← NEIGHBORHOOD HOUSING SERVICES OF DULUTH INC

Form 990 for tax year 2022

Filed by NEIGHBORHOOD HOUSING SERVICES OF DULUTH INC.

Totals

Total revenue: $1,142,937
Total expenses: $654,202
Contributions and grants received: $900,548
Grants paid: $0
Program service revenue: $238,375
Investment income: $79
Other revenue: $3,935
Total assets, end of year: $6,505,287
Total liabilities, end of year: $3,509,314
Net assets or fund balances, end of year: $2,995,973
Program services expenses (Part IX): $654,202
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $654,202

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)

$898,748
1f · All other contributions, gifts and grants

$1,800
2a · Program service revenue: INTEREST ON LOANS

total $208,443 · related or exempt $208,443
2b · Program service revenue: LOAN FEES

total $29,932 · related or exempt $29,932
3 · Investment income

total $79 · excluded $79
11a · Other revenue: OTHER REVENUE

total $3,935 · related or exempt $3,935
11e · Other revenue, total

$3,935

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $18,509 · program services $18,509
7 · Other salaries and wages

total $306,718 · program services $306,718
8 · Pension plan contributions

total $19,811 · program services $19,811
9 · Other employee benefits

total $44,500 · program services $44,500
10 · Payroll taxes

total $26,215 · program services $26,215
11b · Fees: legal

total $11,181 · program services $11,181
11c · Fees: accounting

total $11,750 · program services $11,750
11g · Fees: other

total $14,241 · program services $14,241
12 · Advertising and promotion

total $5,252 · program services $5,252
13 · Office expenses

total $42,277 · program services $42,277
16 · Occupancy

total $10,662 · program services $10,662
17 · Travel

total $6,874 · program services $6,874
20 · Interest

total $78,745 · program services $78,745
23 · Insurance

total $5,985 · program services $5,985
24a · Other expenses: BAD DEBT EXPENSE

total $39,762 · program services $39,762
24b · Other expenses: OTHER

total $3,772 · program services $3,772
24c · Other expenses: MEMBERSHIP

total $3,189 · program services $3,189
24d · Other expenses: HOMEOWNER SUPPORT

total $2,780 · program services $2,780
24e · All other expenses

total $1,979 · program services $1,979

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $203,532 · end of year $345,870
2 · Savings and temporary cash investments

beginning of year $1,577,869 · end of year $758,919
3 · Pledges and grants receivable

beginning of year $66,669 · end of year $34,978
4 · Accounts receivable

beginning of year $84,167 · end of year $1,246,946
7 · Other notes and loans receivable

beginning of year $4,908,190 · end of year $4,104,136
9 · Prepaid expenses and deferred charges

beginning of year $380 · end of year $14,438
17 · Accounts payable and accrued expenses

beginning of year $36,532 · end of year $50,467
19 · Deferred revenue

beginning of year $1,347,518 · end of year $674,516
21 · Escrow or custodial account liability

beginning of year $11,391 · end of year $8,817
23 · Secured mortgages and notes payable

beginning of year $2,469,071 · end of year $2,362,262
24 · Unsecured notes and loans payable

beginning of year $52,362 · end of year $52,362
25 · Other liabilities

beginning of year $416,695 · end of year $360,890
27 · Net assets without donor restrictions

beginning of year $1,559,891 · end of year $1,613,693
28 · Net assets with donor restrictions

beginning of year $947,347 · end of year $1,382,280

Mission and programs · 2022

Mission

ONE ROOF COMMUNITY LENDING'S MISSION IS TO PROVIDE FINANCING THAT WILL HELP PEOPLE OF LOWER INCOME FIND, PURCHASE, AND FIX THEIR HOMES, FOR BOTH SINGLE FAMILY HOMES AS WELL AS RENTAL HOUSING SITUATIONS.

SINGLE FAMILY HOME LENDING: HOME OWNERSHIP PRESERVATION THROUGH A VARIETY OF BELOW MARKET RATE HOME RENOVATION LENDING PRODUCTS TO REVITALIZE OUR COMMUNITY'S AGING HOUSING STOCK AND ENSURE THE SUCCESS OF OUR LOWER INCOME HOMEOWNERS. ONE ROOF ALSO PROVIDES PURCHASE ASSISTANCE LOANS FOR INCOME QUALIFIED BUYERS WHO HAVE ATTENDED HOMEBUYER EDUCATION CLASSES AND PURCHASING WITHIN 30 MILES OF DULUTH. AND, ON BEHALF OF THE CITY OF SUPERIOR, WISCONSIN, ONE ROOF PROVIDES DEFERRED LOANS TO INCOME ELIGIBLE HOUSEHOLDS IN THAT COMMUNITY AS WELL. ONE ROOF'S LENDING SERVICES CAN BE ACCESSED VIA ITS WEBSITE OR IN PERSON AT ITS OFFICE. IN 2022, ONE ROOF DEPLOYED $1.9 MILLION OF NEW LOANS.

Expenses $654,202 · Revenue $242,310

As filed on the 2022 return.

Listed in Part VII

Jeanine DahlJEANINE DAHL

SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
Christopher HenaginCHRISTOPHER HENAGIN

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Bob RyanBOB RYAN

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Mary Frances SkalaMARY FRANCES SKALA

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Joel TraceyJOEL TRACEY

BOARD CHAIR

Total calculated

$0

Hours/week

1 + 1 related
Ryan Jones-CaseyRYAN JONES-CASEY

BOARD VICE CHAIR

Total calculated

$0

Hours/week

1 + 1 related
Brian MurphyBRIAN MURPHY

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Jessica LangerJESSICA LANGER

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Hannah SmithHANNAH SMITH

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Tonya LokenTONYA LOKEN

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Emily EdisonEMILY EDISON

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Aaron KellyAARON KELLY

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Lisa WickLISA WICK

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Deneice KramerDENEICE KRAMER

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
John StaineJOHN STAINE

BOARD MEMBER

Total calculated

$0

Hours/week

1 + 1 related
Jeff CoreyJEFF COREY

EXECUTIVE DIRECTOR

Total calculated

$99,613

From this org

$0

From related orgs

$89,753

Other

$9,860

Hours/week

1 + 40 related
Vickie HartleyVICKIE HARTLEY

FINANCE DIRECTOR

Total calculated

$83,116

From this org

$0

From related orgs

$78,207

Other

$4,909

Hours/week

1 + 40 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.

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.

ONE ROOF COMMUNITY HOUSING

501(C)(3) · AFFORDABLE HOUSING · MN

Directly controlled by ONE ROOF COMMUNITY HOUSING

Provenance

Return type: form_990
Tax year: 2022
Filed: 19 June 2023
IRS schema version: 2022v5.0
Source object: 202301779349301350

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