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Nonprofiteer
← ROCK HILL SENIOR PROPERTIES INC

Form 990 for tax year 2023

Filed by ROCK HILL SENIOR PROPERTIES INC.

Totals

Total revenue
$623,732
Total expenses
$455,576
Contributions and grants received
$170,251
Grants paid
$0
Program service revenue
$199,907
Investment income
-$11,143
Other revenue
$264,717
Total assets, end of year
$2,222,503
Total liabilities, end of year
$3,788,879
Net assets or fund balances, end of year
-$1,566,376
Program services expenses (Part IX)
$342,678
Management and general expenses
$112,898
Fundraising expenses
$0
Program service expenses (Part III)
$342,678

Program services were 75.2% 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)

    $170,251

  • 2a · Program service revenue: RENTAL INCOME

    total $199,907 · related or exempt $199,907

  • 3 · Investment income

    total $2,401 · excluded $2,401

  • 7b · Less cost or other basis and sales expenses

    other assets $13,544

  • 7c · Gain or loss

    other assets -$13,544

  • 7d · Net gain or loss

    total -$13,544 · related or exempt -$13,544

  • 11a · Other revenue: CASUALTY GAIN

    total $261,601 · excluded $261,601

  • 11b · Other revenue: TENANT CHARGES

    total $1,803 · excluded $1,803

  • 11c · Other revenue: OTHER REVENUE-MISC.

    total $901 · excluded $901

  • 11d · All other revenue

    total $412 · excluded $412

  • 11e · Other revenue, total

    $264,717

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $53,944 · management and general $53,944

  • 11b · Fees: legal

    total $35 · management and general $35

  • 11c · Fees: accounting

    total $6,465 · management and general $6,465

  • 12 · Advertising and promotion

    total $143 · management and general $143

  • 13 · Office expenses

    total $9,333 · management and general $9,333

  • 14 · Information technology

    total $1,524 · management and general $1,524

  • 16 · Occupancy

    total $245,858 · program services $245,858

  • 17 · Travel

    total $1,313 · management and general $1,313

  • 19 · Conferences, conventions and meetings

    total $1,429 · management and general $1,429

  • 22 · Depreciation, depletion and amortization

    total $93,978 · program services $93,978

  • 23 · Insurance

    total $1,026 · management and general $1,026

  • 24a · Other expenses: MTG CO EMPLOYEE CHARGEB

    total $37,686 · management and general $37,686

  • 24b · Other expenses: BAD DEBTS

    total $2,842 · program services $2,842

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,351 · end of year $17,401

  • 4 · Accounts receivable

    beginning of year $1,734 · end of year $267,934

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

    $4,008,777

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

    $2,262,908

  • 10c · Land, buildings and equipment, net

    beginning of year $1,532,138 · end of year $1,745,869

  • 13 · Investments: program-related

    beginning of year $171,083 · end of year $175,520

  • 15 · Other assets

    beginning of year $14,489 · end of year $15,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,851 · end of year $352,942

  • 19 · Deferred revenue

    beginning of year $51 · end of year $336

  • 23 · Secured mortgages and notes payable

    beginning of year $3,416,100 · end of year $3,416,100

  • 25 · Other liabilities

    beginning of year $18,325 · end of year $19,501

  • 27 · Net assets without donor restrictions

    beginning of year -$1,734,532 · end of year -$1,566,376

Mission and programs · 2023

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 51 UNIT APARTMENT COMMUNITY IN ROCK HILL, SOUTH CAROLINA KNOWN AS GREEN STREET PLAZA APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION LEASES APARTMENT UNITS TO LOW INCOME FAMILIES (OR PERSONS). A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).

  • THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 51 UNIT APARTMENT COMMUNITY IN ROCK HILL, SOUTH CAROLINA KNOWN AS GREEN STREET PLAZA APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION LEASES APARTMENT UNITS TO LOW INCOME FAMILIES (OR PERSONS). A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).

    Expenses $342,678 · Revenue $186,363

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

Listed in Part VII

  • Tracy Plunkett

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Doris Browder

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Liz Hood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Paul Dillingham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Charles Helms

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Bill Gregory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Trina Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Jane Wasilewski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Brown Simpson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Lauren Giles

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 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.

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
2023
Filed
21 October 2024
IRS schema version
2023v5.1
Source object
202432959349301328

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