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Nonprofiteer
← METCALFE HOUSING CORPORATION

Form 990 for tax year 2022

Filed by METCALFE HOUSING CORPORATION.

Totals

Total revenue
$714,452
Total expenses
$672,619
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$714,419
Investment income
$33
Other revenue
$0
Total assets, end of year
$1,174,303
Total liabilities, end of year
$982,044
Net assets or fund balances, end of year
$192,259
Program services expenses (Part IX)
$672,619
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$672,619

Program services were 100.0% 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: RENT INCOME-APARTMENTS

    total $714,554 · related or exempt $714,554

  • 2b · Program service revenue: OTHER CHARGES

    total -$135 · related or exempt -$135

  • 3 · Investment income

    total $33 · related or exempt $33

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $95,186 · program services $95,186

  • 9 · Other employee benefits

    total $30,593 · program services $30,593

  • 10 · Payroll taxes

    total $7,645 · program services $7,645

  • 11a · Fees: management

    total $49,207 · program services $49,207

  • 11b · Fees: legal

    total $208 · program services $208

  • 11c · Fees: accounting

    total $17,528 · program services $17,528

  • 12 · Advertising and promotion

    total $210 · program services $210

  • 13 · Office expenses

    total $15,543 · program services $15,543

  • 19 · Conferences, conventions and meetings

    total $2,033 · program services $2,033

  • 20 · Interest

    total $30,543 · program services $30,543

  • 22 · Depreciation, depletion and amortization

    total $78,057 · program services $78,057

  • 23 · Insurance

    total $69,774 · program services $69,774

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $140,400 · program services $140,400

  • 24b · Other expenses: UTILITIES

    total $61,412 · program services $61,412

  • 24c · Other expenses: PROPERTY TAXES

    total $54,419 · program services $54,419

  • 24d · Other expenses: MISCELLANEOUS ADMIN

    total $11,162 · program services $11,162

  • 24e · All other expenses

    total $8,699 · program services $8,699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,544 · end of year $18,186

  • 4 · Accounts receivable

    beginning of year $16,422 · end of year $12,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $45,762 · end of year $46,162

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

    $3,272,521

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

    $2,536,842

  • 10c · Land, buildings and equipment, net

    beginning of year $723,592 · end of year $735,679

  • 15 · Other assets

    beginning of year $445,551 · end of year $361,956

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,550 · end of year $95,543

  • 23 · Secured mortgages and notes payable

    beginning of year $958,732 · end of year $868,297

  • 25 · Other liabilities

    beginning of year $17,164 · end of year $18,204

  • 27 · Net assets without donor restrictions

    beginning of year $150,425 · end of year $192,259

Mission and programs · 2022

Mission

LOW INCOME HOUSING PROVIDED THROUGH THE OPERATION OF 80 APARTMENT UNITS TO THE ELDERLY AND/OR HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT

Activities or mission (Part I)

PROVISION OF LOW INCOME HOUSING

  • LOW INCOME HOUSING PROVIDED THROUGH THE OPERATION OF 80 APARTMENT UNITS TO THE ELDERLY AND/OR HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT

    Expenses $672,619 · Revenue $714,452

As filed on the 2022 return.

Listed in Part VII

  • Frank Jackson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Barbara Brooks

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert Jackson

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Helen Bush

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Betty Jo Boyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Aurelia Jones-Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Washington

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
13 April 2023
IRS schema version
2022v5.0
Source object
202301109349300210

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