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← KEN-CREST HOUSING DEL II INC

Form 990 for tax year 2022

Filed by KEN-CREST HOUSING DEL II INC.

Totals

Total revenue
$151,619
Total expenses
$155,273
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$151,546
Investment income
$73
Other revenue
$0
Total assets, end of year
$557,425
Total liabilities, end of year
$164,496
Net assets or fund balances, end of year
$392,929
Program services expenses (Part IX)
$117,313
Management and general expenses
$37,960
Fundraising expenses
$0
Program service expenses (Part III)
$117,313

Program services were 75.6% 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: RENTAL INCOME

    total $151,546 · related or exempt $151,546

  • 3 · Investment income

    total $73 · excluded $73

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $27,097 · program services $16,537 · management and general $10,560

  • 9 · Other employee benefits

    total $3,517 · program services $3,517

  • 10 · Payroll taxes

    total $2,129 · management and general $2,129

  • 11g · Fees: other

    total $10,540 · management and general $10,540

  • 13 · Office expenses

    total $14,659 · management and general $14,659

  • 22 · Depreciation, depletion and amortization

    total $25,663 · program services $25,663

  • 23 · Insurance

    total $7,424 · program services $7,352 · management and general $72

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $32,339 · program services $32,339

  • 24b · Other expenses: UTILITIES

    total $29,204 · program services $29,204

  • 24c · Other expenses: REAL ESTATE TAXES

    total $2,701 · program services $2,701

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,986 · end of year $20,802

  • 4 · Accounts receivable

    beginning of year $18,344 · end of year $24,138

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

    $1,122,118

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

    $697,174

  • 10c · Land, buildings and equipment, net

    beginning of year $450,607 · end of year $424,944

  • 15 · Other assets

    beginning of year $56,132 · end of year $87,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,686 · end of year $160,874

  • 25 · Other liabilities

    beginning of year $2,800 · end of year $3,622

  • 27 · Net assets without donor restrictions

    beginning of year $396,583 · end of year $392,929

Mission and programs · 2022

Mission

KEN-CREST HOUSING DEL II, INC. WAS ORGANIZED TO AQUIRE, REHABILITATE, CONSTRUCT, OWN AND OPERATE 15 HOUSING UNITS IN DELAWARE TO PROVIDE HOUSING FOR PEOPLE WITH DISABILITIES AS MAY BE IDENTIFIED BY FEDERAL, STATE, OR COUNTY OFFICIALS.

Activities or mission (Part I)

OWN AND OPERATE A NON-PROFIT HOUSING PROJECT FOR PEOPLE WITH DISABILITIES UNDER SECTION 811 CAPITAL ADVANCE PROGRAM OF U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

  • TO OPERATE A NON-PROFIT CORPORATION TO PROVIDE HOUSING FOR PEOPLE WITH DISABILITIES PURSUANT TO SECTION 811 OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $117,313 · Revenue $151,546

As filed on the 2022 return.

Listed in Part VII

  • CHARLES W HORN III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • SEAN OUTEN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • ERIC RAHE

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KEVIN DOUGHER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SCOTT MCCLOSKEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • MARIAN BALDINI

    CEO

    Total calculated
    $0
    Hours/week
    0.5

  • COLLEEN KELLY

    CFO

    Total calculated
    $0
    Hours/week
    0.5

  • BRETT ASKINS

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JACK RULE

    MEMBER

    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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
12 December 2023
IRS schema version
2022v5.0
Source object
202303469349300815

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