HOUSING CHANNEL: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- HOUSING CHANNEL (EIN 75-2399903)
- Tax period
- 2021-10-01 to 2022-09-30
- Filed
- 2023-07-20
- IRS object ID
- 202312019349301326
- Schema version
- 2021v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-07-20T16:38:05-07:00 | ReturnTs |
| Tax Period End | 2022-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 752593210 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Sutton Frost Cary LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 Six Flags Dr Suite 600 | AddressLine1Txt |
| City | Arlington | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 752399903 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOUSING CHANNEL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HOUS | BusinessNameControlTxt |
| Phone | 8179245091 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 AIRPORT FWY | AddressLine1Txt |
| City | FORT WORTH | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76111 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DONNA VANNESS | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2023-07-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | DONNA | PersonFirstNm |
| Person Last | VANNESS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Carroll Elizabeth Arnott | PreparerPersonNm |
| PTIN | P01965628 | PTIN |
| Phone | 8176498083 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | DONNA VANNESS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 AIRPORT FWY | AddressLine1Txt |
| City | FORT WORTH | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76111 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $50,684,539 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.HOUSINGCHANNEL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1991 | FormationYr |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Activity Or Mission | Revitalize distressed neighborhoods in Tarrant County and throughout Texas communities in need and increase the amounts of decent, affordable housing available to lower income families and individuals with special needs. | ActivityOrMissionDesc |
| Voting Members Governing Body | 13 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 13 | VotingMembersIndependentCnt |
| Total Employee | 16 | TotalEmployeeCnt |
| Total Volunteers | 25 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| PY Contributions Grants | $2,226,333 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,904,996 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $6,151,733 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $5,152,127 | CYProgramServiceRevenueAmt |
| PY Investment Income | $17,238 | PYInvestmentIncomeAmt |
| CY Investment Income | $29,731,776 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,298,650 | PYOtherRevenueAmt |
| CY Other Revenue | $747,979 | CYOtherRevenueAmt |
| PY Total Revenue | $9,693,954 | PYTotalRevenueAmt |
| CY Total Revenue | $38,536,878 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,773,134 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,692,349 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,228,121 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,475,083 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $23,625 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,157,396 | PYOtherExpensesAmt |
| CY Other Expenses | $3,570,193 | CYOtherExpensesAmt |
| PY Total Expenses | $6,158,651 | PYTotalExpensesAmt |
| CY Total Expenses | $6,737,625 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,535,303 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $31,799,253 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $32,383,892 | TotalAssetsBOYAmt |
| Total Assets EOY | $58,489,879 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,387,698 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $18,177,006 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,996,194 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $40,312,873 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | Revitalize distressed neighborhoods in Tarrant County and throughout Texas communities in need and increase the amounts of decent, affordable housing available to lower income families and individuals with special needs. | MissionDesc |
| Significant New Program Srvc | Yes (true) | SignificantNewProgramSrvcInd |
| Significant Change | Yes (true) | SignificantChangeInd |
| Expense | $6,041,784 | ExpenseAmt |
| Grant | $1,692,349 | GrantAmt |
| Revenue | $10,783,067 | RevenueAmt |
| Desc | Acquisition/Rehabilitation/Resale (Housing Rehab): The purpose of Housing Channels Housing Rehab program is to renovate dilapidated housing stock, improve the overall viability of local neighborhoods, and create quality, affordable housing opportunities for low to moderate income families. This program impacts local redevelopment efforts by providing the community with stabilized property values and decreased renter-occupied housing to promote the revitalization of distressed neighborhoods. Additionally, these efforts impact the broader community by decreasing neighborhood crime, generating tax revenue, creating jobs, and eliminating blight, which furthers the sustainability of older neighborhoods and deteriorating urban areas. As a HUD approved affordable housing provider, HC has been able to acquire, rehabilitate and resell hundreds of units throughout Tarrant County and North Texas in an effort to preserve existing housing stock.New Construction: HC partners with local stakeholders to assist their efforts on the revitalization of some of the cities' oldest urban, inner-city neighborhoods through infill development of new single family homes to create affordable housing opportunities for lower income households. To help ensure long term sustainability for the homebuyer, HC utilizes pioneering green building techniques to generate greatly reduced utility bills, increase air quality and provide healthier indoor atmosphere, and lower the effect