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Nonprofiteer
← COVENTRY PLACE INCORPORATED

Form 990 for tax year 2022

Filed by COVENTRY PLACE INCORPORATED.

Totals

Total revenue
$328,578
Total expenses
$435,794
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$325,260
Investment income
$88
Other revenue
$3,230
Total assets, end of year
$3,199,759
Total liabilities, end of year
$246,087
Net assets or fund balances, end of year
$2,953,672
Program services expenses (Part IX)
$383,337
Management and general expenses
$52,457
Fundraising expenses
$0
Program service expenses (Part III)
$383,337

Program services were 88.0% 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: RENTAL INCOME

    total $325,260 · related or exempt $325,260

  • 3 · Investment income

    total $88 · excluded $88

  • 11a · Other revenue: TENANT CHARGES

    total $3,230 · related or exempt $3,230

  • 11e · Other revenue, total

    $3,230

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $24,885 · management and general $24,885

  • 11c · Fees: accounting

    total $11,920 · management and general $11,920

  • 11g · Fees: other

    total $60,805 · program services $56,805 · management and general $4,000

  • 13 · Office expenses

    total $51,874 · program services $40,222 · management and general $11,652

  • 16 · Occupancy

    total $183,724 · program services $183,724

  • 20 · Interest

    total $1 · program services $1

  • 22 · Depreciation, depletion and amortization

    total $72,771 · program services $72,771

  • 23 · Insurance

    total $16,119 · program services $16,119

  • 24a · Other expenses: BAD DEBT

    total $13,695 · program services $13,695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,531 · end of year $2,637

  • 4 · Accounts receivable

    beginning of year $4,562 · end of year $10,589

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,442 · end of year $4,002

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

    $4,153,628

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

    $1,154,179

  • 10c · Land, buildings and equipment, net

    beginning of year $3,052,720 · end of year $2,999,449

  • 15 · Other assets

    beginning of year $170,809 · end of year $183,082

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,870 · end of year $209,116

  • 19 · Deferred revenue

    beginning of year $9,072 · end of year $16,147

  • 25 · Other liabilities

    beginning of year $19,234 · end of year $20,824

  • 27 · Net assets without donor restrictions

    beginning of year -$930,612 · end of year -$1,037,828

  • 28 · Net assets with donor restrictions

    beginning of year $3,991,500 · end of year $3,991,500

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY

Activities or mission (Part I)

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

  • OPERATION OF 30-UNIT APARTMENT COMPLEX THROUGH A FEDERALLY SUBSIDIZED U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 202 PROGRAM TO SUPPORT LOW INCOME HOUSING FOR THE ELDERLY. THE PROJECT OPERATES UNDER THE SPONSORSHIP OF COMMUNITY RENEWAL TEAM (A NOT FOR PROFIT ORGANIZATION).

    Expenses $383,337 · Revenue $328,490

As filed on the 2022 return.

Listed in Part VII

  • Peter Roach

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Mary Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Pestana Jr

    SECRETARY/TREASURER

    Total calculated
    $158,498
    From this org
    $0
    From related orgs
    $131,682
    Other
    $26,816
    Hours/week
    1 + 40 related

  • Jose Vega

    DIRECTOR

    Total calculated
    $73,516
    From this org
    $0
    From related orgs
    $60,388
    Other
    $13,128
    Hours/week
    1 + 40 related

  • Nancy Pappas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Ackerman

    DIRECTOR

    Total calculated
    $153,908
    From this org
    $0
    From related orgs
    $129,301
    Other
    $24,607
    Hours/week
    1 + 40 related

  • Brenda Ransom

    VICE CHAIRPERSON

    Total calculated
    $107,656
    From this org
    $0
    From related orgs
    $103,863
    Other
    $3,793
    Hours/week
    1 + 40 related

  • Jeffrey Walsh

    CFO

    Total calculated
    $147,210
    From this org
    $0
    From related orgs
    $144,864
    Other
    $2,346
    Hours/week
    1 + 40 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.

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
30 October 2023
IRS schema version
2022v5.0
Source object
202303049349301175

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