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Nonprofiteer
← HOME CONVERSIONS INC

Form 990 for tax year 2022

Filed by HOME CONVERSIONS INC.

Totals

Total revenue
$0
Total expenses
$51,415
Contributions and grants received
$0
Grants paid
$51,415
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,707
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$2,707
Program services expenses (Part IX)
$51,415
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$51,415

Program services were 100.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $51,415 · program services $51,415

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,415

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

    $2,707

  • 10c · Land, buildings and equipment, net

    beginning of year $2,707 · end of year $2,707

  • 27 · Net assets without donor restrictions

    beginning of year $54,122 · end of year $2,707

Mission and programs · 2022

Mission

PROVIDE LOW INCOME HOUSING.

Activities or mission (Part I)

PROVIDE LOW INCOME HOUSING

  • PROVIDE LOW INCOME HOUSING.

    Expenses $51,415 · Grants $51,415

As filed on the 2022 return.

Listed in Part VII

  • BRETT GERBER

    PRESIDENT/CEO

    Total calculated
    $580,678
    From this org
    $0
    From related orgs
    $444,686
    Other
    $135,992
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $326,208 related
    Bonus
    $0 + $93,763 related
    Other
    $0 + $24,715 related
    Deferred
    $0 + $108,550 related
    Nontaxable benefits
    $0 + $27,442 related
    Filer's total
    $0 + $580,678 related

  • TERRA PAWLIUK-MCGIFFIN

    SECRETARY/TREASURER

    Total calculated
    $148,417
    From this org
    $0
    From related orgs
    $112,592
    Other
    $35,825
    Hours/week
    1 + 40 related

  • CAROLINE LOYAS

    DIRECTOR

    Total calculated
    $133,580
    From this org
    $0
    From related orgs
    $105,602
    Other
    $27,978
    Hours/week
    1 + 40 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. IMPACT SEVEN, INC. USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -WRITTEN EMPLOYMENT CONTRACT, AND -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
BRETT GERBER PARTICIPATED IN A SECTION 457(F) BENEFIT PLAN. NO AMOUNTS WERE PAID UNDER THE PLAN DURING THE YEAR.
PART II:
THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. THE ORGANIZATION HAS ITS OWN PROPERTY BUT NOT ITS OWN EMPLOYEES. IMPACT SEVEN, INC. CHARGES THE ORGANIZATION FOR ITS USE OF ITS EMPLOYEES SO THAT MANAGEMENT AND BOOKKEEPING FUNCTIONS CAN BE CARRIED OUT.

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

  • IMPACT SEVEN INC

    $51,415

    TO BENEFIT THE COMMUNITIES BY PROVIDING LOW INCOME HOUSING AND SERVICES

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
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349328003

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