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Nonprofiteer
← MENTAL HEALTH CARE AFFORDABLE HOUSING IV INC

Form 990 for tax year 2022

Filed by MENTAL HEALTH CARE AFFORDABLE HOUSING IV INC.

Totals

Total revenue
$196,957
Total expenses
$306,842
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$196,741
Investment income
$216
Other revenue
$0
Total assets, end of year
$1,497,937
Total liabilities, end of year
$118,231
Net assets or fund balances, end of year
$1,379,706
Program services expenses (Part IX)
$261,243
Management and general expenses
$45,599
Fundraising expenses
$0
Program service expenses (Part III)
$261,243

Program services were 85.1% 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: TENANT RENT

    total $194,757 · related or exempt $194,757

  • 2b · Program service revenue: TENANT CHARGES

    total $1,984 · related or exempt $1,984

  • 3 · Investment income

    total $216 · excluded $216

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $47,817 · program services $47,817

  • 10 · Payroll taxes

    total $4,274 · program services $4,274

  • 11a · Fees: management

    total $12,914 · management and general $12,914

  • 11b · Fees: legal

    total $100 · management and general $100

  • 11c · Fees: accounting

    total $13,548 · management and general $13,548

  • 13 · Office expenses

    total $23,267 · program services $4,230 · management and general $19,037

  • 16 · Occupancy

    total $74,855 · program services $74,855

  • 22 · Depreciation, depletion and amortization

    total $65,639 · program services $65,639

  • 23 · Insurance

    total $36,047 · program services $36,047

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $26,626 · program services $26,626

  • 24b · Other expenses: SECURITY CONTRACT

    total $1,755 · program services $1,755

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,177 · end of year $5,929

  • 3 · Pledges and grants receivable

    beginning of year $4,060 · end of year $2,622

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

    $2,116,852

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

    $673,250

  • 10c · Land, buildings and equipment, net

    beginning of year $1,509,241 · end of year $1,443,602

  • 15 · Other assets

    beginning of year $38,221 · end of year $45,784

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,639 · end of year $36,857

  • 19 · Deferred revenue

    beginning of year $269 · end of year $606

  • 25 · Other liabilities

    beginning of year $20,200 · end of year $80,768

  • 27 · Net assets without donor restrictions

    beginning of year $649,591 · end of year $679,706

  • 28 · Net assets with donor restrictions

    beginning of year $840,000 · end of year $700,000

Mission and programs · 2022

Mission

THE PROJECT PROVIDES HOUSING TO LOW-INCOME FAMILIES NOT OTHERWISE ABLETO AFFORD SAFE HOUSING. THE PROPERTY QUALIFIES TO RECEIVE SECTION 8BENEFITS IN ACCORDANCE WITH REGULATIONS OF THE UNITED STATESDEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Activities or mission (Part I)

TO ACQUIRE AND MANAGE PROPERTIESTO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES

  • SECTION 8 HOUSING ASSISTANCE PROGRAM. THIS PROGRAM IS FUNDED BY HUD ANDIS INTENDED TO SUBSIDIZE THE RENT CHARGED TO ALL TENANTS WHO QUALIFYDUE TO THEIR LOW-INCOME STATUS. RENTAL OF UNITS COMMENCED IN FEBRUARY2014.

    Expenses $261,243 · Revenue $196,741

As filed on the 2022 return.

Listed in Part VII

  • Ray Sikorski

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • David Tarabocchia

    SECRETARY/ TREAURER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Bosson

    CO-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Edi Erb

    CHAIRMAN OF HUD BOARD

    Total calculated
    $0
    Hours/week
    1

  • Jason Sumerau

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Smith

    OFFICER

    Total calculated
    $0
    Hours/week
    1

  • Roaya Tyson

    COO

    Total calculated
    $284,760
    From this org
    $0
    From related orgs
    $261,599
    Other
    $23,161
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,599 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $10,464 related
    Nontaxable benefits
    $0 + $12,697 related
    Filer's total
    $0 + $284,760 related

  • Ralph Jarden

    CFO

    Total calculated
    $192,455
    From this org
    $0
    From related orgs
    $174,336
    Other
    $18,119
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $169,336 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $6,973 related
    Nontaxable benefits
    $0 + $11,146 related
    Filer's total
    $0 + $192,455 related

  • Steve Welch

    CFO

    Total calculated
    $234,420
    From this org
    $0
    From related orgs
    $216,548
    Other
    $17,872
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $206,548 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $8,662 related
    Nontaxable benefits
    $0 + $9,210 related
    Filer's total
    $0 + $234,420 related

  • Joseph Rutherford

    CEO

    Total calculated
    $330,375
    From this org
    $0
    From related orgs
    $299,921
    Other
    $30,454
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,921 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $11,997 related
    Nontaxable benefits
    $0 + $18,457 related
    Filer's total
    $0 + $330,375 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 II, COLUMN B & C
FOR THE PURPOSE OF DETERMINING COMPENSATION, THE FILING ORGANIZATION, MENTAL HEALTH CARE AFFORDABLE HOUSING IV, INC., RELIED ON RELATED ORGANIZATIONS TO ESTABLISH COMPENSATION OF EXECUTIVES, OFFICERS, AND KEY EMPLOYEES. THE RELATED ORGANIZATION, MENTAL HEALTH CARE, INC., USED THE FOLLOWING PRACTICES FOR ESTABLISHING COMPENSATION FOR INDIVIDUALS: WRITTEN EMPLOYEE CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMITTEE.

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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202303189349308850

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