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Nonprofiteer
← KELSCH HOMES INC

Form 990 for tax year 2022

Filed by KELSCH HOMES INC.

Totals

Total revenue
$2,240,500
Total expenses
$2,205,272
Contributions and grants received
$9,927
Grants paid
$0
Program service revenue
$2,230,573
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,098,235
Total liabilities, end of year
$1,757,866
Net assets or fund balances, end of year
$340,369
Program services expenses (Part IX)
$2,184,787
Management and general expenses
$20,485
Fundraising expenses
$0
Program service expenses (Part III)
$2,184,787

Program services were 99.1% 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.

  • 1e · Government grants (contributions)

    $9,927

  • 2a · Program service revenue: RENTAL ASSISTANCE ROOM

    total $1,172,509 · related or exempt $1,172,509

  • 2b · Program service revenue: ROOM AND BOARD

    total $937,227 · related or exempt $937,227

  • 2c · Program service revenue: GROSS RENTS

    total $120,837 · related or exempt $120,837

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $4,249 · management and general $4,249

  • 11c · Fees: accounting

    total $7,500 · management and general $7,500

  • 22 · Depreciation, depletion and amortization

    total $6,786 · management and general $6,786

  • 24a · Other expenses: RENT EXPENSE

    total $991,749 · program services $991,749

  • 24b · Other expenses: FOOD AND HOUSEHOLD

    total $485,983 · program services $485,983

  • 24c · Other expenses: ROOM AND BOARD

    total $327,835 · program services $327,835

  • 24d · Other expenses: UTILITIES

    total $201,661 · program services $201,661

  • 24e · All other expenses

    total $179,509 · program services $177,559 · management and general $1,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,330,961 · end of year $1,358,049

  • 5 · Loans and receivables from officers and key people

    end of year $5,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $261,402 · end of year $528,344

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

    $239,869

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

    $33,027

  • 10c · Land, buildings and equipment, net

    beginning of year $213,628 · end of year $206,842

  • 19 · Deferred revenue

    beginning of year $261,402 · end of year $528,344

  • 22 · Loans and payables to officers and key people

    beginning of year $1,206,542 · end of year $1,206,542

  • 24 · Unsecured notes and loans payable

    beginning of year $32,907 · end of year $22,980

  • 27 · Net assets without donor restrictions

    beginning of year $305,140 · end of year $340,369

Mission and programs · 2022

Mission

PROVIDES HOUSING FOR MENTALLY & PHYSICALLY IMPAIRED PERSONS RECEIVING ASSISTANCE FROM THE STATE OF NEW JERSEY.

  • PROVIDES HOUSING FOR MENTALLY & PHYSICALLY IMPAIRED PERSONSRECEIVING ASSISTANCE FROM THE STATE OF NEW JERSEY.

    Expenses $2,184,787 · Revenue $2,230,573

As filed on the 2022 return.

Listed in Part VII

  • Deborah Kelsch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patti Amorillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Madalyn Valesky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John F Kelsch

    EXECUTIVE DIRECTOR/TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John McDonald

    TREASURER/DIRECTOR

    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

  • CARBONDALE YMCA

    $5,000

    HELP WITH PROGRAMS

  • JSOEPH A SCHOLERSHIP

    $5,000

    HELP WITH PROGRAMS

Provenance

Return type
form_990
Tax year
2022
Filed
22 April 2024
IRS schema version
2022v5.0
Source object
202441139349301009

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