Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL REVENUE

  total $1,431,884 · related or exempt $1,431,884

• 3 · Investment income

  total $299 · excluded $299

• 11a · Other revenue: BAD DEBT RECOVERY

  total $46,483 · excluded $46,483

• 11b · Other revenue: LAUNDRY

  total $7,344 · excluded $7,344

• 11c · Other revenue: LATE FEES

  total $762 · excluded $762

• 11d · All other revenue

  total $820 · excluded $820

• 11e · Other revenue, total

  $55,409

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,250 · program services $3,250

• 7 · Other salaries and wages

  total $234,724 · program services $116,156 · management and general $118,568

• 8 · Pension plan contributions

  total $10,545 · program services $4,630 · management and general $5,915

• 9 · Other employee benefits

  total $30,811 · program services $13,528 · management and general $17,283

• 10 · Payroll taxes

  total $17,005 · program services $8,247 · management and general $8,758

• 11a · Fees: management

  total $86,272 · management and general $86,272

• 11b · Fees: legal

  total $17,267 · management and general $17,267

• 11c · Fees: accounting

  total $9,579 · management and general $9,579

• 11g · Fees: other

  total $123,287 · program services $87,574 · management and general $35,713

• 13 · Office expenses

  total $51,828 · program services $48,127 · management and general $3,701

• 14 · Information technology

  total $6,528 · program services $127 · management and general $6,401

• 16 · Occupancy

  total $169,808 · program services $169,808

• 17 · Travel

  total $635 · program services $635

• 19 · Conferences, conventions and meetings

  total $2,959 · management and general $2,959

• 22 · Depreciation, depletion and amortization

  total $93,060 · program services $93,060

• 24a · Other expenses: STAFF APARTMENT EXPENSE

  total $2,802 · management and general $2,802

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $300 · end of year $300

• 2 · Savings and temporary cash investments

  beginning of year $443,615 · end of year $74,595

• 4 · Accounts receivable

  beginning of year $96,357 · end of year $13,907

• 9 · Prepaid expenses and deferred charges

  beginning of year $54,941 · end of year $53,896

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

  $6,193,066

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

  $5,177,289

• 10c · Land, buildings and equipment, net

  beginning of year $898,842 · end of year $1,015,777

• 11 · Investments: publicly traded securities

  beginning of year $51,660 · end of year $1,003,551

• 15 · Other assets

  beginning of year $0 · end of year $55,909

• 17 · Accounts payable and accrued expenses

  beginning of year $33,760 · end of year $72,181

• 19 · Deferred revenue

  beginning of year $23,084 · end of year $41,802

• 21 · Escrow or custodial account liability

  beginning of year $41,460 · end of year $40,901

• 25 · Other liabilities

  beginning of year $11,592 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $1,435,819 · end of year $2,063,051

The filer's explanations (Part III)

PART I, LINE 3

OFFICERS AND KEY EMPLOYEES ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS OR STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.