TY 2020 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	150,843	132,671	132,671
	2	Savings and temporary cash investments.........	889,983	619,050	619,050
	3	Accounts receivable 32,223
		Less: allowance for doubtful accounts	15,469	32,223	32,223
	4	Pledges receivable
		Less: allowance for doubtful accounts	0
	5	Grants receivable.................	0
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....	0	0
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts	0	0
	8	Inventories for sale or use..............	0
	9	Prepaid expenses and deferred charges..........	70,039	46,057	46,057
	10a	Investments—U.S. and state government obligations (attach schedule)	0
	b	Investments—corporate stock (attach schedule).......	0
	c	Investments—corporate bonds (attach schedule).......	0
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	12	Investments—mortgage loans.............	1,017,149	1,233,540	1,233,540
	13	Investments—other (attach schedule)..........	0	0
	14	Land, buildings, and equipment: basis 2,669,108
		Less: accumulated depreciation (attach schedule) 170,882	2,229,293	2,498,226	2,498,224
	15	Other assets (describe )	387,385	1,550,758	1,123,033
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	4,760,161	6,112,525	5,684,798
	17	Accounts payable and accrued expenses..........	375,411	1,186,035
	18	Grants payable.................	0
	19	Deferred revenue.................	112,800	0
	20	Loans from officers, directors, trustees, and other disqualified persons	0	0
	21	Mortgages and other notes payable (attach schedule)......	2,818,076	3,564,438
	22	Other liabilities (describe )	14,891	5,281
	23	Total liabilities (add lines 17 through 22).........	3,321,178	4,755,754
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	549,000	737,721
	25	Net assets with donor restrictions............	889,983	619,050
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	1,438,983	1,356,771
	30	Total liabilities and net assets/fund balances (see instructions).	4,760,161	6,112,525

Part III

Analysis of Changes in Net Assets or Fund Balances

Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............

1,438,983

Enter amount from Part I, line 27a .....................

-82,212

Other increases not included in line 2 (itemize) bullet

Add lines 1, 2, and 3 ..........................

1,356,771

Decreases not included in line 2 (itemize) bullet

Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .

1,356,771

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1a
b
c
d
e

(e) Gross sales price		(f) Depreciation allowed (or allowable)	(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)
b	Reserved................................	1	52
c	All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2	0
3	Add lines 1 and 2...........................	3	52
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4	0
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	52
6	Credits/Payments:

a	2020 estimated tax payments and 2019 overpayment credited to 2020	6a	0
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	0
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	0
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9	52
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10
11	Enter the amount of line 10 to be: Credited to 2021 estimated tax0	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Jean Cody	President 5.00	0	0	0
6349 Clayton Rd Saint Louis,MO63117
Robert Gioia	Vice President / Secretary 5.00	0	0	0
6349 Clayton Rd Saint Louis,MO63117
James F Gruenewald	Treasurer 5.00	0	0	0
6349 Clayton Rd Saint Louis,MO63117


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
Kevin Poe	Director of Real Est 40.00	108,450	14,438	0
6349 Clayton Rd Saint Louis,MO63117	Director of Real Est 40.00	108,450	14,438	0
Timothy Tucker	Project Manager 40.00	98,571	12,216	0
6349 Clayton Rd Saint Louis,MO63117	Project Manager 40.00	98,571	12,216	0
John Gehrin	Rehab Manager 40.00	88,482	9,948	0
6349 Clayton Rd Saint Louis,MO63117	Rehab Manager 40.00	88,482	9,948	0
Alfred Washington	Master Plumber 40.00	82,150	20,342	0
6349 Clayton Rd Saint Louis,MO63117	Master Plumber 40.00	82,150	20,342	0
Britton Clemons	Project Manager 40.00	103,575	7,947	0
6349 Clayton Rd Saint Louis,MO63117	Project Manager 40.00	103,575	7,947	0
Total number of other employees paid over $50,000...................				6

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1	Acquisition, construction, rehabilitation, demolition, development and/or selling of property to combat deterioration, and to provide home ownership opportunities to persons of low/mod income. 3 houses rehabbed, three sold, one in progress 63 demolitions.	1,444,556
2	Purchases of land, buildings and equipment for tax exempt purposes	372,768
3	Purchases of homes and construction in progress for building homes of tax exempt purposes	682,473
4

