Resource Foundation: Nonprofit Profile, Financials & Form 990 (EIN 58-1786925)

Achievements- over 20 years of service providing home ownership and other affordable housing opportunities through education, development, and lending programs.

Pt IX · col B

By the numbers

The FY2022 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$0

Ln 12

Money outPt IX

$0

Ln 25

Owns and owesPt X

$0

net assets · Ln 32

Cash and savingsLn 1–2$227K

Total assetsLn 16$0

LiabilitiesLn 26$52K

PeoplePt VI, VII

6

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Total revenueLn 12$0

Assets in detailPt X, end of year

CashLn 1$227K

Cash and savings togetherLn 1–2$227K

Land, buildings, equipmentLn 10c$445K

Other assetsLn 15−$22K

Total assetsLn 16$0

LiabilitiesLn 26$52K

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$227K	$227K
Land, buildings, equipmentLn 10c	$445K	$445K
Total assetsLn 16	$664K	$664K
LiabilitiesLn 26	$52K	$52K
Net assetsLn 32	$612K	$612K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Total functional expensesLn 25	$0	$0	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest Viewing	$0	$0	$0	$0	990 PDF
FY2021	$377	$19K	−$18K	$612K	990 PDF
FY2020	$5K	$62K	−$58K	$630K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $0 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $413$0

I-10 Investment incomePrior year $5$0

I-11 Other revenuePrior year −$41$0

I-12 Total revenuePrior year $377$0

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $18,527$0

I-18 Total expensesPrior year $18,527$0

I-19 Revenue less expensesPrior year −$18,150$0

Part VI · Governance 5 of 5 board members independent, 2 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

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

Part VIII · Statement of revenue $0 across 2 lines filed

Lines not itemized here account for −$13 of total revenue; see the IRS return.

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $13$13

VIII-12 Total revenue$0

Part IX · Statement of functional expenses $0 across 0 lines filed

IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0

Part X · Balance sheet $663,770 assets, 11 lines filed

Asset lines not itemized here account for $12,330; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $227,389$227,389

X-4 Accounts receivableStart of year $1,927$1,927

X-10c Land, buildings and equipment, netStart of year $444,564$444,564

X-15 Other assetsStart of year −$22,440−$22,440

X-16 Total assetsStart of year $663,770$663,770

X-17 Accounts payable and accrued expensesStart of year $3,309$3,309

X-25 Other liabilitiesStart of year $46,199$46,199

X-26 Total liabilitiesStart of year $52,206$52,206

X-27 Net assets without donor restrictionsStart of year $611,564$611,564

X-32 Total net assets or fund balancesStart of year $611,564$611,564

X-33 Total liabilities and net assetsStart of year $663,770$663,770

Part XI · Reconciliation of net assets $611,564 net assets at year end

XI-1 Total revenue$0

XI-2 Total expenses$0

XI-3 Revenue less expenses$0

XI-4 Net assets at start of year$611,564

XI-10 Net assets at end of year$611,564

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Resource Foundation

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Questions the 990 asks

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By the numbers

Filing history

Schedules filed Part IV