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Nonprofiteer
← LEVEL-EQUITY BUILDING INC

Form 990 for tax year 2022

Filed by LEVEL-EQUITY BUILDING INC.

Totals

Total revenue
$890,588
Total expenses
$59,781
Contributions and grants received
$890,588
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$830,827
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$830,827
Program services expenses (Part IX)
$8,597
Management and general expenses
$44,204
Fundraising expenses
$6,980
Program service expenses (Part III)
$8,597

Program services were 14.4% 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.

  • 1e · Government grants (contributions)

    $400,000

  • 1f · All other contributions, gifts and grants

    $490,588

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $12,208 · management and general $12,208

  • 12 · Advertising and promotion

    total $30,000 · management and general $30,000

  • 16 · Occupancy

    total $1,871 · management and general $1,871

  • 23 · Insurance

    total $7,684 · program services $7,684

  • 24a · Other expenses: SPECIAL EVENTS

    total $6,980 · fundraising $6,980

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $404 · program services $404

  • 24c · Other expenses: PROPERTY TAX

    total $359 · program services $359

  • 24d · Other expenses: CONTRACTED SERVICES

    total $150 · program services $150

  • 24e · All other expenses

    total $125 · management and general $125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $20 · end of year $368,537

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $4,096

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

    $75,341

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $75,341

  • 15 · Other assets

    beginning of year $0 · end of year $382,853

  • 27 · Net assets without donor restrictions

    beginning of year $20 · end of year $830,827

Mission and programs · 2022

Mission

LEVEL: EQUITY BUILDINGS (LEVEL) PROVIDES A HOLISTIC, SYSTEM-INNOVATING PROGRAM MODEL TO DEVELOP HOMEOWNERS, HOUSING STOCK, AND COMMUNITIES AT A PACE COMPLEMENTING EACH OTHER. WE BUILD ENTHUSIASM IN COMMUNITIES BY HOSTING EVENTS AND COMMUNITY ACTIVITIES, WITH ADVOCACY OPPORTUNITIES AROUND HOMEOWNERSHIP.

Activities or mission (Part I)

ACQUISITION AND REDEVELOPMENT OF BLIGHTED PROPERTIES IN AND THROUGHOUT THE COMMONWEALTH OF PA

  • REHAB FOR RESALE PROGRAM - WORKING WITH COMMUNITIES AND LOCAL MUNICIPALITIES, LEVEL WILL ACQUIRE, FUNDRAISE, AND FACILITATE CONSTRUCTION ACTIVITIES ON SINGLE AND MULTI-FAMILY HOUSING PROJECTS THAT CREATE HOME OWNERSHIP OPPORTUNITIES FOR RESIDENTS.

    Expenses $8,597

  • PRE AND POST PURCHASE EDUCATION. WORKING WITH COMMUNITY RESIDENTS AND PARTNER ORGANIZATIONS, LEVEL WILL IDENTIFY AND PROVIDE RESOURCES FOR PRE AND POST PURCHASE EDUCATION OF THE BUYER. PRE PURCHASE EDUCATION WILL PREPARE THE BUYER FOR HOMEOWNERSHIP, POST PURCHASE EDUCATION WILL ASSIST THE BUYER IN THE MAINTENANCE OF HOMEOWNERSHIP.

  • THESE PROGRAMS HAVE NOT BEEN IMPLEMENTED AT THIS TIME BUT THEY ARE ON THE HORIZON IN THE NEAR FUTURE AS THE ORGANIZATION BUILDS UP ITS OPERATIONS.FACADE IMPROVEMENT PROGRAM - WORKING WITH COMMUNITIES AND LOCAL MUNICIPALITIES, LEVEL WILL IDENTIFY EXISTING RESIDENTS IN NEED OF FACADE IMPROVEMENTS AND WOULD PROVIDE THOSE SERVICES FREE OF CHARGE TO QUALIFYING RESIDENTS.ROOF PROGRAM - WORKING WITH COMMUNITIES AND LOCAL MUNICIPALITIES, LEVEL WILL IDENTIFY EXISTING RESIDENTS IN NEED OF ROOF REPAIRS AND WOULD PROVIDE THOSE SERVICES FREE OF CHARGE TO QUALIFYING RESIDENTS. ADDITIONALLY, LEVEL WILL STABILIZE ROOFS ON ACQUIRED PROPERTIES THAT WILL BE REHABILITATED IN THE FUTURE.

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

Listed in Part VII

  • JASON TIGANO

    DIRECTOR & PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • ROBERT VESCIO

    DIRECTOR & TREASURER

    Total calculated
    $0
    Hours/week
    0

  • DAVID CALIGUIRI

    DIRECTOR & SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • SABRINA SAUNDERS MOSBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    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
13 November 2023
IRS schema version
2022v5.0
Source object
202323199349313902

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