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Nonprofiteer
← BUNTS ROAD HOUSING CORP

Form 990 for tax year 2023

Filed by BUNTS ROAD HOUSING CORP.

Totals

Total revenue
$123,425
Total expenses
$149,231
Contributions and grants received
$30,376
Grants paid
$0
Program service revenue
$93,044
Investment income
$5
Other revenue
$0
Total assets, end of year
$800,566
Total liabilities, end of year
$1,103,156
Net assets or fund balances, end of year
-$302,590
Program services expenses (Part IX)
$107,994
Management and general expenses
$41,237
Fundraising expenses
$0
Program service expenses (Part III)
$107,994

Program services were 72.4% 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.

  • 1d · Related organizations

    $30,376

  • 2a · Program service revenue: TENANT RENTS

    total $51,301 · related or exempt $51,301

  • 2b · Program service revenue: SECTION 811 PAYMENTS

    total $38,618 · related or exempt $38,618

  • 2c · Program service revenue: LAUNDRY AND VENDING

    total $3,125 · related or exempt $3,125

  • 3 · Investment income

    total $5 · excluded $5

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,130 · management and general $7,130

  • 11c · Fees: accounting

    total $11,450 · management and general $11,450

  • 11g · Fees: other

    total $3,640 · management and general $3,640

  • 13 · Office expenses

    total $3,690 · management and general $3,690

  • 16 · Occupancy

    total $76,639 · program services $76,639

  • 22 · Depreciation, depletion and amortization

    total $26,271 · program services $26,271

  • 23 · Insurance

    total $5,084 · program services $5,084

  • 24a · Other expenses: MISCELLANEOUS

    total $15,327 · management and general $15,327

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,344 · end of year $969

  • 2 · Savings and temporary cash investments

    beginning of year $42,758 · end of year $28,914

  • 4 · Accounts receivable

    beginning of year $240 · end of year $20,407

  • 9 · Prepaid expenses and deferred charges

    beginning of year $495 · end of year $495

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

    $1,141,948

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

    $392,167

  • 10c · Land, buildings and equipment, net

    beginning of year $773,338 · end of year $749,781

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,273 · end of year $24,837

  • 25 · Other liabilities

    beginning of year $1,078,686 · end of year $1,078,319

  • 27 · Net assets without donor restrictions

    beginning of year -$276,784 · end of year -$302,590

Mission and programs · 2023

Mission

TO CONSTRUCT, OWN AND OPERATE A MULTIFAMILY HOUSING FACILITY FOR LOW INCOME DISABLED RESIDENTS PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT AND TO PROVIDE SUCH RESIDENTS WITH SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS

  • OPERATION OF A MULTIFAMILY HOUSING FACILITY FOR LOW INCOME DISABLED RESIDENTS PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT

    Expenses $107,994 · Revenue $94,565

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

Listed in Part VII

  • Anthony Thomas

    EXECUTIVE DI

    Total calculated
    $195,381
    From this org
    $0
    From related orgs
    $190,631
    Other
    $4,750

    Schedule J breakdown matched by us

    Base
    not reported + $190,631 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $4,750 related
    Filer's total
    not reported + $195,381 related

  • Carriann Pafford

    CFO

    Total calculated
    $139,507
    From this org
    $0
    From related orgs
    $113,588
    Other
    $25,919

  • Ken Fogle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • David Lindner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
28 May 2024
IRS schema version
2023v5.0
Source object
202423109349301212

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