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← SKAGIT COUNCIL HOUSING

Form 990 for tax year 2022

Filed by SKAGIT COUNCIL HOUSING.

Totals

Total revenue
$1,337,932
Total expenses
$721,098
Contributions and grants received
$1,044,209
Grants paid
$67,903
Program service revenue
$293,226
Investment income
$497
Other revenue
$0
Total assets, end of year
$1,422,523
Total liabilities, end of year
$1,884,537
Net assets or fund balances, end of year
-$462,014
Program services expenses (Part IX)
$566,958
Management and general expenses
$154,140
Fundraising expenses
$0
Program service expenses (Part III)
$566,958

Program services were 78.6% 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)

    $1,044,209

  • 2a · Program service revenue: Rental income

    total $277,438 · related or exempt $277,438

  • 2b · Program service revenue: Tenant charges

    total $12,754 · related or exempt $12,754

  • 2c · Program service revenue: Laundry income

    total $3,034 · related or exempt $3,034

  • 3 · Investment income

    total $497 · excluded $497

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $67,903 · program services $67,903

  • 7 · Other salaries and wages

    total $69,190 · program services $12,000 · management and general $57,190

  • 11a · Fees: management

    total $55,721 · management and general $55,721

  • 11c · Fees: accounting

    total $23,200 · management and general $23,200

  • 12 · Advertising and promotion

    total $2,615 · management and general $2,615

  • 13 · Office expenses

    total $12,080 · management and general $12,080

  • 19 · Conferences, conventions and meetings

    total $2,817 · management and general $2,817

  • 20 · Interest

    total $84,848 · program services $84,848

  • 22 · Depreciation, depletion and amortization

    total $98,879 · program services $98,879

  • 23 · Insurance

    total $23,590 · program services $23,590

  • 24a · Other expenses: Operating and maintenan

    total $214,527 · program services $214,527

  • 24b · Other expenses: Utilities

    total $61,261 · program services $61,261

  • 24c · Other expenses: Senior activities

    total $3,734 · program services $3,734

  • 24d · Other expenses: Other renting expenses

    total $452 · management and general $452

  • 24e · All other expenses

    total $281 · program services $216 · management and general $65

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79,844 · end of year $38,624

  • 2 · Savings and temporary cash investments

    beginning of year $145,517 · end of year $234,551

  • 4 · Accounts receivable

    beginning of year $28,835 · end of year $20,830

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,738 · end of year $24,780

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

    $3,660,857

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

    $2,557,119

  • 10c · Land, buildings and equipment, net

    beginning of year $1,057,656 · end of year $1,103,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,969 · end of year $30,385

  • 21 · Escrow or custodial account liability

    beginning of year $24,689 · end of year $25,247

  • 23 · Secured mortgages and notes payable

    beginning of year $2,349,780 · end of year $1,828,905

  • 27 · Net assets without donor restrictions

    beginning of year -$1,078,848 · end of year -$462,014

Mission and programs · 2022

Mission

Provide affordable housing to seniors in the Mount Vernon area

  • provide housing to low-income elderly and handicapped people

    Expenses $566,958 · Grants $67,903 · Revenue $293,226

As filed on the 2022 return.

Listed in Part VII

  • Jim VanderMey

    President

    Total calculated
    $0
    Hours/week
    8

  • Tom Theisen

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Terry Schaberg

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Jim Koetje

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Melissa Self

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michele Metcalf

    Director

    Total calculated
    $0
    Hours/week
    2

  • April Axthelm

    Director

    Total calculated
    $0
    Hours/week
    2

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

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
24 August 2023
IRS schema version
2022v5.0
Source object
202332389349300403

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