Totals
- Total revenue
- $1,478,837
- Total expenses
- $1,663,282
- Contributions and grants received
- $625,383
- Grants paid
- $0
- Program service revenue
- $853,409
- Investment income
- $45
- Other revenue
- $0
- Total assets, end of year
- $5,312,049
- Total liabilities, end of year
- $3,513,609
- Net assets or fund balances, end of year
- $1,798,440
- Program services expenses (Part IX)
- $1,251,957
- Management and general expenses
- $411,325
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,251,957
Program services were 75.3% 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.
-
1f · All other contributions, gifts and grants
$625,383
-
2a · Program service revenue: RENTAL INCOME
total $406,900 · related or exempt $406,900
-
2b · Program service revenue: PROPERTY MANAGEMENT FEES
total $404,092 · related or exempt $404,092
-
2c · Program service revenue: INCOME FROM PARTNERSHIPS
total $41,230 · related or exempt $41,230
-
2d · Program service revenue: MISCELLANEOUS INCOME
total $1,187 · related or exempt $1,187
-
3 · Investment income
total $45 · excluded $45
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $594,422 · program services $441,566 · management and general $152,856
-
9 · Other employee benefits
total $64,117 · program services $48,087 · management and general $16,030
-
10 · Payroll taxes
total $54,231 · program services $40,673 · management and general $13,558
-
11c · Fees: accounting
total $27,817 · program services $20,863 · management and general $6,954
-
13 · Office expenses
total $46,290 · program services $32,832 · management and general $13,458
-
16 · Occupancy
total $175,936 · program services $120,988 · management and general $54,948
-
17 · Travel
total $23,445 · management and general $23,445
-
20 · Interest
total $2,886 · program services $1,559 · management and general $1,327
-
22 · Depreciation, depletion and amortization
total $89,213 · program services $66,988 · management and general $22,225
-
23 · Insurance
total $36,860 · program services $36,860
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $292,356 · program services $291,231 · management and general $1,125
-
24b · Other expenses: OUTSOURCED STAFF & CONTRA
total $164,001 · program services $73,401 · management and general $90,600
-
24c · Other expenses: SHELTER PLUS CARE
total $67,103 · program services $67,103
-
24d · Other expenses: TELEPHONE & PAGERS
total $13,075 · program services $9,806 · management and general $3,269
-
24e · All other expenses
total $11,530 · management and general $11,530
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,590 · end of year $101,151
-
2 · Savings and temporary cash investments
beginning of year $546,066 · end of year $446,915
-
4 · Accounts receivable
beginning of year $279,439 · end of year $378,364
-
7 · Other notes and loans receivable
beginning of year $1,978,061 · end of year $1,978,061
-
9 · Prepaid expenses and deferred charges
beginning of year $47,725 · end of year $6,050
-
10a · Land, buildings and equipment: cost or other basis
$4,053,599
-
10b · Land, buildings and equipment: accumulated depreciation
$2,230,036
-
10c · Land, buildings and equipment, net
beginning of year $1,912,776 · end of year $1,823,563
-
13 · Investments: program-related
beginning of year $385,494 · end of year $572,462
-
15 · Other assets
beginning of year $5,483 · end of year $5,483
-
17 · Accounts payable and accrued expenses
beginning of year $153,813 · end of year $328,464
-
24 · Unsecured notes and loans payable
beginning of year $2,288,907 · end of year $2,230,778
-
25 · Other liabilities
beginning of year $753,029 · end of year $954,367
-
27 · Net assets without donor restrictions
beginning of year $1,982,885 · end of year $1,798,440
Mission and programs · 2022
Mission
THE MISSION OF NEW SUNRISE PROPERTIES, INC., IS TO INCREASE THE HOUSING AVAILABLE TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING. THE AGENCY OWNS AND MANAGES OVER 200 UNITS OF HOUSING THROUGHOUT LORAIN COUNTY. THE HOUSING TYPES INCLUDE SCATTERED SITE DUPLEXES, APARTMENTS, CONDOMINIUMS AND SINGLE FAMILY HOMES.
-
TO INCREASE THE HOUSING AVAILABILITY TO CITIZENS OF LORAIN COUNTY WHO ARE MENTALLY ILL, HOMELESS, LOW-INCOME OR OTHERWISE NEEDY BY PROVIDING THEM WITH THE OPPORTUNITY TO OBTAIN SAFE, DECENT, AFFORDABLE AND PERMANENT HOUSING.
Expenses $1,251,957
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Chris WarrenCHRIS WARREN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Carolynn GallowayCAROLYNN GALLOWAY
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Jim PoznikJIM POZNIK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Mike GriffinMIKE GRIFFIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sahnara Hendrix-ArneySAHNARA HENDRIX-ARNEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Krume StojanovskiKRUME STOJANOVSKI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Peter MeiselPETER MEISEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kathy HexterKATHY HEXTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Caroline PeakCAROLINE PEAK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tearra SmithTEARRA SMITH
BOARD MEMBER
- 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
- 2022
- Filed
- 30 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202420399349300737
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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