Allies & Ross Management Anddevelopment Corporation
- Assets
- $281.7m
- Revenue
- $32.3m
- Investments
- $13.5m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 08/2007
- Data as of
- 12/2022
- EIN
- 20-8558857
Organization Overview
Allies & Ross Management Anddevelopment Corporation is located in Pittsburgh, PA. The organization was established in 2007. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Allies & Ross Management Anddevelopment Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Allies & Ross Management Anddevelopment Corporation generated $32.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $5.5m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING OPPORTUNITIES AND HOUSING RELATED ACTIVITIES BY PARTICPATING IN MIXED FINANCE TRANSACTIONS WITH THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALLIES AND ROSS WAS CREATED BY THE HOUSING AUTHORITY OF THE CITY OF PITTSBURGH (HACP) TO PARTICIPATE IN AND/OR DEVELOP MIXED FINANCING TRANSACTIONS, BY RECEIVING GRANTS FROM THE HACP, AND IN TURN PROVIDE SHORT AND LONG TERM LOANS TO LIMITED PARTNERSHIPS FOR THE CREATION OF LOW-INCOME HOUSING UNITS. ALLIES AND ROSS WAS ALSO CREATED FOR THE PURPOSE OF FURTHERING HACP'S PURPOSE OF PROVIDING SAFE, DECENT, AND AFFORDABLE HOUSING WITHIN THE CITY OF PITTSBURGH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Shaffer Secretary | OfficerTrustee | 0.5 | $0 |
Caster Binion President And CEO | OfficerTrustee | 0.5 | $0 |
Valerie Mcdonald Roberts Chair | OfficerTrustee | 0.5 | $0 |
Marsha Grayson Director | Trustee | 0.5 | $0 |
Bernie Mcginley Treasurer | OfficerTrustee | 0.5 | $0 |
Majestic Lane Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trek Development Group Inc Choice Grant For Bedford Dwellings | 12/30/22 | $1,553,550 |
First American Title Insurance Co Construction | 12/30/22 | $1,346,030 |
Mccormack Baron Salazar Inc Construction | 12/30/22 | $1,321,391 |
Pennsylvania Housing Finance Agency Financing For North Negley Residences | 12/30/22 | $669,168 |
Midpoint Group Of Companies Inc City's Edge Development | 12/30/22 | $467,957 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $26,500,000 |
| Government grants | $204,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,704,254 |
| Total Program Service Revenue | $4,431,847 |
| Investment income | $1,186,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,323,067 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $156,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,320 |
| Payroll taxes | $0 |
| Fees for services: Management | $45,000 |
| Fees for services: Legal | $525 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $597,745 |
| Advertising and promotion | $0 |
| Office expenses | $50,498 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,822 |
| All other expenses | $0 |
| Total functional expenses | $5,520,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $118,845,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $633,962 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $145,418,717 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $605,178 |
| Investments—publicly traded securities | $2,682,761 |
| Investments—other securities | $13,488,283 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $281,674,353 |
| Accounts payable and accrued expenses | $416,061 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $416,061 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $281,258,292 |
| Total liabilities and net assets/fund balances | $281,674,353 |