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Nonprofiteer
← VICTORIA JENNINGS RESIDENCES LTD

Form 990 for tax year 2023

Filed by VICTORIA JENNINGS RESIDENCES LTD.

Totals

Total revenue
$480,354
Total expenses
$493,878
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$477,988
Investment income
$95
Other revenue
$2,271
Total assets, end of year
$2,121,180
Total liabilities, end of year
$3,532,021
Net assets or fund balances, end of year
-$1,410,841
Program services expenses (Part IX)
$362,830
Management and general expenses
$131,048
Fundraising expenses
$0
Program service expenses (Part III)
$493,878

Program services were 73.5% 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: Net Rental Income

    total $477,988 · related or exempt $477,988

  • 3 · Investment income

    total $95 · related or exempt $95

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Laundry

    total $2,142 · related or exempt $2,142

  • 11b · Other revenue: Tenant charges

    total $129 · related or exempt $129

  • 11e · Other revenue, total

    $2,271

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $98,594 · program services $47,265 · management and general $51,329

  • 9 · Other employee benefits

    total $20,996 · program services $20,996

  • 10 · Payroll taxes

    total $11,269 · program services $11,269

  • 11a · Fees: management

    total $17,532 · management and general $17,532

  • 11b · Fees: legal

    total $5,034 · management and general $5,034

  • 11c · Fees: accounting

    total $15,518 · management and general $15,518

  • 13 · Office expenses

    total $18,199 · management and general $18,199

  • 16 · Occupancy

    total $40,675 · program services $40,675

  • 20 · Interest

    total $651 · management and general $651

  • 22 · Depreciation, depletion and amortization

    total $103,767 · program services $103,767

  • 23 · Insurance

    total $33,166 · program services $33,166

  • 24a · Other expenses: Supplies

    total $27,577 · program services $27,577

  • 24b · Other expenses: Contracts & Garbage

    total $78,115 · program services $78,115

  • 24c · Other expenses: Bad debts expense

    total $18,434 · management and general $18,434

  • 24d · Other expenses: Misc. Expenses & rent exp

    total $4,351 · management and general $4,351

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $827 · end of year $1,316

  • 4 · Accounts receivable

    beginning of year $6,714 · end of year $10,154

  • 6 · Loans and receivables from disqualified persons

    beginning of year $4,261

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,318 · end of year $7,281

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

    $3,597,727

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

    $1,759,485

  • 10c · Land, buildings and equipment, net

    beginning of year $1,915,198 · end of year $1,838,242

  • 15 · Other assets

    beginning of year $271,249 · end of year $264,187

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,991 · end of year $52,718

  • 19 · Deferred revenue

    beginning of year $1,038 · end of year $5,795

  • 23 · Secured mortgages and notes payable

    beginning of year $3,255,640 · end of year $3,211,130

  • 24 · Unsecured notes and loans payable

    beginning of year $66,442 · end of year $66,442

  • 25 · Other liabilities

    beginning of year $197,003 · end of year $195,936

  • 27 · Net assets without donor restrictions

    beginning of year -$1,434,547 · end of year -$1,410,841

Mission and programs · 2023

Mission

Affordable housing for the disabled

  • The organiation owns and operates a 24-unit housing project for the

    Expenses $493,878 · Revenue $480,354

As filed on the 2023 return.

Listed in Part VII

  • Pastor K Ford

    President

    Total calculated
    $0
    Hours/week
    2

  • Dolly Dockery

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Betty J Jones

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Kwame Bandele

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jemaine Echols

    Director

    Total calculated
    $0
    Hours/week
    1

  • D Kleinman

    Director

    Total calculated
    $0
    Hours/week
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
18 September 2024
IRS schema version
2023v5.0
Source object
202442729349300009

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