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Nonprofiteer
← MADISON COUNTY SENIOR HOUSING INC

Form 990 for tax year 2022

Filed by MADISON COUNTY SENIOR HOUSING INC.

Totals

Total revenue
$198,132
Total expenses
$221,620
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$195,380
Investment income
$1,024
Other revenue
$1,728
Total assets, end of year
$1,293,438
Total liabilities, end of year
$15,395
Net assets or fund balances, end of year
$1,278,043
Program services expenses (Part IX)
$178,128
Management and general expenses
$43,492
Fundraising expenses
$0
Program service expenses (Part III)
$178,128

Program services were 80.4% 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: RENTAL INCOME

    total $195,380 · related or exempt $195,380

  • 3 · Investment income

    total $1,024 · excluded $1,024

  • 11d · All other revenue

    total $1,728 · excluded $1,728

  • 11e · Other revenue, total

    $1,728

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $13,691 · program services $13,691

  • 8 · Pension plan contributions

    total $548 · program services $548

  • 9 · Other employee benefits

    total $3,820 · program services $3,820

  • 10 · Payroll taxes

    total $1,279 · program services $1,279

  • 11a · Fees: management

    total $18,458 · management and general $18,458

  • 11c · Fees: accounting

    total $15,075 · management and general $15,075

  • 11g · Fees: other

    total $8,733 · program services $5,275 · management and general $3,458

  • 13 · Office expenses

    total $1,928 · management and general $1,928

  • 16 · Occupancy

    total $12,475 · program services $12,475

  • 17 · Travel

    total $1,706 · management and general $1,706

  • 22 · Depreciation, depletion and amortization

    total $59,010 · program services $59,010

  • 23 · Insurance

    total $9,452 · program services $9,452

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $72,578 · program services $72,578

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $740 · management and general $740

  • 24e · All other expenses

    total $2,127 · management and general $2,127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,021 · end of year $9,380

  • 4 · Accounts receivable

    beginning of year $854 · end of year $493

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

    $2,024,060

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

    $797,070

  • 10c · Land, buildings and equipment, net

    beginning of year $1,256,487 · end of year $1,226,990

  • 15 · Other assets

    beginning of year $116,905 · end of year $56,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,288 · end of year $9,621

  • 19 · Deferred revenue

    beginning of year $326 · end of year $251

  • 25 · Other liabilities

    beginning of year $5,723 · end of year $5,523

  • 27 · Net assets without donor restrictions

    beginning of year -$610,070 · end of year -$636,957

  • 28 · Net assets with donor restrictions

    beginning of year $1,915,000 · end of year $1,915,000

Mission and programs · 2022

Mission

PROVIDE HOUSING TO LOW-INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

  • PROVIDE HOUSING TO LOW-INCOME ELDERLY INDIVIDUALS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $178,128 · Revenue $195,380

As filed on the 2022 return.

Listed in Part VII

  • Denis Moore

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jim Thompson

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Julie Bova

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amber McCutcheon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Thurman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Daniel Wichmer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keri McCrorey

    EXECUTIVE DIRECTOR

    Total calculated
    $134,126
    From this org
    $0
    From related orgs
    $129,963
    Other
    $4,163
    Hours/week
    1 + 40 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.

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
2022
Filed
18 July 2024
IRS schema version
2022v5.0
Source object
202412069349301411

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