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Nonprofiteer
← KERN AFFORDABLE HOUSING INC

Form 990 for tax year 2022

Filed by KERN AFFORDABLE HOUSING INC.

Totals

Total revenue
$171,072
Total expenses
$137,481
Contributions and grants received
$114,221
Grants paid
$0
Program service revenue
$53,944
Investment income
$446
Other revenue
$2,461
Total assets, end of year
$286,714
Total liabilities, end of year
$367,652
Net assets or fund balances, end of year
-$80,938
Program services expenses (Part IX)
$137,208
Management and general expenses
$273
Fundraising expenses
$0
Program service expenses (Part III)
$137,208

Program services were 99.8% 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)

    $114,221

  • 2a · Program service revenue: DWELLING RENTS

    total $53,944 · related or exempt $53,944

  • 3 · Investment income

    total $446 · excluded $446

  • 11a · Other revenue: LAUNDRY & VENDING

    total $2,461 · related or exempt $2,461

  • 11e · Other revenue, total

    $2,461

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $24,888 · program services $24,888

  • 11a · Fees: management

    total $10,560 · program services $10,560

  • 11b · Fees: legal

    total $168 · program services $168

  • 11c · Fees: accounting

    total $5,340 · program services $5,073 · management and general $267

  • 20 · Interest

    total $6,240 · program services $6,240

  • 22 · Depreciation, depletion and amortization

    total $20,195 · program services $20,195

  • 23 · Insurance

    total $10,726 · program services $10,726

  • 24a · Other expenses: UTILITIES

    total $27,818 · program services $27,818

  • 24b · Other expenses: MAINTENANCE

    total $21,971 · program services $21,971

  • 24c · Other expenses: ADMINISTRATIVE

    total $9,457 · program services $9,457

  • 24d · Other expenses: TELEPHONE

    total $118 · program services $112 · management and general $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,453 · end of year $90,165

  • 2 · Savings and temporary cash investments

    beginning of year $41,108 · end of year $52,122

  • 4 · Accounts receivable

    beginning of year $11,128 · end of year $17,041

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

    $610,141

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

    $503,630

  • 10c · Land, buildings and equipment, net

    beginning of year $105,907 · end of year $106,511

  • 15 · Other assets

    beginning of year $39,924 · end of year $20,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,883 · end of year $39

  • 23 · Secured mortgages and notes payable

    beginning of year $208,000 · end of year $208,000

  • 25 · Other liabilities

    beginning of year $184,166 · end of year $159,613

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$114,529 · end of year -$80,938

Mission and programs · 2022

Mission

PROVIDE LOW INCOME HOUSING

  • LOW RENT HOUSING-PROVIDED UNDER SECTION 236 OF THE NATIONAL HOUSING ACT AND SECTION 8 OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $137,208 · Revenue $56,405

As filed on the 2022 return.

Listed in Part VII

  • Randy Coats

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Fred Haas

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Frances Mitchell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Johns

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Angelica Ortiz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Max Bacerra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachel Twilley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diana Elliott

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2022
Filed
11 September 2023
IRS schema version
2022v5.0
Source object
202312569349300726

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