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Nonprofiteer
← HAZELWOOD INITIATIVE INC

Form 990 for tax year 2023

Filed by HAZELWOOD INITIATIVE INC.

Totals

Total revenue
$2,782,271
Total expenses
$2,860,628
Contributions and grants received
$2,178,333
Grants paid
$405,680
Program service revenue
$839,913
Investment income
-$241,118
Other revenue
$5,143
Total assets, end of year
$14,173,808
Total liabilities, end of year
$5,031,931
Net assets or fund balances, end of year
$9,141,877
Program services expenses (Part IX)
$2,393,818
Management and general expenses
$426,072
Fundraising expenses
$40,738
Program service expenses (Part III)
$2,393,818

Program services were 83.7% 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.

  • 1c · Fundraising events

    $3,809

  • 1e · Government grants (contributions)

    $125,000

  • 1f · All other contributions, gifts and grants

    $2,049,524

  • 2a · Program service revenue: EXEMPT FUNCTION RENTAL INCOME

    total $773,996 · related or exempt $773,996

  • 2b · Program service revenue: CONSULTING FEES

    total $48,600 · related or exempt $48,600

  • 2c · Program service revenue: NEWSPAPER ADVERTISING

    total $17,317 · related or exempt $17,317

  • 3 · Investment income

    total $5,603 · excluded $5,603

  • 7a · Gross sales of assets other than inventory

    other assets $202,000

  • 7b · Less cost or other basis and sales expenses

    other assets $448,721

  • 7c · Gain or loss

    other assets -$246,721

  • 7d · Net gain or loss

    total -$246,721 · excluded -$246,721

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $3,809

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,143 · related or exempt $5,143

  • 11e · Other revenue, total

    $5,143

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $405,680 · program services $405,680

  • 5 · Compensation of officers, directors and key employees

    total $113,043 · program services $52,000 · management and general $50,881 · fundraising $10,162

  • 7 · Other salaries and wages

    total $285,671 · program services $131,409 · management and general $128,581 · fundraising $25,681

  • 8 · Pension plan contributions

    total $6,136 · program services $2,822 · management and general $2,761 · fundraising $553

  • 9 · Other employee benefits

    total $16,202 · program services $7,453 · management and general $7,291 · fundraising $1,458

  • 10 · Payroll taxes

    total $32,041 · program services $14,739 · management and general $14,418 · fundraising $2,884

  • 11a · Fees: management

    total $82,584 · program services $82,584

  • 11b · Fees: legal

    total $17,025 · management and general $17,025

  • 11c · Fees: accounting

    total $80,062 · management and general $80,062

  • 11g · Fees: other

    total $174,971 · program services $137,798 · management and general $37,173

  • 13 · Office expenses

    total $7,394 · management and general $7,394

  • 16 · Occupancy

    total $237,170 · program services $216,204 · management and general $20,966

  • 20 · Interest

    total $238,538 · program services $214,765 · management and general $23,773

  • 22 · Depreciation, depletion and amortization

    total $349,733 · program services $347,901 · management and general $1,832

  • 23 · Insurance

    total $223,743 · program services $211,767 · management and general $11,976

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $452,465 · program services $446,271 · management and general $6,194

  • 24b · Other expenses: BAD DEBTS

    total $40,675 · program services $40,675

  • 24c · Other expenses: COMMUNITY PROGRAMS

    total $32,077 · program services $32,077

  • 24d · Other expenses: NEWSPAPER

    total $24,189 · program services $23,137 · management and general $1,052

  • 24e · All other expenses

    total $41,229 · program services $26,536 · management and general $14,693

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,135,548 · end of year $609,609

  • 2 · Savings and temporary cash investments

    beginning of year $287,500

  • 3 · Pledges and grants receivable

    beginning of year $255,500 · end of year $448,604

  • 4 · Accounts receivable

    beginning of year $67,844 · end of year $39,573

  • 7 · Other notes and loans receivable

    end of year $157,245

  • 9 · Prepaid expenses and deferred charges

    beginning of year $96,630 · end of year $62,560

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

    $13,188,573

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

    $1,232,935

  • 10c · Land, buildings and equipment, net

    beginning of year $9,995,863 · end of year $11,955,638

  • 15 · Other assets

    beginning of year $2,322,767 · end of year $900,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,910 · end of year $203,535

  • 23 · Secured mortgages and notes payable

    beginning of year $4,912,943 · end of year $4,795,930

  • 25 · Other liabilities

    beginning of year $26,865 · end of year $32,466

  • 27 · Net assets without donor restrictions

    beginning of year $7,899,022 · end of year $8,666,495

  • 28 · Net assets with donor restrictions

    beginning of year $1,248,912 · end of year $475,382

Mission and programs · 2023

Mission

THE MISSION OF HAZELWOOD INITIATIVE IS BUILDING A STRONGER HAZELWOOD THROUGH INCLUSIVE COMMUNITY DEVELOPMENT.

