Form 990 for tax year 2022
Filed by JOSEPH J YANCY JR HOUSING DEVELOPMENT FUND COMPANY INC.
Totals
- Total revenue
- $1,239,486
- Total expenses
- $1,184,374
- Contributions and grants received
- $1,029,542
- Grants paid
- $0
- Program service revenue
- $209,944
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,693,975
- Total liabilities, end of year
- $6,353,947
- Net assets or fund balances, end of year
- -$2,659,972
- Program services expenses (Part IX)
- $1,015,045
- Management and general expenses
- $169,329
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,015,045
Program services were 85.7% 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)
$1,029,542
-
2a · Program service revenue: Laundry Income
total $2,400
-
2b · Program service revenue: Tenants Rent
total $207,544
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $152,992 · program services $85,005 · management and general $67,987
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $32,479 · program services $18,050 · management and general $14,429
-
10 · Payroll taxes
total $11,111 · program services $6,174 · management and general $4,937
-
11a · Fees: management
total $97,864 · program services $54,315 · management and general $43,549
-
11b · Fees: legal
total $159 · management and general $159
-
11c · Fees: accounting
total $11,032 · management and general $11,032
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $17,393 · management and general $17,393
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $131,021 · program services $131,021
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $166,463 · program services $163,134 · management and general $3,329
-
23 · Insurance
total $111,733 · program services $109,498 · management and general $2,235
-
24a · Other expenses: Maintenance Contracts
total $188,106 · program services $188,106
-
24b · Other expenses: Maintenance and Repairs
total $50,054 · program services $50,054
-
24c · Other expenses: Real Estate Tax
total $213,967 · program services $209,688 · management and general $4,279
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,076 · end of year $168,487
-
4 · Accounts receivable
beginning of year $67,422 · end of year $26,650
-
9 · Prepaid expenses and deferred charges
beginning of year $175,916 · end of year $175,916
-
10a · Land, buildings and equipment: cost or other basis
$6,541,719
-
10b · Land, buildings and equipment: accumulated depreciation
$3,414,586
-
10c · Land, buildings and equipment, net
beginning of year $3,261,545 · end of year $3,127,133
-
15 · Other assets
beginning of year $152,587 · end of year $195,789
-
17 · Accounts payable and accrued expenses
beginning of year $329,529 · end of year $293,687
-
23 · Secured mortgages and notes payable
beginning of year $6,037,900 · end of year $6,037,900
-
25 · Other liabilities
beginning of year $22,201 · end of year $22,360
-
27 · Net assets without donor restrictions
beginning of year -$2,715,084 · end of year -$2,659,972
Mission and programs · 2022
Mission
To provide low and moderate income housing
-
Providing low and moderate income housing for the elderly. The project is an apartment building consisting of 66 units.
Expenses $1,015,045 · Revenue $1,239,486
As filed on the 2022 return.
Listed in Part VII
-
Ms Ann Dozier
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ms Genevieve Outlaw
Chairperson
- Total calculated
- $0
- Hours/week
- 1
-
Mr Donald Notice
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Ms Diane Ince
Treasurer
- 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
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333189349319328
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