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Nonprofiteer
← ASCEND STL INC

Form 990 for tax year 2023

Filed by ASCEND STL INC.

Totals

Total revenue
$417,751
Total expenses
$1,210,951
Contributions and grants received
$390,000
Grants paid
$0
Program service revenue
$0
Investment income
$27,751
Other revenue
$0
Total assets, end of year
$17,749,638
Total liabilities, end of year
$31
Net assets or fund balances, end of year
$17,749,607
Program services expenses (Part IX)
$1,125,442
Management and general expenses
$85,509
Fundraising expenses
$0
Program service expenses (Part III)
$1,125,442

Program services were 92.9% 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

    $390,000

  • 3 · Investment income

    total $27,751 · excluded $27,751

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $561,864 · program services $549,113 · management and general $12,751

  • 22 · Depreciation, depletion and amortization

    total $575,721 · program services $575,721

  • 23 · Insurance

    total $608 · program services $608

  • 24a · Other expenses: SUBSIDY EXPENSES

    total $72,714 · management and general $72,714

  • 24b · Other expenses: OTHER EXPENSES

    total $44 · management and general $44

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $195,398 · end of year $22,971

  • 2 · Savings and temporary cash investments

    beginning of year $597,556 · end of year $552,581

  • 7 · Other notes and loans receivable

    beginning of year $14,665,313 · end of year $14,089,592

  • 9 · Prepaid expenses and deferred charges

    beginning of year $514 · end of year $468

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

    $3,084,026

  • 10c · Land, buildings and equipment, net

    beginning of year $3,084,026 · end of year $3,084,026

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $31

  • 27 · Net assets without donor restrictions

    beginning of year $18,542,807 · end of year $17,749,607

Mission and programs · 2023

Mission

TO PROVIDE LOW-INCOME HOUSING.

Activities or mission (Part I)

LOW INCOME HOUSING.

  • PROVIDE HOUSING AND HOUSING ASSISTANCE TO LOW INCOME FAMILIES WHO QUALIFY UNDER SECTION 7 OF THE U.S. HOUSING ACT. PARTICIPATING IN TRANSACTIONS WITH THE ST. LOUIS HOUSING AUTHORITY, THE CORPORATION IS INVOLVED IN SUPPORTING UNITS THAT WILL BE OPERATED AND MAINTAINED AS QUALIFIED LOW-INCOME UNITS. SOME OF THESE UNITS ARE UNDER SECTION 42 OF THE INTERNAL REVENUE CODE AND OTHERS WILL BE OPERATED AND MAINTAINED AS PUBLIC HOUSING UNITS FOR ELIGIBLE LOW-INCOME FAMILIES.

    Expenses $576,329

  • THE MOBILITY CONNECTION PROGRAM IS A FREE SERVICE THAT WORKS WITH THE HOUSING AUTHORITIES IN ST. LOUIS CITY AND COUNTY TO HELP FAMILIES WITH HOUSING CHOICE VOUCHERS MOVE TO HIGH OPPORTUNITY AREAS.WE WORK WITH CLIENTS TO DISCUSS THEIR FAMILY'S HOUSING AND COMMUNITY NEEDS AND CREATE A FAMILY PLAN SO THE FAMILY CAN TRANSITION INTO A NEW AREA. AFTER FAMILIES HAVE MOVED, WE CONTINUE TO OFFER SUPPORT TO FAMILIES THROUGH REGULAR CHECK-INS.

    Expenses $549,113

As filed on the 2023 return.

Listed in Part VII

  • Samuel Coleman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brian Davies

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vontriece McDowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Latasha Barnes

    TREASURER/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.

Provenance

Return type
form_990
Tax year
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202500679349300210

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