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← 200 OBLATE INCORPORATED

Form 990 for tax year 2023

Filed by 200 OBLATE INCORPORATED.

Totals

Total revenue
$189,810
Total expenses
$182,032
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$188,775
Investment income
$1,035
Other revenue
$0
Total assets, end of year
$544,267
Total liabilities, end of year
$888,157
Net assets or fund balances, end of year
-$343,890
Program services expenses (Part IX)
$154,408
Management and general expenses
$27,624
Fundraising expenses
$0
Program service expenses (Part III)
$154,408

Program services were 84.8% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $188,775 · related or exempt $188,775

  • 3 · Investment income

    total $1,035 · related or exempt $1,035

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $15,895 · management and general $15,895

  • 11c · Fees: accounting

    total $11,089 · management and general $11,089

  • 11g · Fees: other

    total $45,260 · program services $45,260

  • 12 · Advertising and promotion

    total $109 · program services $109

  • 13 · Office expenses

    total $7,008 · program services $7,008

  • 16 · Occupancy

    total $39,634 · program services $39,634

  • 19 · Conferences, conventions and meetings

    total $640 · management and general $640

  • 22 · Depreciation, depletion and amortization

    total $31,671 · program services $31,671

  • 23 · Insurance

    total $1,066 · program services $1,066

  • 24a · Other expenses: OPERATING EXPENSE

    total $28,802 · program services $28,802

  • 24b · Other expenses: MISC ADMIN

    total $858 · program services $858

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,496 · end of year $16,012

  • 4 · Accounts receivable

    beginning of year $258 · end of year $828

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,000 · end of year $14,539

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

    $1,112,901

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

    $658,994

  • 10c · Land, buildings and equipment, net

    beginning of year $468,434 · end of year $453,907

  • 15 · Other assets

    beginning of year $52,681 · end of year $58,981

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,489 · end of year $14,753

  • 19 · Deferred revenue

    beginning of year $69 · end of year $13

  • 23 · Secured mortgages and notes payable

    beginning of year $868,200 · end of year $868,200

  • 25 · Other liabilities

    beginning of year $4,779 · end of year $5,191

  • 27 · Net assets without donor restrictions

    beginning of year -$351,668 · end of year -$343,890

Mission and programs · 2023

Mission

FORM 990 PART III, LINE 1 - ORGANIZATION'S MISSION THE CORPORATION IS A SUPERVISED APARTMENT PROGRAM FOR ADULTS WITH INTELLECTUAL AND OTHER DEVELOPMENTAL DISABILITIES WHO NEED MINIMAL SUPPORTS. THE GOAL OF THE PROGRAM IS TO PROVIDE SUPPORTIVE SERVICES TO ASSIST AND OPTIMIZE THE INDEPENDENCE AND PRODUCTIVITY OF THE ADULTS IN AN AFFORDABLE LIVING ARRANGEMENT.

Activities or mission (Part I)

HUD SUBSIDIZED APARTMENT PROGRAM PROVIDING AFFORDABLE HOUSING WITH SUPPORTIVE SERVICES EXCLUSIVELY FOR ADULTES WITH DEVELOPMENTAL DISABILITES.

  • PROVIDES AFFORDABLE HOUSING FOR ADULTS WITH DEVELOPMENTAL (INTELLECTUAL) DISABILITIES AND IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT, REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AND IS SUBJECT TO SECTION 8 HOUSING ASSISTANCE PAYMENTS AGREEMENTS WITH HUD. APPROXIMATELY 24 INDIVIDUALS WERE PROVIDED SERVICES DURING THE YEAR ENDED.

    Expenses $154,408 · Revenue $188,775

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

Listed in Part VII

  • LORA BUTLER

    MEMBER

    Total calculated
    $146,518
    From this org
    $0
    From related orgs
    $146,518
    Other
    $0
    Hours/week
    1 + 40 related

  • JAN HAMMER

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KNOX M PITTS II

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • BEVERLY BARSHOP

    MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • CAROL WHITE

    SECRETARY

    Total calculated
    $111,138
    From this org
    $0
    From related orgs
    $111,138
    Other
    $0
    Hours/week
    1 + 40 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
27 August 2024
IRS schema version
2023v5.0
Source object
202442679349301204

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