Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $2,015 · excluded $2,015

• 6a · Gross rents

  real property $399,391

• 6b · Less rental expenses

  real property $779,396

• 6c · Rental income or loss

  real property -$380,005

• 6d · Net rental income or loss

  total -$380,005 · related or exempt -$380,005

• 7a · Gross sales of assets other than inventory

  securities $51

• 7b · Less cost or other basis and sales expenses

  securities $0

• 7c · Gain or loss

  securities $51

• 7d · Net gain or loss

  total $51 · excluded $51

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $168,810 · end of year $515,979

• 2 · Savings and temporary cash investments

  beginning of year $76,756 · end of year $70,644

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $2,808

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

  $13,794,228

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

  $4,560,441

• 10c · Land, buildings and equipment, net

  beginning of year $9,570,008 · end of year $9,233,787

• 17 · Accounts payable and accrued expenses

  beginning of year $3,490 · end of year $29,561

• 23 · Secured mortgages and notes payable

  beginning of year $1,250,000 · end of year $1,250,000

• 25 · Other liabilities

  beginning of year $5,336,948 · end of year $5,696,460

• 27 · Net assets without donor restrictions

  beginning of year $3,225,136 · end of year $2,847,197

The filer's explanations (Part III)

PART III

THE COMPENSATION IS PAID BY A RELATED ORGANIZATION, WAYPOINT, THAT USES THE FOLLOWING PROCEDURE: THE TREASURER PREPARES A REPORT FOR THE COMPENSATION COMMITTEE THAT INCLUDES THE USE OF COMPENSATION SURVEYS. THE COMPENSATION COMMITTEE REVIEWS THE INFORMATION PROVIDED ALONG WITH THE INFORMATION OBTAINED BY COMMITTEE MEMBERS FROM OTHER NON-PROFIT ORGANIZATIONS. BASED ON THIS INFORMATION, THE COMMITTEE MAKES A RECOMMENDATION TO THE FULL BOARD FOR THEIR CONSIDERATION. THE BOARD THEN DETERMINES AND APPROVES THE FINAL COMPENSATION AMOUNT.