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Nonprofiteer
← TERRE HAUTE HOUSING AUTHORITY DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by TERRE HAUTE HOUSING AUTHORITY DEVELOPMENT CORP.

Totals

Total revenue
$1,213,311
Total expenses
$835,926
Contributions and grants received
$28,474
Grants paid
$0
Program service revenue
$1,043,634
Investment income
$117,051
Other revenue
$24,152
Total assets, end of year
$5,169,539
Total liabilities, end of year
$271,390
Net assets or fund balances, end of year
$4,898,149
Program services expenses (Part IX)
$700,081
Management and general expenses
$135,845
Fundraising expenses
$0
Program service expenses (Part III)
$700,081

Program services were 83.7% 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)

    $28,474

  • 2a · Program service revenue: RENTAL INCOME

    total $1,043,634 · related or exempt $1,043,634

  • 3 · Investment income

    total $117,051 · excluded $117,051

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $24,152 · related or exempt $24,152

  • 11e · Other revenue, total

    $24,152

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $244,183 · program services $219,767 · management and general $24,416

  • 11b · Fees: legal

    total $106 · management and general $106

  • 11c · Fees: accounting

    total $4,615 · management and general $4,615

  • 12 · Advertising and promotion

    total $1,613 · management and general $1,613

  • 13 · Office expenses

    total $5,020 · management and general $5,020

  • 16 · Occupancy

    total $28,231 · program services $25,408 · management and general $2,823

  • 17 · Travel

    total $65 · management and general $65

  • 22 · Depreciation, depletion and amortization

    total $136,135 · program services $136,135

  • 23 · Insurance

    total $80,585 · program services $72,525 · management and general $8,060

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $226,308 · program services $226,308

  • 24b · Other expenses: OTHER ADMINSTRATION EXP

    total $49,038 · management and general $49,038

  • 24c · Other expenses: PROGRAM MANAGEMENT FEES

    total $39,646 · management and general $39,646

  • 24d · Other expenses: COLLECTION LOSSES

    total $19,938 · program services $19,938

  • 24e · All other expenses

    total $443 · management and general $443

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,166,864 · end of year $3,632,402

  • 4 · Accounts receivable

    beginning of year $11,610 · end of year $12,905

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,770 · end of year $74,433

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

    $9,593,290

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

    $8,143,491

  • 10c · Land, buildings and equipment, net

    beginning of year $1,572,138 · end of year $1,449,799

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,906 · end of year $53,214

  • 19 · Deferred revenue

    beginning of year $17,425 · end of year $14,348

  • 21 · Escrow or custodial account liability

    beginning of year $71,686 · end of year $64,884

  • 23 · Secured mortgages and notes payable

    beginning of year $167,601 · end of year $138,944

  • 27 · Net assets without donor restrictions

    beginning of year $4,520,764 · end of year $4,898,149

Mission and programs · 2024

Mission

PROVIDE LOW INCOME HOUSING FOR ELDERLY OR HANDICAPPED FAMILIES AND PERSONS OF LOW INCOME.

Activities or mission (Part I)

TO PROVIDE DWELLINGS FOR ELDERLY OR HANDICAPPED FAMILIES AND PERSONS OF LOW INCOME

  • PROVIDE LOW INCOME HOUSING FOR ELDERLY AND LOW INCOME INDIVIDUALS.

    Expenses $700,081 · Revenue $1,067,786

As filed on the 2024 return.

Listed in Part VII

  • JAMES J COUNTERMAN

    BOARD MEMBER

    Total calculated
    $875
    From this org
    $0
    From related orgs
    $875
    Other
    $0
    Hours/week
    1 + 1 related

  • AARON ATTERSON

    BOARD MEMBER

    Total calculated
    $250
    From this org
    $0
    From related orgs
    $250
    Other
    $0
    Hours/week
    1 + 1 related

  • MARSHALL RECTOR

    VICE PRESIDENT

    Total calculated
    $875
    From this org
    $0
    From related orgs
    $875
    Other
    $0
    Hours/week
    1 + 1 related

  • RODERICK A SMITH

    BOARD MEMBER

    Total calculated
    $875
    From this org
    $0
    From related orgs
    $875
    Other
    $0
    Hours/week
    1 + 1 related

  • JOHN WOLF

    BOARD MEMBER

    Total calculated
    $125
    From this org
    $0
    From related orgs
    $125
    Other
    $0
    Hours/week
    1 + 1 related

  • PATRICIA PARKER-ZAIKOVSKY

    PRESIDENT

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    1 + 1 related

  • MYRA M WILKEY

    BOARD MEMBER

    Total calculated
    $375
    From this org
    $0
    From related orgs
    $375
    Other
    $0
    Hours/week
    1 + 1 related

  • GLENN J PURNELL

    BOARD MEMBER

    Total calculated
    $125
    From this org
    $0
    From related orgs
    $125
    Other
    $0
    Hours/week
    1 + 1 related

  • JEFFREY STEWART

    EXECUTIVE DIRECTOR

    Total calculated
    $217,032
    From this org
    $0
    From related orgs
    $217,032
    Other
    $0
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,032 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $217,032 related

  • MARIA LAKE

    DIRECTOR OF FINANCE/TREASU

    Total calculated
    $108,075
    From this org
    $0
    From related orgs
    $108,075
    Other
    $0
    Hours/week
    1 + 1 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
2024
Filed
6 May 2026
IRS schema version
2024v5.5
Source object
202611279349303926

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