TY 2021 Form 990PF

Part I	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)	5,510,911
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	1,674	1,674	1,674
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).......		36,442
12	Total. Add lines 1 through 11........	5,549,027	1,674	1,674
	13	Compensation of officers, directors, trustees, etc.	111,032			119,685
14	Other employee salaries and wages......	1,211,172			1,252,525
15	Pension plans, employee benefits.......	162,908			120,610
16a	Legal fees (attach schedule).........		143,882			16,300
b	Accounting fees (attach schedule).......		16,569			15,966
c	Other professional fees (attach schedule)....		32,674			24,624
17	Interest...............	31,143			31,143
18	Taxes (attach schedule) (see instructions)...		105,781			105,740
19	Depreciation (attach schedule) and depletion...		112,485
20	Occupancy..............	71,966			71,966
21	Travel, conferences, and meetings.......	6,246			6,246
22	Printing and publications..........	603			603
23	Other expenses (attach schedule).......		1,219,629			1,124,364
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	3,226,090	0		2,889,772
25	Contributions, gifts, grants paid.......	109,170			72,369
26	Total expenses and disbursements. Add lines 24 and 25	3,335,260	0		2,962,141
	27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	2,213,767
b	Net investment income (if negative, enter -0-)		1,674
c	Adjusted net income (if negative, enter -0-)...			1,674

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.............	132,671	98,935	98,935
	2	Savings and temporary cash investments.........	619,050	671,031	671,031
	3	Accounts receivable 53,558
		Less: allowance for doubtful accounts	32,223	53,558	53,558
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....		0
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts		0
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........	46,057	61,204	61,204
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)		0
	12	Investments—mortgage loans.............	400,520	686,004	686,004
	13	Investments—other (attach schedule)..........		0
	14	Land, buildings, and equipment: basis 2,598,646
		Less: accumulated depreciation (attach schedule) 279,860	2,498,226	2,318,786	2,318,785
	15	Other assets (describe )	2,383,778	6,852,212	5,764,893
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	6,112,525	10,741,730	9,654,410
	17	Accounts payable and accrued expenses..........	1,186,035	632,930
	18	Grants payable.................
	19	Deferred revenue.................	0
	20	Loans from officers, directors, trustees, and other disqualified persons		0
	21	Mortgages and other notes payable (attach schedule)......	3,564,438	6,420,063
	22	Other liabilities (describe )	5,281	74,972
	23	Total liabilities (add lines 17 through 22).........	4,755,754	7,127,965
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........	737,721	2,942,734
	25	Net assets with donor restrictions............	619,050	671,031
		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).....	1,356,771	3,613,765
	30	Total liabilities and net assets/fund balances (see instructions).	6,112,525	10,741,730

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) ...............

1,356,771

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

2,213,767

Other increases not included in line 2 (itemize) bullet

43,227

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

3,613,765

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 .

3,613,765

(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	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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	23
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	23
6	Credits/Payments:

a	2021 estimated tax payments and 2020 overpayment credited to 2021	6a
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c	100
d	Backup withholding erroneously withheld ...........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	100
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
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	77
11	Enter the amount of line 10 to be: Credited to 2022 estimated tax77	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 Acting CEO	Vice President / Secretary 30.00	111,031	0	0
6349 Clayton Rd Saint Louis,MO63117
Dennis B Husmann	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
Jacqueline Davis	Director of Housing 40.00	79,577	3,829	0
Orchard Trace Ln Wildwood,MO63040	Director of Housing 40.00	79,577	3,829	0
Daniell Parker	Lead Operator Demo 40.00	60,362	0	0
Juniata Saint Louis,MO63116	Lead Operator Demo 40.00	60,362	0	0
John Gehrin	Rehab Manager 40.00	88,481	4,424	0
Crabapple Florissant,MO63031	Rehab Manager 40.00	88,481	4,424	0
Alfred Washington	Master Plumber 40.00	83,732	4,187	0
Portland Ridge Dr Florissant,MO63034	Master Plumber 40.00	83,732	4,187	0
Britton Clemons	Managing Director 40.00	109,039	5,452	0
Julia Elizabeth Dr Wentzville,MO63385	Managing Director 40.00	109,039	5,452	0
Total number of other employees paid over $50,000...................				2

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	See Breakdown in 2-4 Acquisition, construction, rehabilitation, demolition, development and/or selling of property to combat deterioration and to provide home ownership opportunities to repopulate communities by providing homes for sale to persons with incomes less that 140% of AMI	0
2	Created affordable quality homes in areas failing due to institutional racism. It renovated 6 blighted homes. The homes reinforce neighborhood stabiity and quality and attract new residents that bring economic diversity to the community.	1,213,707
3	Demolished 57 vacant and abandoned buildings in areas that have experienced discrimintation, disinvestment and depopulation. The demolitions reduce the burdens of government by responding to municipalities request for the removal of dangerous structures and clean up lots for redevelopment.	1,089,081
4	Provided management and planning for the construction of the first subdivision built in decades in Wellston, MO. 6 homes completed and 17 homes under construction in response to gov't requests for homeownership opportunities. Provided CLT management and lending services to 8 homeowners.	220,927

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) sold to new homeowners	340,980
2	Single family home mortgages	285,486
All other program-related investments. See instructions.
3

