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← SALISHAN APARTMENTS

Form 990 for tax year 2024

Filed by SALISHAN APARTMENTS.

Totals

Total revenue
$154,642
Total expenses
$175,133
Contributions and grants received
$78,818
Grants paid
$0
Program service revenue
$75,809
Investment income
$15
Other revenue
$0
Total assets, end of year
$823,767
Total liabilities, end of year
$1,809,999
Net assets or fund balances, end of year
-$986,232
Program services expenses (Part IX)
$159,755
Management and general expenses
$15,378
Fundraising expenses
$0
Program service expenses (Part III)
$159,755

Program services were 91.2% 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.

  • 1e · Government grants (contributions)

    $78,818

  • 2a · Program service revenue: RENTAL REVENUE

    total $75,550 · related or exempt $75,550

  • 2b · Program service revenue: OTHER INCOME

    total $259 · related or exempt $259

  • 3 · Investment income

    total $15 · excluded $15

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $236 · program services $236

  • 11a · Fees: management

    total $10,680 · program services $10,680

  • 11c · Fees: accounting

    total $15,378 · management and general $15,378

  • 13 · Office expenses

    total $2,024 · program services $2,024

  • 16 · Occupancy

    total $161 · program services $161

  • 20 · Interest

    total $11,651 · program services $11,651

  • 22 · Depreciation, depletion and amortization

    total $46,247 · program services $46,247

  • 23 · Insurance

    total $8,677 · program services $8,677

  • 24a · Other expenses: UTILITIES

    total $26,627 · program services $26,627

  • 24b · Other expenses: SUPPLIES

    total $23,144 · program services $23,144

  • 24c · Other expenses: CONTRACTS

    total $17,507 · program services $17,507

  • 24d · Other expenses: GARBAGE AND TRASH REMOV

    total $8,574 · program services $8,574

  • 24e · All other expenses

    total $4,227 · program services $4,227

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $19,988 · end of year $20,659

  • 2 · Savings and temporary cash investments

    beginning of year $24,582 · end of year $37,594

  • 4 · Accounts receivable

    beginning of year $1,332 · end of year $1,234

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,989 · end of year $2,211

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

    $1,680,091

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

    $918,022

  • 10c · Land, buildings and equipment, net

    beginning of year $801,773 · end of year $762,069

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,151 · end of year $9,953

  • 19 · Deferred revenue

    beginning of year $3,090 · end of year $3,765

  • 23 · Secured mortgages and notes payable

    beginning of year $1,475,280 · end of year $1,475,280

  • 25 · Other liabilities

    beginning of year $335,884 · end of year $321,001

  • 27 · Net assets without donor restrictions

    beginning of year -$965,741 · end of year -$986,232

Mission and programs · 2024

Mission

SALISHAN APARTMENTS, INC. WAS FORMED SPECIFICALLY TO DEVELOP AND OPERATE A 13-UNIT HOUSING FACILITY FOR LOW INCOME PERSONS WITH DISABILITIES ON A NONPROFIT BASIS PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990.

Activities or mission (Part I)

PROVIDE HOUSING, RELATED FACILITIES AND SERVICES FOR LOW-INCOME PEOPLE WITH DISABILITIES.

  • SALISHAN APARTMENTS, INC. WAS FORMED SPECIFICALLY TO DEVELOP AND OPERATE A 13-UNIT HOUSING FACILITY FOR LOW INCOME PERSONS WITH DISABILITIES ON A NONPROFIT BASIS PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990.

    Expenses $159,755 · Revenue $75,809

As filed on the 2024 return.

Listed in Part VII

  • Arabella Hutt

    SECRETARY/TREASURER

    Total calculated
    $323,363
    From this org
    $0
    From related orgs
    $282,066
    Other
    $41,297
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,066 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $29,630 related
    Nontaxable benefits
    $0 + $11,667 related
    Filer's total
    $0 + $323,363 related

  • Elizabeth Sutton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Roxanne Meuse

    DIRECTOR

    Total calculated
    $325,186
    From this org
    $0
    From related orgs
    $284,279
    Other
    $40,907
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,279 related
    Bonus
    $0 + $35,000 related
    Other
    $0
    Deferred
    $0 + $29,240 related
    Nontaxable benefits
    $0 + $11,667 related
    Filer's total
    $0 + $325,186 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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 3
WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY WERE USED TO ESTABLISH COMPENSATION OF RELATED ORGANIZATION'S CEO/CFO, OFFICERS AND KEY EMPLOYEES. BOARD OR COMPENSATION COMMITTEE'S APPROVAL IS ALSO REQUIRED.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202611329349307906

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