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Nonprofiteer
← NEW CASTLE HOUSING CORPORATION

Form 990 for tax year 2022

Filed by NEW CASTLE HOUSING CORPORATION.

Totals

Total revenue
$241,937
Total expenses
$287,498
Contributions and grants received
$145,213
Grants paid
$0
Program service revenue
$86,799
Investment income
$9
Other revenue
$9,916
Total assets, end of year
$1,868,478
Total liabilities, end of year
$257,104
Net assets or fund balances, end of year
$1,611,374
Program services expenses (Part IX)
$212,643
Management and general expenses
$74,855
Fundraising expenses
$0
Program service expenses (Part III)
$212,643

Program services were 74.0% 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)

    $145,213

  • 2a · Program service revenue: NET RENTAL INCOME

    total $85,541 · related or exempt $85,541

  • 2b · Program service revenue: OTHER RENT RELATED

    total $1,258 · related or exempt $1,258

  • 3 · Investment income

    total $9 · excluded $9

  • 11a · Other revenue: MISC

    total $9,916 · related or exempt $9,916

  • 11e · Other revenue, total

    $9,916

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $46,056 · program services $13,482 · management and general $32,574

  • 9 · Other employee benefits

    total $5,627 · program services $5,627

  • 10 · Payroll taxes

    total $3,845 · program services $3,845

  • 11a · Fees: management

    total $24,315 · management and general $24,315

  • 11g · Fees: other

    total $11,538 · management and general $11,538

  • 13 · Office expenses

    total $28,998 · program services $22,570 · management and general $6,428

  • 16 · Occupancy

    total $70,798 · program services $70,798

  • 22 · Depreciation, depletion and amortization

    total $74,289 · program services $74,289

  • 23 · Insurance

    total $13,313 · program services $13,313

  • 24a · Other expenses: MISC OPERATING EXPENSES

    total $8,719 · program services $8,719

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $150 · end of year $150

  • 2 · Savings and temporary cash investments

    beginning of year $26,623 · end of year $6,875

  • 4 · Accounts receivable

    beginning of year $5,362 · end of year $1,502

  • 9 · Prepaid expenses and deferred charges

    beginning of year $629 · end of year $1,012

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

    $2,950,091

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

    $1,193,694

  • 10c · Land, buildings and equipment, net

    beginning of year $1,830,686 · end of year $1,756,397

  • 15 · Other assets

    beginning of year $86,463 · end of year $102,542

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,322 · end of year $57,399

  • 19 · Deferred revenue

    beginning of year $646

  • 23 · Secured mortgages and notes payable

    beginning of year $192,000 · end of year $192,000

  • 25 · Other liabilities

    beginning of year $7,010 · end of year $7,705

  • 27 · Net assets without donor restrictions

    beginning of year $1,656,935 · end of year $1,611,374

Mission and programs · 2022

Mission

TO PROVIDE HUD SUBSIDIZED HOUSING TO THE ELDERLY IN NEW CASTLE, COLORADO.

  • NEW CASTLE HOUSING CORPORATION PROVIDES SUBSIDIZED HOUSING TO THE ELDERLY IN NEW CASTLE, COLORADO. HOUSING WAS PROVIDED FOR TWENTY-FOUR CLIENTS.

    Expenses $212,643 · Revenue $86,799

As filed on the 2022 return.

Listed in Part VII

  • Stephanie Tedy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lauren Hornett

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Abella Navarro

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • G Lavon Sonne

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Karen Smith

    RESIDENT

    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.

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
22 August 2023
IRS schema version
2022v5.0
Source object
202332349349301678

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