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Nonprofiteer
← UNIVERSITY GARDENS INC

Form 990 for tax year 2024

Filed by UNIVERSITY GARDENS INC.

Totals

Total revenue
$214,146
Total expenses
$170,210
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$210,495
Investment income
$3,651
Other revenue
$0
Total assets, end of year
$407,970
Total liabilities, end of year
$226,582
Net assets or fund balances, end of year
$181,388
Program services expenses (Part IX)
$147,287
Management and general expenses
$22,923
Fundraising expenses
$0
Program service expenses (Part III)
$147,287

Program services were 86.5% 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: APARTMENT RENTALS

    total $210,495 · related or exempt $210,495

  • 3 · Investment income

    total $3,651 · related or exempt $3,651

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $26,440 · program services $26,440

  • 9 · Other employee benefits

    total $2,971 · program services $2,971

  • 10 · Payroll taxes

    total $1,898 · program services $1,898

  • 11a · Fees: management

    total $11,087 · management and general $11,087

  • 11c · Fees: accounting

    total $5,750 · management and general $5,750

  • 12 · Advertising and promotion

    total $1,574 · program services $1,574

  • 13 · Office expenses

    total $4,762 · management and general $4,762

  • 16 · Occupancy

    total $70,950 · program services $70,950

  • 19 · Conferences, conventions and meetings

    total $1,324 · management and general $1,324

  • 20 · Interest

    total $18,471 · program services $18,471

  • 22 · Depreciation, depletion and amortization

    total $14,668 · program services $14,668

  • 23 · Insurance

    total $10,315 · program services $10,315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,649 · end of year $14,670

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,595 · end of year $6,847

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

    $652,117

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

    $551,556

  • 10c · Land, buildings and equipment, net

    beginning of year $115,231 · end of year $100,561

  • 15 · Other assets

    beginning of year $264,196 · end of year $285,892

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,569 · end of year $30,393

  • 23 · Secured mortgages and notes payable

    beginning of year $223,073 · end of year $189,604

  • 25 · Other liabilities

    beginning of year $5,577 · end of year $6,585

  • 27 · Net assets without donor restrictions

    beginning of year $137,452 · end of year $181,388

Mission and programs · 2024

Mission

PROVIDING LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS IN BEEBE, ARKANSAS

Activities or mission (Part I)

LOW INCOME HOUSING FOR THE ELDERLY & HANDICAPPED

  • PROVIDING LOW INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS IN BEEBE, ARKANSAS

    Expenses $147,287 · Revenue $210,495

  • Revenue $3,651

As filed on the 2024 return.

Listed in Part VII

  • Jack Wilson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Becky Brown

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Paula Gray

    SEC/TREAS

    Total calculated
    $0
    Hours/week
    0.1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
1 May 2025
IRS schema version
2024v5.1
Source object
202531219349302618

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