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← LOWER MARSHALL-SHADELAND DEVELOPMENT INITIATIVE

Form 990 for tax year 2022

Filed by LOWER MARSHALL-SHADELAND DEVELOPMENT INITIATIVE.

Totals

Total revenue
$565,695
Total expenses
$103,365
Contributions and grants received
$565,695
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$477,709
Total liabilities, end of year
$12,880
Net assets or fund balances, end of year
$464,829
Program services expenses (Part IX)
$103,365
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$103,365

Program services were 100.0% 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

    $565,695

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $21,000 · program services $21,000

  • 10 · Payroll taxes

    total $1,613 · program services $1,613

  • 11b · Fees: legal

    total $8,216 · program services $8,216

  • 11c · Fees: accounting

    total $4,400 · program services $4,400

  • 11g · Fees: other

    total $53,401 · program services $53,401

  • 12 · Advertising and promotion

    total $175 · program services $175

  • 17 · Travel

    total $165 · program services $165

  • 24a · Other expenses: RESEARCH/SITE DEVELOPMENT

    total $11,250 · program services $11,250

  • 24b · Other expenses: PAV EXPENSES:2500 OFFICE

    total $1,000 · program services $1,000

  • 24c · Other expenses: PAV EXPENSES:2150 CONFER

    total $900 · program services $900

  • 24d · Other expenses: PAV EXPENSES:2450 OFFICE

    total $600 · program services $600

  • 24e · All other expenses

    total $645 · program services $645

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,624 · end of year $477,709

  • 25 · Other liabilities

    beginning of year $125 · end of year $12,880

  • 27 · Net assets without donor restrictions

    beginning of year $2,499 · end of year $464,829

Mission and programs · 2022

Mission

OUR MISSION IS TO INCREASE THE AVAILABILITY OF AFFORDABLE AND RENTAL HOUSING FOR VETERANS AND COMMUNITY RESIDENTS IN LMSDI THROUGH PURCHASING AND RESTORING VACANT AND VANDALIZED BUILDINGS.

Activities or mission (Part I)

TO DEVELOP VACANT AND BLIGHTED PROPERTIES TO PROVIDE AFFORDABLE HOUSING IN THE LOWER MARSHALL-SHADELAND AREA.

  • COMMUNITY DEVELOPMENT AND OUTREACH FINANCIAL INSTITUTIONS AND GOVERNMENT AGENCIES - LMSDI IS WORKING WITH FINANCIAL INSTITUTIONS, UNIVERSITIES, GOVERNMENT AGENCIES, AND COMMUNITY BASED ORGANIZATIONS, TO DETERMINE THE LEVEL OF PRIVATE VS PUBLIC AFFORDABLE HOUSING IN 90 PITTSBURGH NEIGHBORHOODS. THE RESEARCH PRODUCED 6 PUBLICATIONS WHICH CAN BE FOUND ON PGHLENDING.COM LMSDI WEBSITE- LMSDI PRODUCED A WEBSITE TITLED PGHLENDING.COM WHICH ANALYZED OVER 900 FINANCIAL INSTITUTIONS AND THEIR LENDING PRACTICES IN PITTSBURGH'S 90 NEIGHBORHOODS PLUS 9 COUNCIL-MATIC DISTRICTS. WEBSITE ANALYSIS IS FOR PRIVATE SECTOR AFFORDABLE HOUSING VS PUBLIC SECTOR AFFORDABLE HOUSING.

    Expenses $83,899

  • RESEARCH LMSDI COMMUNITY ANALYSIS OF VACANT PROPERTIES - OVER 434 VACANT PROPERTIES IN THE LOWER MARSHALL SHADELAND NEIGHBORHOOD WERE ASSESSED TO DETERMINE THE CONDITION OF READINESS FOR REHABILITATION. THE HOUSING WILL BE USED TO HOUSE VETERANS AND LOW-MODERATE INCOME RESIDENTS.

    Expenses $19,466

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

Listed in Part VII

  • Alex Bowdry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Roberta Bowra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Dionne Jackson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Tyrone Simpson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Deborah Blackwell

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349329698

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