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Nonprofiteer
← SR SENIOR HOUSING INC

Form 990 for tax year 2023

Filed by SR SENIOR HOUSING INC.

Totals

Total revenue
$430,970
Total expenses
$257,446
Contributions and grants received
$0
Grants paid
$221,978
Program service revenue
$428,449
Investment income
$2,521
Other revenue
$0
Total assets, end of year
$5,991,769
Total liabilities, end of year
$2,917,192
Net assets or fund balances, end of year
$3,074,577
Program services expenses (Part IX)
$255,696
Management and general expenses
$1,750
Fundraising expenses
$0
Program service expenses (Part III)
$255,696

Program services were 99.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: GROUND LEASE INTEREST

    total $205,280 · related or exempt $205,280

  • 2b · Program service revenue: GROUND LEASE INCOME

    total $147,082 · related or exempt $147,082

  • 2c · Program service revenue: FLOW-THROUGH INCOME FR

    total $49,391 · related or exempt $49,391

  • 2d · Program service revenue: PARTNERSHIP MGMT FEE

    total $26,696 · related or exempt $26,696

  • 3 · Investment income

    total $2,521 · excluded $2,521

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $221,978 · program services $221,978

  • 11c · Fees: accounting

    total $1,750 · management and general $1,750

  • 22 · Depreciation, depletion and amortization

    total $6,902 · program services $6,902

  • 24a · Other expenses: PARTNERSHIP MGMT FEE

    total $26,696 · program services $26,696

  • 24b · Other expenses: TAXES AND LICENSES

    total $120 · program services $120

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,332 · end of year $25,732

  • 10a · Land, buildings and equipment: cost or other basis

    $471,640

  • 10c · Land, buildings and equipment, net

    beginning of year $471,640 · end of year $471,640

  • 14 · Intangible assets

    beginning of year $150,797 · end of year $143,895

  • 15 · Other assets

    beginning of year $5,215,371 · end of year $5,350,502

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,746 · end of year $3,496

  • 25 · Other liabilities

    beginning of year $2,958,341 · end of year $2,913,696

  • 27 · Net assets without donor restrictions

    beginning of year $2,901,053 · end of year $3,074,577

Mission and programs · 2023

Mission

TO PROVIDE SAFE, AFFORDABLE HOUSING OF HIGH QUALITY TO THOSE IN NEED OF IT; TO ESTABLISH STABILITY AND OPPORTUNITY IN THE LIVES OF ITS RESIDENTS; AND TO FOSTER COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY, AND MUTUAL RESPECT.

Activities or mission (Part I)

THE ORGANIZATION DEVELOPS AND OPERATES AFFORDABLE HOUSING APARTMENTS FOR LOW INCOME, ELDERLY AND PERSONS WITH DISABILITIES.

  • THE ENTITY SERVES AS GENERAL PARTNER IN SR FOUNTAINS LIMITED PARTNERSHIP, WHICH OWNS AND OPERATES AFFORDABLE HOUSING FOR THE BENEFIT OF LOW INCOME FAMILIES.

    Expenses $255,696 · Grants $221,978 · Revenue $428,449

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Erin Welch

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Katherine Fleming

    CFO AND TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Michael J Vergura

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Janine Lind

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

  • Matthew O Franklin

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SR FOUNTAINS LIMITED PARTNERSHIP

    RELATED · TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES · CA · 1% owned · share of income $1,889 · share of assets $5,516,008 · general or managing partner

    Directly controlled by SR SENIOR HOUSING INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413199349300006

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