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← SUPPORTIVE HOUSING COMMUNITIES INC

Form 990 for tax year 2022

Filed by SUPPORTIVE HOUSING COMMUNITIES INC.

Totals

Total revenue
$3,817,864
Total expenses
$4,260,081
Contributions and grants received
$3,080,823
Grants paid
$0
Program service revenue
$785,430
Investment income
-$59,289
Other revenue
$10,900
Total assets, end of year
$6,008,079
Total liabilities, end of year
$4,005,164
Net assets or fund balances, end of year
$2,002,915
Program services expenses (Part IX)
$3,214,589
Management and general expenses
$563,141
Fundraising expenses
$482,351
Program service expenses (Part III)
$3,214,589

Program services were 75.5% 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.

  • 1c · Fundraising events

    $76,353

  • 1e · Government grants (contributions)

    $2,079,714

  • 1f · All other contributions, gifts and grants

    $924,756

  • 1g · Noncash contributions included above

    $165,713

  • 2a · Program service revenue: MCCREESH PLACE RENTS

    total $766,864 · related or exempt $766,864

  • 2b · Program service revenue: MISCELLANEOUS HOUSING

    total $18,566 · related or exempt $18,566

  • 3 · Investment income

    total $3,068 · excluded $3,068

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

    other assets $62,357

  • 7c · Gain or loss

    other assets -$62,357

  • 7d · Net gain or loss

    total -$62,357 · excluded -$62,357

  • 8a · Fundraising events: gross income

    $21,227

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

    $76,353

  • 8b · Fundraising events: direct expenses

    $25,835

  • 8c · Net income from fundraising events

    total -$4,608 · excluded -$4,608

  • 11a · Other revenue: INSURANCE PROCEEDS

    total $15,482 · excluded $15,482

  • 11b · Other revenue: MISCELLANEOUS

    total $26 · excluded $26

  • 11e · Other revenue, total

    $15,508

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,627,292 · program services $1,004,343 · management and general $250,280 · fundraising $372,669

  • 9 · Other employee benefits

    total $260,020 · program services $159,537 · management and general $45,640 · fundraising $54,843

  • 10 · Payroll taxes

    total $131,672 · program services $81,425 · management and general $23,262 · fundraising $26,985

  • 12 · Advertising and promotion

    total $12,155 · program services $11,022 · management and general $161 · fundraising $972

  • 13 · Office expenses

    total $413,369 · program services $192,884 · management and general $194,363 · fundraising $26,122

  • 20 · Interest

    total $3,242 · management and general $3,242

  • 22 · Depreciation, depletion and amortization

    total $205,559 · program services $198,480 · management and general $7,079

  • 23 · Insurance

    total $39,114 · management and general $39,114

  • 24a · Other expenses: SCATTERED SITE RENT

    total $918,691 · program services $918,691

  • 24b · Other expenses: RESIDENT SUPPORT

    total $299,509 · program services $299,509

  • 24c · Other expenses: UTILITIES

    total $195,216 · program services $195,216

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $130,135 · program services $130,071 · fundraising $64

  • 24e · All other expenses

    total $24,107 · program services $23,411 · fundraising $696

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $523,052 · end of year $143,127

  • 2 · Savings and temporary cash investments

    beginning of year $248,725 · end of year $165,778

  • 3 · Pledges and grants receivable

    beginning of year $17,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $182,112 · end of year $497,625

  • 9 · Prepaid expenses and deferred charges

    beginning of year $831 · end of year $8,260

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

    $5,131,280

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

    $1,540,191

  • 10c · Land, buildings and equipment, net

    beginning of year $3,674,227 · end of year $3,591,089

  • 15 · Other assets

    beginning of year $0 · end of year $1,602,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $241,889 · end of year $134,380

  • 19 · Deferred revenue

    beginning of year $0 · end of year $14,481

  • 23 · Secured mortgages and notes payable

    beginning of year $2,117,737 · end of year $2,178,013

  • 25 · Other liabilities

    beginning of year $33,525 · end of year $1,678,290

  • 27 · Net assets without donor restrictions

    beginning of year $1,334,119 · end of year $1,119,487

  • 28 · Net assets with donor restrictions

    beginning of year $918,677 · end of year $883,428

Mission and programs · 2022

Mission

SUPPORTIVE HOUSING COMMUNITIES PROVIDES AFFORDABLE HOUSING TO ALLEVIATE HOMELESSNESS AND HUMAN SUFFERING

Activities or mission (Part I)

SUPPORTIVE HOUSING COMMUNITIES, INC. PROVIDES AFFORDABLE HOUSING TO ALLEVIATE HOMELESSNESS AND HUMAN SUFFERING

  • SUPPORTIVE HOUSING COMMUNITIES(SHC) OWNS AND OPERATES TWO PERMANENT SUPPORTIVE HOUSING COMPLEXES: MCCREESH PLACE, A 90-UNIT SHARED SUBSTANCE-FREE COMMUNITY LIVING COMPLEX AND ST. JOHNS PLACE, AT 32-UNIT AFFORDABLE HOUSING APARTMENT COMPLEX. SHC ALSO HAS SCATTERED SITES RENTAL UNITS ACROSS THE CHARLOTTE METROPOLITAN AREA WHERE WE PROVIDE CASE MANAGEMENT ALONG WITH PERMANENT OR RAPID-REHOUSING PROGRAMS FOR CLIENTS LIVING IN VARIOUS NEIGHBORHOODS. WE DEVELOP AND OPERATE PERMANENT SUPPORTIVE HOUSING FOR MEN, WOMEN, AND FAMILIES OVERCOMING HOMELESSNESS, ESPECIALLY VETERANS AND THOSE WITH MENTAL ILLNESS, SUBSTANCE USE, AND MEDICAL OR OTHER DISABLING CONDITIONS. WE ASSIST OUR NEIGHBORS IN OBTAINING AND REMAINING IN HOUSING, ENCOURAGING THEM TO INCREASE SKILLS AND INCOME/EMPLOYMENT, FOSTERING SELF-SUFFICIENCY AND IMPROVING SELF-IMAGE AND SUPPORTING RECOVERY AND WELLNESS. DURING FY23, WE SERVED MORE THAN 430 HOUSEHOLDS.

    Expenses $3,214,589 · Revenue $785,430

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

Listed in Part VII

  • A Carter Arey

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Dennis Lacaria

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cookie Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ryan Borg

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sherreka Tharps

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Meaghann Dunlap

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Glowacki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Royce Wolfe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Wyatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Felecia Gardner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Leslie Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Ballew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Caldwell

    PRESIDENT

    Total calculated
    $173,314
    From this org
    $161,722
    From related orgs
    $0
    Other
    $11,592
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $149,800
    Bonus
    $11,922
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,592
    Filer's total
    $173,314

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202421249349301447

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