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Nonprofiteer
← NEARY LAGOON SENIOR HOUSING INC

Form 990 for tax year 2023

Filed by NEARY LAGOON SENIOR HOUSING INC.

Totals

Total revenue
$976,277
Total expenses
$1,028,981
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$972,213
Investment income
$4,064
Other revenue
$0
Total assets, end of year
$2,743,091
Total liabilities, end of year
$1,930,793
Net assets or fund balances, end of year
$812,298
Program services expenses (Part IX)
$955,586
Management and general expenses
$73,395
Fundraising expenses
$0
Program service expenses (Part III)
$955,586

Program services were 92.9% 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

    total $972,213 · related or exempt $972,213

  • 3 · Investment income

    total $4,064 · related or exempt $4,064

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $74,349 · program services $74,349

  • 9 · Other employee benefits

    total $24,726 · program services $24,726

  • 10 · Payroll taxes

    total $5,626 · program services $5,626

  • 11a · Fees: management

    total $56,159 · management and general $56,159

  • 11b · Fees: legal

    total $1,076 · management and general $1,076

  • 11c · Fees: accounting

    total $16,160 · management and general $16,160

  • 13 · Office expenses

    total $32,704 · program services $32,704

  • 16 · Occupancy

    total $126,326 · program services $126,326

  • 22 · Depreciation, depletion and amortization

    total $101,758 · program services $101,758

  • 23 · Insurance

    total $3,181 · program services $3,181

  • 24a · Other expenses: RECAPTURE OF RES RECEIPTS

    total $240,802 · program services $240,802

  • 24b · Other expenses: MISC OPERATING

    total $159,390 · program services $159,390

  • 24c · Other expenses: ENTITY EXPENSES

    total $121,371 · program services $121,371

  • 24d · Other expenses: ADMIN RENT-FREE UNIT

    total $29,097 · program services $29,097

  • 24e · All other expenses

    total $36,256 · program services $36,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $476,439 · end of year $179,967

  • 2 · Savings and temporary cash investments

    beginning of year $14,712

  • 4 · Accounts receivable

    beginning of year $1,750 · end of year $403

  • 9 · Prepaid expenses and deferred charges

    beginning of year $26,291 · end of year $28,601

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

    $3,911,540

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

    $2,168,238

  • 10c · Land, buildings and equipment, net

    beginning of year $1,426,154 · end of year $1,743,302

  • 15 · Other assets

    beginning of year $435,797 · end of year $790,818

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,996 · end of year $390,737

  • 19 · Deferred revenue

    end of year $11

  • 23 · Secured mortgages and notes payable

    beginning of year $1,335,353 · end of year $1,337,779

  • 25 · Other liabilities

    beginning of year $150,792 · end of year $202,266

  • 27 · Net assets without donor restrictions

    beginning of year $431,080 · end of year $812,298

  • 28 · Net assets with donor restrictions

    beginning of year $433,922

Mission and programs · 2023

Mission

TO PROVIDE SENIOR HOUSING FOR LOW-INCOME SENIORS AND HANDICAPPED PERSONS IN THE AREA OF SANTA CRUZ, CALIFORNIA

  • THE ORGANIZATION OPERATES A SENIOR HOUSING PROJECT, CONSISTING OF 35 UNITS SUBSIDIZED BY HUD, LOCATED IN THE CITY OF SANTA CRUZ, CALIFORNIA.

    Expenses $955,586 · Revenue $972,213

As filed on the 2023 return.

Listed in Part VII

  • LESLIE TAYLOR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DARRYL SEARUGGS

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES BUCK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CONNIE INGLISH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CATHY PERRING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN JINSEOK CHEON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAYNA POWELL

    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
28 August 2024
IRS schema version
2023v5.0
Source object
202412559349300631

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