Form 990 for tax year 2024
Filed by PIEDMONT HOUSING ALLIANCE INCORPORATED.
Totals
- Total revenue
- $12,769,775
- Total expenses
- $6,999,528
- Contributions and grants received
- $9,544,937
- Grants paid
- $0
- Program service revenue
- $1,553,036
- Investment income
- $463,217
- Other revenue
- $1,208,585
- Total assets, end of year
- $50,261,998
- Total liabilities, end of year
- $15,134,676
- Net assets or fund balances, end of year
- $35,127,322
- Program services expenses (Part IX)
- $5,562,524
- Management and general expenses
- $996,838
- Fundraising expenses
- $440,166
- Program service expenses (Part III)
- $5,562,524
Program services were 79.5% 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)
$2,970,333
-
1f · All other contributions, gifts and grants
$6,574,604
-
1g · Noncash contributions included above
$2,559,521
-
2a · Program service revenue: PROPERTY MANGEMENT FEES
total $1,454,036 · related or exempt $1,454,036
-
2b · Program service revenue: OTHER FEES
total $99,000 · related or exempt $99,000
-
3 · Investment income
total $463,217 · excluded $463,217
-
6a · Gross rents
real property $62,133
-
6b · Less rental expenses
real property $98,631
-
6c · Rental income or loss
real property -$36,498
-
6d · Net rental income or loss
total -$36,498 · related or exempt -$36,498
-
10a · Gross sales of inventory
$160,000
-
10b · Cost of goods sold
$287,932
-
10c · Net income from sales of inventory
total -$127,932 · related or exempt -$127,932
-
11a · Other revenue: DEVELOPER FEES
total $1,949,477 · related or exempt $1,949,477
-
11b · Other revenue: PTR/S CORP GROSS INCOME
total $42,350 · related or exempt $42,350
-
11c · Other revenue: MISCELLANEOUS
total -$618,812 · related or exempt -$618,812
-
11e · Other revenue, total
$1,373,015
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $676,224 · program services $519,563 · management and general $97,973 · fundraising $58,688
-
7 · Other salaries and wages
total $3,196,896 · program services $2,456,273 · management and general $463,170 · fundraising $277,453
-
8 · Pension plan contributions
total $152,379 · program services $101,347 · management and general $42,972 · fundraising $8,060
-
9 · Other employee benefits
total $319,982 · program services $263,029 · management and general $34,320 · fundraising $22,633
-
10 · Payroll taxes
total $286,421 · program services $223,790 · management and general $39,507 · fundraising $23,124
-
11a · Fees: management
total $98,230 · program services $51,184 · management and general $42,968 · fundraising $4,078
-
11b · Fees: legal
total $4,561 · program services $4,561
-
11g · Fees: other
total $590,089 · program services $532,386 · management and general $47,985 · fundraising $9,718
-
12 · Advertising and promotion
total $1,643 · program services $1,258 · fundraising $385
-
13 · Office expenses
total $21,673 · program services $6,200 · management and general $12,832 · fundraising $2,641
-
16 · Occupancy
total $150,109 · program services $100,465 · management and general $46,006 · fundraising $3,638
-
17 · Travel
total $6,612 · program services $3,047 · management and general $3,560 · fundraising $5
-
19 · Conferences, conventions and meetings
total $110,159 · program services $75,995 · management and general $31,725 · fundraising $2,439
-
20 · Interest
total $93,125 · program services $93,125
-
22 · Depreciation, depletion and amortization
total $70,731 · program services $54,870 · management and general $15,861
-
23 · Insurance
total $15,358 · program services $3,308 · management and general $12,050
-
24a · Other expenses: PROGRAM EXPENSES
total $939,873 · program services $937,229 · management and general $2,098 · fundraising $546
-
24b · Other expenses: MAINTENANCE AND REPAIR
total $129,958 · program services $71,950 · management and general $53,911 · fundraising $4,097
-
24c · Other expenses: TELEPHONE
total $41,718 · program services $27,360 · management and general $13,943 · fundraising $415
-
24d · Other expenses: DUES AND SUBSCRIPTIONS
total $34,504 · program services $19,758 · management and general $13,886 · fundraising $860
-
24e · All other expenses
total $59,283 · program services $15,826 · management and general $22,071 · fundraising $21,386
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $36 · end of year $36
-
2 · Savings and temporary cash investments
beginning of year $9,732,190 · end of year $10,409,998
-
3 · Pledges and grants receivable
beginning of year $608,227 · end of year $391,207
-
4 · Accounts receivable
beginning of year $5,185,676 · end of year $7,819,658
-
