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Nonprofiteer
← ARBOR HILL DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by ARBOR HILL DEVELOPMENT CORPORATION.

Totals

Total revenue
$330,152
Total expenses
$385,851
Contributions and grants received
$283,707
Grants paid
$0
Program service revenue
$55,822
Investment income
-$9,377
Other revenue
$0
Total assets, end of year
$590,631
Total liabilities, end of year
$186,598
Net assets or fund balances, end of year
$404,033
Program services expenses (Part IX)
$294,019
Management and general expenses
$89,627
Fundraising expenses
$2,205
Program service expenses (Part III)
$294,019

Program services were 76.2% 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.

  • 1e · Government grants (contributions)

    $263,131

  • 1f · All other contributions, gifts and grants

    $20,576

  • 2a · Program service revenue: AFFORDABLE HOUSING PROGRAM

    total $55,822 · related or exempt $55,822

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

    other assets $9,377

  • 7c · Gain or loss

    other assets -$9,377

  • 7d · Net gain or loss

    total -$9,377 · related or exempt -$9,377

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $45,006 · program services $30,793 · management and general $13,785 · fundraising $428

  • 7 · Other salaries and wages

    total $140,920 · program services $96,416 · management and general $43,171 · fundraising $1,333

  • 9 · Other employee benefits

    total $20,185 · program services $13,811 · management and general $6,182 · fundraising $192

  • 10 · Payroll taxes

    total $21,847 · program services $14,948 · management and general $6,692 · fundraising $207

  • 11c · Fees: accounting

    total $12,713 · program services $11,713 · management and general $1,000

  • 11g · Fees: other

    total $2,631 · program services $1,237 · management and general $1,394

  • 13 · Office expenses

    total $3,801 · program services $3,174 · management and general $610 · fundraising $17

  • 16 · Occupancy

    total $14,164 · program services $13,830 · management and general $334

  • 17 · Travel

    total $349 · program services $349

  • 20 · Interest

    total $6,082 · program services $5,161 · management and general $921

  • 22 · Depreciation, depletion and amortization

    total $9,059 · program services $4,958 · management and general $4,101

  • 23 · Insurance

    total $13,242 · program services $11,650 · management and general $1,592

  • 24a · Other expenses: MAINTENANCE AND REPAIRS

    total $46,706 · program services $39,320 · management and general $7,386

  • 24b · Other expenses: BUILDING & REHAB CONTRACT

    total $40,308 · program services $40,308

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $4,518 · program services $4,518

  • 24d · Other expenses: TELEPHONE & COMMUNICATION

    total $2,779 · program services $1,833 · management and general $918 · fundraising $28

  • 24e · All other expenses

    total $1,541 · management and general $1,541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $207,326 · end of year $69,730

  • 3 · Pledges and grants receivable

    beginning of year $432,960 · end of year $441,400

  • 4 · Accounts receivable

    beginning of year $311 · end of year $298

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,279 · end of year $2,337

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

    $698,740

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

    $621,874

  • 10c · Land, buildings and equipment, net

    beginning of year $86,441 · end of year $76,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,190 · end of year $42,599

  • 19 · Deferred revenue

    beginning of year $8,425 · end of year $8,119

  • 23 · Secured mortgages and notes payable

    beginning of year $221,389 · end of year $130,786

  • 25 · Other liabilities

    beginning of year $3,581 · end of year $5,094

  • 27 · Net assets without donor restrictions

    beginning of year -$94,971 · end of year -$16,273

  • 28 · Net assets with donor restrictions

    beginning of year $554,703 · end of year $420,306

Mission and programs · 2023

Mission

THE ENTITY IS DEDICATED TO PROVIDING NEIGHBORHOOD ASSISTANCE INCLUDING AFFORDABLE HOMEOWNERSHIP, APARTMENT HOUSING, RESTORATION AND REVITALIZATION OF HOUSING, WORKFORCE DEVELOPMENT AND IMPROVING THE AREA'S QUALITY OF LIFE.

  • AFFORDABLE RENTAL HOUSING PROGRAM - FIRST STREET

    Expenses $52,420 · Revenue $55,752

  • AFFORDABLE HOUSING PROGRAM, RENOVATIONS AND ASSISTANCE, AND WORKFORCE DEVELOPMENT AND COMMUNITY RENEWAL.

    Expenses $241,599 · Revenue $70

As filed on the 2023 return.

Listed in Part VII

  • Arlene Way

    EXECUTIVE DI

    Total calculated
    $45,006
    From this org
    $45,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Elbert Watson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Andre Lake

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Arthur Lumpkin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Innocent Ake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alene Sherman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Irving Brady

    DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202500289349300540

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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