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Nonprofiteer
← JEFFERSON COURTYARD INC

Form 990 for tax year 2023

Filed by JEFFERSON COURTYARD INC.

Totals

Total revenue
$92,720
Total expenses
$115,426
Contributions and grants received
$4,025
Grants paid
$0
Program service revenue
$88,282
Investment income
$211
Other revenue
$202
Total assets, end of year
$336,445
Total liabilities, end of year
$597,400
Net assets or fund balances, end of year
-$260,955
Program services expenses (Part IX)
$106,656
Management and general expenses
$8,770
Fundraising expenses
$0
Program service expenses (Part III)
$106,656

Program services were 92.4% 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.

  • 1e · Government grants (contributions)

    $4,025

  • 2a · Program service revenue: TENANT ASSISTANCE PAYM

    total $69,955 · related or exempt $69,955

  • 2b · Program service revenue: RENTAL REVENUE, NET

    total $18,327 · related or exempt $18,327

  • 3 · Investment income

    total $211 · excluded $211

  • 11a · Other revenue: LAUNDRY REVENUE

    total $202 · excluded $202

  • 11e · Other revenue, total

    $202

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $29,501 · program services $29,501

  • 9 · Other employee benefits

    total $710 · program services $710

  • 10 · Payroll taxes

    total $2,258 · program services $2,258

  • 11a · Fees: management

    total $4,872 · management and general $4,872

  • 11c · Fees: accounting

    total $3,898 · management and general $3,898

  • 12 · Advertising and promotion

    total $73 · program services $73

  • 13 · Office expenses

    total $5,603 · program services $5,603

  • 16 · Occupancy

    total $28,469 · program services $28,469

  • 22 · Depreciation, depletion and amortization

    total $13,112 · program services $13,112

  • 23 · Insurance

    total $161 · program services $161

  • 24a · Other expenses: CONTRACTS

    total $21,625 · program services $21,625

  • 24b · Other expenses: SUPPLIES

    total $1,888 · program services $1,888

  • 24c · Other expenses: HEATING/ COOLING

    total $1,778 · program services $1,778

  • 24d · Other expenses: GARBAGE AND TRASH REMOV

    total $1,478 · program services $1,478

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,124 · end of year $3,221

  • 4 · Accounts receivable

    beginning of year $149 · end of year $87

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,574 · end of year $3,211

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

    $651,234

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

    $400,932

  • 10c · Land, buildings and equipment, net

    beginning of year $263,414 · end of year $250,302

  • 15 · Other assets

    beginning of year $73,499 · end of year $79,624

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,136 · end of year $46,252

  • 19 · Deferred revenue

    end of year $2

  • 23 · Secured mortgages and notes payable

    beginning of year $549,700 · end of year $549,700

  • 25 · Other liabilities

    beginning of year $1,173 · end of year $1,446

  • 27 · Net assets without donor restrictions

    beginning of year -$238,249 · end of year -$260,955

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE QUALITY HOUSING TO THE ELDERLY, PEOPLE WITH DISABILITIES, & VERY LOW-INCOME PEOPLE.

  • TO PROVIDE HOUSING FOR ELDERLY AND LOW-INCOME PERSONS WITH DISABILITIES. JEFFERSON COURTYARD IS AN 8-UNIT PROJECT (INCLUDING A TWO-BEDROOM MANAGER'S UNIT).

    Expenses $106,656 · Revenue $88,282

As filed on the 2023 return.

Listed in Part VII

  • Matthew C Osborne

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paul Ponte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Segel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patrick Shea

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joshua Hammond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Baldacci

    DIRECTOR

    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
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202442919349301614

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