Totals
- Total revenue
- $1,349,305
- Total expenses
- $1,334,533
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,333,689
- Investment income
- $15,616
- Other revenue
- $0
- Total assets, end of year
- $2,671,859
- Total liabilities, end of year
- $7,525,194
- Net assets or fund balances, end of year
- -$4,853,335
- Program services expenses (Part IX)
- $1,334,533
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,334,533
Program services were 100.0% 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: RENTAL INCOME
total $1,316,979 · related or exempt $1,316,979
-
2b · Program service revenue: LAUNDRY/VENDING
total $16,710 · related or exempt $16,710
-
3 · Investment income
total $15,616 · excluded $15,616
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $63,877 · program services $63,877
-
11b · Fees: legal
total $1,281 · program services $1,281
-
11c · Fees: accounting
total $12,500 · program services $12,500
-
11g · Fees: other
total $7,078 · program services $7,078
-
13 · Office expenses
total $24,254 · program services $24,254
-
14 · Information technology
total $7,261 · program services $7,261
-
20 · Interest
total $319,876 · program services $319,876
-
22 · Depreciation, depletion and amortization
total $56,374 · program services $56,374
-
23 · Insurance
total $121,155 · program services $121,155
-
24a · Other expenses: MAINTENANCE
total $209,901 · program services $209,901
-
24b · Other expenses: WAGES ALLOCATION
total $171,362 · program services $171,362
-
24c · Other expenses: RESIDENT SERVICE COORDI
total $136,072 · program services $136,072
-
24d · Other expenses: REAL ESTATE TAXES
total $90,456 · program services $90,456
-
24e · All other expenses
total $113,086 · program services $113,086
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $103,417 · end of year $29,899
-
4 · Accounts receivable
beginning of year $5,751 · end of year $15,545
-
9 · Prepaid expenses and deferred charges
beginning of year $75,309 · end of year $90,201
-
10a · Land, buildings and equipment: cost or other basis
$4,946,147
-
10b · Land, buildings and equipment: accumulated depreciation
$4,003,157
-
10c · Land, buildings and equipment, net
beginning of year $999,364 · end of year $942,990
-
14 · Intangible assets
beginning of year $376,446 · end of year $364,527
-
15 · Other assets
beginning of year $1,239,567 · end of year $1,228,697
-
17 · Accounts payable and accrued expenses
beginning of year $116,767 · end of year $100,000
-
19 · Deferred revenue
beginning of year $9,580 · end of year $2,237
-
23 · Secured mortgages and notes payable
beginning of year $7,517,066 · end of year $7,397,762
-
25 · Other liabilities
beginning of year $24,548 · end of year $25,195
-
27 · Net assets without donor restrictions
beginning of year -$4,868,107 · end of year -$4,853,335
Mission and programs · 2022
Mission
TO REHABILITATE, OWN AND OPERATE 61 UNITS OF HOUSING FOR THE ELDERLY AND PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.
Activities or mission (Part I)
TO REHABILITATE, OWN AND OPERATE 61 UNITS OF HOUSING FOR THE ELDERLY
-
TO REHABILITATE, OWN AND OPERATE 61 UNITS OF HOUSING FOR THE ELDERLY AND PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.
Expenses $1,334,533 · Revenue $1,349,305
As filed on the 2022 return.
Listed in Part VII
-
Frank FaticantiFRANK FATICANTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ralph JordanRALPH JORDAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Bruce W AkashianBRUCE W AKASHIAN
TREASURER
- Total calculated
- $0
- Hours/week
- 4
-
Paul T KosciolekPAUL T KOSCIOLEK
CLERK
- Total calculated
- $0
- Hours/week
- 4
-
Suzanne FerreraSUZANNE FERRERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Timothy DemetriouTIMOTHY DEMETRIOU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Karoline EvansKAROLINE EVANS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
William T FlanaganWILLIAM T FLANAGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Adam MitchellADAM MITCHELL
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
Bob McMahonBOB MCMAHON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 3 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313199349315611
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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