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Nonprofiteer
← RESIDENT RESOURCES NETWORK INC

Form 990 for tax year 2022

Filed by RESIDENT RESOURCES NETWORK INC.

Totals

Total revenue
$3,366,691
Total expenses
$886,956
Contributions and grants received
$394,086
Grants paid
$0
Program service revenue
$2,841,589
Investment income
$128,616
Other revenue
$2,400
Total assets, end of year
$14,127,854
Total liabilities, end of year
$8,454,011
Net assets or fund balances, end of year
$5,673,843
Program services expenses (Part IX)
$814,532
Management and general expenses
$68,254
Fundraising expenses
$4,170
Program service expenses (Part III)
$814,532

Program services were 91.8% 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.

  • 1a · Federated campaigns

    $75,000

  • 1f · All other contributions, gifts and grants

    $319,086

  • 2a · Program service revenue: DEVELOPMENT FEE INCOME

    total $2,574,137 · related or exempt $2,574,137

  • 2b · Program service revenue: SERVICE FEE INCOME

    total $267,452 · related or exempt $267,452

  • 3 · Investment income

    total $128,616 · excluded $128,616

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $2,400 · related or exempt $2,400

  • 11e · Other revenue, total

    $2,400

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $105,991 · program services $105,991

  • 7 · Other salaries and wages

    total $153,648 · program services $106,913 · management and general $44,139 · fundraising $2,596

  • 9 · Other employee benefits

    total $31,922 · program services $26,176 · management and general $5,427 · fundraising $319

  • 10 · Payroll taxes

    total $48,027 · program services $39,382 · management and general $8,165 · fundraising $480

  • 11b · Fees: legal

    total $11,522 · program services $11,522

  • 11c · Fees: accounting

    total $4,825 · management and general $4,825

  • 11g · Fees: other

    total $11,595 · program services $11,595

  • 12 · Advertising and promotion

    total $3,649 · program services $1,996 · management and general $900 · fundraising $753

  • 13 · Office expenses

    total $2,182 · program services $1,790 · management and general $370 · fundraising $22

  • 16 · Occupancy

    total $74,517 · program services $74,517

  • 17 · Travel

    total $297 · program services $297

  • 19 · Conferences, conventions and meetings

    total $4,428 · management and general $4,428

  • 20 · Interest

    total $128,586 · program services $128,586

  • 24a · Other expenses: SERVICE COORDINATOR

    total $217,261 · program services $217,261

  • 24b · Other expenses: FLOW THROUGH INVESTMENT

    total $88,506 · program services $88,506

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $567,100 · end of year $516,391

  • 4 · Accounts receivable

    beginning of year $7,595 · end of year $8,219,760

  • 7 · Other notes and loans receivable

    beginning of year $6,504,495 · end of year $310,453

  • 13 · Investments: program-related

    beginning of year $2,295,796 · end of year $5,081,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,383 · end of year $8,143,558

  • 23 · Secured mortgages and notes payable

    beginning of year $6,504,495 · end of year $310,453

  • 27 · Net assets without donor restrictions

    beginning of year $2,819,108 · end of year $5,673,843

Mission and programs · 2022

Mission

RESIDENT RESOURCES NETWORK, INC. AIMS TO BECOME THE REGIONAL LEADER IN BREAKING THE CYCLE OF GENERATIONAL POVERTY WITHIN THE AFFORDABLE HOUSING COMMUNITIES WE SERVE. WE ACHIEVE THIS BY BEING A RESOURCE NETWORK FOR RESIDENTS WHO ARE IN NEED OF SUPPORTIVE SERVICES (I.E. EDUCATION, EMPLOYMENT, HEALTH, ETC.) AND BY PROVIDING A SAFE ENVIRONMENT.

Activities or mission (Part I)

TO BREAK THE CYCLE OF GENERATIONAL POVERTY BY ENHANCING THE LIVES OF RESIDENTS WE SERVE.

