Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,205,550

• 2a · Program service revenue: RENT REVENUE

  total $238,057 · related or exempt $238,057

• 3 · Investment income

  total $1,814 · excluded $1,814

Functional expenses

Part IX, the statement of functional expenses.

• 11b · Fees: legal

  total $590 · management and general $590

• 11c · Fees: accounting

  total $3,470 · management and general $3,470

• 11g · Fees: other

  total $55,980 · program services $7,800 · management and general $48,180

• 12 · Advertising and promotion

  total $16,321 · program services $16,321

• 13 · Office expenses

  total $459 · management and general $459

• 16 · Occupancy

  total $115,647 · program services $115,647

• 20 · Interest

  total $129,920 · management and general $129,920

• 22 · Depreciation, depletion and amortization

  total $108,235 · program services $108,235

• 23 · Insurance

  total $5,311 · program services $5,311

• 24a · Other expenses: REPLACEMENT RESERVE

  total $5,004 · program services $5,004

• 24b · Other expenses: LICENSES & FEES

  total $160 · program services $160

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $25,812 · end of year $118,138

• 2 · Savings and temporary cash investments

  beginning of year $200,655 · end of year $933

• 4 · Accounts receivable

  beginning of year $8,728 · end of year $10,272

• 7 · Other notes and loans receivable

  beginning of year $58,500

• 9 · Prepaid expenses and deferred charges

  beginning of year $655,612 · end of year $23,759

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

  $590,055

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

  $478,534

• 10c · Land, buildings and equipment, net

  beginning of year $2,657,675 · end of year $111,521

• 17 · Accounts payable and accrued expenses

  beginning of year $37,003 · end of year $43,642

• 19 · Deferred revenue

  beginning of year $16,624 · end of year $17,939

• 23 · Secured mortgages and notes payable

  beginning of year $4,378,042 · end of year $65,441

• 24 · Unsecured notes and loans payable

  end of year $3,000

• 25 · Other liabilities

  beginning of year $45,036 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year -$869,723 · end of year $134,601

The filer's explanations (Part III)

PART I, LINE 3

OFFICERS ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.