  • REAL ESTATE DEVELOPMENT: HI REAL ESTATE FOCUSES ON BOTH AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT. THE GOALS OF OUR AFFORDABLE HOUSING PROGRAM ARE TO HELP EXISTING HOMEOWNERS STAY IN THEIR HOMES BY WORKING WITH THEM TO COMPLETE NEEDED DEFERRED MAINTENANCE ITEMS; TO HELP HAZELWOOD RENTERS TO BECOME HOMEOWNERS, AND TO FACILITATE THE PRESERVATION AND DEVELOPMENT OF AFFORDABLE RENTAL HOUSING. THE GOALS OF OUR COMMERCIAL DEVELOPMENT PROGRAM ARE TO ENSURE THE NEIGHBORHOOD BUSINESS DISTRICT BECOMES A WALKABLE, VIBRANT TOWN CENTER AS WELL AS TO SUPPORT THE GROWTH OF DEVELOPMENT OF 40 ENTREPRENEURS, SMALL BUSINESSES, & ORGANIZATIONS.

    Expenses $2,272,994 · Grants $405,680 · Revenue $773,996

  • ENGAGEMENT AND OUTREACH: HI PUBLISHES A MONTHLY COMMUNITY NEWSPAPER THAT IS DELIVERED TO APPROXIMATELY 10,000 HOUSEHOLDS IN AND AROUND THE HAZELWOOD NEIGHBORHOOD TO KEEP THE COMMUNITY INFORMED ABOUT COMMUNITY AND REGIONAL HAPPENINGS. HI ALSO OPERATES SMALL GRANTS PROGRAM TO SUPPORT NEIGHBORHOOD-BASED SMALL BUSINESSES AND ORGANIZATIONS AND LOW- & MODERATE-INCOME HOUSEHOLDS. ADDITIONALLY, HI PROVIDES REGULAR OPEN FORUMS FOR NEIGHBORS TO BUILD COMMUNITY, ADVOCATE FOR BETTER SERVICES, AND ENJOY COMMUNITY-BUILDING AND SOCIAL ACTIVITIES.

    Expenses $120,824 · Revenue $71,060

As filed on the 2023 return.

Listed in Part VII

  • Rena Halsel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Jourdan Hicks

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Amber Rooke

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Fran Bertonaschi

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Mikal Merlina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Gavin White

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Angelo Vaughn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Terri Shields

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • William Kulina

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kim Wynnyckyj

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Sonya Tilghman

    EXECUTIVE DIRECTOR

    Total calculated
    $113,044
    From this org
    $105,674
    From related orgs
    $0
    Other
    $7,370
    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.

Grants 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.

  • GLADSTONE COMMUNITY LLC

    REAL ESTATE · PA · income -$80,878 · assets $270,965

    Directly controlled by HAZELWOOD INITIATIVE INC

  • 4915 SECOND AVENUE LLC

    REAL ESTATE · PA · income -$114,871 · assets $1,660,597

    Directly controlled by HAZELWOOD INITIATIVE INC

  • 5034 SECOND AVENUE LLC

    REAL ESTATE · PA · income -$17,012 · assets $690,959

    Directly controlled by HAZELWOOD INITIATIVE INC

  • 5426 DYKE STREET ASSIOCATION LLC

    REAL ESTATE · PA · income -$7,493 · assets $656,266

    Directly controlled by HAZELWOOD INITIATIVE INC

  • HARPP LLC

    REAL ESTATE · PA · income -$457,550 · assets $6,534,355

    Directly controlled by HAZELWOOD INITIATIVE INC

Provenance

Return type
form_990
Tax year
2023
Filed
24 October 2024
IRS schema version
2023v5.1
Source object
202443179349300724

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