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Nonprofiteer
← WALNUT AFFORDABLE HOUSING INC

Form 990 for tax year 2024

Filed by WALNUT AFFORDABLE HOUSING INC.

Totals

Total revenue
$66,667
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$66,667
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,333,334
Total liabilities, end of year
$2,320
Net assets or fund balances, end of year
$1,331,014
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: RENT REVENUE

    total $66,667 · related or exempt $66,667

Balance sheet

Part X, book values.

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

    $1,000,000

  • 10c · Land, buildings and equipment, net

    beginning of year $1,000,000 · end of year $1,000,000

  • 15 · Other assets

    beginning of year $266,667 · end of year $333,334

  • 17 · Accounts payable and accrued expenses

    beginning of year $400 · end of year $400

  • 25 · Other liabilities

    beginning of year $1,920 · end of year $1,920

  • 27 · Net assets without donor restrictions

    beginning of year $1,264,347 · end of year $1,331,014

Mission and programs · 2024

Mission

TO PROVIDE FOR THE ACQUISITION, DEVELOPMENT, OWNERSHIP, AND OPERATION OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.

  • ASSIST IN PROVISION OF 284 UNITS OF LOW INCOME HOUSING.

    Revenue $66,667

As filed on the 2024 return.

Listed in Part VII

  • JOSEPH P WIEDORFER

    BOARD MEMBER / VICE PRESID

    Total calculated
    $272,628
    From this org
    $0
    From related orgs
    $248,998
    Other
    $23,630
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $103,498 related
    Bonus
    $0 + $115,000 related
    Other
    $0 + $30,500 related
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $21,630 related
    Filer's total
    $0 + $272,628 related

  • RICHARD F BURNS

    BOARD MEMBER / PRESIDENT

    Total calculated
    $760,054
    From this org
    $0
    From related orgs
    $741,061
    Other
    $18,993
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,061 related
    Bonus
    $0 + $225,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,993 related
    Filer's total
    $0 + $760,054 related

  • THALIA B LANKIN

    BOARD MEMBER / SECRETARY

    Total calculated
    $165,393
    From this org
    $0
    From related orgs
    $142,877
    Other
    $22,516
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,338 related
    Bonus
    $0
    Other
    $0 + $14,539 related
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $20,516 related
    Filer's total
    $0 + $165,393 related

  • ALLA A ELEON

    TREASURER

    Total calculated
    $310,515
    From this org
    $0
    From related orgs
    $282,955
    Other
    $27,560
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,455 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $30,500 related
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $25,560 related
    Filer's total
    $0 + $310,515 related

  • CARLOS A GONZALES

    VICE PRESIDENT

    Total calculated
    $376,822
    From this org
    $0
    From related orgs
    $356,928
    Other
    $19,894
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,301 related
    Bonus
    $0 + $115,000 related
    Other
    $0 + $3,627 related
    Deferred
    $0 + $477 related
    Nontaxable benefits
    $0 + $19,417 related
    Filer's total
    $0 + $376,822 related

  • ERIC W PRICE

    VICE PRESIDENT

    Total calculated
    $512,500
    From this org
    $0
    From related orgs
    $512,500
    Other
    $0
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,500 related
    Bonus
    $0 + $175,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $512,500 related

  • STEPHEN M GREEN

    VICE PRESIDENT

    Total calculated
    $517,569
    From this org
    $0
    From related orgs
    $477,583
    Other
    $39,986
    Hours/week
    1 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $272,083 related
    Bonus
    $0 + $175,000 related
    Other
    $0 + $30,500 related
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $37,986 related
    Filer's total
    $0 + $517,569 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

The filer's explanations (Part III)

PART I, LINE 3
THE CEO COMPENSATION IS DETERMINED AT BY RELATED ENTITY NHP FOUNDATION BY THE FOLLOWING METHOD: THE COMPENSATION COMMITTEE REVIEWS AND THE FULL BOARD APPROVES PRESIDENT/CEO AND SENIOR MANAGEMENT COMPENSATION AND BONUS ARRANGEMENTS. A WRITTEN RECORD OF COMMITTEE ACTIONS IS MAINTAINED.

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202503159349302330

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