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Nonprofiteer
← POMPTON LAKES SENIOR CITIZENS HOUSING CORP

Form 990 for tax year 2022

Filed by POMPTON LAKES SENIOR CITIZENS HOUSING CORP.

Totals

Total revenue
$2,340,424
Total expenses
$1,192,370
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,176,643
Investment income
$160,305
Other revenue
$3,476
Total assets, end of year
$13,225,813
Total liabilities, end of year
$87,852
Net assets or fund balances, end of year
$13,137,961
Program services expenses (Part IX)
$1,050,492
Management and general expenses
$141,878
Fundraising expenses
$0
Program service expenses (Part III)
$1,050,492

Program services were 88.1% 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 ASSISTANCE - HU

    total $1,664,929 · related or exempt $1,664,929

  • 2b · Program service revenue: TENANT PORTION OF RENT

    total $507,295 · related or exempt $507,295

  • 2c · Program service revenue: LAUNDRY REVENUE

    total $4,419 · related or exempt $4,419

  • 3 · Investment income

    total $160,305 · excluded $160,305

  • 11a · Other revenue: OTHER INCOME

    total $3,476 · excluded $3,476

  • 11e · Other revenue, total

    $3,476

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $177,626 · program services $114,467 · management and general $63,159

  • 9 · Other employee benefits

    total $59,328 · program services $38,232 · management and general $21,096

  • 10 · Payroll taxes

    total $14,620 · program services $9,421 · management and general $5,199

  • 11a · Fees: management

    total $69,600 · program services $69,600

  • 11c · Fees: accounting

    total $13,700 · management and general $13,700

  • 11g · Fees: other

    total $3,860 · management and general $3,860

  • 13 · Office expenses

    total $12,778 · management and general $12,778

  • 14 · Information technology

    total $114 · management and general $114

  • 16 · Occupancy

    total $132,054 · program services $132,054

  • 22 · Depreciation, depletion and amortization

    total $208,954 · program services $208,954

  • 23 · Insurance

    total $91,530 · program services $91,530

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $195,175 · program services $195,175

  • 24b · Other expenses: REAL ESTATE TAXES

    total $172,696 · program services $172,696

  • 24c · Other expenses: OTHER ADMINISTRATIVE EX

    total $21,972 · management and general $21,972

  • 24d · Other expenses: SOCIAL SERVICES

    total $18,363 · program services $18,363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $719,899 · end of year $877,389

  • 2 · Savings and temporary cash investments

    beginning of year $7,790,234 · end of year $9,041,994

  • 4 · Accounts receivable

    beginning of year $18,055 · end of year $7,868

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,559

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

    $9,590,104

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

    $6,339,965

  • 10c · Land, buildings and equipment, net

    beginning of year $3,409,073 · end of year $3,250,139

  • 15 · Other assets

    beginning of year $47,507 · end of year $48,423

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,582 · end of year $35,365

  • 19 · Deferred revenue

    beginning of year $10,633 · end of year $4,064

  • 21 · Escrow or custodial account liability

    beginning of year $47,507 · end of year $48,423

  • 27 · Net assets without donor restrictions

    beginning of year $11,905,605 · end of year $13,137,961

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING TO ELDERLY INDIVIDUALS.

  • THE ORGANIZATION OPERATES AND MAINTAINS AN APARTMENT COMPLEX OF 100 UNITS, EXCLUSIVELY FOR LOW-INCOME SENIOR CITIZENS.

    Expenses $1,050,492 · Revenue $2,176,643

As filed on the 2022 return.

Listed in Part VII

  • Al Ekkers

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jim Soojian

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Michelle Spencer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Jeff Kinon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Arthur Guarino

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • William Lowe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

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
10 May 2024
IRS schema version
2022v5.0
Source object
202401349349303540

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