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Nonprofiteer
← SAVE DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by SAVE DEVELOPMENT CORPORATION.

Totals

Total revenue
$210,906
Total expenses
$254,879
Contributions and grants received
$141,585
Grants paid
$0
Program service revenue
$69,224
Investment income
$97
Other revenue
$0
Total assets, end of year
$779,197
Total liabilities, end of year
$1,904,667
Net assets or fund balances, end of year
-$1,125,470
Program services expenses (Part IX)
$197,997
Management and general expenses
$56,882
Fundraising expenses
$0
Program service expenses (Part III)
$197,997

Program services were 77.7% 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)

    $141,585

  • 2a · Program service revenue: Rental and ancillary Income

    total $69,224 · related or exempt $69,224

  • 3 · Investment income

    total $97 · excluded $97

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 $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $13,608 · program services $6,804 · management and general $6,804

  • 11b · Fees: legal

    total $6,158 · management and general $6,158

  • 11c · Fees: accounting

    total $9,120 · management and general $9,120

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $21,216 · program services $19,095 · management and general $2,121

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $4,472 · program services $2,236 · management and general $2,236

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $66,987 · program services $60,287 · management and general $6,700

  • 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 $68,199 · program services $61,379 · management and general $6,820

  • 23 · Insurance

    total $0

  • 24a · Other expenses: Management company reimbursed expenses

    total $61,013 · program services $46,836 · management and general $14,177

  • 24e · All other expenses

    total $4,106 · program services $1,360 · management and general $2,746

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $206 · end of year $22,028

  • 4 · Accounts receivable

    beginning of year $4,162 · end of year $4,914

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

    $2,109,874

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

    $1,452,213

  • 10c · Land, buildings and equipment, net

    beginning of year $674,318 · end of year $657,661

  • 15 · Other assets

    beginning of year $87,265 · end of year $94,594

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,527 · end of year $2,390

  • 21 · Escrow or custodial account liability

    beginning of year $5,397 · end of year $5,320

  • 23 · Secured mortgages and notes payable

    beginning of year $1,688,200 · end of year $1,688,200

  • 25 · Other liabilities

    beginning of year $148,324 · end of year $208,757

  • 27 · Net assets without donor restrictions

    beginning of year -$1,081,497 · end of year -$1,125,470

Mission and programs · 2024

Mission

Save Development Corporation operates units for persons with HIV and other qualifying individuals. The Organization is operated under Section 811 of the National Affordable Housing Act and is regulated by the the U.S. Department of Housing and Urban Department. The Project also receives rental assistance from HUD.

Activities or mission (Part I)

Save Development Corporation operates two apartment buildings, one has 12 units the other has 4 units rented to persons with HIV and other qualifying individual and primary source of revenue is from renting apartments

  • We provided permanent housing to 33 low-income, disabled individuals and families.

    Expenses $197,997 · Revenue $69,224

As filed on the 2024 return.

Listed in Part VII

  • PATRICK MCLAUGHLIN

    EXECUTIVE DIRECTOR

    Total calculated
    $109,406
    From this org
    $98,006
    From related orgs
    $0
    Other
    $11,400
    Hours/week
    1 + 39 related

  • STEVEN BAUGH

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • RACHEL BARNES

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • MEG BELEW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • BLAKE DANKERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • TABITHA DAVIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • JARED FREEMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • GHADEER GARCIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • CAROL HINTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • BARB MUETH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • STEPHANIE PARKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • JOE PERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • RIVER RIVERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • AHMED SHALABI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 related

  • RON WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2 + 1.8 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.

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
15 May 2026
IRS schema version
2024v5.2
Source object
202601359349307630

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