unit apartment complex and took responsibility for the rehab and management of the building. Started the rehab of three of the apartments which would become permanent supportive housing for veterans recovering from homelessness.
Expenses $78,228 · Grants $76 · Revenue $47,560
As filed on the 2022 return.
Listed in Part VII
-
James Roos
Founding Director
- Total calculated
- $0
- Hours/week
- 15
-
Jeff Buck
Executive Director
- Total calculated
- $21,932
- From this org
- $21,932
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Teresa Mithen Danieley
President
- Total calculated
- $0
- Hours/week
- 2
-
Anthony D'Agostino
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Lucas Delort
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Christina Syberg
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Irvin Hamilton
Director
- Total calculated
- $0
- Hours/week
- 2
-
Thom Yates
Director
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 16 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313149349302466
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