Form 990 for tax year 2023
Filed by MILES FOUNDATION SERVICE CORPORATION.
Totals
- Total revenue
- $1,582,377
- Total expenses
- $1,504,633
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,528,266
- Investment income
- $601
- Other revenue
- $53,510
- Total assets, end of year
- $2,776,655
- Total liabilities, end of year
- $2,585,927
- Net assets or fund balances, end of year
- $190,728
- Program services expenses (Part IX)
- $1,227,638
- Management and general expenses
- $274,471
- Fundraising expenses
- $2,524
- Program service expenses (Part III)
- $1,227,638
Program services were 81.6% 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 $1,528,266 · related or exempt $1,528,266
-
3 · Investment income
total $601 · related or exempt $601
-
11a · Other revenue: Laundry and Vending
total $2,660 · related or exempt $2,660
-
11b · Other revenue: Tenant Charges
total $1,065 · related or exempt $1,065
-
11c · Other revenue: Miscellaneous
total $49,785 · related or exempt $49,785
-
11e · Other revenue, total
$53,510
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $154,775 · program services $154,775
-
23 · Insurance
total $109,076 · program services $109,076
-
24a · Other expenses: Administrative
total $276,995 · management and general $274,471 · fundraising $2,524
-
24b · Other expenses: Utilities
total $215,338 · program services $215,338
-
24c · Other expenses: Financial Expenses
total $106,722 · program services $106,722
-
24d · Other expenses: Operating and Maintenance
total $566,001 · program services $566,001
-
24e · All other expenses
total $75,726 · program services $75,726
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $157,932 · end of year $59,410
-
4 · Accounts receivable
beginning of year $4,312 · end of year $3,863
-
9 · Prepaid expenses and deferred charges
beginning of year $12,750 · end of year $13,520
-
10a · Land, buildings and equipment: cost or other basis
$6,485,406
-
10b · Land, buildings and equipment: accumulated depreciation
$4,439,273
-
10c · Land, buildings and equipment, net
beginning of year $2,031,332 · end of year $2,046,133
-
15 · Other assets
beginning of year $538,388 · end of year $653,729
-
17 · Accounts payable and accrued expenses
beginning of year $49,678 · end of year $52,294
-
23 · Secured mortgages and notes payable
beginning of year $2,546,143 · end of year $2,493,735
-
25 · Other liabilities
beginning of year $35,909 · end of year $39,898
-
27 · Net assets without donor restrictions
beginning of year $112,984 · end of year $190,728
Mission and programs · 2023
Mission
The Organization operates a housing complex for low income/elderly tenants. All activities are regulated by the U.S. Department of Housing and Urban Development HUD.
-
The Organization operates a housing complex for low income tenants. The activities are regulated by the U.S. Department of Housing and Urban Development.
Expenses $1,227,638 · Revenue $1,528,266
As filed on the 2023 return.
Listed in Part VII
-
Rev Dr Clarence Kelby Heath
Board Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Bobbie Knight
Vice Chair
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rev Dr Faith A Allen
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rev Dr Tyrone T Davis
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mrs Johnnie Williams
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mrs Lillie Jones
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rev Janice L Williams
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mr Melvin D Moton
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dr Lilly A Rainey
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mrs Yvonne Coleman
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Mrs Sabrina Mayes
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ms Deirdre Pierce
Board Member
- Total calculated
- $0
- Hours/week
- 1 + 1 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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 March 2024
- IRS schema version
- 2023v5.0
- Source object
- 202411019349301871
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