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Nonprofiteer
← FOURTH STREET HOUSING DEVELOPMENT FUND COMPANY INC

Form 990 for tax year 2023

Filed by FOURTH STREET HOUSING DEVELOPMENT FUND COMPANY INC.

Totals

Total revenue
$200,409
Total expenses
$311,346
Contributions and grants received
$125,791
Grants paid
$0
Program service revenue
$73,709
Investment income
$7
Other revenue
$902
Total assets, end of year
$1,886,901
Total liabilities, end of year
$31,972
Net assets or fund balances, end of year
$1,854,929
Program services expenses (Part IX)
$264,033
Management and general expenses
$47,313
Fundraising expenses
$0
Program service expenses (Part III)
$264,033

Program services were 84.8% 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)

    $125,791

  • 2a · Program service revenue: RENT

    total $69,804 · related or exempt $69,804

  • 2b · Program service revenue: LAUNDRY FACILITIES

    total $3,905 · excluded $3,905

  • 3 · Investment income

    total $7 · excluded $7

  • 11a · Other revenue: MISCELLANEOUS

    total $902 · related or exempt $902

  • 11e · Other revenue, total

    $902

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $69,949 · program services $65,793 · management and general $4,156

  • 9 · Other employee benefits

    total $5,941 · program services $5,674 · management and general $267

  • 10 · Payroll taxes

    total $5,351 · program services $5,110 · management and general $241

  • 11a · Fees: management

    total $30,286 · management and general $30,286

  • 11c · Fees: accounting

    total $10,014 · management and general $10,014

  • 13 · Office expenses

    total $5,993 · program services $5,394 · management and general $599

  • 16 · Occupancy

    total $17,712 · program services $17,712

  • 22 · Depreciation, depletion and amortization

    total $122,903 · program services $122,903

  • 23 · Insurance

    total $14,701 · program services $14,701

  • 24a · Other expenses: OPERATION & MAINTENANCE

    total $22,456 · program services $22,456

  • 24b · Other expenses: CONTRACTS

    total $4,290 · program services $4,290 · management and general $0

  • 24c · Other expenses: MISCELLANEOUS

    total $1,750 · program services $0 · management and general $1,750

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,303 · end of year $3,446

  • 2 · Savings and temporary cash investments

    beginning of year $76,362 · end of year $94,016

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,662 · end of year $1,683

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

    $6,046,760

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

    $4,259,004

  • 10c · Land, buildings and equipment, net

    beginning of year $1,910,659 · end of year $1,787,756

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,905 · end of year $25,712

  • 25 · Other liabilities

    beginning of year $6,215 · end of year $6,260

  • 27 · Net assets without donor restrictions

    beginning of year $754,766 · end of year $643,829

  • 28 · Net assets with donor restrictions

    beginning of year $1,211,100 · end of year $1,211,100

Mission and programs · 2023

Mission

HOUSING FOR THE PHYSICALLY DISABLED.

  • THE ORGANIZATION IS A 19 UNIT APARTMENT PROJECT FOR THE PHYSICALLY DISABLED - REGULATED AND SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $264,033

  • THE ORGANIZATION IS A 19 UNIT APARTMENT PROJECT FOR THE PHYSICALLY DISABLED - REGULATED AND SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Swanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Barrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Josh Freifeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Russell Bonfiglio

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Pownall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Beach

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John Barber

    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.

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
20 March 2024
IRS schema version
2023v5.0
Source object
202420809349301327

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