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Nonprofiteer
← THE FULLER CENTER FOR HOUSING INC

Form 990 for tax year 2022

Filed by THE FULLER CENTER FOR HOUSING INC.

Totals

Total revenue
$457,593
Total expenses
$493,782
Contributions and grants received
$280,968
Grants paid
$0
Program service revenue
$115,764
Investment income
$49,679
Other revenue
$11,182
Total assets, end of year
$2,739,895
Total liabilities, end of year
$79,823
Net assets or fund balances, end of year
$2,660,072
Program services expenses (Part IX)
$387,168
Management and general expenses
$85,772
Fundraising expenses
$20,842
Program service expenses (Part III)
$387,168

Program services were 78.4% 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

    $280,968

  • 2a · Program service revenue: SURPLUS STORE SALES

    total $65,926 · related or exempt $65,926

  • 2b · Program service revenue: RENTAL INCOME

    total $49,838 · related or exempt $49,838

  • 3 · Investment income

    total $49,679 · excluded $49,679

  • 11a · Other revenue: MISCELLANEOUS

    total $11,182 · excluded $11,182

  • 11e · Other revenue, total

    $11,182

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $63,178 · program services $26,301 · management and general $31,589 · fundraising $5,288

  • 7 · Other salaries and wages

    total $89,813 · program services $78,770 · management and general $9,512 · fundraising $1,531

  • 12 · Advertising and promotion

    total $4,733 · fundraising $4,733

  • 13 · Office expenses

    total $11,452 · program services $1,145 · management and general $9,734 · fundraising $573

  • 20 · Interest

    total $6,019 · management and general $6,019

  • 22 · Depreciation, depletion and amortization

    total $62,520 · program services $58,995 · management and general $3,525

  • 23 · Insurance

    total $39,910 · program services $34,731 · management and general $5,179

  • 24a · Other expenses: COST OF SURPLUS STORE INV

    total $70,252 · program services $70,252

  • 24b · Other expenses: MISCELLANEOUS

    total $37,107 · program services $23,398 · management and general $4,992 · fundraising $8,717

  • 24c · Other expenses: UTILITIES

    total $35,485 · program services $33,678 · management and general $1,807

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $28,621 · program services $28,446 · management and general $175

  • 24e · All other expenses

    total $44,692 · program services $31,452 · management and general $13,240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $422,129 · end of year $255,736

  • 4 · Accounts receivable

    beginning of year $5,566 · end of year $5,541

  • 7 · Other notes and loans receivable

    beginning of year $1,369,204 · end of year $1,232,177

  • 8 · Inventories for sale or use

    beginning of year $371,502 · end of year $633,077

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,834 · end of year $28,880

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

    $930,595

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

    $346,111

  • 10c · Land, buildings and equipment, net

    beginning of year $626,669 · end of year $584,484

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,544 · end of year $8,350

  • 23 · Secured mortgages and notes payable

    beginning of year $74,099 · end of year $71,473

  • 27 · Net assets without donor restrictions

    beginning of year $2,671,280 · end of year $2,651,129

  • 28 · Net assets with donor restrictions

    beginning of year $24,981 · end of year $8,943

Mission and programs · 2022

Mission

TO PROVIDE DECENT, AFFORDABLE HOUSING FOR FAMILIES LIVING IN PROVERTY IN NORTHWEST LOUISIANA. FULLER CENTER FOR HOUSING OF NORTHWEST LOUISIANA PROVIDES DECENT, AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES BY REHABILITATING EXISTING HOME AND CONSTRUCTING AND BUILDING ADEQUATE AND BASIC NEW HOMES IN THE NORTHWEST LOUISIANA AREA. THESE HOMES ARE SOLD TO FAMILIES AT NO PROFIT AND FINANCED OVER A TWENTY YEAR PERIOD AT NO INTEREST.

  • HOME CONSTRUCTION & REHABILITATION: REHABILITATION OF SUBSTANDARD HOMES IN NORTHWEST LOUISIANA, CONSISTING OF REPAIRS, FRESH PAINT AND REPLACEMENT OF WINDOWS, ROTTON WOODS AND APPLIANCES. CONSTRUCTION OF NEW HOUSING FOR LOW- INCOME FAMILIES. THIS PROGRAM ENCOMPASSES BUILDING NEW AFFORDABLE HOMES FOR LOW-INCOME FAMILIES AND INDIVIDUALS. VOLUNTEERS AND PROSPECTIVE HOME OWNERS PARTICIPATE IN THE CONSTRUCTION. ONCE A HOME IS COMPLETED, THE OWNER SIGNS A PROMISSORY NON-INTEREST, 20-YEAR MORTGAGE, PAYABLE TO FULLER CENTER FOR HOUSING OF NORTHWEST LOUISIANA, INC.

    Expenses $188,383

  • FULLER GROCERY STORE: COSTS OF OPERATIONS OF A GROCERY STORE TO SUPPORT THE PRIMARY MISSION OF BUILDING AND RENOVATING HOMES FOR LOW-INCOME CLIENTS. THE STORE WAS LOCATED IN A TARGETED COMMUNITY WHERE THE MISSION OF THE ORGANIZATION IS ONGOING.

    Expenses $34,234

  • SURPLUS STORE: CONSISTS OF EXCESS MATERIAL AND OTHER MATERIALS DONATED TO THE CENTER TO BE USED AND SOLD TO THE GENERAL PUBLIC, TO SUPPORT THE PRIMARY MISSION OF BUILDING AND RENOVATIONG HOMES FOR LOW-INCOME CLIENTS.

    Expenses $164,551

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lee A Jeter Sr

    EXECUTIVE DI

    Total calculated
    $63,178
    From this org
    $63,178
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • William Bell

    PRESIDENT

    Total calculated
    $0

  • Becky Cooksey

    BOARD MEMBER

    Total calculated
    $0

  • Chris Harmon

    BOARD MEMBER

    Total calculated
    $0

  • Chase Kauffman

    TREASURER

    Total calculated
    $0

  • Mike Leonard

    BOARD MEMBER

    Total calculated
    $0

  • Pamela Moore

    BOARD MEMBER

    Total calculated
    $0

  • Jerry Paige

    VICE PRESIDE

    Total calculated
    $0

  • Carol Philips

    BOARD MEMBER

    Total calculated
    $0

  • Maxie Rambin

    BOARD MEMBER

    Total calculated
    $0

  • Herschel Richard

    BOARD MEMBER

    Total calculated
    $0

  • Rebecca Scott

    BOARD MEMBER

    Total calculated
    $0

  • Katie Weir

    BOARD MEMBER

    Total calculated
    $0

  • Sheri Wilson

    BOARD MEMBER

    Total calculated
    $0

  • Melanie Wright

    SECRETARY

    Total calculated
    $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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202441229349301809

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