Totals
- Total revenue
- $376,878
- Total expenses
- $556,127
- Contributions and grants received
- $4,038
- Grants paid
- $2,850
- Program service revenue
- $81,255
- Investment income
- $272,028
- Other revenue
- $19,557
- Total assets, end of year
- $5,493,969
- Total liabilities, end of year
- $4,350,690
- Net assets or fund balances, end of year
- $1,143,279
- Program services expenses (Part IX)
- $269,878
- Management and general expenses
- $200,893
- Fundraising expenses
- $85,356
- Program service expenses (Part III)
- $269,878
Program services were 48.5% 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
$4,038
-
2a · Program service revenue: Loan Fee Income
total $60,284 · related or exempt $60,284
-
2b · Program service revenue: Consulting Income
total $20,971 · related or exempt $20,971
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $272,028 · excluded $272,028
-
6a · Gross rents
real property $102,314
-
6b · Less rental expenses
real property $83,158
-
6c · Rental income or loss
real property $19,156 · personal property $0
-
6d · Net rental income or loss
total $19,156 · related or exempt $19,156
-
7c · Gain or loss
securities $0 · other assets $0
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Miscellaneous
total $401 · related or exempt $401
-
11d · All other revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$401
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,850 · program services $2,850
-
5 · Compensation of officers, directors and key employees
total $30,000 · program services $7,532 · management and general $15,106 · fundraising $7,362
-
7 · Other salaries and wages
total $252,398 · program services $63,367 · management and general $127,086 · fundraising $61,945
-
9 · Other employee benefits
total $32,980 · program services $8,280 · management and general $16,606 · fundraising $8,094
-
10 · Payroll taxes
total $32,415 · program services $8,138 · management and general $16,322 · fundraising $7,955
-
11c · Fees: accounting
total $14,200 · program services $14,200
-
11g · Fees: other
total $59,445 · program services $50,902 · management and general $8,543 · fundraising $0
-
12 · Advertising and promotion
total $578 · management and general $578
-
13 · Office expenses
total $7,193 · program services $100 · management and general $7,093
-
14 · Information technology
total $363 · management and general $363
-
17 · Travel
total $604 · program services $604
-
20 · Interest
total $107,611 · program services $107,611
-
23 · Insurance
total $6,484 · program services $2,269 · management and general $4,215
-
24a · Other expenses: Outreach
total $4,611 · management and general $4,611
-
24b · Other expenses: Miscellaneous
total $2,836 · program services $2,466 · management and general $370
-
24c · Other expenses: State Filing Fees and Dues
total $1,310 · program services $1,310
-
24d · Other expenses: Recruiting
total $249 · program services $249
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $121,115 · end of year $110,657
-
2 · Savings and temporary cash investments
beginning of year $1,199,858 · end of year $996,858
-
3 · Pledges and grants receivable
beginning of year $20,000 · end of year $0
-
4 · Accounts receivable
beginning of year $84,247 · end of year $113,385
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $3,499,238 · end of year $3,339,912
-
9 · Prepaid expenses and deferred charges
beginning of year $11,285 · end of year $23,260
-
10a · Land, buildings and equipment: cost or other basis
$1,006,237
-
10b · Land, buildings and equipment: accumulated depreciation
$116,813
-
10c · Land, buildings and equipment, net
beginning of year $831,760 · end of year $889,424
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $0 · end of year $20,473
-
17 · Accounts payable and accrued expenses
beginning of year $61,967 · end of year $95,797
-
19 · Deferred revenue
beginning of year $0 · end of year $106,762
-
22 · Loans and payables to officers and key people
end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $4,383,008 · end of year $4,148,131
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $747,426 · end of year $793,982
-
28 · Net assets with donor restrictions
beginning of year $575,102 · end of year $349,297
Mission and programs · 2024
Mission
TO FINANCE THE DEVELOPMENT AND MANAGEMENT OF ENERGY SERVICES, SPECIFICALLY ENERGY EFFICIENCY AND RENEWABLE ENERGY GENERATION SERVICES, FOR THE PRESERVATION OF MULTIFAMILY AFFORDABLE HOUSING.
Activities or mission (Part I)
To create triple bottom line benefits through the financing of pollution reduction upgrades at multifamily affordable housing, and rural and disadvantaged communities.
-
TRIPLE BOTTOM LINE FOUNDATION (TBL FUND) HELPS FINANCE CLEAN ENERGY PROJECTS FOR MULTIFAMILY AFFORDABLE HOUSING. INVESTMENTS IN TBL FUND HELP PRESERVE AFFORDABLE HOUSING, CREATE LOCAL JOBS, AND ADDRESS CLIMATE CHANGE, AMONG OTHER SOCIAL, ECONOMIC, AND ENVIRONMENTAL BENEFITS.
Expenses $269,878 · Grants $2,850 · Revenue $100,812
As filed on the 2024 return.
Listed in Part VII
-
Kamal Ali
Treasurer (as of June 2024)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Nim Patel
Treasurer (Through June 2024)
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ravi Malhorta
President/Secretary
- Total calculated
- $300,000
- From this org
- $30,000
- From related orgs
- $270,000
- Other
- $0
- Hours/week
- 5 + 40 related
Schedule J breakdown matched by us
- Base
- $30,000 + $270,000 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $30,000 + $270,000 related
-
Benny Shendo
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Evan Williams
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kenneth Kirwin
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael Martinez
Director
- Total calculated
- $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
The filer's explanations (Part III)
- Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
- The organization's top management official is paid by both the filing organization and a related organization, ICAST. The Board of Directors determine the compensation of the President after review of comparable market data.
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.
-
501(c)(3) · PROVIDE ECONOMIC, ENVIRONMENTAL, AND SOCIAL BENEFITS TO COMMUNITIES · CO
Directly controlled by na
-
501(c)(3) · Housing Development · DC
Directly controlled by na
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 August 2025
- IRS schema version
- 2024v5.1
- Source object
- 202502269349300745
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