		(a) Corpus	(b) Years prior to 2020	(c) 2020	(d) 2021
1 Distributable amount for 2021 from Part X, line 7					0
2 Undistributed income, if any, as of the end of 2021:
a Enter amount for 2020 only.......
b Total for prior years:20, 20, 20
3 Excess distributions carryover, if any, to 2021:
a From 2016......	0
b From 2017......	0
c From 2018......	0
d From 2019......	5,458,397
e From 2020......	3,397,830
f Total of lines 3a through e ........		8,856,227
4Qualifying distributions for 2021 from Part
XI, line 4: $ 3,588,607
a Applied to 2020, 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 2021 distributable amount.....
e Remaining amount distributed out of corpus		3,588,607
5 Excess distributions carryover applied to 2021.
(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		12,444,834
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 2021. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2022 ..........					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 2016 not applied on line 5 or line 7 (see instructions) ...		0
9 Excess distributions carryover to 2022. Subtract lines 7 and 8 from line 6a ......		12,444,834
10 Analysis of line 9:
a Excess from 2017....	0
b Excess from 2018....	0
c Excess from 2019....	5,458,397
d Excess from 2020....	3,397,830
e Excess from 2021....	3,588,607

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) 2021	(b) 2020	(c) 2019	(d) 2018	(e) Total
	1,674	3,717	7,224		12,615
b 85% (0.85) of line 2a .........	1,423	3,159	6,140		10,722
c Qualifying distributions from Part XI, line 4 for each year listed .....	3,588,607	3,397,830	5,458,397		12,444,834
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 ....	3,588,607	3,397,830	5,458,397	0	12,444,834
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......	11,041,303	6,112,525	4,760,161		21,913,989
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)	9,874,685	5,096,624	3,633,827		18,605,136
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..	38,710	36,354	22,844		97,908
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
St Louis Area Diaper Bank 6141 Etzel Ave Saint Louis,MO63133		PC	Gift of Forklift	17,665
Community Impact Network 6349 Clayton Road Saint Louis,MO63117		EOF	Support workin early childhoodcollaborations	7,567
241 CLT Lending Corpdba Equity Home 6349 Clayton Rd Saint Louis,MO63117		EOF	Support Grants	83,938
Total ................................. 3a				109,170

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	115,470
7483 Pershing Avenue Saint Louis,MO63130	Legal	115,470

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.)
a
b
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) ..				35,881

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-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

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

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.

bApproved for future payment

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

Software ID:
Software Version:
Part VI Line 7 -Original Return Overpayment:	-100

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	$ 2,367,173	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	The Community Impact Network 1623 Kienlen Saint Louis, MO63133	$ 3,143,738	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) (2021)

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	Forgiveness of Promissory Notes between Equity Homes and the Community Impact Network (two related o	$ 0	2021-12-01
(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) (2021)


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	387,499	19,240	368,259
Software	12,250	9,095	3,155
Heavy Equipment & Machinery	70,796	24,268	46,528
Vehicles	400,536	198,174	202,362
Furniture & Fixtures	911	320	591
Office Equipment	54,106	28,763	25,343
Land	1,672,548	0	1,672,548

Category	Amount	Disbursements for Charitable Purposes
Shulamith Simon Legal	99,590	0
Summers Compton Legal	44,112	16,120
Dale Sweet Legal	180	180

Item No.	1
Lender's Name	Community Impact Network
Lender's Title
Relationship to Insider	Related by Common Funder and Leadership
Original Amount of Loan
Balance Due	4,233,716
Date of Note
Maturity Date
Repayment Terms	Revolving - repaid on sale of property
Interest Rate	0.00000000
Security Provided by Borrower
Purpose of Loan	Finance Construction of Esridge Esates
Description of Lender Consideration
Consideration FMV

Item No.	2
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

Description	Beginning of Year - Book Value	End of Year - Book Value	End of Year - Fair Market Value
Investment in Community	427,662	768,642	0
Construction in Progress-Eskridge Estates	625,980	2,850,445	2,850,445
Buildings (Real Estate Held for Sale)	295,411	779,195	779,195
SBA Loan Receivable	185,900	0	0
Deposits	13,635	22,500	22,500
Interest Receivable	2,170	5,024	5,024
Eskridge Estates Homes for Sale	0	1,593,386	1,274,709
Notes Receivable Pine Lawn Manor	636,467	636,467	636,467
PLM Notes Receivable Beyond Housing	196,553	196,553	196,553

Description	Revenue and Expenses per Books	Disbursements for Charitable Purposes
Website & Marketing	23,855	19,588
Dues & Subscriptions	46,251	46,151
Insurance	196,051	209,316
Program Expenses	861,313	762,484
Office Supplies	29,780	32,081
Repairs & Maintenance	21,402	21,402
Telephone & Internet	13,431	13,431
Payroll Processing	7,792	7,722
Professional Development	4,752	4,752
Finance Charges	3,633	3,633
Miscellaneous Expense	3,804	3,804
Guaranteed Equity Accrual	7,567
Rounding	-2

Description	Revenue And Expenses Per Books	Net Investment Income	Adjusted Net Income
Miscellaneous	144
Interest Income Program	33,313
Land Lease Income	2,985

Description	Amount
Overstated Accrued Management Fees 2020	0
Book RE understated	43,227

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	49,186
Total				49,186