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Nonprofiteer
← METHODIST TOWERS INC

Form 990 for tax year 2024

Filed by METHODIST TOWERS INC.

Totals

Total revenue
$28,006
Total expenses
$23,315
Contributions and grants received
$13,959
Grants paid
$16,750
Program service revenue
$0
Investment income
$14,047
Other revenue
$0
Total assets, end of year
$651,773
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$651,773
Program services expenses (Part IX)
$16,750
Management and general expenses
$6,565
Fundraising expenses
$0
Program service expenses (Part III)
$23,315

Program services were 71.8% 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.

  • 1f · All other contributions, gifts and grants

    $13,959

  • 3 · Investment income

    total $14,047 · related or exempt $14,047

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,750 · program services $16,750

  • 11c · Fees: accounting

    total $6,565 · management and general $6,565

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,684 · end of year $16,126

  • 2 · Savings and temporary cash investments

    beginning of year $92,166 · end of year $86,072

  • 12 · Investments: other securities

    beginning of year $540,885 · end of year $549,575

  • 27 · Net assets without donor restrictions

    beginning of year $636,735 · end of year $651,773

Mission and programs · 2024

Mission

TO PROVIDE FOR AFFORDABLE HOUSING FOR LOW INCOME AND MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE ELDERLY

Activities or mission (Part I)

TO PROVIDE AFFORDABLE RENTAL HOUSING AND RELATED ACTIVITIES SPECIALLY DESIGNED FOR LOW INCOME

  • TO PROVIDE FOR AFFORDABLE HOUSING FOR LOW INCOME AND MEET THE PHYSICAL

    Expenses $23,315 · Grants $13,959 · Revenue $14,047

As filed on the 2024 return.

Listed in Part VII

  • Rev Robert Trask

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trudy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Diane Winicki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Reim

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mary Campbell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Scott Toten

    SECRETARY

    Total calculated
    $0
    Hours/week
    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

Provenance

Return type
form_990
Tax year
2024
Filed
16 January 2026
IRS schema version
2024v5.2
Source object
202630169349300448

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