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← ATHENS HOMELESS PROPERTYCORPORATION

Form 990 for tax year 2022

Filed by ATHENS HOMELESS PROPERTYCORPORATION.

Totals

Total revenue
$91,222
Total expenses
$332,137
Contributions and grants received
$5
Grants paid
$72,000
Program service revenue
$0
Investment income
$91,217
Other revenue
$0
Total assets, end of year
$7,684,487
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$7,684,487
Program services expenses (Part IX)
$314,740
Management and general expenses
$17,397
Fundraising expenses
$0
Program service expenses (Part III)
$314,740

Program services were 94.8% 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.

  • 1f · All other contributions, gifts and grants

    $5

  • 3 · Investment income

    total $48,168 · excluded $48,168

  • 7a · Gross sales of assets other than inventory

    other assets $43,049

  • 7c · Gain or loss

    other assets $43,049

  • 7d · Net gain or loss

    total $43,049 · excluded $43,049

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,000 · program services $72,000

  • 11f · Fees: investment management

    total $13,353 · management and general $13,353

  • 22 · Depreciation, depletion and amortization

    total $242,740 · program services $242,740

  • 24a · Other expenses: INSURANCE

    total $2,577 · management and general $2,577

  • 24b · Other expenses: FOREIGN TAXES PAID

    total $767 · management and general $767

  • 24c · Other expenses: LEGAL AND ACCOUNTING FEES

    total $460 · management and general $460

  • 24d · Other expenses: BANK CHARGES

    total $240 · management and general $240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $9

  • 2 · Savings and temporary cash investments

    beginning of year $477,051 · end of year $397,058

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

    $6,819,951

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

    $1,811,866

  • 10c · Land, buildings and equipment, net

    beginning of year $5,250,825 · end of year $5,008,085

  • 11 · Investments: publicly traded securities

    beginning of year $2,668,261 · end of year $2,275,180

  • 15 · Other assets

    beginning of year $4,411 · end of year $4,155

  • 27 · Net assets without donor restrictions

    beginning of year $5,251,219 · end of year $5,005,520

  • 28 · Net assets with donor restrictions

    beginning of year $3,149,329 · end of year $2,678,967

Mission and programs · 2022

Mission

AHPC WAS FORMED TO ACQUIRE PROPERTY AND MAKE IT AVAILABLE EXCLUSIVELY TO 501(C)3 ORGANIZATIONS ASSISTING IN THE PLIGHT OF THE HOMELESS IN THE ATHENS, GA AREA. THE HOMELESS PROVIDERS WILL INCLUDE LOCAL SHELTERS, FOOD BANKS, AND HEALTH CLINICS. AHPC WILL FURTHER ITS EXEMPT PURPOSE BY CONSTRUCTING AND RETAINING FUNDS TO ACQUIRE, CONSTRUCT OR OPERATE FACILITIES FOR ORGANIZATIONS ASSISTING THE HOMELESS.

  • PROVIDE PROGRAMMING THAT REVOLVES AROUND THE ACQUISITION, CONSTRUCTION, AND OPERATION OF FACILITIES AND FUNDS TO ORGANIZATIONS THAT QUALIFY UNDER IRC SECTION 501(C)(3) AND THAT ASSIST THE HOMELESS. IN 2016, CONSTRUCTION WAS COMPLETED, AND THE ORGANIZATION NOW LEASES THE ATHENS RESOURCE CENTER AND VILLAGE RENT FREE TO A 501(C)(3)ORGANIZATION ASSISTING IN THE PLIGHT OF THE HOMELESS IN THE ATHENS, GA AREA.

    Expenses $314,740 · Grants $72,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Bachman

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • E Clay Bryant

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paige Cummings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Foster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Gillis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eric Orbock

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Shae Post

    DIRECTOR

    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

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
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202313139349303356

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