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Nonprofiteer
← BETHEL PACE CENTRE

Form 990 for tax year 2024

Filed by BETHEL PACE CENTRE.

Totals

Total revenue
$477,402
Total expenses
$503,446
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$464,462
Investment income
$12,940
Other revenue
$0
Total assets, end of year
$1,110,282
Total liabilities, end of year
$1,594,199
Net assets or fund balances, end of year
-$483,917
Program services expenses (Part IX)
$468,421
Management and general expenses
$35,025
Fundraising expenses
$0
Program service expenses (Part III)
$468,421

Program services were 93.0% 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.

  • 2a · Program service revenue: TENANT ASSISTANCE PAYM

    total $387,318 · related or exempt $387,318

  • 2b · Program service revenue: RENT REVENUE

    total $75,632 · related or exempt $75,632

  • 2c · Program service revenue: LAUNDRY AND VENDING

    total $1,512 · related or exempt $1,512

  • 3 · Investment income

    total $12,940 · excluded $12,940

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $147,565 · program services $147,565

  • 9 · Other employee benefits

    total $16,834 · program services $16,834

  • 10 · Payroll taxes

    total $13,257 · program services $13,257

  • 11a · Fees: management

    total $18,435 · management and general $18,435

  • 11b · Fees: legal

    total $504 · program services $504

  • 11c · Fees: accounting

    total $16,590 · management and general $16,590

  • 12 · Advertising and promotion

    total $360 · program services $360

  • 13 · Office expenses

    total $21,847 · program services $21,847

  • 16 · Occupancy

    total $30,997 · program services $30,997

  • 22 · Depreciation, depletion and amortization

    total $69,788 · program services $69,788

  • 23 · Insurance

    total $29,272 · program services $29,272

  • 24a · Other expenses: SECURITY SERVICES

    total $72,028 · program services $72,028

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $43,172 · program services $43,172

  • 24c · Other expenses: MISCELLANEOUS ADMINISTR

    total $14,899 · program services $14,899

  • 24d · Other expenses: BAD DEBT

    total $382 · program services $382

  • 24e · All other expenses

    total $7,516 · program services $7,516

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,375

  • 4 · Accounts receivable

    beginning of year $4,441 · end of year $4,084

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,833 · end of year $23,245

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

    $2,811,389

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

    $2,113,091

  • 10c · Land, buildings and equipment, net

    beginning of year $623,390 · end of year $698,298

  • 15 · Other assets

    beginning of year $441,885 · end of year $384,655

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,206 · end of year $46,843

  • 23 · Secured mortgages and notes payable

    beginning of year $1,538,300 · end of year $1,538,300

  • 25 · Other liabilities

    beginning of year $13,291 · end of year $9,056

  • 27 · Net assets without donor restrictions

    beginning of year -$457,873 · end of year -$483,917

Mission and programs · 2024

Mission

THE ORGANIZATION OWNS AND OPERATES A 22 UNIT FACILITY FOR THE ELDERLY AND DISABLED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.

Activities or mission (Part I)

LOW INCOME HOUSING

  • THE ORGANIZATION OWNS AND OPERATES A 22 UNIT FACILITY FOR THE ELDERLY AND DISABLED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.

    Expenses $468,421 · Revenue $464,462

As filed on the 2024 return.

Listed in Part VII

  • Sharif Walker

    PRESIDENT / CEO

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Andrew Curtis

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Vauna Hernandez

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Lolita Slaughter

    FINANCE DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Mahomed Ouedrago

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Jeremy Edelson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • Frank Bass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Sherman Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Deborah Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Claribel Rodriguez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Gloria Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Virginia Spitzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Joe Young

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 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
2024
Filed
3 February 2026
IRS schema version
2024v5.5
Source object
202630369349301688

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