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← ASSOCIATION FOR THE ELDERLY OF THE VIRGIN ISLANDS INC

Form 990 for tax year 2022

Filed by ASSOCIATION FOR THE ELDERLY OF THE VIRGIN ISLANDS INC.

Totals

Total revenue
$722,387
Total expenses
$765,663
Contributions and grants received
$625,305
Grants paid
$0
Program service revenue
$1,462
Investment income
$863
Other revenue
$94,757
Total assets, end of year
$1,858,669
Total liabilities, end of year
$3,838,251
Net assets or fund balances, end of year
-$1,979,582
Program services expenses (Part IX)
$563,093
Management and general expenses
$202,570
Fundraising expenses
$0
Program service expenses (Part III)
$563,093

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.

  • 1e · Government grants (contributions)

    $622,875

  • 1f · All other contributions, gifts and grants

    $2,430

  • 2a · Program service revenue: OTHER REVENUE

    total $1,462 · related or exempt $1,462

  • 3 · Investment income

    total $863 · related or exempt $863

  • 6a · Gross rents

    real property $94,757

  • 6c · Rental income or loss

    real property $94,757

  • 6d · Net rental income or loss

    total $94,757 · related or exempt $94,757

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $34,157 · management and general $34,157

  • 11c · Fees: accounting

    total $16,030 · management and general $16,030

  • 12 · Advertising and promotion

    total $504 · management and general $504

  • 13 · Office expenses

    total $19,595 · management and general $19,595

  • 16 · Occupancy

    total $164,697 · program services $164,567 · management and general $130

  • 22 · Depreciation, depletion and amortization

    total $108,677 · program services $108,677

  • 23 · Insurance

    total $154,768 · program services $154,768

  • 24a · Other expenses: CONTRACTED PERSONNEL COST

    total $251,712 · program services $119,558 · management and general $132,154

  • 24b · Other expenses: ELDERLY CARE SERVICE

    total $14,193 · program services $14,193

  • 24c · Other expenses: OTHER EXPENSES

    total $1,330 · program services $1,330

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,958 · end of year $7,643

  • 2 · Savings and temporary cash investments

    beginning of year $342,323 · end of year $416,827

  • 4 · Accounts receivable

    beginning of year $1,279 · end of year $620

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,022 · end of year $111,629

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

    $3,978,304

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

    $2,656,354

  • 10c · Land, buildings and equipment, net

    beginning of year $1,430,627 · end of year $1,321,950

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,618 · end of year $96,144

  • 19 · Deferred revenue

    beginning of year $2,431

  • 23 · Secured mortgages and notes payable

    beginning of year $3,727,800 · end of year $3,727,800

  • 25 · Other liabilities

    beginning of year $14,666 · end of year $14,307

  • 27 · Net assets without donor restrictions

    beginning of year -$1,936,306 · end of year -$1,979,582

Mission and programs · 2022

Mission

PROVIDE LOW-INCOME HOUSING AND SUPPRTIVE SERVICES FOR 42 SENIORS WITH RENT SUBSIDIES FROM HUD.

Activities or mission (Part I)

PROVIDE LOW-INOMCE HOUSING AND SUPPORTIVE SERVICES FOR 42 SENIORS WITH RENT SUBSIDIES FROM HUD.

  • PROVIDE LOW-INCOME HOUSING AND SUPPORTIVE SERVICES FOR 42 SENIORS WITH RENT SUBSIDIES FROM HUD. SUPPPORTIVE SERVICES ASSIST TENANTS IN ACCESSING OTHER SERVICES OFFERED BY THE LOCAL AND FEDERAL GOVERNMENT. THE MANAGEMENT AGENT ALSO PROVIDE SOME SUPPORTIVE SERVICES AND LIMITED NURSING SERVICES USING FUNDS PROVIDED THROUGH AN AMERICORPS GRANT AND DONATIONS

    Expenses $563,093 · Revenue $1,462

As filed on the 2022 return.

Listed in Part VII

  • Felicia Brownlow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Claudette Charleswell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Erma Derima

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Karl Percell Esq

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Gomez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Jasper Lettsome

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Junia John-Straker

    LSSVI CEO

    Total calculated
    $0
    Hours/week
    0.5

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
14 August 2024
IRS schema version
2022v5.0
Source object
202422279349303027

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