Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $11,239

• 2a · Program service revenue: TENANT RENTS

  total $658,312 · related or exempt $658,312

• 2b · Program service revenue: LAUNDRY INCOME

  total $5,003 · related or exempt $5,003

• 3 · Investment income

  total $7,793 · excluded $7,793

• 7b · Less cost or other basis and sales expenses

  other assets $3,625

• 7c · Gain or loss

  other assets -$3,625

• 7d · Net gain or loss

  total -$3,625 · excluded -$3,625

• 11a · Other revenue: MISCELLANEOUS

  total $1,664 · related or exempt $1,664

• 11e · Other revenue, total

  $1,664

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $31,308 · program services $26,780 · management and general $4,528

• 8 · Pension plan contributions

  total $968 · program services $828 · management and general $140

• 9 · Other employee benefits

  total $4,655 · program services $3,982 · management and general $673

• 10 · Payroll taxes

  total $2,315 · program services $1,980 · management and general $335

• 11b · Fees: legal

  total $890 · management and general $890

• 11c · Fees: accounting

  total $8,717 · management and general $8,717

• 11g · Fees: other

  total $104,278 · program services $74,335 · management and general $29,943

• 12 · Advertising and promotion

  total $149 · management and general $149

• 13 · Office expenses

  total $16,682 · management and general $16,682

• 14 · Information technology

  total $6,582 · management and general $6,582

• 16 · Occupancy

  total $234,389 · program services $233,405 · management and general $984

• 17 · Travel

  total $258 · program services $258

• 19 · Conferences, conventions and meetings

  total $59 · management and general $59

• 20 · Interest

  total $6 · management and general $6

• 22 · Depreciation, depletion and amortization

  total $266,092 · program services $264,085 · management and general $2,007

• 23 · Insurance

  total $37,901 · management and general $37,901

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $101,187 · program services $101,187

• 24b · Other expenses: MANAGEMENT FEES

  total $34,345 · management and general $34,345

• 24c · Other expenses: BOOKKEEPING FEES

  total $4,914 · management and general $4,914

• 24d · Other expenses: MISCELLANEOUS EXPENSES

  total $120 · program services $39 · management and general $81

• 24e · All other expenses

  total $47 · management and general $47

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,545 · end of year $4,582

• 4 · Accounts receivable

  beginning of year $40,791 · end of year $35,220

• 8 · Inventories for sale or use

  beginning of year $690 · end of year $867

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,934 · end of year $3,759

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

  $6,933,040

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

  $5,854,843

• 10c · Land, buildings and equipment, net

  beginning of year $1,139,164 · end of year $1,078,197

• 15 · Other assets

  beginning of year $591,072 · end of year $490,806

• 17 · Accounts payable and accrued expenses

  beginning of year $50,092 · end of year $35,654

• 23 · Secured mortgages and notes payable

  beginning of year $2,202,644 · end of year $2,139,000

• 25 · Other liabilities

  beginning of year $229,332 · end of year $308,625

• 27 · Net assets without donor restrictions

  beginning of year -$696,352 · end of year -$871,328

• 28 · Net assets with donor restrictions

  beginning of year $1,480 · end of year $1,480

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

WILLIAM R. MARSHALL 0 22,500 0 LORINDA SCHALK 0 19,360 0

SCHEDULE J, PAGE 1, PART I, LINE 7

THE CEO RECEIVES A CONRIBUTION OF UP TO 10% OF HIS GROSS WAGES TO THE DEFERRED COMPENSATION PLAN IF THE RELATED PARENT ORGANIZATION MEETS CERTAIN BENCHMARKS ESTABLISHED BY THE BOARD OF DIRECTORS.