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← IMPROVED DWELLINGS FOR ALTOONA INC

Form 990 for tax year 2023

Filed by IMPROVED DWELLINGS FOR ALTOONA INC.

Totals

Total revenue
$1,068,714
Total expenses
$945,150
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$884,050
Investment income
$174,087
Other revenue
$10,577
Total assets, end of year
$5,256,458
Total liabilities, end of year
$403,335
Net assets or fund balances, end of year
$4,853,123
Program services expenses (Part IX)
$0
Management and general expenses
$945,150
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: MANAGEMENT FEE INCOME

    total $884,050 · related or exempt $884,050

  • 3 · Investment income

    total $174,087 · excluded $174,087

  • 11a · Other revenue: SERVICES & SUPPLIES IN

    total $6,301 · related or exempt $6,301

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $4,276 · related or exempt $4,276

  • 11e · Other revenue, total

    $10,577

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $400,061 · management and general $400,061

  • 9 · Other employee benefits

    total $87,881 · management and general $87,881

  • 10 · Payroll taxes

    total $30,996 · management and general $30,996

  • 11b · Fees: legal

    total $488 · management and general $488

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 11g · Fees: other

    total $5,358 · management and general $5,358

  • 12 · Advertising and promotion

    total $2,372 · management and general $2,372

  • 13 · Office expenses

    total $45,843 · management and general $45,843

  • 14 · Information technology

    total $11,877 · management and general $11,877

  • 16 · Occupancy

    total $8,189 · management and general $8,189

  • 19 · Conferences, conventions and meetings

    total $37,223 · management and general $37,223

  • 20 · Interest

    total $6,300 · management and general $6,300

  • 22 · Depreciation, depletion and amortization

    total $15,152 · management and general $15,152

  • 23 · Insurance

    total $6,119 · management and general $6,119

  • 24a · Other expenses: PROFIT SHARING EXPENSES

    total $256,069 · management and general $256,069

  • 24b · Other expenses: HUMAN SERVICES

    total $22,954 · management and general $22,954

  • 24c · Other expenses: MISCELLANEOUS

    total $2,268 · management and general $2,268

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $233,627 · end of year $224,079

  • 2 · Savings and temporary cash investments

    beginning of year $2,608,243 · end of year $3,225,239

  • 4 · Accounts receivable

    beginning of year $262,203 · end of year $290,389

  • 7 · Other notes and loans receivable

    beginning of year $23,539 · end of year $23,539

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,957 · end of year $14,210

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

    $217,304

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

    $184,844

  • 10c · Land, buildings and equipment, net

    beginning of year $38,763 · end of year $32,460

  • 15 · Other assets

    beginning of year $1,446,798 · end of year $1,446,542

  • 17 · Accounts payable and accrued expenses

    beginning of year $259,444 · end of year $313,415

  • 23 · Secured mortgages and notes payable

    beginning of year $89,920 · end of year $89,920

  • 27 · Net assets without donor restrictions

    beginning of year $4,276,766 · end of year $4,853,123

Mission and programs · 2023

Mission

TO PROVIDE ADMINISTRATIVE SERVICES TO LOW COST HOUSING ORGANIZATIONS

  • PROGRAM SERVICES ARE DESIGNED TO PROVIDE AND ADMINISTER THE OPERATION OF LOW INCOME HOUSING SERVICES.

    Revenue $894,627

As filed on the 2023 return.

Listed in Part VII

  • Rev Carla Gregory-Beckton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Don Clippinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rabbi Audrey R Korotkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Pamela Root-Baechle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Howard Ermin Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Dale Wills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Terri L Kodgis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • William H Lightner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rev Richard N Henry Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rev Eli A Hess

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Regina Geishauser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • John W Leap

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jean Bressler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rita Nagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • William L Neatrour Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Ray Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Denise Pattillo Reeder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Charles Mong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Alex J Seltzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rev Jeanne Jacobson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Irene Szynal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Claire J White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Linda McCall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Robert Gutshall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Joseph M Fernicola

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rev Larry Louder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lou Ann Donlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rev John L Emig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Rev Jaime G Olson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • William E Ritenour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Richard Rivell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Margaret McNitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Lee Oswalt

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25

  • Joseph G Keller

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • David L Diedrich

    SECOND VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • James F Kuhn

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • John A Palko

    ASST SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Kathryn A Rutter

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Rev Douglas R McGaffin

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Jane L Gable

    ASST TREASURER

    Total calculated
    $0
    Hours/week
    0.25

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.

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.

  • IDA TOWER

    RELATED · RENTAL REAL ESTATE · PA · 1% owned · general or managing partner

    Directly controlled by IMPROVED DWELLINGS FOR ALTOONA INC

Provenance

Return type
form_990
Tax year
2023
Filed
23 January 2025
IRS schema version
2023v6.0
Source object
202540379349300244

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