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Nonprofiteer
← RISING TIDE PARTNERS

Form 990 for tax year 2022

Filed by RISING TIDE PARTNERS.

Totals

Total revenue
$3,396,558
Total expenses
$1,266,561
Contributions and grants received
$3,390,100
Grants paid
$0
Program service revenue
$3,716
Investment income
$7,616
Other revenue
-$4,874
Total assets, end of year
$12,232,173
Total liabilities, end of year
$9,494,554
Net assets or fund balances, end of year
$2,737,619
Program services expenses (Part IX)
$1,103,995
Management and general expenses
$160,941
Fundraising expenses
$1,625
Program service expenses (Part III)
$1,103,995

Program services were 87.2% 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.

  • 1f · All other contributions, gifts and grants

    $3,390,100

  • 2a · Program service revenue: Fee Income

    total $3,716 · related or exempt $3,716

  • 3 · Investment income

    total $7,616 · related or exempt $7,616

  • 6a · Gross rents

    real property $486,854

  • 6b · Less rental expenses

    real property $491,728

  • 6c · Rental income or loss

    real property -$4,874

  • 6d · Net rental income or loss

    total -$4,874 · related or exempt -$4,874

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $90,000 · program services $72,000 · management and general $18,000

  • 7 · Other salaries and wages

    total $304,807 · program services $274,326 · management and general $30,481

  • 9 · Other employee benefits

    total $57,092 · program services $54,238 · management and general $2,854

  • 10 · Payroll taxes

    total $38,190 · program services $34,371 · management and general $3,819

  • 11b · Fees: legal

    total $17,211 · program services $12,048 · management and general $5,163

  • 11c · Fees: accounting

    total $20,916 · program services $14,641 · management and general $6,275

  • 11g · Fees: other

    total $167,603 · program services $116,185 · management and general $49,793 · fundraising $1,625

  • 13 · Office expenses

    total $15,158 · program services $3,032 · management and general $12,126

  • 16 · Occupancy

    total $20,251 · management and general $20,251

  • 17 · Travel

    total $9,546 · program services $9,546

  • 22 · Depreciation, depletion and amortization

    total $92,719 · program services $83,446 · management and general $9,273

  • 23 · Insurance

    total $1,834 · program services $1,651 · management and general $183

  • 24a · Other expenses: Miscellaneous

    total $13,612 · program services $10,889 · management and general $2,723

  • 24b · Other expenses: Staff Development

    total $1,653 · program services $1,653

  • 24c · Other expenses: Project Expenses

    total $415,969 · program services $415,969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $160,057 · end of year $2,220,347

  • 4 · Accounts receivable

    beginning of year $252,000 · end of year $156,188

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

    $6,342,563

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

    $102,656

  • 10c · Land, buildings and equipment, net

    beginning of year $2,570,022 · end of year $6,239,907

  • 15 · Other assets

    beginning of year $1,174,892 · end of year $3,615,731

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,873 · end of year $70,179

  • 24 · Unsecured notes and loans payable

    beginning of year $3,481,121 · end of year $9,382,077

  • 25 · Other liabilities

    beginning of year $18,355 · end of year $42,298

  • 27 · Net assets without donor restrictions

    beginning of year $506,603 · end of year $2,555,569

  • 28 · Net assets with donor restrictions

    beginning of year $101,019 · end of year $182,050

Mission and programs · 2022

Mission

Rising Tide Partners advances the revitalization of distressed neighborhoods in the Pittsburgh region by preserving and improving affordable housing, preventing the displacement of existing residents and addressing blighted properties.

  • Rising Tide Partners collaborates with neighborhood organizations and residents to implement their community vision by employing restorative real estate practices, laying the groundwork for wealth building and stability of residents who have suffered from systemic injustices in land use decisions.

    Expenses $1,103,995

As filed on the 2022 return.

Listed in Part VII

  • Kendall Pelling

    Executive Director

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Michael Godwin

    Member

    Total calculated
    $0
    Hours/week
    1

  • Sarah Dieleman Perry

    Member

    Total calculated
    $0
    Hours/week
    1

  • Thoman Yargo

    Member

    Total calculated
    $0
    Hours/week
    1

  • Maelene Myers

    Member

    Total calculated
    $0
    Hours/week
    1

  • Ray Baum

    Member

    Total calculated
    $0
    Hours/week
    1

  • Tammy Thompson

    President

    Total calculated
    $0
    Hours/week
    2

  • Irene Mcglaughlin Clark

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • William Krahe

    Secretary

    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

No itemized grants to organizations 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.

  • RTH Investments LLC

    Perserving Afforable Housing in Hazelwood · PA · income $232,819 · assets $5,970,195

    Directly controlled by Rising Tide Partners

  • PRF100 LLC

    Perserving Afforable Housing in Perry Hilltop · PA · income -$745 · assets $851,149

    Directly controlled by Rising Tide Partners

  • Garfield Housing Reclamation LLC

    Perserving Afforable Housing in Garfield · PA · income -$13,501 · assets $1,792

    Directly controlled by Rising Tide Partners

  • RT Homewood

    Perserving Afforable Housing in Homewood · PA · income -$300 · assets $79,715

    Directly controlled by Rising Tide Partners

  • RT Wilkinsburg

    Perserving Afforable Housing in Wilksburg · PA · income $7,204 · assets $466,226

    Directly controlled by Rising Tide Partners

  • RT East Hills

    Perserving Afforable Housing in East Hills · PA · income $288,688 · assets $2,125,746

    Directly controlled by Rising Tide Partners

  • One Northside Homes

    Perserving Afforable Housing in North Side · PA · income $12,049 · assets $1,514,803

    Directly controlled by Rising Tide Partners

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2023
IRS schema version
2022v5.0
Source object
202333129349304923

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