Brighton Properties INC: FY2023 Nonprofit Profile & Form 990 (EIN 31-1535241)

Revenue by fiscal year
FY2020	$1.4M
FY2021	$1.7M
FY2022	$1.5M
FY2023	$2.0M
FY2024	$1.8M
FY2025	$1.6M

Expenses by fiscal year
FY2020	$1.2M
FY2021	$1.1M
FY2022	$1.3M
FY2023	$1.5M
FY2024	$1.4M
FY2025	$1.5M

Net assets by fiscal year
FY2020	$5.9M
FY2021	$7.8M
FY2022	$7.7M
FY2023	$12.1M
FY2024	$12.2M
FY2025	$12.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $1.3M Management & general 17% · $262K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Brian Crecco

Vice Chair

$0Pt VII · Sec A

Brooks a Parker

Director

$0Pt VII · Sec A

Julie Schoepf

Treasurer

$0Pt VII · Sec A

Joyce Duve

Director

$0Pt VII · Sec A

Ken Muth

Secretary

$0Pt VII · Sec A

Aaron Anderson

Director

$0Pt VII · Sec A

Robert Arnold

Director

$0Pt VII · Sec A

Caroline Weltzer

Chair

$0Pt VII · Sec A

See Brighton Properties INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops housing to help people and families become self-sufficient and stable.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2022

01

Brighton Properties, Inc. assists individuals and families in obtaining self-sufficiency by developing housing opportunities that bring stability to families, individuals, and communities. This is accomplished by developing quality affordable housing for both rental and purchase; effectively managing rental properties that ensure decent…

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Brighton Center INCFY2024$108K

United Way of Greater CincinnatiFY2024$75K

Total grants receivedfrom 2 funders$184K

Grants paid · 2 grants · $50K · 2023–2024

Northern Kentucky Area Developement DistrictKY · FY2024$12,500

Northern Kentucky Area Developement DistrictKY · FY2023$37,500

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$2.0M

Ln 12

Fees for servicesLn 2g$1.3M

Gifts and grantsLn 1h$601K

Other incomeLn 4–11$121K

Money outPt IX

$1.5M

Ln 25

Programscol B$1.3M

Managementcol C$262K

Owns and owesPt X

$12.1M

net assets · Ln 32

Cash and savingsLn 1–2$2.1M

Total assetsLn 16$14.1M

LiabilitiesLn 26$2.0M

PeoplePt VI, VII

13

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$601K

Government grantsLn 1e$100K

Fees for servicesLn 2g$1.3M

Investment incomeLn 3$28K

Other incomeLn 4–11$121K

Gains on assetsLn 7$3K

Total revenueLn 12$2.0M

Assets in detailPt X, end of year

CashLn 1$2.1M

Cash and savings togetherLn 1–2$2.1M

InvestmentsLn 11–13$7.3M

Land, buildings, equipmentLn 10c$4.4M

Other assetsLn 15$0

Total assetsLn 16$14.1M

LiabilitiesLn 26$2.0M

Net assetsLn 32$12.1M

OperationsPt I, VI

EmployeesI 512

VolunteersI 6296

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$1.9M	$2.1M
InvestmentsLn 11–13	$3.9M	$7.3M
Land, buildings, equipmentLn 10c	$4.4M	$4.4M
Total assetsLn 16	$10.6M	$14.1M
LiabilitiesLn 26	$2.9M	$2.0M
Net assetsLn 32	$7.7M	$12.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$469K	$410K	$59K
Pension plan contributionsLn 8	$26K	$24K	$2K
Other employee benefitsLn 9	$99K	$90K	$9K
Payroll taxesLn 10	$36K	$32K	$5K
Accounting feesLn 11c	$148K		$148K
Investment management feesLn 11f	$562		$562
Other fees for servicesLn 11g	$156K	$137K	$19K
Office expensesLn 13	$7K	$1K	$6K
OccupancyLn 16	$176K	$169K	$7K
InterestLn 20	$40K	$40K
Depreciation, depletion and amortizationLn 22	$187K	$187K
InsuranceLn 23	$26K	$26K	$318
Other expenses (24a–d)Ln 24	$155K	$150K	$5K
Total functional expensesLn 25	$1.5M	$1.3M	$262K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$1.6M	$1.5M	$80K	$12.3M	990 PDF
FY2024	$1.8M	$1.4M	$315K	$12.2M	990 PDF
FY2023 Viewing	$2.0M	$1.5M	$482K	$12.1M	990 PDF
FY2022	$1.5M	$1.3M	$210K	$7.7M	990 PDF
FY2021	$1.7M	$1.1M	$640K	$7.8M	990 PDF
FY2020	$1.4M	$1.2M	$247K	$5.9M	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2023 990 (6 parts)