to the environment. The impact of these projects have resulted in the increase in job creation; decrease of vacant, blighted infill lots; the stabilization of property values in target neighborhoods; an increase in the supply of affordable housing; and a positive impact on local revitalization efforts as it prevents further neighborhood decline. Affordable Rental: HC owns and professionally manages 240 multifamily units throughout Tarrant County. Units are leased at affordable rents primarily to very low- and low-income households. Many tenants are single-parents, struggling to find a safe, affordable, and pleasant environment for their children. HC takes great pride in maintaining these properties at high quality standards. As quality, affordable rental units are in high demand due to tighter mortgage qualification requirements, and low vacancy rates, tenants are encouraged to take advantage of free budget and credit counseling services offered at HC to move toward an opportunity for improved credit and homeownership opportunities. | Desc |
| Total Program Service Expenses | $6,041,784 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | Yes (true) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (true) | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | Yes (true) | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 345 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 16 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Form8282 Filed | 0 | Form8282FiledCnt |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 13 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 13 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (true) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (true) | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JILL CARTWRIGHT | PersonNm |
| Phone | 8179245091 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 AIRPORT FWY | AddressLine1Txt |
| City | FORT WORTH | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76111 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| DONNA VANNESS | |||||||
| President | 40.00 | 0.00 | Yes (X) | $154,783 | $0 | $14,660 | |
| COURTNEY GARNER LEWIS | |||||||
| Chairman | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| ANTHONY CHANDLER | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| JOHN VALLANCE | |||||||
| Treasurer | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| CHRISTOPHER BRIM | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| KEN ADAIR | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| REGINALD MCCANTS | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| GREER CHRISTIAN | |||||||
| Secretary | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| STEPHEN RANDY TURNER | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| JEROME JOHNSON | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| JOEL BURNS | |||||||
| VICE CHAIR | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| MONICA VASQUEZ | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| STACY MARSHALL | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| BRANDY O'QUINN | |||||||
| Director | 3.00 | 0.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $154,783 | TotalReportableCompFromOrgAmt |
| Total Other Compensation | $14,660 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BUILDERS FIRSTSOURCE | |||||
| 6031 CONNECTIN DR 400 | IRVING | TX | 75039 | BUILDING MATERIALS | $858,513 |
| MKG HOMES INC | |||||
| 6749 BENNETT LAWSON RD | MANSFIELD | TX | 76063 | CONSTRUCTION | $765,266 |
| MAC SOUTH FOREST PRODUCTS | |||||
| 1250 REVOLUTION MILL DR 244 | GREENSBORO | NC | 27405 | BUILDING MATERIALS | $462,846 |
| STEWARD CONCRETE LLC | |||||
| 2832 INNISWOOD CIR | ARLINGTON | TX | 76015 | CONCRETE | $310,748 |
| SYB CONSTRUCTION | |||||
| 421 COMPTON AVE | IRVING | TX | 75061 | GENERAL CONTRACTOR | $213,911 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 6 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $2,779,341 | GovernmentGrantsAmt |
| All Other Contributions | $125,655 | AllOtherContributionsAmt |
| Total Contributions | $2,904,996 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| DEVELOPER FEES | 531390 | $438,757 | $438,757 |
| MANAGEMENT FEES | 541200 | $347,270 | $347,270 |
| PROCESSING FEES | 531390 | $244,362 | $244,362 |
| RENTAL INCOME | 531110 | $4,121,738 | $4,121,738 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $5,152,127 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $361,755 | TotalRevenueColumnAmt |
| Exclusion | $361,755 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $6,763,250 | SecuritiesAmt |
| Other | $29,859,039 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,252,268 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$489,018 | SecuritiesAmt |
| Other | $29,859,039 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $29,370,021 | TotalRevenueColumnAmt |
| Exclusion | $29,370,021 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $5,630,940 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $4,895,393 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $735,547 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $735,547 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $12,432 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $12,432 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $12,432 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $38,536,878 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $5,900,106 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $29,731,776 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,692,349 | TotalAmt |
| Program Services | $1,692,349 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $169,443 | TotalAmt |
| Program Services | $118,610 | ProgramServicesAmt |
| Management And General | $47,956 | ManagementAndGeneralAmt |
| Fundraising | $2,877 | FundraisingAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,133,298 | TotalAmt |
| Program Services | $879,905 | ProgramServicesAmt |
