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← HOLT APARTMENTS INC

Form 990 for tax year 2023

Filed by HOLT APARTMENTS INC.

Totals

Total revenue
$47,437
Total expenses
$89,939
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$46,166
Investment income
$117
Other revenue
$1,154
Total assets, end of year
$1,223,095
Total liabilities, end of year
$895,293
Net assets or fund balances, end of year
$327,802
Program services expenses (Part IX)
$60,975
Management and general expenses
$28,964
Fundraising expenses
$0
Program service expenses (Part III)
$60,975

Program services were 67.8% 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: TENANT RENT REVENUE

    total $27,099 · related or exempt $27,099

  • 2b · Program service revenue: RENT SUBSIDIES

    total $19,067 · related or exempt $19,067

  • 3 · Investment income

    total $117 · excluded $117

  • 11a · Other revenue: LAUNDRY SERVICES

    total $584 · related or exempt $584

  • 11b · Other revenue: OTHER INCOME

    total $570 · related or exempt $570

  • 11e · Other revenue, total

    $1,154

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $14,917 · management and general $14,917

  • 11a · Fees: management

    total $7,802 · management and general $7,802

  • 11b · Fees: legal

    total $475 · management and general $475

  • 11c · Fees: accounting

    total $2,700 · management and general $2,700

  • 11g · Fees: other

    total $159 · management and general $159

  • 13 · Office expenses

    total $2,911 · management and general $2,911

  • 16 · Occupancy

    total $18,834 · program services $18,834

  • 22 · Depreciation, depletion and amortization

    total $32,601 · program services $32,601

  • 23 · Insurance

    total $9,368 · program services $9,368

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $172 · program services $172

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,355 · end of year $5,709

  • 4 · Accounts receivable

    beginning of year $735 · end of year $2,836

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,439 · end of year $1,511

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

    $1,405,230

  • 10b · Land, buildings and equipment: accumulated depreciation

    $295,321

  • 10c · Land, buildings and equipment, net

    beginning of year $1,127,472 · end of year $1,109,909

  • 15 · Other assets

    beginning of year $98,313 · end of year $103,130

  • 17 · Accounts payable and accrued expenses

    beginning of year $16 · end of year $425

  • 21 · Escrow or custodial account liability

    beginning of year $3,505 · end of year $4,285

  • 23 · Secured mortgages and notes payable

    beginning of year $561,451 · end of year $561,451

  • 25 · Other liabilities

    beginning of year $304,038 · end of year $329,132

  • 27 · Net assets without donor restrictions

    beginning of year $370,304 · end of year $327,802

Mission and programs · 2023

Mission

PROVIDE PERSONS WHO ARE DISABLED WITH LOW INCOME HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

Activities or mission (Part I)

PROVIDE SUPPORTIVE HOUSING TO LOW INCOME DISABLED PERSONS.

  • PROVIDE PERSONS WHO ARE DISABLED WITH LOW INCOME HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

    Expenses $60,975 · Revenue $47,320

As filed on the 2023 return.

Listed in Part VII

  • Jake Krafve

    CFO

    Total calculated
    $595,193
    From this org
    $0
    From related orgs
    $495,820
    Other
    $99,373
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $414,495 related
    Bonus
    $0 + $71,800 related
    Other
    $0 + $9,525 related
    Deferred
    $0 + $83,285 related
    Nontaxable benefits
    $0 + $16,088 related
    Filer's total
    $0 + $595,193 related

  • Peter Lyskowski

    BOARD MEMBER

    Total calculated
    $444,092
    From this org
    $0
    From related orgs
    $362,136
    Other
    $81,956
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $294,727 related
    Bonus
    $0 + $52,577 related
    Other
    $0 + $14,832 related
    Deferred
    $0 + $59,330 related
    Nontaxable benefits
    $0 + $22,626 related
    Filer's total
    $0 + $444,092 related

  • Rhonda Meyer

    BOARD MEMBER (THRU 1/2023)

    Total calculated
    $47,446
    From this org
    $0
    From related orgs
    $45,022
    Other
    $2,424
    Hours/week
    1 + 42 related

  • Joi Neidner

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rebecca Culler

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rich Metz

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rod Reid

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
JAKE KRAFVE -- PARTICIPANT IN COMPASS HEALTH'S 457F PLAN, CURRENT YEAR DEFERRAL OF $64,200 PETER LYSKOWSKI -- PARTICIPANT IN COMPASS HEALTH'S 457F PLAN, CURRENT YEAR DEFERRAL OF $48,150

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • PATHWAYS WARRENSBURG APARTMENT

    EXCLUDED · HOUSING · MO · 100% owned

    Directly controlled by COMPASS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ADAPT OF MISSOURI INC

    C · HEALTH SERVICES · MO · 100% owned

    Directly controlled by COMPASS

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202432769349302103

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