Part I · Summary $2,009,020 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $450,485$601,168

I-9 Program service revenuePrior year $1,064,650$1,258,728

I-10 Investment incomePrior year $1,698$27,763

I-11 Other revenuePrior year $5,980$121,361

I-12 Total revenuePrior year $1,522,813$2,009,020

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $443,007$631,208

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $870,001$896,011

I-18 Total expensesPrior year $1,313,008$1,527,219

I-19 Revenue less expensesPrior year $209,805$481,801

Part VI · Governance 10 of 10 board members independent, no flags

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $2,009,020 across 10 lines filed

VIII-1a Federated campaigns$50,000

VIII-1d Related organizations$177,597

VIII-1e Government grants$100,000

VIII-1f All other contributions, gifts and grants$273,571

VIII-1h Total contributions, gifts and grants$601,168

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,258,728$1,258,728

VIII-3 Investment incomeExcluded from tax $24,614$24,614

VIII-7 Net gain or loss on sales of assetsExcluded from tax $3,149$3,149

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $121,361$121,361

VIII-12 Total revenueRelated to mission $1,258,728 · Unrelated business $0 · Excluded from tax $149,124$2,009,020

Part IX · Statement of functional expenses $1,527,219 across 13 lines filed

IX-7 Other salaries and wagesPrograms $410,407 · Management $58,973$469,380

IX-8 Pension plan contributionsPrograms $23,731 · Management $2,425$26,156

IX-9 Other employee benefitsPrograms $90,059 · Management $9,202$99,261

IX-10 Payroll taxesPrograms $31,845 · Management $4,566$36,411

IX-11c Accounting feesManagement $148,444$148,444

IX-11f Investment management feesManagement $562$562

IX-11g Other fees for servicesPrograms $136,662 · Management $19,172$155,834

IX-13 Office expensesPrograms $1,044 · Management $5,734$6,778

IX-16 OccupancyPrograms $168,863 · Management $7,263$176,126

IX-20 InterestPrograms $39,646$39,646

IX-22 Depreciation, depletion and amortizationPrograms $187,148$187,148

IX-23 InsurancePrograms $25,687 · Management $318$26,005

IX-24 Other expenses (24a–d)Programs $149,988 · Management $5,480$155,468

IX-25 Total functional expensesPrograms $1,265,080 · Management $262,139 · Fundraising $0$1,527,219

Part X · Balance sheet $14,127,704 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $1,921,419$2,073,279

X-3 Pledges and grants receivableStart of year $298,806$288,473

X-4 Accounts receivableStart of year $84,496$58,964

X-9 Prepaid expenses and deferred chargesStart of year $6,030$11,193

X-10c Land, buildings and equipment, netStart of year $4,356,433$4,434,477

X-11 Publicly traded securitiesStart of year $349,913$378,187

X-12 Other securitiesStart of year $3,587,909$6,883,131

X-15 Other assetsStart of year $15,553$0

X-16 Total assetsStart of year $10,620,559$14,127,704

X-17 Accounts payable and accrued expensesStart of year $798,819$64,139

X-26 Total liabilitiesStart of year $2,890,239$2,017,521

X-27 Net assets without donor restrictionsStart of year $7,246,514$11,506,585

X-28 Net assets with donor restrictionsStart of year $483,806$603,598

X-32 Total net assets or fund balancesStart of year $7,730,320$12,110,183

X-33 Total liabilities and net assetsStart of year $10,620,559$14,127,704

Part XI · Reconciliation of net assets $12,110,183 net assets at year end

XI-1 Total revenue$2,009,020

XI-2 Total expenses$1,527,219

XI-3 Revenue less expenses$481,801

XI-4 Net assets at start of year$7,730,320

XI-5 Net unrealized gains (losses) on investments$18,001

XI-6 Donated services and use of facilities−$10,333

XI-9 Other changes in net assets$3,890,394

XI-10 Net assets at end of year$12,110,183

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Brighton Properties INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Brighton Properties INC

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV