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Nonprofiteer
← URBAN SUBURBAN AFFORDABLES INC

Form 990 for tax year 2023

Filed by URBAN SUBURBAN AFFORDABLES INC.

Totals

Total revenue
$104,040
Total expenses
$109,490
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$104,040
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,444,128
Total liabilities, end of year
$413
Net assets or fund balances, end of year
$4,443,715
Program services expenses (Part IX)
$101,365
Management and general expenses
$8,125
Fundraising expenses
$0
Program service expenses (Part III)
$101,365

Program services were 92.6% 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: LAND LEASES

    total $104,040 · related or exempt $104,040

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,375 · management and general $1,375

  • 11c · Fees: accounting

    total $6,750 · management and general $6,750

  • 13 · Office expenses

    total $23,165 · program services $23,165

  • 23 · Insurance

    total $7,410 · program services $7,410

  • 24a · Other expenses: FINANCIAL PROGRAMS

    total $40,000 · program services $40,000

  • 24b · Other expenses: LEASED EMPLOYEES

    total $17,200 · program services $17,200

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $11,465 · program services $11,465

  • 24e · All other expenses

    total $2,125 · program services $2,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $69,969 · end of year $62,977

  • 4 · Accounts receivable

    beginning of year $1,333 · end of year $3,288

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

    $4,377,863

  • 10c · Land, buildings and equipment, net

    beginning of year $4,377,863 · end of year $4,377,863

  • 17 · Accounts payable and accrued expenses

    end of year $413

  • 27 · Net assets without donor restrictions

    beginning of year $81,502 · end of year $76,052

  • 28 · Net assets with donor restrictions

    beginning of year $4,367,663 · end of year $4,367,663

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING FOR MODERATE AND LOW INCOME FAMILIES IN THE HARTFORD AREA.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING FOR MODERATE INCOME FAMILIES IN THE HARTFORD AREA.

  • TO PROVIDE AFFORDABLE HOUSING AND TO SERVE AS A LAND TRUST IN THE GREATER HARTFORD AREA. PARCELS OF LAND ARE ACQUIRED AND LEASED TO ELIGIBLE FAMILIES UPON PURCHASING THE HOMES WHICH OCCUPY EACH RESPECTIVE PARCEL.

    Expenses $101,365 · Revenue $104,040

As filed on the 2023 return.

Listed in Part VII

  • Tyrone Walker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • George Merrick

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dave Roozen

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dave Linscinsky

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Mia Douglas

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sara Batchelder

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark Diters

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Martin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ilene Frank

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andriena Baldwin

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Peter Benner

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cori Mackey

    EXECUTIVE DIRECTOR

    Total calculated
    $151,588
    From this org
    $0
    From related orgs
    $121,500
    Other
    $30,088
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,760 related
    Nontaxable benefits
    $0 + $17,328 related
    Filer's total
    $0 + $151,588 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.

Provenance

Return type
form_990
Tax year
2023
Filed
24 April 2024
IRS schema version
2023v5.0
Source object
202441159349301534

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