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Nonprofiteer
← BELLTOWN ELDERLY HOUSING INC

Form 990 for tax year 2023

Filed by BELLTOWN ELDERLY HOUSING INC.

Totals

Total revenue
$597,152
Total expenses
$528,433
Contributions and grants received
$24,998
Grants paid
$0
Program service revenue
$569,785
Investment income
$2,369
Other revenue
$0
Total assets, end of year
$1,836,852
Total liabilities, end of year
$5,279,380
Net assets or fund balances, end of year
-$3,442,528
Program services expenses (Part IX)
$279,629
Management and general expenses
$248,804
Fundraising expenses
$0
Program service expenses (Part III)
$279,629

Program services were 52.9% 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

    $24,998

  • 2a · Program service revenue: RENTAL INCOME

    total $568,750 · related or exempt $568,750

  • 2b · Program service revenue: LAUNDRY AND VENDING

    total $1,035 · related or exempt $1,035

  • 3 · Investment income

    total $2,369 · excluded $2,369

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $28,438 · management and general $28,438

  • 11b · Fees: legal

    total $2,637 · management and general $2,637

  • 11g · Fees: other

    total $21,985 · program services $3,307 · management and general $18,678

  • 13 · Office expenses

    total $40,819 · management and general $40,819

  • 16 · Occupancy

    total $134,832 · program services $134,832

  • 20 · Interest

    total $132,589 · management and general $132,589

  • 22 · Depreciation, depletion and amortization

    total $65,091 · program services $65,091

  • 23 · Insurance

    total $25,643 · management and general $25,643

  • 24a · Other expenses: REIMBURSED STAFF EXPENS

    total $76,399 · program services $76,399

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,462,488 · end of year $93,246

  • 2 · Savings and temporary cash investments

    beginning of year $178,568 · end of year $217,902

  • 4 · Accounts receivable

    beginning of year $19,466 · end of year $12,752

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,726 · end of year $35,440

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

    $4,095,494

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

    $2,617,982

  • 10c · Land, buildings and equipment, net

    beginning of year $1,542,603 · end of year $1,477,512

  • 17 · Accounts payable and accrued expenses

    beginning of year $223,241 · end of year $78,755

  • 23 · Secured mortgages and notes payable

    beginning of year $5,280,174 · end of year $5,200,625

  • 27 · Net assets without donor restrictions

    beginning of year -$2,279,564 · end of year -$3,442,528

Mission and programs · 2023

Mission

BELLTOWN WAS ESTABLISHED IN 1989 TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY IN THE CITY OF STAMFORD, CONNECTICUT. BELLTOWN OPERATES TWENTY-SEVEN UNITS OF ELDERLY HOUSING UNDER FEDERAL HOUSING ADMINISTRATION PROJECT #017-111000. BELLTOWN OPERATES UNDER THE SPONSORSHIP OF NEW NEIGHBORHOODS, INC., A NOT-FOR-PROFIT CORPORATION.

Activities or mission (Part I)

PROVIDE HOUSING FOR THE ELDERLY

  • SPONSOR OF TWENTY-SEVEN UNITS OF FHA INSURED AFFORDABLE HOUSING FOR THE ELDERLY IN STAMFORD, CT.

    Expenses $279,629 · Revenue $569,785

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WILLIAM J HEALY II

    PRESIDENT

    Total calculated
    $331,447
    From this org
    $0
    From related orgs
    $273,788
    Other
    $57,659
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,788 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,000 related
    Nontaxable benefits
    $0 + $27,659 related
    Filer's total
    $0 + $331,447 related

  • KEVIN C GEORGE

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RHONDA M LEONE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PHIL SWAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • NEW NEIGHBORHOODS INC

    $1,231,683

    Disposition · DISTRIBUTION OF NET ASSETS TO SPONSOR · Nov 23, 2023 · 501 (C)(3)

Provenance

Return type
form_990
Tax year
2023
Filed
30 September 2024
IRS schema version
2023v5.1
Source object
202422749349300517

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