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Nonprofiteer
← OAKMAN VILLAGE MANOR SENIOR HOUSING DEVELOPMENT CORP

Form 990 for tax year 2023

Filed by OAKMAN VILLAGE MANOR SENIOR HOUSING DEVELOPMENT CORP.

Totals

Total revenue
$530,295
Total expenses
$716,670
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$526,034
Investment income
$226
Other revenue
$4,035
Total assets, end of year
$3,615,208
Total liabilities, end of year
$5,817,574
Net assets or fund balances, end of year
-$2,202,366
Program services expenses (Part IX)
$635,959
Management and general expenses
$80,711
Fundraising expenses
$0
Program service expenses (Part III)
$635,959

Program services were 88.7% 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: apartment rent

    total $526,034 · related or exempt $526,034

  • 3 · Investment income

    total $226 · related or exempt $226

  • 11a · Other revenue: Laundry vending revenue

    total $4,035 · related or exempt $4,035

  • 11e · Other revenue, total

    $4,035

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $65,355 · program services $52,284 · management and general $13,071

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $30,284 · program services $30,284

  • 8 · Pension plan contributions

    total $569 · program services $455 · management and general $114

  • 9 · Other employee benefits

    total $11,651 · program services $9,321 · management and general $2,330

  • 10 · Payroll taxes

    total $7,829 · program services $6,263 · management and general $1,566

  • 11a · Fees: management

    total $33,000 · management and general $33,000

  • 11b · Fees: legal

    total $98 · management and general $98

  • 11c · Fees: accounting

    total $12,838 · management and general $12,838

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $20,739 · program services $20,739

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $8,310 · program services $90 · management and general $8,220

  • 14 · Information technology

    total $21,834 · program services $17,467 · management and general $4,367

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $257,131 · program services $255,706 · management and general $1,425

  • 17 · Travel

    total $625 · program services $625

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $50 · program services $50

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $169,642 · program services $168,772 · management and general $870

  • 23 · Insurance

    total $46,941 · program services $46,700 · management and general $241

  • 24a · Other expenses: supplies

    total $16,915 · program services $16,915

  • 24e · All other expenses

    total $12,859 · program services $10,288 · management and general $2,571

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,250 · end of year $586

  • 2 · Savings and temporary cash investments

    beginning of year $99,908 · end of year $74,878

  • 4 · Accounts receivable

    beginning of year $2,575 · end of year $11,487

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

    $6,499,753

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

    $2,971,496

  • 10c · Land, buildings and equipment, net

    beginning of year $3,674,102 · end of year $3,528,257

  • 17 · Accounts payable and accrued expenses

    beginning of year $128,277 · end of year $150,875

  • 25 · Other liabilities

    beginning of year $5,666,549 · end of year $5,666,699

  • 27 · Net assets without donor restrictions

    beginning of year -$2,015,991 · end of year -$2,202,366

Mission and programs · 2023

Mission

Provide housing and services to low income senior adults

  • Provide housing and related services to low income senior adults

    Expenses $635,959 · Revenue $530,295

As filed on the 2023 return.

Listed in Part VII

  • Deborah Beard

    Administrator

    Total calculated
    $73,185
    From this org
    $73,185
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Maynard Timm

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Barbara Williams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Johnnie Jackson

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Thomas Armstead

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deborah Fisher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard White III

    Director

    Total calculated
    $0
    Hours/week
    1

  • Elaine Hearns

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Patrica Ann Rencher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tod Miller

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Jones

    Director

    Total calculated
    $0
    Hours/week
    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.

Schedule J

Answered yes

None.

Answered no

  • 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
  • 9 · Followed the rebuttable-presumption procedure

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
2023
Filed
31 March 2025
IRS schema version
2023v6.0
Source object
202521049349300707

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