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Nonprofiteer
← MARGARET WAGNER APARTMENTS II INC

Form 990 for tax year 2023

Filed by MARGARET WAGNER APARTMENTS II INC.

Totals

Total revenue
-$2,586,360
Total expenses
$238,279
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$146,912
Investment income
-$2,735,205
Other revenue
$1,933
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$223,564
Management and general expenses
$14,715
Fundraising expenses
$0
Program service expenses (Part III)
$223,564

Program services were 93.8% 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: LOW INCOME HOUSING RENTAL

    total $146,912 · related or exempt $146,912

  • 3 · Investment income

    total $145 · excluded $145

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    other assets $904,369

  • 7b · Less cost or other basis and sales expenses

    other assets $3,639,719

  • 7c · Gain or loss

    other assets -$2,735,350

  • 7d · Net gain or loss

    total -$2,735,350 · related or exempt -$2,735,350

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,933 · related or exempt $1,933

  • 11e · Other revenue, total

    $1,933

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $61,652 · program services $61,652

  • 8 · Pension plan contributions

    total $2,663 · program services $2,663

  • 9 · Other employee benefits

    total $5,363 · program services $5,363

  • 10 · Payroll taxes

    total $4,668 · program services $4,668

  • 11a · Fees: management

    total $10,500 · management and general $10,500

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $17,876 · program services $13,661 · management and general $4,215

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $2,081 · program services $2,081

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $34,755 · program services $34,755

  • 17 · Travel

    total $29 · program services $29

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $83,800 · program services $83,800

  • 23 · Insurance

    total $3,220 · program services $3,220

  • 24a · Other expenses: REPAIRS & MAINENANCE

    total $11,612 · program services $11,612

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $60 · program services $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $395,609 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $284 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,805 · end of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $3,723,519 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $260,242 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $278 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $4,323,500 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $343,560 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$1,042,526 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $240,163 · end of year $0

Mission and programs · 2023

Mission

TO PROVIDE LOW-INCOME HOUSING, UNDER HUD SECTION 202 PROVISIONS, TO ELDERLY PEOPLE. THERE ARE 36 RENTAL UNITS AVAILABLE FOR THIS PURPOSE.

  • MW APARTMENTS OFFER INDEPENDENT, SUPPORTIVE HOUSING FOR LOW-INCOME OLDER ADULTS AGES 62 AND OLDER (ALL RESIDENTS QUALIFY AS LOW-INCOME PER HUD GUIDELINES). THE APARTMENTS ARE SUBSIDIZED UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) SECTION 202 SUPPORTIVE HOUSING FOR THE ELDERLY PROGRAM. THERE ARE 36 RENTAL UNITS AVAILABLE FOR THIS PURPOSE.

    Expenses $223,564 · Revenue $148,845

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Orion H Bell IV

    PRESIDENT & CEO

    Total calculated
    $342,411
    From this org
    $0
    From related orgs
    $312,974
    Other
    $29,437
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $312,974 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,443 related
    Nontaxable benefits
    $0 + $14,994 related
    Filer's total
    $0 + $342,411 related

  • Mary Marita

    SR VP & COO

    Total calculated
    $200,011
    From this org
    $0
    From related orgs
    $175,090
    Other
    $24,921
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,090 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,293 related
    Nontaxable benefits
    $0 + $15,628 related
    Filer's total
    $0 + $200,011 related

  • Janice Brennan

    SR. VP & CFO

    Total calculated
    $189,994
    From this org
    $0
    From related orgs
    $170,274
    Other
    $19,720
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $170,274 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,605 related
    Nontaxable benefits
    $0 + $11,115 related
    Filer's total
    $0 + $189,994 related

  • Beth Sipple

    BOARD MEMBER

    Total calculated
    $107,170
    From this org
    $0
    From related orgs
    $93,248
    Other
    $13,922
    Hours/week
    1 + 38 related

  • Patricia R Frutig JD

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Connie Hill-Johnson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Lori Lozier Mssa Lisw-S Lnha

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Margaret Wagner Senior Apartments GP

    related · low inc housing · OH · 0% owned · share of income $0 · share of assets $0

    Directly controlled by benj rose

  • Margaret Wagner Senior Apartments LP

    related · low inc housing · OH · 0% owned · share of income $0 · share of assets $0

    Directly controlled by benj rose

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

4 distributions to recipients named as people, $8,906,495 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423189349302187

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