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Nonprofiteer
← HOOSIER HOUSING GROUP INC

Form 990 for tax year 2023

Filed by HOOSIER HOUSING GROUP INC.

Totals

Total revenue
$1,885,936
Total expenses
$2,410,814
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,688,774
Investment income
$176,681
Other revenue
$20,481
Total assets, end of year
$30,311,598
Total liabilities, end of year
$13,742,374
Net assets or fund balances, end of year
$16,569,224
Program services expenses (Part IX)
$2,188,629
Management and general expenses
$222,185
Fundraising expenses
$0
Program service expenses (Part III)
$2,188,629

Program services were 90.8% 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: HOUSING DIVISION RENT

    total $1,688,501 · related or exempt $1,688,501

  • 2b · Program service revenue: REAL ESTATE DEVELOPMEN

    total $273 · related or exempt $273

  • 3 · Investment income

    total $176,681 · excluded $176,681

  • 11a · Other revenue: TENANT CHARGES

    total $15,280 · related or exempt $15,280

  • 11b · Other revenue: OTHER REVENUE

    total $5,617 · related or exempt $5,617

  • 11c · Other revenue: LAUNDRY AND VENDING RE

    total -$416 · related or exempt -$416

  • 11e · Other revenue, total

    $20,481

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $263,060 · program services $263,060

  • 9 · Other employee benefits

    total $36,071 · program services $36,071

  • 11a · Fees: management

    total $105,088 · management and general $105,088

  • 11b · Fees: legal

    total $30,706 · management and general $30,706

  • 11c · Fees: accounting

    total $86,391 · management and general $86,391

  • 13 · Office expenses

    total $29,755 · program services $29,755

  • 14 · Information technology

    total $9,143 · program services $9,143

  • 16 · Occupancy

    total $854,632 · program services $854,632

  • 17 · Travel

    total $5,233 · program services $5,233

  • 19 · Conferences, conventions and meetings

    total $1,422 · program services $1,422

  • 20 · Interest

    total $5,881 · program services $5,881

  • 22 · Depreciation, depletion and amortization

    total $795,121 · program services $795,121

  • 23 · Insurance

    total $164,836 · program services $164,836

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $23,475 · program services $23,475

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $324,900 · end of year $215,487

  • 2 · Savings and temporary cash investments

    beginning of year $4,031,975 · end of year $604,908

  • 4 · Accounts receivable

    beginning of year $59,144 · end of year $38,583

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,831 · end of year $24,611

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

    $6,433,991

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

    $1,744,524

  • 10c · Land, buildings and equipment, net

    beginning of year $4,841,244 · end of year $4,689,467

  • 14 · Intangible assets

    end of year $7,311,417

  • 15 · Other assets

    beginning of year $12,142,710 · end of year $17,427,125

  • 17 · Accounts payable and accrued expenses

    beginning of year $186,890 · end of year $203,672

  • 23 · Secured mortgages and notes payable

    beginning of year $4,727,315 · end of year $5,062,875

  • 25 · Other liabilities

    beginning of year $2,262,228 · end of year $8,475,827

  • 27 · Net assets without donor restrictions

    beginning of year $14,251,371 · end of year $16,569,224

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING OPTIONS TO THE ELDERLY AND LOW INCOME FAMILIES. IT OWNS AND OPERATES HOUSING FOR ELDERLY, POOR, DISTRESSED, UNDER PRIVILEGED, AND DISABLED PERSONS.

  • PROVIDE AFFORDABLE HOUSING OPTIONS TO THE ELDERLY AND LOW INCOME FAMILIES.

    Expenses $2,188,629 · Revenue $1,709,255

As filed on the 2023 return.

Listed in Part VII

  • Douglass Smith

    DIRECTOR/PRESIDENT

    Total calculated
    $537,232
    From this org
    $0
    From related orgs
    $501,023
    Other
    $36,209
    Hours/week
    5.1 + 34.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $501,023 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $23,009 related
    Filer's total
    $0 + $537,232 related

  • Jim Ridenour

    DIRECTOR/CHAIRMAN

    Total calculated
    $143,500
    From this org
    $0
    From related orgs
    $143,500
    Other
    $0
    Hours/week
    1.1 + 10.9 related

  • Jo Ann Corbitt

    DIRECTOR

    Total calculated
    $92,650
    From this org
    $0
    From related orgs
    $92,650
    Other
    $0
    Hours/week
    1.1 + 5.9 related

