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← AFFORDABLE HOUSING ALLIANCE MIDLAND COUNTY NON-PROFIT HOUSING CORP

Form 990 for tax year 2022

Filed by AFFORDABLE HOUSING ALLIANCE MIDLAND COUNTY NON-PROFIT HOUSING CORP.

Totals

Total revenue
$339,947
Total expenses
$449,376
Contributions and grants received
$0
Grants paid
$9,612
Program service revenue
$113,353
Investment income
$35,193
Other revenue
$191,401
Total assets, end of year
$4,349,802
Total liabilities, end of year
$932,764
Net assets or fund balances, end of year
$3,417,038
Program services expenses (Part IX)
$406,509
Management and general expenses
$42,867
Fundraising expenses
$0
Program service expenses (Part III)
$406,509

Program services were 90.5% 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.

  • 2a · Program service revenue: RENTAL

    total $113,353 · related or exempt $113,353

  • 3 · Investment income

    total $43,474 · excluded $43,474

  • 7a · Gross sales of assets other than inventory

    other assets $24,304

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

    other assets $32,585

  • 7c · Gain or loss

    other assets -$8,281

  • 7d · Net gain or loss

    total -$8,281 · excluded -$8,281

  • 11a · Other revenue: MAINTENANCE REIMBURSEMENTS

    total $86,300 · excluded $86,300

  • 11b · Other revenue: CLERICAL/ADMINISTRATION

    total $78,781 · excluded $78,781

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $26,320 · excluded $26,320

  • 11e · Other revenue, total

    $191,401

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $9,612 · program services $9,612

  • 5 · Compensation of officers, directors and key employees

    total $19,889 · program services $18,372 · management and general $1,517

  • 7 · Other salaries and wages

    total $133,953 · program services $123,732 · management and general $10,221

  • 10 · Payroll taxes

    total $11,654 · program services $10,765 · management and general $889

  • 11a · Fees: management

    total $23,315 · program services $17,915 · management and general $5,400

  • 11b · Fees: legal

    total -$603 · management and general -$603

  • 11c · Fees: accounting

    total $5,509 · management and general $5,509

  • 11g · Fees: other

    total $23,635 · program services $22,745 · management and general $890

  • 13 · Office expenses

    total $8,675 · management and general $8,675

  • 16 · Occupancy

    total $21,133 · program services $20,413 · management and general $720

  • 17 · Travel

    total $1,436 · program services $730 · management and general $706

  • 19 · Conferences, conventions and meetings

    total $175 · management and general $175

  • 22 · Depreciation, depletion and amortization

    total $64,752 · program services $64,752

  • 23 · Insurance

    total $16,709 · program services $16,469 · management and general $240

  • 24a · Other expenses: MORTGAGE EXPENSE

    total $63,947 · program services $63,947

  • 24b · Other expenses: MAINTENANCE

    total $37,057 · program services $37,057

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $5,625 · management and general $5,625

  • 24d · Other expenses: MISCELLANEOUS

    total $2,903 · management and general $2,903

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $74,007 · end of year $46,574

  • 2 · Savings and temporary cash investments

    beginning of year $623,236 · end of year $602,146

  • 4 · Accounts receivable

    beginning of year $246,297 · end of year $256,477

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

    $1,787,250

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

    $931,450

  • 10c · Land, buildings and equipment, net

    beginning of year $953,436 · end of year $855,800

  • 13 · Investments: program-related

    beginning of year $2,303,014 · end of year $2,280,282

  • 15 · Other assets

    beginning of year $288,509 · end of year $308,523

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,573 · end of year -$2,672

  • 19 · Deferred revenue

    beginning of year $926,250 · end of year $926,250

  • 25 · Other liabilities

    beginning of year $11,549 · end of year $9,186

  • 27 · Net assets without donor restrictions

    beginning of year $3,542,127 · end of year $3,417,038

Mission and programs · 2022

Mission

TO HELP THE COMMUNITY SECURE AND MAINTAIN SAFE, AFFORDABLE HOUSING IN MIDLAND COUNTY FOR THOSE IN THE LOW AND VERY LOW INCOME POPULATION.

  • DUPLEXES AND HOUSES OWNED BY THE ORGANIZATION ARE RENTED TO LOW INCOME INDIVIDUALS AND FAMILIES.

    Expenses $385,632 · Grants $9,612 · Revenue $113,353

  • DEVELOPMENT OF LOW INCOME HOUSING FOR RESIDENTS OF MIDLAND COUNTY.

    Expenses $20,877

As filed on the 2022 return.

Listed in Part VII

  • MARA STEWART

    EXECUTIVE DI

    Total calculated
    $19,899
    From this org
    $19,899
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • KATIE BRINKLOW

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NANCY BROWN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROBERT CORBETT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATE HAINES

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHELLEY HOBBS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • WALLY MAYTON III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • DAVID KEYSER

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JON MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • TRACY QUINLAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RYAN SMITH

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG WECKESSER

    BOARD MEMBER

    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.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323209349302842

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