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1	Investments in the community (discounts on homes) for sale to low-moderate income families	279,195
2	Single family home mortgages	216,388
All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2019	(c) 2019	(d) 2020
1 Distributable amount for 2020 from Part XI, line 7					0
2 Undistributed income, if any, as of the end of 2020:
a Enter amount for 2019 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2020:
a From 2015......	0
b From 2016......	0
c From 2017......	0
d From 2018......	0
e From 2019......	5,458,397
fTotal of lines 3a through e........		5,458,397
4Qualifying distributions for 2020 from Part
XII, line 4: $ 3,397,830
a Applied to 2019, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2020 distributable amount.....
e Remaining amount distributed out of corpus		3,397,830
5 Excess distributions carryover applied to 2020.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		8,856,227
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........			0
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........			0
e Undistributed income for 2019. Subtract line 4a from line 2a. Taxable amount—see instructions .............				0
f Undistributed income for 2020. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2021 ..........					0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2015 not applied on line 5 or line 7 (see instructions) ...		0
9Excess distributions carryover to 2021. Subtract lines 7 and 8 from line 6a ......		8,856,227
10 Analysis of line 9:
a Excess from 2016....	0
b Excess from 2017....	0
c Excess from 2018....	0
d Excess from 2019....	5,458,397
e Excess from 2020....	3,397,830

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part X for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2020	(b) 2019	(c) 2018	(d) 2017	(e) Total
	3,717	7,224			10,941
b 85% of line 2a .........	3,159	6,140			9,299
c Qualifying distributions from Part XII, line 4 for each year listed .....	3,397,830	5,458,397			8,856,227
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....	3,397,830	5,458,397	0	0	8,856,227
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	6,112,525	4,760,161			10,872,686
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	5,096,624	3,633,827			8,730,451
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part X, line 6 for each year listed...	36,354	22,844			59,198
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Equity Lending Corporation 6349 Clayton Road Saint Louis,MO63117		EOF	To support loan servicing operations	29,742
Community Impact Network 6349 Clayton Road Saint Louis,MO63117		EOF	Church and Rectory for usin Community work	280,990
Community Impact Network 6349 Clayton Road Saint Louis,MO63117		EOF	Support workin early childhoodcollaborations	2,004
Total ................................. 3a				312,736

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	2,591,747
2	Check .............
3	Interest on savings and temporary cash investments	3,717		3,717	3,717
4	Dividends and interest from securities...
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10
b	Gross sales price for all assets on line 6a
7	Capital gain net income (from Part IV, line 2)...			0
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....		0
11	Other income (attach schedule).......		7,304
12	Total. Add lines 1 through 11........	2,602,768		3,717	3,717
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......	1,207,170				1,258,390
15	Pension plans, employee benefits.......	229,195				227,003
16a	Legal fees (attach schedule).........		62,133			53,225
b	Accounting fees (attach schedule).......		22,881			22,662
c	Other professional fees (attach schedule)....		67,683			62,885
17	Interest...............	24,135				24,135
18	Taxes (attach schedule) (see instructions)...		159,644			154,339
19	Depreciation (attach schedule) and depletion...		103,836
20	Occupancy..............	33,861				33,861
21	Travel, conferences, and meetings.......	1,286				1,286
22	Printing and publications..........
23	Other expenses (attach schedule).......		460,420			751,725
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	2,372,244		0		2,589,511
25	Contributions, gifts, grants paid.......	312,736				312,736
26	Total expenses and disbursements. Add lines 24 and 25	2,684,980		0		2,902,247
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	-82,212
b	Net investment income (if negative, enter -0-)			3,717
c	Adjusted net income (if negative, enter -0-)...				3,717

(a) Reserved	(b) Reserved	(c) Reserved	(d) Reserved

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
Shulamith Simon	Legal	61,730
7483 Pershing Ave Saint Louis,MO63130	Legal	61,730
Jean Cody CPA PC	CEO Services	64,169
6349 Clayton Rd Saint Louis,MO63117	CEO Services	64,169

