Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $43,650

• 1f · All other contributions, gifts and grants

  $1,601,099

• 3 · Investment income

  total $1,058,342 · excluded $1,058,342

• 6a · Gross rents

  real property $61,688

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $61,688

• 6d · Net rental income or loss

  total $61,688 · excluded $61,688

• 8a · Fundraising events: gross income

  $420,483

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

  $43,650

• 8b · Fundraising events: direct expenses

  $95,755

• 8c · Net income from fundraising events

  total $324,728 · excluded $324,728

• 11a · Other revenue: REBATE

  total $2,602 · excluded $2,602

• 11e · Other revenue, total

  $2,602

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,015,727 · program services $3,015,727

• 11c · Fees: accounting

  total $19,747 · management and general $19,747

• 11g · Fees: other

  total $865 · management and general $865

• 12 · Advertising and promotion

  total $4,895 · management and general $4,895

• 13 · Office expenses

  total $20,206 · management and general $20,206

• 16 · Occupancy

  total $141 · management and general $141

• 22 · Depreciation, depletion and amortization

  total $70,130 · program services $70,130

• 24a · Other expenses: ACTIVITIES

  total $69,772 · program services $69,772

• 24b · Other expenses: ADMINISTRATIVE

  total $18,240 · management and general $18,240

• 24c · Other expenses: CONTRACTS

  total $1,545 · management and general $1,545

• 24d · Other expenses: SUPPLIES

  total $115 · management and general $115

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,248,899 · end of year $11,556,218

• 4 · Accounts receivable

  beginning of year $428,853 · end of year $344,992

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

  $1,258,795

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

  $1,003,630

• 10c · Land, buildings and equipment, net

  beginning of year $260,392 · end of year $255,165

• 11 · Investments: publicly traded securities

  beginning of year $267,626 · end of year $288,824

• 12 · Investments: other securities

  beginning of year $30,973,481 · end of year $28,896,557

• 15 · Other assets

  beginning of year $670,869 · end of year $1,169,627

• 17 · Accounts payable and accrued expenses

  beginning of year $51,679 · end of year $41,812

• 25 · Other liabilities

  beginning of year $18,191 · end of year $1,036,572

• 27 · Net assets without donor restrictions

  beginning of year $28,327,825 · end of year $29,980,574

• 28 · Net assets with donor restrictions

  beginning of year $11,452,425 · end of year $11,452,425

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Related partnerships

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

• PRENTIS I JSL LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

  LOW INCOME HOUSING · MI

• PRENTIS II JSL LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

  LOW INCOME HOUSING · MI

• TEITEL JSL LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

  LOW INCOME HOUSING · MI

• HECHTMAN I JSL LIMITED DIVIDEND HOUSING ASSOCIATION LIMITED PARTNERSHIP

  LOW INCOME HOUSING · MI

Related corporations and trusts

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

• PRENTIS I JSL LDHA GENERAL PARTNER

  C · GP OF PRENTIS I JSL LDHA LP · MI · controlled entity

• PRENTIS II JSL LDHA GENERAL PARTNER LLC

  C · GP OF PRENTIS II JSL LDHA LP · MI

• TEITEL JSL LDHA GENERAL PARTNER LLC

  C · GP OF TEITEL JSL LDHA LP · MI

• HECHTMAN I JSL LDHA GENERAL PARTNER LLC

  C · GP OF HECHTMAN I LDHA LP · MI