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Nonprofiteer
← WESTEND TERZETTOS

Form 990 for tax year 2023

Filed by WESTEND TERZETTOS.

Totals

Total revenue
$108,976
Total expenses
$141,079
Contributions and grants received
$43,677
Grants paid
$0
Program service revenue
$63,573
Investment income
$1,645
Other revenue
$81
Total assets, end of year
$522,382
Total liabilities, end of year
$518,005
Net assets or fund balances, end of year
$4,377
Program services expenses (Part IX)
$128,035
Management and general expenses
$13,044
Fundraising expenses
$0
Program service expenses (Part III)
$128,035

Program services were 90.8% 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)

    $43,677

  • 2a · Program service revenue: RENTAL REVENUE

    total $63,573 · related or exempt $63,573

  • 3 · Investment income

    total $1,645 · excluded $1,645

  • 11a · Other revenue: MISC REV - OVERAGE/SUR

    total $81 · related or exempt $81

  • 11e · Other revenue, total

    $81

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $13,134 · program services $13,134

  • 11c · Fees: accounting

    total $11,388 · management and general $11,388

  • 12 · Advertising and promotion

    total $89 · program services $89

  • 13 · Office expenses

    total $802 · management and general $802

  • 16 · Occupancy

    total $36,457 · program services $36,457

  • 17 · Travel

    total $102 · program services $102

  • 20 · Interest

    total $1,435 · program services $1,435

  • 22 · Depreciation, depletion and amortization

    total $19,040 · program services $19,040

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $40,110 · program services $40,110

  • 24b · Other expenses: CONTRACTS

    total $16,209 · program services $16,209

  • 24c · Other expenses: MISCELLANEOUS

    total $1,459 · program services $1,459

  • 24d · Other expenses: MISCELLANEOUS ADMIN

    total $854 · management and general $854

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year -$426,015 · end of year $17,980

  • 2 · Savings and temporary cash investments

    beginning of year $139,153 · end of year $140,782

  • 4 · Accounts receivable

    beginning of year $5,618 · end of year $6,697

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,313 · end of year $15,330

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

    $745,500

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

    $403,907

  • 10c · Land, buildings and equipment, net

    beginning of year $523,000 · end of year $341,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,636 · end of year $473,739

  • 19 · Deferred revenue

    beginning of year $1,317 · end of year $2,252

  • 23 · Secured mortgages and notes payable

    beginning of year $38,948 · end of year $38,444

  • 25 · Other liabilities

    beginning of year $3,320 · end of year $3,570

  • 27 · Net assets without donor restrictions

    beginning of year $198,848 · end of year $4,377

Mission and programs · 2023

Mission

OWN, OPERATE AND MANAGE LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED

  • OWN, OPERATE AND MANAGE LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED

    Expenses $128,035 · Revenue $63,654

As filed on the 2023 return.

Listed in Part VII

  • Curt Kreun

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Bret Weber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Joan Johnson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Jeremy Morris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Zachary Ista

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Terry Hanson

    SECRETARY

    Total calculated
    $202,504
    From this org
    $0
    From related orgs
    $182,594
    Other
    $19,910
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,594 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $19,910 related
    Filer's total
    $0 + $202,504 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
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202501279349302730

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