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Nonprofiteer
← SUMMERSIDE WOODS INC

Form 990 for tax year 2025

Filed by SUMMERSIDE WOODS INC.

Totals

Total revenue
$275,675
Total expenses
$379,851
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$275,058
Investment income
$31
Other revenue
$586
Total assets, end of year
$3,564,777
Total liabilities, end of year
$34,322
Net assets or fund balances, end of year
$3,530,455
Program services expenses (Part IX)
$292,286
Management and general expenses
$87,565
Fundraising expenses
$0
Program service expenses (Part III)
$292,286

Program services were 76.9% 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 $258,001 · related or exempt $258,001

  • 2b · Program service revenue: HUD SUBSIDY RENT

    total $17,057 · related or exempt $17,057

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $31 · excluded $31

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $586 · excluded $586

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $586

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $59,437 · program services $29,842 · management and general $29,595

  • 9 · Other employee benefits

    total $3,262 · program services $3,262

  • 10 · Payroll taxes

    total $7,386 · program services $7,386

  • 11a · Fees: management

    total $29,962 · management and general $29,962

  • 11c · Fees: accounting

    total $12,262 · management and general $12,262

  • 11g · Fees: other

    total $35,923 · program services $35,923 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $1,390 · management and general $1,390

  • 13 · Office expenses

    total $29,397 · program services $18,729 · management and general $10,668

  • 14 · Information technology

    total $3,281 · management and general $3,281

  • 16 · Occupancy

    total $53,153 · program services $53,153

  • 22 · Depreciation, depletion and amortization

    total $124,984 · program services $124,984

  • 23 · Insurance

    total $12,920 · program services $12,920

  • 24a · Other expenses: ELDERLY AND CONGREGATE

    total $6,087 · program services $6,087

  • 24b · Other expenses: MISCELLANEOUS

    total $407 · management and general $407

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,311 · end of year $13,039

  • 2 · Savings and temporary cash investments

    beginning of year $297,410 · end of year $306,758

  • 4 · Accounts receivable

    beginning of year $0 · end of year $844

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,789 · end of year $4,565

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

    $5,239,446

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

    $2,023,150

  • 10c · Land, buildings and equipment, net

    beginning of year $3,341,280 · end of year $3,216,296

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $25,892 · end of year $23,275

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,220 · end of year $14,196

  • 19 · Deferred revenue

    beginning of year $453 · end of year $464

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $19,378 · end of year $19,662

  • 27 · Net assets without donor restrictions

    beginning of year -$1,590,147 · end of year -$1,694,323

  • 28 · Net assets with donor restrictions

    beginning of year $5,224,778 · end of year $5,224,778

Mission and programs · 2025

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.

  • SUMMERSIDE WOODS, INC. IS A 45 UNIT APARTMENT COMPLEX ORGANIZED TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY.

    Expenses $292,286 · Revenue $275,058

As filed on the 2025 return.

Listed in Part VII

  • Donna Cann

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Tim Rudd

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Tina Sanborn

    VP

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Billie Kuntz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • George Brown

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Greg Traynor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Linda Brooks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Marilyn Hodges

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Sandy Graham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Angelina Burton

    CHIEF FINANCIAL OFFICER

    Total calculated
    $149,660
    From this org
    $0
    From related orgs
    $141,619
    Other
    $8,041
    Hours/week
    1 + 46 related

  • William Dehass

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $177,321
    From this org
    $0
    From related orgs
    $164,439
    Other
    $12,882
    Hours/week
    1 + 46 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,439 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,316 related
    Nontaxable benefits
    $0 + $566 related
    Filer's total
    $0 + $177,321 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2025
Filed
24 September 2026
IRS schema version
2025v4.2
Source object
202622679349300617

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