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Nonprofiteer
← INGRAHAM HOUSING CORPORATION INC

Form 990 for tax year 2023

Filed by INGRAHAM HOUSING CORPORATION INC.

Totals

Total revenue
$191,409
Total expenses
$194,668
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$191,409
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,120,543
Total liabilities, end of year
$2,049,039
Net assets or fund balances, end of year
$71,504
Program services expenses (Part IX)
$194,668
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$194,668

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.

  • 2a · Program service revenue: Lease Revenue

    total $188,194 · related or exempt $188,194

  • 2b · Program service revenue: Misc. Revenue

    total $3,215 · related or exempt $3,215

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $2 · program services $2

  • 16 · Occupancy

    total $75,236 · program services $75,236

  • 22 · Depreciation, depletion and amortization

    total $119,430 · program services $119,430

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $383,237 · end of year $376,609

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

    $3,600,594

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

    $1,856,660

  • 10c · Land, buildings and equipment, net

    beginning of year $1,744,701 · end of year $1,743,934

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $2,000

  • 19 · Deferred revenue

    beginning of year $31,750 · end of year $31,750

  • 23 · Secured mortgages and notes payable

    beginning of year $1,481,047 · end of year $1,369,384

  • 25 · Other liabilities

    beginning of year $540,378 · end of year $645,905

  • 27 · Net assets without donor restrictions

    beginning of year -$9,430 · end of year -$9,430

  • 28 · Net assets with donor restrictions

    beginning of year $84,193 · end of year $80,934

Mission and programs · 2023

Mission

Ingraham Housing Corporation is a "Community Housing Development Organization" (CHODO) which obtains low income housing financing and leases properties to a related 501(c)(3) organization.

Activities or mission (Part I)

Lessors of rental property to related 501(c)(3) organization

  • Rental of properties to a related 501(c)(3) organization.

    Expenses $194,668 · Revenue $191,409

As filed on the 2023 return.

Listed in Part VII

  • Joseph R Everett

    President

    Total calculated
    $208,850
    From this org
    $0
    From related orgs
    $192,899
    Other
    $15,951
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,402 related
    Bonus
    $0
    Other
    $0 + $10,497 related
    Deferred
    $0 + $4,874 related
    Nontaxable benefits
    $0 + $11,077 related
    Filer's total
    $0 + $208,850 related

  • Sarah Coupe

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Tim Soley

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Dawn A Ouellette

    Chief Financial Officer

    Total calculated
    $206,899
    From this org
    $0
    From related orgs
    $169,546
    Other
    $37,353
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,200 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $6,346 related
    Deferred
    $0 + $7,170 related
    Nontaxable benefits
    $0 + $30,183 related
    Filer's total
    $0 + $206,899 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Ingraham Housing Corporation has no employees. Joseph Everett, President and Dawn A. Ouellette, Chief Financial Officer are compensated by The Opportunity Alliance, a related organization. The methods used to determine their compensation from The Opportunity Alliance are as follows: 1. Compensation committee 2. Form 990 of other organizations 3. Compensation survey or study 4. Approval by the board or compensation committee

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 April 2025
IRS schema version
2023v6.0
Source object
202521149349300622

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