Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: HUD project subsidies

  total $295,436 · related or exempt $295,436

• 2b · Program service revenue: HUD tenant rents

  total $106,746 · related or exempt $106,746

• 2c · Program service revenue: Laundry/vending fees

  total $1,995 · related or exempt $1,995

• 3 · Investment income

  total $978 · excluded $978

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $65,731 · program services $65,731

• 9 · Other employee benefits

  total $9,103 · program services $9,103

• 10 · Payroll taxes

  total $4,899 · program services $4,899

• 11a · Fees: management

  total $20,007 · management and general $20,007

• 11c · Fees: accounting

  total $14,386 · management and general $14,386

• 13 · Office expenses

  total $7,473 · program services $5,221 · management and general $2,252

• 16 · Occupancy

  total $31,602 · program services $31,602

• 20 · Interest

  total $33,197 · program services $33,197

• 22 · Depreciation, depletion and amortization

  total $53,761 · program services $53,761

• 23 · Insurance

  total $1,871 · program services $1,871

• 24a · Other expenses: Repairs and maintenance

  total $99,432 · program services $99,432

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $19,733 · end of year $30,926

• 4 · Accounts receivable

  beginning of year $200 · end of year $2,644

• 9 · Prepaid expenses and deferred charges

  beginning of year $406 · end of year $427

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

  $1,931,333

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

  $1,224,336

• 10c · Land, buildings and equipment, net

  beginning of year $677,595 · end of year $706,997

• 15 · Other assets

  beginning of year $71,091 · end of year $63,353

• 17 · Accounts payable and accrued expenses

  beginning of year $16,966 · end of year $24,630

• 23 · Secured mortgages and notes payable

  beginning of year $405,821 · end of year $317,928

• 25 · Other liabilities

  beginning of year $26,397 · end of year $78,255

• 27 · Net assets without donor restrictions

  beginning of year $319,841 · end of year $383,534

The filer's explanations (Part III)

Part I, Line 3 - Compensation by a Related Organization

Officer compensation is reviewed annually by the executive committee of the Lighthouse for the Blind of Houston.