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Nonprofiteer
← RDOOR HOUSING CORPORATION

Form 990 for tax year 2024

Filed by RDOOR HOUSING CORPORATION.

Totals

Total revenue
$27,266,167
Total expenses
$14,957,888
Contributions and grants received
$6,116,841
Grants paid
$0
Program service revenue
$10,093,438
Investment income
$11,055,888
Other revenue
$0
Total assets, end of year
$57,210,534
Total liabilities, end of year
$39,607,289
Net assets or fund balances, end of year
$17,603,245
Program services expenses (Part IX)
$14,957,888
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$14,957,888

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.

  • 1e · Government grants (contributions)

    $6,041,841

  • 1f · All other contributions, gifts and grants

    $75,000

  • 2a · Program service revenue: RESIDENT COMMUNITY INCOME

    total $8,694,958 · related or exempt $8,694,958

  • 2b · Program service revenue: DEVELOPER FEE INCOME

    total $926,068 · related or exempt $926,068

  • 2c · Program service revenue: CONSULTING FEES

    total $239,492 · related or exempt $239,492

  • 2d · Program service revenue: ASSET MGT FEES

    total $193,796 · related or exempt $193,796

  • 2e · Program service revenue: MISCELLANEOUS

    total $39,124 · related or exempt $39,124

  • 3 · Investment income

    total $681,001 · excluded $681,001

  • 7a · Gross sales of assets other than inventory

    other assets $27,005,000

  • 7b · Less cost or other basis and sales expenses

    other assets $16,630,113

  • 7c · Gain or loss

    other assets $10,374,887

  • 7d · Net gain or loss

    total $10,374,887 · excluded $10,374,887

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,317,643 · program services $2,317,643

  • 8 · Pension plan contributions

    total $40,051 · program services $40,051

  • 9 · Other employee benefits

    total $202,703 · program services $202,703

  • 10 · Payroll taxes

    total $192,978 · program services $192,978

  • 11a · Fees: management

    total $1,915,087 · program services $1,915,087

  • 11b · Fees: legal

    total $73,452 · program services $73,452

  • 11c · Fees: accounting

    total $152,900 · program services $152,900

  • 11g · Fees: other

    total $87,583 · program services $87,583

  • 12 · Advertising and promotion

    total $38,649 · program services $38,649

  • 13 · Office expenses

    total $237,187 · program services $237,187

  • 16 · Occupancy

    total $619,503 · program services $619,503

  • 20 · Interest

    total $1,880,307 · program services $1,880,307

  • 22 · Depreciation, depletion and amortization

    total $1,169,184 · program services $1,169,184

  • 23 · Insurance

    total $749,562 · program services $749,562

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $2,728,996 · program services $2,728,996

  • 24b · Other expenses: UTILITIES

    total $1,263,902 · program services $1,263,902

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $442,168 · program services $442,168

  • 24d · Other expenses: MISCELLANEOUS

    total $292,876 · program services $292,876

  • 24e · All other expenses

    total $553,157 · program services $553,157

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,997,605 · end of year $4,083,749

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $1,074,208

  • 4 · Accounts receivable

    beginning of year $4,142,528 · end of year $726,679

  • 7 · Other notes and loans receivable

    beginning of year $7,840,434 · end of year $16,349,232

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,159,103 · end of year $1,614,981

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

    $40,553,284

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

    $10,251,843

  • 10c · Land, buildings and equipment, net

    beginning of year $33,347,348 · end of year $30,301,441

  • 14 · Intangible assets

    beginning of year $608,100 · end of year $558,450

  • 15 · Other assets

    beginning of year $2,555,647 · end of year $2,501,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,613,251 · end of year $2,574,670

  • 19 · Deferred revenue

    beginning of year $1,945,894 · end of year $2,337,147

  • 23 · Secured mortgages and notes payable

    beginning of year $43,519,517 · end of year $34,484,248

  • 25 · Other liabilities

    beginning of year $277,137 · end of year $211,224

  • 27 · Net assets without donor restrictions

    beginning of year $5,294,966 · end of year $17,603,245

Mission and programs · 2024

Mission

TO PROMOTE AND PROVIDE LOW AND MODERATE INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

  • TO PROMOTE AND PROVIDE LOW AND MODERATE INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

    Expenses $14,957,888 · Revenue $10,093,438

As filed on the 2024 return.

