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Nonprofiteer
← SILVERWOOD CASITAS INC

Form 990 for tax year 2025

Filed by SILVERWOOD CASITAS INC.

Totals

Total revenue
$407,998
Total expenses
$512,701
Contributions and grants received
$225,139
Grants paid
$0
Program service revenue
$182,818
Investment income
$41
Other revenue
$0
Total assets, end of year
$4,676,457
Total liabilities, end of year
$52,126
Net assets or fund balances, end of year
$4,624,331
Program services expenses (Part IX)
$512,701
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$512,701

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $225,139

  • 2a · Program service revenue: RENT REVENUE

    total $181,831 · related or exempt $181,831

  • 2b · Program service revenue: TENANT CHARGES

    total $518 · related or exempt $518

  • 2c · Program service revenue: LAUNDRY AND VENDING RE

    total $469 · related or exempt $469

  • 3 · Investment income

    total $41 · related or exempt $41

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $107,281 · program services $107,281

  • 9 · Other employee benefits

    total $13,111 · program services $13,111

  • 10 · Payroll taxes

    total $8,018 · program services $8,018

  • 11a · Fees: management

    total $24,934 · program services $24,934

  • 11c · Fees: accounting

    total $10,515 · program services $10,515

  • 12 · Advertising and promotion

    total $643 · program services $643

  • 13 · Office expenses

    total $11,809 · program services $11,809

  • 22 · Depreciation, depletion and amortization

    total $146,109 · program services $146,109

  • 23 · Insurance

    total $19,730 · program services $19,730

  • 24a · Other expenses: UTILITIES

    total $74,857 · program services $74,857

  • 24b · Other expenses: SECURITY CONTRACT

    total $30,443 · program services $30,443

  • 24c · Other expenses: CONTRACTS

    total $24,299 · program services $24,299

  • 24d · Other expenses: SUPPLIES

    total $16,251 · program services $16,251

  • 24e · All other expenses

    total $24,701 · program services $24,701

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $50,856 · end of year $37,498

  • 2 · Savings and temporary cash investments

    beginning of year $12,309 · end of year $13,730

  • 4 · Accounts receivable

    beginning of year $562 · end of year $478

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,855 · end of year $6,690

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

    $6,150,674

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

    $1,668,843

  • 10c · Land, buildings and equipment, net

    beginning of year $4,595,398 · end of year $4,481,831

  • 15 · Other assets

    beginning of year $131,721 · end of year $136,230

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,049 · end of year $34,197

  • 19 · Deferred revenue

    beginning of year $84 · end of year $4,199

  • 25 · Other liabilities

    beginning of year $12,534 · end of year $13,730

  • 27 · Net assets without donor restrictions

    beginning of year -$1,130,366 · end of year -$1,235,069

  • 28 · Net assets with donor restrictions

    beginning of year $5,859,400 · end of year $5,859,400

Mission and programs · 2025

Mission

TO MANAGE A US DEPARTMENT OF HOUSING & URBAN DEVELOPMENT SECTION 202 PROJECT PROVIDING HOUSING TO LOW INCOME ELDERLY RESIDENTS

  • PROVIDE SUPPORTIVE HOUSING TO THE ELDERLY UNDER HUD SECTION 202

    Expenses $512,701 · Revenue $182,859

As filed on the 2025 return.

Listed in Part VII

  • Meghan Heddings

    EXECUTIVE DIRECTOR

    Total calculated
    $159,351
    From this org
    $0
    From related orgs
    $159,351
    Other
    $0
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $140,151 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $4,200 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $159,351 related

  • Diane Quihuis

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Megan O'Leary

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • John Payne

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Steven Russo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Daniel W Knee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Gregg Sasse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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.

  • FAMILY HOUSING RESOURCES INC

    501(C)(3) · SUPPORTIVE HOUSING OPTIONS FOR LOW INCOME · AZ

    Directly controlled by 509(A)(2)

  • INDUSTRIAL DEV AUTHORITY OF PIM COUNTY

    GOVERNMENT · ISSUE TAX EXEMPT BONDS · AZ

Provenance

Return type
form_990
Tax year
2025
Filed
28 April 2026
IRS schema version
2025v4.1
Source object
202601329349306690

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