  • John G Foos

    DIRECTOR

    Total calculated
    $81,000
    From this org
    $0
    From related orgs
    $81,000
    Other
    $0
    Hours/week
    1.1 + 5.9 related

  • Stephen F Wood Jr

    DIRECTOR

    Total calculated
    $78,500
    From this org
    $0
    From related orgs
    $78,500
    Other
    $0
    Hours/week
    1.1 + 5.9 related

  • Laura Hawken

    DIRECTOR

    Total calculated
    $67,250
    From this org
    $0
    From related orgs
    $67,250
    Other
    $0
    Hours/week
    1.1 + 5.9 related

  • Chris Hodges

    DIRECTOR

    Total calculated
    $60,000
    From this org
    $0
    From related orgs
    $60,000
    Other
    $0
    Hours/week
    2.3 + 4.7 related

  • Andrea Barach

    VP AND CORPORATE SECRETARY

    Total calculated
    $311,096
    From this org
    $0
    From related orgs
    $288,175
    Other
    $22,921
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $288,175 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,317 related
    Nontaxable benefits
    $0 + $11,604 related
    Filer's total
    $0 + $311,096 related

  • Christopher Louder

    VP FINANCE

    Total calculated
    $248,144
    From this org
    $0
    From related orgs
    $210,918
    Other
    $37,226
    Hours/week
    2.6 + 37.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,918 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,050 related
    Nontaxable benefits
    $0 + $28,176 related
    Filer's total
    $0 + $248,144 related

  • Stephen F Wood Sr

    FORMER DIRECTOR

    Total calculated
    $52,500
    From this org
    $0
    From related orgs
    $52,500
    Other
    $0
    Hours/week
    0 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $52,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $52,500 related

  • John E Gillmor

    FORMER DIRECTOR

    Total calculated
    $28,800
    From this org
    $0
    From related orgs
    $28,800
    Other
    $0
    Hours/week
    0 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $28,800 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $28,800 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Disregarded entities

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

  • CASPIAN HILLS COMMUNITY HOUSING GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · assets -$73,017

    Directly controlled by HOOSIER HOUSING GROUP INC

  • CLEVELAND SUMMIT GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · assets -$131

    Directly controlled by HOOSIER HOUSING GROUP INC

  • FLENNIKEN SQUARE HOUSING LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $425,782 · assets $1,354,593

    Directly controlled by HOOSIER HOUSING GROUP INC

  • HOOSIER HOUSING INVESTMENTS LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $18,875 · assets $4,935,537

    Directly controlled by HOOSIER HOUSING GROUP INC

  • KENSINGTON TOWNHOMES LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $127,677 · assets $558,773

    Directly controlled by HOOSIER HOUSING GROUP INC

  • LEBANON ROAD SENIOR LIVING GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $35,822 · assets $87,550

    Directly controlled by HOOSIER HOUSING GROUP INC

  • SOUTH RIDGE HOUSING LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $585,110 · assets $2,533,685

    Directly controlled by HOOSIER HOUSING GROUP INC

  • DUBLIN GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · income $571,688 · assets $883,856

    Directly controlled by HOOSIER HOUSING GROUP INC

  • MARSHALL GARDENS GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN

    Directly controlled by HOOSIER HOUSING GROUP INC

  • JEFFERY MEADOWS GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN

    Directly controlled by HOOSIER HOUSING GROUP INC

  • EMERALD DEVELOPMENT PARTNERS LLC

    DEVELOPMENT · TN · income $22,937 · assets $1,085,015

    Directly controlled by HOOSIER HOUSING GROUP INC

  • EMERALD DEVELOPMENT PARTNERS II LLC

    DEVELOPMENT · TN · assets $3,392,357

    Directly controlled by HOOSIER HOUSING GROUP INC

  • DANDRIDGE GP LLC

    HOUSING FOR LOW-INCOME AND ELDERLY PERSONS · TN · assets -$2,218,731

    Directly controlled by HOOSIER HOUSING GROUP INC

Related corporations and trusts

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

  • GATE MANOR HOUSING GP LLC

    C · AFFORDABLE HOUSING PROJECTS · TN

  • KNOXVILLE HOUSING PORTFOLIO GP LLC

    C · AFFORDABLE HOUSING PROJECTS · TN

  • JACKSON HOUSING PORTFOLIO GP LLC

    C · AFFORDABLE HOUSING PROJECTS · TN

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202413189349308181

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