7 · Other notes and loans receivable
beginning of year $15,573,910 · end of year $15,659,176
-
9 · Prepaid expenses and deferred charges
beginning of year $21,837 · end of year $21,259
-
10a · Land, buildings and equipment: cost or other basis
$5,797,386
-
10b · Land, buildings and equipment: accumulated depreciation
$671,027
-
10c · Land, buildings and equipment, net
beginning of year $5,512,216 · end of year $5,126,359
-
15 · Other assets
beginning of year $9,863,842 · end of year $10,834,305
-
17 · Accounts payable and accrued expenses
beginning of year $276,343 · end of year $429,110
-
19 · Deferred revenue
beginning of year $5,569,590 · end of year $2,461,046
-
23 · Secured mortgages and notes payable
beginning of year $225,605 · end of year $214,615
-
24 · Unsecured notes and loans payable
beginning of year $11,689,166 · end of year $12,021,571
-
25 · Other liabilities
beginning of year $8,334 · end of year $8,334
-
27 · Net assets without donor restrictions
beginning of year $16,882,905 · end of year $19,781,398
-
28 · Net assets with donor restrictions
beginning of year $11,845,991 · end of year $15,345,924
Mission and programs · 2024
Mission
CREATE HOUSING AND COMMUNITY DEVELOPMENT OPPORTUNITIES FOR VERY LOW TO MODERATE INCOME FAMILIES AND INDIVIDUALS, TEACH FINANCIAL LITERACY AND MANAGEMENT, HOMEBUYING AND HOMEOWNERSHIP SKILLS, AND ADVOCATES FOR AFFORDABLE HOUSING POLICIES AND PROGRAMS.
-
TO ASSIST LOW INCOME INDIVIDUALS WITH AFFORDABLE HOUSING.
Expenses $5,562,524
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Roxanne Carter-JohnstonROXANNE CARTER-JOHNSTON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kelly EvansKELLY EVANS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Sarah McLeanSARAH MCLEAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Doug BierlyDOUG BIERLY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jay BartlowJAY BARTLOW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Art BowenART BOWEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Victoria CartwrightVICTORIA CARTWRIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anvel CoatesANVEL COATES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bessie JacksonBESSIE JACKSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Megan NedostupMEGAN NEDOSTUP
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shawn PendletonSHAWN PENDLETON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn RaineyCAROLYN RAINEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ezhar ZahidEZHAR ZAHID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sunshine MathonSUNSHINE MATHON
EXECUTIVE DI
- Total calculated
- $228,737
- From this org
- $228,737
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $228,737
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $228,737
-
Uvonna BrownUVONNA BROWN
DEPUTY DIREC
- Total calculated
- $162,516
- From this org
- $162,516
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,516
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $162,516
-
Jeanette Abi-NaderJEANETTE ABI-NADER
DEPUTY DIREC
- Total calculated
- $144,029
- From this org
- $144,029
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
William BushWILLIAM BUSH
CFO
- Total calculated
- $140,940
- From this org
- $140,940
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Luis OyolaLUIS OYOLA
DIRECTOR OF
- Total calculated
- $100,830
- From this org
- $100,830
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brooks WellmonBROOKS WELLMON
DIRECTOR OF
- Total calculated
- $145,333
- From this org
- $145,333
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
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.
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.
-
PHS LLC
LI HS DEV · VA · income $58,108 · assets $280,798
-
ROSE HILL DEVELOPMENT LLC
LI HS DEV · VA · income $33 · assets $8,294
-
MONTICELLO ROAD DEVELOPMENT LLC
LI HS DEV · VA · income $6,299 · assets $1,320
-
ALLIANCE MANAGEMENT LLC
LI HS DEV · VA · income $1,305,204 · assets $1,126,109
-
PHA PREMIER CIRCLE LLC
LI HS DEV · VA · income $11,508,351 · assets $49,133,849
-
PIEDMONT SOLAR KWP1 LLC
LI HS DEV · VA · assets $592,525
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
FC PHASE 1 MANAGING MEMBER LLC
C CORP · MGMT · VA
Directly controlled by NA
-
SOUTHWOOD BLOCK 11 MM LLC
C CORP · MGMT · VA
Directly controlled by NA
-
SOUTHWOOD BLOCK 12 MM LLC
C CORP · MGMT · VA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 1 May 2026
- IRS schema version
- 2024v5.0
- Source object
- 202611349349302061
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