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Nonprofiteer
← WHEELER EAST STREET HOLDINGS INC

Form 990 for tax year 2022

Filed by WHEELER EAST STREET HOLDINGS INC.

Totals

Total revenue
$102,645
Total expenses
$736,672
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$102,000
Investment income
$645
Other revenue
$0
Total assets, end of year
$18,494,023
Total liabilities, end of year
$8,640,000
Net assets or fund balances, end of year
$9,854,023
Program services expenses (Part IX)
$735,172
Management and general expenses
$1,500
Fundraising expenses
$0
Program service expenses (Part III)
$735,172

Program services were 99.8% 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: RENTAL INCOME

    total $102,000 · related or exempt $102,000

  • 3 · Investment income

    total $645 · excluded $645

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 16 · Occupancy

    total $3,299 · program services $3,299

  • 22 · Depreciation, depletion and amortization

    total $731,873 · program services $731,873

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $368,828 · end of year $270,832

  • 4 · Accounts receivable

    beginning of year $68,996 · end of year $76,374

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

    $23,704,695

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

    $5,557,878

  • 10c · Land, buildings and equipment, net

    beginning of year $18,640,032 · end of year $18,146,817

  • 17 · Accounts payable and accrued expenses

    beginning of year $224,206 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $8,640,000 · end of year $8,640,000

  • 27 · Net assets without donor restrictions

    beginning of year $10,213,650 · end of year $9,854,023

Mission and programs · 2022

Mission

WHEELER EAST STREET HOLDINGS OWNS TWO PROPERTIES THAT ARE USED EXCLUSIVELY AS FACILITIES TO SUPPORT THE WORK OF WHEELER MISSION MINISTRIES. WHEELER MISSION MINISTRIES IS USING THE FACILITIES AS SHELTERS.

Activities or mission (Part I)

TO PROVIDE A SPACE IN WHICH ITS SOLE CORPORATE MEMBER, WHEELER MISSION MINISTRIES, INC. ("WHEELER"), MAY OFFER PROGRAMMING FOR UNDERPRIVILEGED INDIVIDUALS.

  • PROVIDE FACILITIES TO SUPPORT THE WORK OF WHEELER MISSION MINISTRIES.

    Expenses $735,172 · Revenue $102,000

As filed on the 2022 return.

Listed in Part VII

  • Rick Alvis End 323

    CHAIRMAN/PRESIDENT

    Total calculated
    $255,457
    From this org
    $0
    From related orgs
    $240,459
    Other
    $14,998
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,350 related
    Bonus
    $0
    Other
    $0 + $32,109 related
    Deferred
    $0 + $14,156 related
    Nontaxable benefits
    $0 + $842 related
    Filer's total
    $0 + $255,457 related

  • Michael Schiele

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Fritz Breisch

    SECRETARY/TREASURER

    Total calculated
    $161,067
    From this org
    $0
    From related orgs
    $127,108
    Other
    $33,959
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,108 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,414 related
    Nontaxable benefits
    $0 + $25,545 related
    Filer's total
    $0 + $161,067 related

  • Colleen Gore

    BOARD MEMBER

    Total calculated
    $121,904
    From this org
    $0
    From related orgs
    $100,650
    Other
    $21,254
    Hours/week
    1

  • Art Shoener

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Perry Hines Beg 523

    CHAIRMAN/PRESIDENT

    Total calculated
    $138,162
    From this org
    $0
    From related orgs
    $113,741
    Other
    $24,421
    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. 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

None.

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

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT IS COMPENSATED BY A RELATED ENTITY AND IS AN ORDAINED MINISTER. AS A MINISTER, PART OF HIS SALARY IS CONSIDERED A HOUSING ALLOWANCE UNDER REG. 1.1402(C)-5 .
PART I, LINE 3
THE PRESIDENT IS COMPENSATED BY A RELATED ENTITY. THAT ENTITY USES FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND BOARD APPROVAL TO DETERMINE COMPENSATION.

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.

  • WHEELER MISSION MINISTRIES INC

    501(C)(3) · PROVIDES CHRIST CENTERED PROGRAMS TO THE HOMELESS AND THOSE IN NEED · IN

    Directly controlled by WHEELER MISSION MINISTRIES INC

Provenance

Return type
form_990
Tax year
2022
Filed
9 October 2023
IRS schema version
2022v5.0
Source object
202322839349300807

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