Artists And Cities Inc is located in Pittsburgh, PA. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Artists And Cities Inc 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 12/2023, Artists And Cities Inc generated $418.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
ARTIST AND CITIES INC SHALL BE ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATION PURPOSES INCLUDING, WITHOUT LIMITATION, TO PROVIDE HOUSING THAT IS AFFORDABLE TO LOW- INCOME AND MODERATE-INCOME PERSONS IN THE CITY OF PITTSBURGH, PENNSYLVANIA AND THE GENERAL SOUTHWESTERN PENNSYLVANIA AREA.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Metropulos Treasurer | 0 | $0 | |
Lawrence Swanson President | 0 | $0 | |
Lena Andrews Secretary | 0 | $0 | |
Rick Claraval Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $28,124 |
| Interest on Savings | $10,001 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $380,046 |
| Total Revenue | $418,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $46,896 |
| Pension plans, employee benefits | $4,377 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $105,355 |
| Occupancy | $231,084 |
| Travel, conferences, and meetings | $186 |
| Printing and publications | $0 |
| Other expenses | $33,909 |
| Total operating and administrative expenses | $446,717 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $446,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $154,750 |
| Savings and temporary cash investments | $231,912 |
| Net Accounts receivable | $7,276 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,329 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,675,621 |
| Other assets | $31,671 |
| Total assets | $2,109,559 |
| Accounts payable and accrued expenses | $11,716 |
| Grants payable | $0 |
| Deferred revenue | $2,361 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,666,280 |
| Other liabilities | $28,514 |
| Total liabilities | $1,708,871 |