| Management And General | $235,391 | ManagementAndGeneralAmt |
| Fundraising | $18,002 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,675 | TotalAmt |
| Program Services | $2,335 | ProgramServicesAmt |
| Management And General | $301 | ManagementAndGeneralAmt |
| Fundraising | $39 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $118,936 | TotalAmt |
| Program Services | $91,955 | ProgramServicesAmt |
| Management And General | $25,087 | ManagementAndGeneralAmt |
| Fundraising | $1,894 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,731 | TotalAmt |
| Program Services | $38,922 | ProgramServicesAmt |
| Management And General | $10,996 | ManagementAndGeneralAmt |
| Fundraising | $813 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $41,089 | TotalAmt |
| Program Services | $24,653 | ProgramServicesAmt |
| Management And General | $16,436 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $35,000 | TotalAmt |
| Management And General | $35,000 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $104,213 | TotalAmt |
| Management And General | $104,213 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $78,923 | TotalAmt |
| Program Services | $69,389 | ProgramServicesAmt |
| Management And General | $9,534 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,901 | TotalAmt |
| Program Services | $8,713 | ProgramServicesAmt |
| Management And General | $1,188 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,981 | TotalAmt |
| Program Services | $46,169 | ProgramServicesAmt |
| Management And General | $5,812 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $742,697 | TotalAmt |
| Program Services | $739,737 | ProgramServicesAmt |
| Management And General | $2,960 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,389 | TotalAmt |
| Program Services | $22,316 | ProgramServicesAmt |
| Management And General | $73 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $342,079 | TotalAmt |
| Program Services | $342,079 | ProgramServicesAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $826,412 | TotalAmt |
| Program Services | $738,349 | ProgramServicesAmt |
| Management And General | $88,063 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $266,830 | TotalAmt |
| Program Services | $235,966 | ProgramServicesAmt |
| Management And General | $30,864 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| CLOSING COSTS/BROKER'S FEES | $718,328 | $718,328 | |
| PROPERTY TAXES | $257,315 | $257,315 | |
| MISCELLANEOUS | $59,953 | $7,194 | $52,759 |
| DUES & SUBSCRIPTIONS | $13,083 | $7,500 | $5,583 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,737,625 | TotalAmt |
| Program Services | $6,041,784 | ProgramServicesAmt |
| Management And General | $672,216 | ManagementAndGeneralAmt |
| Fundraising | $23,625 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,071,726 | BOYAmt |
| EOY | $9,982,058 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $920,847 | BOYAmt |
| EOY | $61,953 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110,980 | BOYAmt |
| EOY | $6,688 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,900 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,150,643 | BOYAmt |
| EOY | $4,756,734 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $155,859 | BOYAmt |
| EOY | $245,163 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $16,010,419 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $5,510,072 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,062,070 | BOYAmt |
| EOY | $10,500,347 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $24,223,728 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,537 | BOYAmt |
| EOY | $22,746 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,879,330 | BOYAmt |
| EOY | $8,690,462 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,383,892 | BOYAmt |
| EOY | $58,489,879 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $414,556 | BOYAmt |
| EOY | $414,428 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $264,723 | BOYAmt |
| EOY | $210,452 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,593,540 | BOYAmt |
| EOY | $17,487,616 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,879 | BOYAmt |
| EOY | $64,510 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,387,698 | BOYAmt |
| EOY | $18,177,006 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,927,694 | BOYAmt |
| EOY | $40,312,873 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,500 | BOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,996,194 | BOYAmt |
| EOY | $40,312,873 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $32,383,892 | BOYAmt |
| EOY | $58,489,879 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $31,799,253 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$4,482,574 | NetUnrlzdGainsLossesInvstAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (true) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (true) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,281,191 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,633,721 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $767,279 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,226,333 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,904,996 | CurrentTaxYearAmt |
| Total | $11,813,520 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,281,191 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,633,721 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $767,279 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,226,333 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,904,996 | CurrentTaxYearAmt |
| Total | $11,813,520 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $11,813,520 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $361,755 | CurrentTaxYearAmt |
| Total | $361,755 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $12,432 | CurrentTaxYearAmt |
