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Nonprofiteer
← MEADOWS HOUSING CORPORATION INC

Form 990 for tax year 2022

Filed by MEADOWS HOUSING CORPORATION INC.

Totals

Total revenue
$1,214,645
Total expenses
$299,318
Contributions and grants received
$167,909
Grants paid
$0
Program service revenue
$178,244
Investment income
$868,492
Other revenue
$0
Total assets, end of year
$1,910,693
Total liabilities, end of year
$590,696
Net assets or fund balances, end of year
$1,319,997
Program services expenses (Part IX)
$281,545
Management and general expenses
$17,773
Fundraising expenses
$0
Program service expenses (Part III)
$281,545

Program services were 94.1% 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.

  • 1e · Government grants (contributions)

    $167,909

  • 2a · Program service revenue: NET TENANT RENTS

    total $105,824 · related or exempt $105,824

  • 2b · Program service revenue: OTHER RENT RELATED REVENUE

    total $72,420 · related or exempt $72,420

  • 7a · Gross sales of assets other than inventory

    other assets $1,325,000

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

    other assets $456,508

  • 7c · Gain or loss

    other assets $868,492

  • 7d · Net gain or loss

    total $868,492 · related or exempt $868,492

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $28,882 · program services $28,882

  • 8 · Pension plan contributions

    total $655 · program services $655

  • 9 · Other employee benefits

    total $7,208 · program services $7,208

  • 10 · Payroll taxes

    total $2,451 · program services $2,451

  • 11a · Fees: management

    total $20,462 · program services $20,462

  • 11b · Fees: legal

    total $2,451 · program services $2,451

  • 11c · Fees: accounting

    total $18,980 · program services $4,080 · management and general $14,900

  • 12 · Advertising and promotion

    total $1,269 · program services $1,269

  • 13 · Office expenses

    total $4,469 · program services $4,469

  • 14 · Information technology

    total $5,590 · program services $5,590

  • 17 · Travel

    total $967 · program services $967

  • 19 · Conferences, conventions and meetings

    total $1,360 · management and general $1,360

  • 20 · Interest

    total $4,791 · program services $4,791

  • 22 · Depreciation, depletion and amortization

    total $89,643 · program services $89,643

  • 23 · Insurance

    total $55,695 · program services $55,695

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $26,079 · program services $26,079

  • 24b · Other expenses: UTILITIES

    total $13,535 · program services $13,535

  • 24c · Other expenses: OTHER MISCELLANEOUS EXP

    total $6,367 · program services $6,367

  • 24d · Other expenses: R/E TAXES & PPT

    total $6,260 · program services $6,260

  • 24e · All other expenses

    total $2,204 · program services $691 · management and general $1,513

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $156,313 · end of year $847,298

  • 4 · Accounts receivable

    beginning of year $14,579 · end of year $14,303

  • 9 · Prepaid expenses and deferred charges

    beginning of year $76,526 · end of year $14,736

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

    $1,792,319

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

    $848,022

  • 10c · Land, buildings and equipment, net

    beginning of year $1,431,753 · end of year $944,297

  • 15 · Other assets

    beginning of year $125,603 · end of year $90,059

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,457 · end of year $148,339

  • 19 · Deferred revenue

    beginning of year $3,058 · end of year $3,076

  • 23 · Secured mortgages and notes payable

    beginning of year $1,208,838 · end of year $428,096

  • 25 · Other liabilities

    beginning of year $32,751 · end of year $11,185

  • 27 · Net assets without donor restrictions

    beginning of year $404,670 · end of year $1,319,997

Mission and programs · 2022

Mission

TO PROVIDE HOUSING AND SERVICES TO LOW, VERY LOW, AND EXTREMELY LOW INCOME FAMILIES.

  • TO PROVIDE HOUSING AND SERVICES TO LOW, VERY LOW, AND EXTREMELY LOW INCOME FAMILIES.

    Expenses $281,545 · Revenue $1,046,735

As filed on the 2022 return.

Listed in Part VII

  • Rev Andy Thompson

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Nancy Albonetti

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2

  • Carol Avens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Cynthia Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dwight Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Meredith Bingham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joyce Ferger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Garst

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Holly Mitchener

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Phyllis Gay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Eddie Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Harris

    NON-VOTING CEO

    Total calculated
    $0
    Hours/week
    1

  • James Nasso

    NON-VOTING CEO

    Total calculated
    $0
    Hours/week
    1

  • Donald Ollio

    NON-VOTING CFO

    Total calculated
    $0
    Hours/week
    1

  • Ronald Budynas

    NON-VOTING COO

    Total calculated
    $0
    Hours/week
    1

  • Mary Lou Cushing

    NON-VOTING SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • WESLEY PINE RIDGE LLLP

    $1,325,000

    Disposition · FIXED ASSETS OF PINE RIDGE · Mar 21, 2022 · PARTNERSHIP

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349307962

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