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← MAAFA REDEMPTION PROJECT

Form 990 for tax year 2024

Filed by MAAFA REDEMPTION PROJECT.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2024 , filed 17 November 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,771,399 changed to $2,262,765
Total expenses
$1,983,855 changed to $1,980,956
Contributions and grants received
$2,767,721 changed to $2,253,985
Investment income
$3,678 changed to $8,780
Total assets, end of year
$1,982,131 changed to $2,171,060
Total liabilities, end of year
$586,440 changed to $684,360
Net assets or fund balances, end of year
$1,395,691 changed to $1,486,700
Program services expenses
$1,582,880 changed to $1,553,741
Management and general expenses
$400,975 changed to $427,215

Totals

Total revenue
$2,771,399
Total expenses
$1,983,855
Contributions and grants received
$2,767,721
Grants paid
$0
Program service revenue
$0
Investment income
$3,678
Other revenue
$0
Total assets, end of year
$1,982,131
Total liabilities, end of year
$586,440
Net assets or fund balances, end of year
$1,395,691
Program services expenses (Part IX)
$1,582,880
Management and general expenses
$400,975
Fundraising expenses
$0
Program service expenses (Part III)
$1,582,880

Program services were 79.8% 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)

    $546,193

  • 1f · All other contributions, gifts and grants

    $2,221,528

  • 3 · Investment income

    total $3,678 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,011,189 · program services $859,511 · management and general $151,678 · fundraising $0

  • 9 · Other employee benefits

    total $318,404 · program services $270,643 · management and general $47,761 · fundraising $0

  • 16 · Occupancy

    total $25,000 · program services $21,250 · management and general $3,750 · fundraising $0

  • 20 · Interest

    total $25,300 · program services $0 · management and general $25,300 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $3,248 · program services $0 · management and general $3,248 · fundraising $0

  • 23 · Insurance

    total $14,991 · program services $12,742 · management and general $2,249 · fundraising $0

  • 24a · Other expenses: Contracted services

    total $49,700 · program services $42,245 · management and general $7,455 · fundraising $0

  • 24b · Other expenses: Professional services

    total $138,071 · program services $111,087 · management and general $26,984 · fundraising $0

  • 24c · Other expenses: Postage and delivery

    total $15,031 · program services $13,755 · management and general $1,276 · fundraising $0

  • 24d · Other expenses: Travel, meals, and entertainment

    total $10,909 · program services $9,841 · management and general $1,068 · fundraising $0

  • 24e · All other expenses

    total $372,012 · program services $241,806 · management and general $130,206 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $539,443 · end of year $1,267,735

  • 4 · Accounts receivable

    beginning of year $25,000 · end of year $108,943

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

    $150,797

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

    $2,052

  • 10c · Land, buildings and equipment, net

    beginning of year $227,792 · end of year $148,745

  • 15 · Other assets

    beginning of year $150,693 · end of year $456,708

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $78,546

  • 25 · Other liabilities

    beginning of year $334,781 · end of year $507,894

  • 27 · Net assets without donor restrictions

    beginning of year $608,147 · end of year $1,395,691

Mission and programs · 2024

Mission

The MAAFA Redemption Project is a faith based residential institute serving high risk young men in west Garfield Park Chicago, IL. Its purpose is to invest in young men, enhance their quality of life, and develop the communities in which they live.

  • The MAAFA Redemption Project is a faith based residential institute serving high risk young men in west Garfield Park Chicago, IL. Its purpose is to invest in young men, enhance their quality of life, and develop the communities in which they live.

    Expenses $1,582,880 · Revenue $2,771,399

As filed on the 2024 return.

Listed in Part VII

  • Marshall Hatch

    Board President

    Total calculated
    $0
    Hours/week
    10

  • Warren Riley

    Director

    Total calculated
    $0
    Hours/week
    10

  • Timothy Ervin

    Treasurer

    Total calculated
    $0
    Hours/week
    10

  • Marshall Hatch Jr

    Executive Director

    Total calculated
    $97,500
    From this org
    $97,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Billy Carson

    Director

    Total calculated
    $0
    Hours/week
    10

  • Zina Riley

    Secretary

    Total calculated
    $0
    Hours/week
    10

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349323514

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