Listed in Part VII

  • Lauren Rodriguez

    PRESIDENT/CEO

    Total calculated
    $87,656
    From this org
    $87,656
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Walter Friehofer

    CHAIRMAN/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Mary Trujillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Marquisha Bridgeman

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Michael Petrie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Sharvonne Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Katie White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Cameron Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Suzanna Taft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Kathleen Lara

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MAH BRAEBURN VILLAGE LLC

    LOW INCOME HOUSING · IN · income -$138,178 · assets $21,517,555

  • MAH MIDTOWN FLATS LLC

    AFFORDABLE HOUSING · IN · income $2,407,349 · assets $1,031,734

  • MAH CG HOLDINGS LLC

    AFFORDABLE HOUSING · IN · income -$357,638 · assets $2,358,706

  • MAH MARBLEHEAD LLC

    AFFORDABLE HOUSING · IN · income $315,541 · assets $0

  • MAH STETSON HOLDINGS LLC

    AFFORDABLE HOUSING · IN · income -$212,195 · assets $2,091,062

  • MAH RENTAL ASSISTANCE FUND LLC

    AFFORDABLE HOUSING · IN · income -$40,617 · assets $762,682

  • MAH MAPLETON PROPERTIES LLC

    AFFORDABLE HOUSING · IN · income $65,524 · assets $1,743,437

  • RHC TCN LLC

    AFFORDABLE HOUSING · IN · income $0 · assets $9,140,759

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • TURTLE CREEK NORTH APARTMENTS INDIANAPOLIS LP

    RELATED · AFFORDABLE HOUSING · IN · 1% owned · share of income $643,133 · general or managing partner

    Directly controlled by MULTI FAMILY REDEV FUND

  • MERICI VILLAGE APTS LP

    RELATED · LOW INCOME HOUSING · IN · 0.01% owned · share of income -$13 · share of assets $15,094 · general or managing partner

    Directly controlled by MERICI GP

  • MAH NORTHSIDE FLATS LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$930,677 · share of assets $3,834,751 · general or managing partner

    Directly controlled by MAH NORTHSIDE GP

  • MAH CONCORD COMMONS II LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$22 · share of assets -$189,937 · general or managing partner

    Directly controlled by MAH CONCORD II GP

  • MAH WOODLAKE VILLAGE I LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$44 · share of assets $328,728 · general or managing partner

    Directly controlled by MAH WOODLAKE I GP

  • MAH CEDAR GLEN LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$84 · share of assets $3,549,241 · general or managing partner

    Directly controlled by MAH CEDAR GLEN LLC

  • RHC TURTLE CREEK NORTH LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$2 · share of assets $78,203 · general or managing partner

    Directly controlled by RHC TURTLE CREEK NORTH APARTMENTS GP LLC

  • BARTON BLOCK LP

    RELATED · AFFORDABLE HOUSING · IN · 0.01% owned · share of income -$35 · share of assets $384,728 · general or managing partner

    Directly controlled by RHC MILLIKAN GP LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MERICI VILLAGE GP INC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$13 · share of assets -$27

  • MAH NORTHSIDE GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$930,677 · share of assets -$1,592,910

  • MULTIFAMILY REDEVEL FOUNDATION - TURTLE

    C · LOW INCOME HOUSING · IN · 100% owned · share of income $122,407

  • MAH CONCORD II GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$22 · share of assets -$931,263

  • MAH WOODLAKE I GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$44 · share of assets -$458,125

  • MAH CEDAR GLEN GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$84 · share of assets -$269

  • MULTIFAMILY REDEVEL FOUNDATION INC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income $202,124

  • RHC TURTLE CREEK NORTH APARTMENTS GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$2 · share of assets $98

  • RHC MILLIKAN GP LLC

    C · LOW INCOME HOUSING · IN · 100% owned · share of income -$35 · share of assets $84,404

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202543179349307154

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