  • PROVIDING RESOURCE SERVICE AND ASSISTANCE FOR THE ELDERLY, ECONOMICALLY DISADVANTAGED, HANDICAPPED AND SOCIALLY CHALLENGED IN THE AREAS OF EMPLOYMENT, EDUCATION, SAFETY AND FAMILY AND INDIVIDUAL HEALTH.

    Expenses $575,984 · Revenue $269,852

  • TO PURCHASE, DEVELOP, LEASE, FINANCE, OWN AND SELL REAL PROPERTY OR INTERESTS IN REAL PROPERTY IN ORDER TO FOSTER LOW INCOME HOUSING AND OTHER HOUSING FROM THE ELDERLY, ECONOMICALLY DISADVANTAGED, HANDICAPPED OR OTHERWISE PHYSICALLY, MENTALLY OR SOCIALLY CHALLENGED.

    Expenses $160,614 · Revenue $2,574,137

  • OTHER PROGRAM

    Expenses $77,934

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

Listed in Part VII

  • MARY PATTON

    SR. VICE PRESIDENT - NON - VOTING

    Total calculated
    $0
    Hours/week
    2.5

  • ITZIA JOHNSON

    COMMUNITY LENDING ADVISOR

    Total calculated
    $0
    Hours/week
    2.5

  • KAMRAN ALI

    VP OF TRANSMISSION & TELECOMMUNICATION PLANNING

    Total calculated
    $0
    Hours/week
    2.5

  • ALLYSON CROXTON

    BOARD FELLOW - NON - VOTING

    Total calculated
    $0
    Hours/week
    2.5

  • AMY DRISCOLL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    2.5

  • MATTHEW LEDER

    BOARD FELLOW - NON - VOTING

    Total calculated
    $0
    Hours/week
    2.5

  • RAMONA WHEELER

    MANAGING DIRECTOR

    Total calculated
    $0
    Hours/week
    2.5

  • BILL HINGA

    SENIOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5

  • MARILYN STRIBLING

    RESIDENT - NON-VOTING

    Total calculated
    $0
    Hours/week
    2.5

  • MARIA BHEN

    RESIDENT - NON-VOTING

    Total calculated
    $0
    Hours/week
    2.5

  • L SHON BURCH

    EXECUTIVE DIRECTOR - NON - VOTING

    Total calculated
    $139,588
    From this org
    $105,991
    From related orgs
    $0
    Other
    $33,597
    Hours/week
    40

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • RRN CAMBRIDGE COMMONS LLC

    LOW INCOME RENTAL REAL ESTATE · OH · income $188,631 · assets $90,704

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN DOVES MANOR LLC

    LOW INCOME RENTAL REAL ESTATE · OH · income $0 · assets $0

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN NATIVITY HOMES LLC

    LOW INCOME RENTAL REAL ESTATE · OH · income -$118,229 · assets $1,384,948

    Directly controlled by RESIDENT RESOURCES NETWORK INC

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.

  • RRN BATAVIA VILLAGE LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$11 · share of assets $132,264

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN CAMBRIDGE VILLAGE LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$127 · share of assets $549,907

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN CHADWICK PLACE LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$120 · share of assets $432,370

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN GLEN MEADOWS LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$1,168 · share of assets $3,855,030

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN LIMA APARTMENTS LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$106 · share of assets $639,420

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN UNION SQUARE LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$157 · share of assets $250,808

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN ECO VILLAGE LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 75% owned · share of income -$81 · share of assets $660,845

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN SUMMERGROVE APARTMENTS LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of assets $1,314,987

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN DELAWARE VILLAGE APARTMENTS LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$153 · share of assets $632,400

    Directly controlled by RESIDENT RESOURCES NETWORK INC

  • RRN RONEZ MANOR LLC

    C · INVESTMENT RENTAL REAL ESTATE · OH · 100% owned · share of income -$52 · share of assets $8,983,418

    Directly controlled by RESIDENT RESOURCES NETWORK INC

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202313129349300206

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