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Nonprofiteer
← SUMMERDALE COURT INC

Form 990 for tax year 2022

Filed by SUMMERDALE COURT INC.

Totals

Total revenue
$114,308
Total expenses
$161,171
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$114,197
Investment income
$75
Other revenue
$36
Total assets, end of year
$596,157
Total liabilities, end of year
$573,296
Net assets or fund balances, end of year
$22,861
Program services expenses (Part IX)
$151,691
Management and general expenses
$9,480
Fundraising expenses
$0
Program service expenses (Part III)
$151,691

Program services were 94.1% 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 $71,579 · related or exempt $71,579

  • 2b · Program service revenue: RENTAL REVENUE, NET

    total $42,618 · related or exempt $42,618

  • 3 · Investment income

    total $75 · excluded $75

  • 11a · Other revenue: COIN LAUNDRY

    total $36 · excluded $36

  • 11e · Other revenue, total

    $36

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $5,568 · management and general $5,568

  • 11b · Fees: legal

    total $1,055 · program services $1,055

  • 11c · Fees: accounting

    total $3,912 · management and general $3,912

  • 12 · Advertising and promotion

    total $43 · program services $43

  • 13 · Office expenses

    total $8,721 · program services $8,721

  • 16 · Occupancy

    total $30,723 · program services $30,723

  • 22 · Depreciation, depletion and amortization

    total $25,783 · program services $25,783

  • 23 · Insurance

    total $2,865 · program services $2,865

  • 24a · Other expenses: OPERATING & MAINTENANCE

    total $73,358 · program services $73,358

  • 24b · Other expenses: MANAGEMENT STAFFING EXP

    total $6,588 · program services $6,588

  • 24c · Other expenses: OTHER ADMINISTRATIVE EX

    total $1,509 · program services $1,509

  • 24d · Other expenses: BAD DEBTS

    total $1,046 · program services $1,046

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,069 · end of year $12,045

  • 4 · Accounts receivable

    beginning of year $796 · end of year $1,117

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,266 · end of year $3,481

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

    $1,022,198

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

    $506,425

  • 10c · Land, buildings and equipment, net

    beginning of year $541,556 · end of year $515,773

  • 15 · Other assets

    beginning of year $85,060 · end of year $63,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,642 · end of year $21,835

  • 19 · Deferred revenue

    beginning of year $728 · end of year $25

  • 24 · Unsecured notes and loans payable

    beginning of year $549,200 · end of year $549,200

  • 25 · Other liabilities

    beginning of year $2,453 · end of year $2,236

  • 27 · Net assets without donor restrictions

    beginning of year $69,724 · end of year $22,861

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE QUALITY HOUSING TO THE ELDERLY, PEOPLE WITH DISABILITIES AND VERY LOW INCOME PEOPLE.

  • RENTAL HOUSING FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. SUMMERDALE COURT, INC. OPERATES A 8-UNIT APARTMENT COMPLEX IN CLAIRTON, PENNSYLVANIA. THE OPERATION IS CONDUCTED UNDER THE AUSPICES OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $151,691 · Revenue $114,197

As filed on the 2022 return.

Listed in Part VII

  • Matthew Osborne

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Paul Ponte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Segel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Patrick Shea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joshua Hammond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Robert Baldacci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eleanor White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Stape

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John O'Britz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 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
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202313179349302526

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