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← ATHENS HOMELESS PROPERTYCORPORATION

Form 990 for tax year 2024

Filed by ATHENS HOMELESS PROPERTYCORPORATION.

Totals

Total revenue
$781,982
Total expenses
$7,623,455
Contributions and grants received
$0
Grants paid
$7,427,365
Program service revenue
$0
Investment income
$781,982
Other revenue
$0
Total assets, end of year
$25,262
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$25,262
Program services expenses (Part IX)
$7,586,682
Management and general expenses
$36,773
Fundraising expenses
$0
Program service expenses (Part III)
$7,586,682

Program services were 99.5% 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.

  • 3 · Investment income

    total $39,675 · excluded $39,675

  • 7a · Gross sales of assets other than inventory

    securities $3,203,923

  • 7b · Less cost or other basis and sales expenses

    securities $2,461,616

  • 7c · Gain or loss

    securities $742,307

  • 7d · Net gain or loss

    total $742,307 · excluded $742,307

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,427,365 · program services $7,427,365

  • 11b · Fees: legal

    total $3,069 · management and general $3,069

  • 11f · Fees: investment management

    total $10,580 · management and general $10,580

  • 22 · Depreciation, depletion and amortization

    total $159,317 · program services $159,317

  • 24a · Other expenses: LEGAL AND ACCOUNTING FEES

    total $14,356 · management and general $14,356

  • 24b · Other expenses: TITLE INSURANCE

    total $4,860 · management and general $4,860

  • 24c · Other expenses: LIABILITY INSURANCE

    total $3,369 · management and general $3,369

  • 24d · Other expenses: FOREIGN TAXES PAID

    total $269 · management and general $269

  • 24e · All other expenses

    total $270 · management and general $270

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8 · end of year $10

  • 2 · Savings and temporary cash investments

    beginning of year $518,657 · end of year $20,363

  • 10c · Land, buildings and equipment, net

    beginning of year $4,769,085

  • 11 · Investments: publicly traded securities

    beginning of year $2,489,886

  • 15 · Other assets

    beginning of year $4,155 · end of year $4,889

  • 27 · Net assets without donor restrictions

    beginning of year $5,561,904 · end of year $25,262

  • 28 · Net assets with donor restrictions

    beginning of year $2,219,887

Mission and programs · 2024

Mission

AHPC WAS FORMED TO ACQUIRE PROPERTY AND MAKE IT AVAILABLE EXCLUSIVELY TO 501(C)3 ORGANIZATIONS ASSISTING IN THE PLIGHT OF THE HOMELESS IN THE ATHENS, GA AREA. THE HOMELESS PROVIDERS WILL INCLUDE LOCAL SHELTERS, FOOD BANKS, AND HEALTH CLINICS. AHPC WILL FURTHER ITS EXEMPT PURPOSE BY CONSTRUCTING AND RETAINING FUNDS TO ACQUIRE, CONSTRUCT OR OPERATE FACILITIES FOR ORGANIZATIONS ASSISTING THE HOMELESS.

  • PROVIDE PROGRAMMING THAT REVOLVES AROUND THE ACQUISITION, CONSTRUCTION, AND OPERATION OF FACILITIES AND FUNDS TO ORGANIZATIONS THAT QUALIFY UNDER IRC SECTION 501(C)(3) AND THAT ASSIST THE HOMELESS. IN 2016, CONSTRUCTION WAS COMPLETED, AND THE ORGANIZATION NOW LEASES THE ATHENS RESOURCE CENTER AND VILLAGE RENT FREE TO A 501(C)(3)ORGANIZATION ASSISTING IN THE PLIGHT OF THE HOMELESS IN THE ATHENS, GA AREA. IN 2024, ATHENS HOMELESS PROPERTY CORPORATION TRANSFERRED ALL REAL ESTATE OWNED TO THE ATHENS RESOURCE CENTER FOR THE HOMELESS. ATHENS HOMELESS PROPERTY CORPORATION ALSO ESTABLISHED A DESIGNATED FUND FOR THE BENEFIT OF ATHENS RESOURCE CENTER FOR THE HOMELESS AT THE ATHENS AREA COMMUNITY FOUNDATION.

    Expenses $7,586,682 · Grants $7,427,365

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Bachman

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • Paige Cummings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Gillis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Orbock

    PRESIDENT

    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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.0
Source object
202533219349301868

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