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 BowdryALEX BOWDRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Roberta BowraROBERTA BOWRA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dionne JacksonDIONNE JACKSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Tyrone SimpsonTYRONE SIMPSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Deborah BlackwellDEBORAH 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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