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Nonprofiteer
← GOLDEN GLOW TOWER INC

Form 990 for tax year 2025

Filed by GOLDEN GLOW TOWER INC.

Totals

Total revenue
$1,028,863
Total expenses
$821,056
Contributions and grants received
$270,210
Grants paid
$0
Program service revenue
$756,623
Investment income
$2,030
Other revenue
$0
Total assets, end of year
$4,859,331
Total liabilities, end of year
$4,915,029
Net assets or fund balances, end of year
-$55,698
Program services expenses (Part IX)
$786,564
Management and general expenses
$34,492
Fundraising expenses
$0
Program service expenses (Part III)
$786,564

Program services were 95.8% 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.

  • 1f · All other contributions, gifts and grants

    $270,210

  • 2a · Program service revenue: PROGRAM RENTS

    total $756,623 · related or exempt $756,623

  • 3 · Investment income

    total $2,030 · excluded $2,030

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $71,515 · program services $41,258 · management and general $30,257

  • 9 · Other employee benefits

    total $4,665 · program services $2,850 · management and general $1,815

  • 10 · Payroll taxes

    total $5,715 · program services $3,295 · management and general $2,420

  • 11g · Fees: other

    total $3,145 · program services $3,145

  • 12 · Advertising and promotion

    total $1,233 · program services $1,233

  • 13 · Office expenses

    total $5,285 · program services $5,285

  • 14 · Information technology

    total $2,444 · program services $2,444

  • 16 · Occupancy

    total $194,377 · program services $194,377

  • 17 · Travel

    total $142 · program services $142

  • 20 · Interest

    total $288,064 · program services $288,064

  • 22 · Depreciation, depletion and amortization

    total $221,746 · program services $221,746

  • 23 · Insurance

    total $22,628 · program services $22,628

  • 24a · Other expenses: OTHER

    total $97 · program services $97

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $201,969 · end of year $266,463

  • 4 · Accounts receivable

    end of year $153,697

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,940 · end of year $88,128

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

    $4,754,776

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

    $435,750

  • 10c · Land, buildings and equipment, net

    beginning of year $4,306,613 · end of year $4,319,026

  • 15 · Other assets

    beginning of year $8,829 · end of year $32,017

  • 23 · Secured mortgages and notes payable

    beginning of year $4,881,556 · end of year $4,901,000

  • 25 · Other liabilities

    beginning of year $10,300 · end of year $14,029

  • 27 · Net assets without donor restrictions

    beginning of year -$267,505 · end of year -$55,698

  • 28 · Net assets with donor restrictions

    beginning of year $4,000 · end of year $0

Mission and programs · 2025

Mission

PRESERVE AFFORDABLE HOUSING WHILE PROVIDING EMPOWERING SERVICES THAT LEAD TO GREATER FLOURISHING.

  • AFFORDABLE HOUSING DEVELOPMENT: DEVELOPING AFFORDABLE HOUSING THROUGH INNOVATIVE CONSTRUCTION AND FINANCING PROCESSES.

    Expenses $786,564 · Revenue $756,623

As filed on the 2025 return.

Listed in Part VII

  • Jerry Brady

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Megan Manlove

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Laura Rideout

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bart Cochran

    CEO

    Total calculated
    $95,636
    From this org
    $0
    From related orgs
    $95,177
    Other
    $459
    Hours/week
    40

  • Brian Woodward

    COO

    Total calculated
    $146,166
    From this org
    $0
    From related orgs
    $138,479
    Other
    $7,687
    Hours/week
    40

  • Jessica Boggs

    BOARD MEMBER

    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.

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
2025
Filed
2 September 2026
IRS schema version
2025v4.2
Source object
202622539349300112

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