| Total | $12,432 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $12,187,707 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $32,629,305 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.96930 | PublicSupportCY170Pct |
| Public Support PY170 | 0.99910 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | false | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | false | InclEscrowCustodialAcctLiabInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $780,758 | OtherCostOrOtherBasisAmt |
| Book Value | $780,758 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,325,286 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,173,932 | DepreciationAmt |
| Book Value | $5,151,354 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,822,767 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,290,974 | DepreciationAmt |
| Book Value | $4,531,793 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $37,916 | OtherCostOrOtherBasisAmt |
| Depreciation | $31,603 | DepreciationAmt |
| Book Value | $6,313 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $43,692 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,563 | DepreciationAmt |
| Book Value | $30,129 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $10,500,347 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| iNVESTMENT IN NMTC | $8,192,998 |
| NMTC CLOSING COST, NET | $493,672 |
| OTHER ASSETS | $3,792 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $8,690,462 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | SECURITY DEPOSITS | Desc |
| Amt | $64,510 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $64,510 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $38,845,484 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$4,482,574 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $4,895,393 | OtherRevenueAmt |
| Revenue Not Reported | $412,819 | RevenueNotReportedAmt |
| Revenue Subtotal | $38,432,665 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $104,213 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $104,213 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $38,536,878 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $11,528,805 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $4,895,393 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $4,895,393 | ExpensesNotReportedAmt |
| Expenses Subtotal | $6,633,412 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $104,213 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $104,213 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $6,737,625 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part X : FIN48 Footnote | HOUSING CHANNEL is exempt from federal income taxes under section 501(c)(3) of the IRC and has not been classified as a private foundation as defined in the IRC. Income generated from activities unrelated to the Organizations exempt purposes is subject to tax under IRC Section 511. The Organization had no unrelated business income for the year ended September 30, 2022. Accordingly, no provision has been made for federal income tax in the accompanying consolidated financial statements. Single member limited liability companies are disregarded as an entity separate from its owner. GAAP requires the evaluation of tax positions taken in the course of preparing the Organizations tax returns and recognition of a tax liability (or asset) if the Organization has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of September 30, 2022, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the consolidated financial statements. |
| Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 | COST OF HOMES SOLD $4895393 |
| Part XII, Line 2d: Other expenses and losses per audited F/S | COST OF HOMES SOLD $4895393 |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
| Total501c3 Org | 0 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | CLIENT RENTAL ASSISTANCE | GrantTypeTxt |
| Recipient | 3270 | RecipientCnt |
| Cash Grant | $1,692,349 | CashGrantAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DONNA VANNESS | PersonNm |
| Title | President | TitleTxt |
| Base Compensation Filing Org | $140,000 | BaseCompensationFilingOrgAmt |
| Bonus Filing Organization | $14,783 | BonusFilingOrganizationAmount |
| Deferred Compensation Flng Org | $4,200 | DeferredCompensationFlngOrgAmt |
| Nontaxable Benefits Filing Org | $10,460 | NontaxableBenefitsFilingOrgAmt |
| Total Compensation Filing Org | $169,443 | TotalCompensationFilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, Line 2: New Services | Housing Channel resumed the Hard Hats for Heroes program (post COVID) to provide housing rehabilitation for disabled, low income veterans. To address the continuing housing affordability crisis, a new small scale building model was established in partnership with the University of Texas at Arlington College of Architecture Planning & Public Administration. The homes are one-bedroom cottages under 600 square feet. A minimum of 12 cottage homes will be built on less than one acre in the city. Housing Channel is in the process of establishing the Housing Channel Foundation. |
| Form 990, Part III, Line 3: Ceased Conducting or Significant Changes To Services | Post COVID-19, Housing Channel concluded the emergency rental and mortgage assistance programs by the end of the calendar year. Housing Channel sold all 47 new townhome units in the Bel Air on Abram neighborhood revitalization project. Housing Channel has served as the nonprofit partner for six LIHTC multifamily rental projects throughout the state and the primary ownership entities sold all the assets ending the partnership. |