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
aLand Lease Income	532000		16	1,710
bInterest Income Program	532000		32	3,363
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities....
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income.....
8 Gain or (loss) from sales of assets other than inventory ............
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e)..				5,073

Line No.	Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)
a	Community Land Trust land lease fees
b	Mortgage interest on land trust mortgages

bApproved for future payment

Total ................................. 3b

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Software ID:
Software Version:
Part VI Line 7 - Tax Paid with the Original Return:	0

Name of organization Equity Homes

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	The Alvin Goldfarb Foundation 6349 Clayton Rd Saint Louis, MO63117	$ 2,549,647	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	City of Pagedale 1420 Ferguson Ave Saint Louis, MO63133	$ 42,100	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)

Name of organization Equity Homes		Employer identification number 38-4098155

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
2	1326 Leroy property to be renovated	$ 42,100	2020-01-13
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2020)


Name of organization Equity Homes			Employer identification number 38-4098155
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

Category / Item	Cost / Other Basis	Accumulated Depreciation	Book Value
Buildings	306,624	12,097	294,527
Software	12,250	5,692	6,558
Heavy Equipment & Machinery	74,761	16,418	58,343
Vehicles	365,279	120,238	245,041
Furniture & Fixtures	911	211	700
Office Equipment	45,808	16,226	29,582
Land - Pine Lawn Manor	832,868	0	832,868
Land - Single Family Homes	393,090	0	393,090
Land - Construction Center	398,117	0	398,117
Land - Eskridge Homes	239,400	0	239,400

Category	Amount	Disbursements for Charitable Purposes
Shulamith Simon Legal	61,730	52,802
Husch Blackwell Legal	311	331
Dale Sweet Legal	92	92

Item No.	1
Lender's Name	Pine Lawn Manor
Lender's Title
Relationship to Insider	Unrelated
Original Amount of Loan	1,665,715
Balance Due	1,665,715
Date of Note
Maturity Date
Repayment Terms
Interest Rate
Security Provided by Borrower
Purpose of Loan
Description of Lender Consideration
Consideration FMV

Item No.	2
Lender's Name	Community Impact Network
Lender's Title
Relationship to Insider
Original Amount of Loan
Balance Due	1,367,634
Date of Note
Maturity Date
Repayment Terms
Interest Rate
Security Provided by Borrower
Purpose of Loan	Financing for Homes Under Construction
Description of Lender Consideration
Consideration FMV

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Investment in Community	148,467	427,662	0
Construction in Progress	133,476	625,980	625,980
Buildings (Real Estate Held for Sale)	105,442	295,411	295,411
SBA Loan Receivable	0	185,900	185,900
Escrow Deposit	0	13,635	13,635
Interest Receivable	0	2,170	2,107

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
Website & Marketing	2,297	2,297
Dues & Subscriptions	36,326	42,869
Equipment Rental	626	626
Bank Fees	837	837
Insurance	218,851	234,828
Program Expenses	117,793	410,471
Office Supplies	17,280	17,280
Repairs & Maintenance	20,133	20,133
Telephone & Internet	23,200	22,384
Rounding	3
Payroll Processing	8,770
Professional Development	1,366
Miscellaneous Expenses	4,413
Finance Charges	3,914
Other Programing	4,611

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Miscellaneous	61
Interest Income Program	5,533
Land Lease Income	1,710

Description	Beginning of Year - Book Value	End of Year - Book Value
Program Reserves	791	5,281
Demolition due to Northwood in exchange for property	14,100

Category	Amount	Disbursements for Charitable Purposes
Jean Cody, CPA PC CEO Services	64,169	59,371
Sage Data Consulting	2,930	2,930
CNA Survey	584	584

Name	US / Foreign Address	EIN	Description	Amount
241 CLT Lending Corpdba Equity Homes Lending	6349 Clayton Rd Saint Louis,MO63117	83-2150354	Charitable Contribution - cash for operations	29,742
Equity Homes Construction LLC	6349 Clayton Rd Saint Louis,MO63117	83-3317154	Pass thru of Grant Income to Support Operations	576,774
Total				606,516