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Nonprofiteer
← ASSISI HOUSING CORPORATION

Form 990 for tax year 2022

Filed by ASSISI HOUSING CORPORATION.

Totals

Total revenue
$262,172
Total expenses
$336,514
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$261,092
Investment income
$0
Other revenue
$1,080
Total assets, end of year
$2,556,174
Total liabilities, end of year
$2,971,363
Net assets or fund balances, end of year
-$415,189
Program services expenses (Part IX)
$327,490
Management and general expenses
$9,024
Fundraising expenses
$0
Program service expenses (Part III)
$327,490

Program services were 97.3% 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 $243,176 · related or exempt $243,176

  • 2b · Program service revenue: SUPPORTIVE SVCS FEES

    total $17,916 · related or exempt $17,916

  • 11a · Other revenue: LAUNDRY INCOME

    total $160 · related or exempt $160

  • 11b · Other revenue: MISCELLANEOUS

    total $920 · related or exempt $920

  • 11e · Other revenue, total

    $1,080

Functional expenses

Part IX, the statement of functional expenses.

  • 10 · Payroll taxes

    total $6,197 · program services $6,197

  • 11a · Fees: management

    total $12,015 · program services $9,612 · management and general $2,403

  • 11b · Fees: legal

    total $2,857 · management and general $2,857

  • 11c · Fees: accounting

    total $20,236 · program services $20,236

  • 11g · Fees: other

    total $87,778 · program services $87,778

  • 13 · Office expenses

    total $403 · program services $343 · management and general $60

  • 16 · Occupancy

    total $70,429 · program services $70,429

  • 20 · Interest

    total $12,451 · program services $12,451

  • 22 · Depreciation, depletion and amortization

    total $91,543 · program services $91,543

  • 23 · Insurance

    total $16,320 · program services $16,320

  • 24a · Other expenses: TELEPHONE AND INTERNET

    total $6,298 · program services $5,353 · management and general $945

  • 24b · Other expenses: VEHICLE EXPENSES

    total $6,898 · program services $4,139 · management and general $2,759

  • 24c · Other expenses: OPERATIONAL EXPENSES

    total $3,089 · program services $3,089

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $56,019 · end of year $66,986

  • 4 · Accounts receivable

    end of year $4,044

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

    $3,002,231

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

    $754,923

  • 10c · Land, buildings and equipment, net

    beginning of year $2,338,851 · end of year $2,247,308

  • 15 · Other assets

    beginning of year $231,957 · end of year $237,836

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,817 · end of year $26,934

  • 21 · Escrow or custodial account liability

    beginning of year $1,508 · end of year $1,437

  • 23 · Secured mortgages and notes payable

    beginning of year $2,951,349 · end of year $2,942,992

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$340,847 · end of year -$415,189

Mission and programs · 2022

Mission

PROVIDE HOUSING FACILITIES TO INCOME ELIGIBLE INDIVIDUALS AND FAMILIES INTENDED TO MEET THEIR PHYSICAL, SOCIAL, ECONOMIC AND PSYCHOLOGICAL NEEDS.

  • PROVIDE CLEAN, SAFE AND AFFORDABLE HOUSING UNITS TO 19 FAMILIES WITH LOW OR MODERATE INCOMES AND PROVIDED SUPPORTIVE SERVICES TO THESE FAMILIES.

    Expenses $327,490 · Revenue $262,172

As filed on the 2022 return.

Listed in Part VII

  • Nancy Lawson

    EXECUTIVE DIRECTOR

    Total calculated
    $63,500
    From this org
    $0
    From related orgs
    $63,500
    Other
    $0
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    not reported + $63,500 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $63,500 related

  • Mary Lou Frias

    MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Edgar M Da Cunha

    PRESIDENT TREASURER AND DIRE

    Total calculated
    $0
    Hours/week
    0.1

  • Kevin Kiley

    CLERK

    Total calculated
    $0
    Hours/week
    0.1

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. 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

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 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
2022
Filed
10 February 2024
IRS schema version
2022v5.0
Source object
202410909349300316

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