| Form 990, Part VI, Line 11b: Form 990 Review Process | THE 990 IS PROVIDED BOTH TO THE FINANCE COMMITTEE AND BOARD PRIOR TO FILING. WHERE PRACTICAL, THE 990 IS PRESENTED DURING THE REGULARLY SCHEDULED MEETING. IF NOT, IT IS SENT ELECTRONICALLY FOR REVIEW, QUESTIONS, AND DISCUSSION. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Monitoring and Compliance Procedures for Conflict of Interest Policy: HC's conflict of interest policy is designed to help directors, officers, employees and volunteers of the Housing Channel, Inc. identify situations that present potential conflicts of interest and to provide Housing Channel, Inc. with a procedure to appropriately manage conflicts in accordance with legal requirements and the goals of accountability and transparency in Housing Channel, Inc. operations.Monitoring Procedures: Housing Channel has arranged for the supervision and/or functional segregation of each director, officer, employee and volunteer and/or performance of carrying out organizational activities where the interests of each director, officer, employee and volunteer and Housing Channels interests may conflict. These steps are designed to prevent the simultaneous involvement of a relevant person in separate services or activities where such involvement may impair the proper management of conflicts.Prior to board or committee action on a Contract or Transaction involving a Conflict of Interest, a director or committee member having a Conflict of Interest and who is in attendance at the meeting shall disclose all facts material to the Conflict of Interest. Such disclosure shall be reflected in the minutes of the meeting. If board members are aware that staff or other volunteers have a conflict of interest, relevant facts should be disclosed by the board member or by the interested person him/herself if invited to the board meeting as a guest for purposes of disclosure.The President will monitor proposed or ongoing transactions of the organization (e.g., contracts with vendors and collaborations with third parties) for conflicts of interest and disclose them to the board and staff, as appropriate, whether discovered before or after the transaction has occurred.In the event it is not entirely clear that a Conflict of Interest exists, the individual with the potential conflict shall disclose the circumstances to his or her supervisor or the Chair or the Chair's designee, who shall determine whether full board discussion is warranted or whether there exists a Conflict of Interest that is subject to this policy.Policy Reviewa) Each director, officer, employee and volunteer shall be provided with and asked to review a copy of the Policy and to acknowledge in writing that he or she has done so.b) Annually each director, officer, employee and volunteer shall complete a disclosure form identifying any relationships, positions or circumstances in which he/she is involved that he or she believes could contribute to a Conflict of Interest. Such relationships, positions or circumstances might include service as a director of or consultant to another nonprofit organization, or ownership of a business that might provide goods or services to Housing Channel Inc. Any such information regarding the business interests of a director, officer, employee or volunteer, or a Family Member thereof, shall be treated as confidential and shall generally be made available only to the Chair, the Executive Director, and any committee appointed to address Conflicts of Interest, except to the extent additional disclosure is necessary in connection with the implementation of this Policy.c) The policy shall be reviewed annually by each member of the Board of Directors. Any changes to the policy shall be communicated to all staff and volunteers. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | Executive Director Compensation Policy Line 15a&b, General Policy:Housing Channel has an Executive Director Compensation Policy. The policy requires the Executive Committee to meet at least annually to review changes to compensation and benefits for the President. The review will include a review of the prior year's performance and the goals and objectives established for the upcoming year. The Executive Committee will obtain a salary survey of comparable positions in area nonprofits to determine comparability of compensation. Members of the executive committee make an independent review and approval of the annual compensation and benefits of the President.This process is required for the President and the Vice President positions.Housing Channel's Personnel Policies and Procedures were originally approved March 8, 2000 and amended February 20, 2004 and September 10, 2014. With regard to Executive Director Compensation, it states under Section XII - Working Conditions, Policies and Procedures, "Salary changes of the President and Vice President will be subject to Board approval and must be in writing/email from the Board Chair before funds can be disbursed."Approval is documented in the board minutes. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | THESE ITEMS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARTNERSHIP REALTY SERVICES LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2900 AIRPORT FRWY | AddressLine1Txt |
| City | FORT WORTh | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 76115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 455273533 | EIN |
| Primary Activities | REAL ESTATE SALE AND MANAGEMENT | PrimaryActivitiesTxt |
| Legal Domicile State | TX | LegalDomicileStateCd |
| Total Income | $188,799 | TotalIncomeAmt |
| End Of Year Assets | $193,173 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HOUSING CHANNEL | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Unrelated Org Txbl Partnership UnrelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Predominate IncomePredominateIncomeDesc | All Partners C3 SAllPartnersC3SInd | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HPN LEVERAGE II LLC | |||||||||||||
| 201 ST CHARLES AVE STE 4400 | NEW ORLEANS | LA | 70170 | 752399903 | AFFORDABLE HOUSING | LA | RELATED | Yes (true) | $33,527 | $3,352,682 | false | false | 0.33330 |
| HPN LEVERAGE VII LLC | |||||||||||||
| 201 ST CHARLES AVE 4400 | NEW ORLEANS | LA | 70170 | 863867448 | AFFORDABLE HOUSING | LA | RELATED | Yes (true) | $19,215 | $4,350,560 | false | false | 0.21430 |
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