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Nonprofiteer
← PHEASANT ACRES APARTMENTS INC

Form 990 for tax year 2023

Filed by PHEASANT ACRES APARTMENTS INC.

Totals

Total revenue
$1,030,942
Total expenses
$748,927
Contributions and grants received
$552,867
Grants paid
$0
Program service revenue
$459,232
Investment income
$18,843
Other revenue
$0
Total assets, end of year
$1,519,535
Total liabilities, end of year
$51,864
Net assets or fund balances, end of year
$1,467,671
Program services expenses (Part IX)
$538,690
Management and general expenses
$210,237
Fundraising expenses
$0
Program service expenses (Part III)
$538,690

Program services were 71.9% 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)

    $552,867

  • 2a · Program service revenue: TENANT RENT REVENUE

    total $459,232 · related or exempt $459,232

  • 3 · Investment income

    total $18,843 · excluded $18,843

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $249,353 · program services $111,492 · management and general $137,861

  • 11b · Fees: legal

    total $123 · management and general $123

  • 11c · Fees: accounting

    total $7,300 · management and general $7,300

  • 12 · Advertising and promotion

    total $1,918 · management and general $1,918

  • 13 · Office expenses

    total $34,344 · management and general $34,344

  • 16 · Occupancy

    total $149,668 · program services $149,668

  • 17 · Travel

    total $16,263 · management and general $16,263

  • 19 · Conferences, conventions and meetings

    total $3,315 · management and general $3,315

  • 22 · Depreciation, depletion and amortization

    total $38,925 · program services $38,925

  • 23 · Insurance

    total $1,355 · program services $1,355

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $200,011 · program services $200,011

  • 24b · Other expenses: SNOW REMOVAL/GROUNDS

    total $22,815 · program services $22,815

  • 24c · Other expenses: OTHER SUPPLIES

    total $14,424 · program services $14,424

  • 24d · Other expenses: CREDIT LOSSES

    total $9,113 · management and general $9,113

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,003,685 · end of year $992,706

  • 4 · Accounts receivable

    beginning of year $3,273 · end of year $26,790

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,507 · end of year $9,655

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

    $4,105,990

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

    $3,615,606

  • 10c · Land, buildings and equipment, net

    beginning of year $309,044 · end of year $490,384

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,259 · end of year $12,936

  • 19 · Deferred revenue

    beginning of year $17,376 · end of year $5,825

  • 25 · Other liabilities

    beginning of year $31,942 · end of year $33,103

  • 27 · Net assets without donor restrictions

    beginning of year $1,269,932 · end of year $1,467,671

Mission and programs · 2023

Mission

TO PROVIDE HOUSING FOR THE PHYSICALLY AND MENTALLY DISABLED AND THE ELDERLY.

Activities or mission (Part I)

TO PROVIDE HOUSING TO THE PHYSICALLY AND MENTALLY DISABLED AND THE ELDERLY.

  • PHEASANT ACRES OPERATED A 100 UNIT APARTMENT COMPLEX PROVIDING HOUSING FOR THE PHYSICALLY AND MENTALLY DISABLED AND THE ELDERLY.

    Expenses $538,690 · Revenue $459,232

As filed on the 2023 return.

Listed in Part VII

  • Steve Kistner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathryn Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Chuck Corbett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Pecaut

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ed Arshem

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dale Jans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rebecca Chief Eagle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Will Poulson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Terry Keime

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Bill Wiebelhaus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anthony Lamb

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Treyla Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Briget Solomon

    DIRECTOR

    Total calculated
    $190,052
    From this org
    $0
    From related orgs
    $166,507
    Other
    $23,545
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,507 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,108 related
    Nontaxable benefits
    $0 + $13,437 related
    Filer's total
    $0 + $190,052 related

  • Carol Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Brandi Jorgensen

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Brianna Eaton

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Aaron Gehling

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

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

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
2023
Filed
6 May 2025
IRS schema version
2023v6.0
Source object
202541279349301414

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