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Nonprofiteer
← DELTA TOWERS INC

Form 990 for tax year 2023

Filed by DELTA TOWERS INC.

Totals

Total revenue
$703,846
Total expenses
$551,118
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$703,818
Investment income
$28
Other revenue
$0
Total assets, end of year
$891,452
Total liabilities, end of year
$284,211
Net assets or fund balances, end of year
$607,241
Program services expenses (Part IX)
$551,118
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$551,118

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: HUD SUBSIDY AND TENANT

    total $692,193 · related or exempt $692,193

  • 2b · Program service revenue: LAUNDRY AND VENDING

    total $1,610 · related or exempt $1,610

  • 2c · Program service revenue: OTHER INCOME

    total $739 · related or exempt $739

  • 2f · All other program service revenue

    total $9,276 · related or exempt $9,276

  • 3 · Investment income

    total $28 · related or exempt $28

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $107,108 · program services $107,108

  • 9 · Other employee benefits

    total $16,391 · program services $16,391

  • 10 · Payroll taxes

    total $6,922 · program services $6,922

  • 11a · Fees: management

    total $37,445 · program services $37,445

  • 11c · Fees: accounting

    total $13,088 · program services $13,088

  • 12 · Advertising and promotion

    total $250 · program services $250

  • 13 · Office expenses

    total $14,063 · program services $14,063

  • 17 · Travel

    total $1,084 · program services $1,084

  • 20 · Interest

    total $27,574 · program services $27,574

  • 22 · Depreciation, depletion and amortization

    total $65,343 · program services $65,343

  • 23 · Insurance

    total $96,228 · program services $96,228

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $80,763 · program services $80,763

  • 24b · Other expenses: UTILITIES

    total $45,619 · program services $45,619

  • 24c · Other expenses: PROPERTY TAXES & OTHER

    total $34,460 · program services $34,460

  • 24d · Other expenses: BAD DEBTS

    total $3,685 · program services $3,685

  • 24e · All other expenses

    total $1,095 · program services $1,095

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,467 · end of year $7,509

  • 4 · Accounts receivable

    beginning of year $4,045 · end of year $4,666

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,337 · end of year $21,434

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

    $4,174,494

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

    $3,411,747

  • 10c · Land, buildings and equipment, net

    beginning of year $798,492 · end of year $762,747

  • 15 · Other assets

    beginning of year $121,180 · end of year $95,096

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,974 · end of year $31,902

  • 23 · Secured mortgages and notes payable

    beginning of year $406,591 · end of year $203,400

  • 25 · Other liabilities

    beginning of year $52,444 · end of year $48,909

  • 27 · Net assets without donor restrictions

    beginning of year $454,512 · end of year $607,241

Mission and programs · 2023

Mission

TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY AND/OR HANDICAPPED

Activities or mission (Part I)

PROVIDE LOW-INCOME HOUSING

  • LOW INCOME HOUSING PROVIDED THROUGH THE OPERATION OF 72 APARTMENT UNITS TO THE ELDERLY AND/OR HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

    Expenses $551,118 · Revenue $703,846

As filed on the 2023 return.

Listed in Part VII

  • Frank Jackson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Barbara Brooks

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Robert Jackson

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Helen Bush

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Betty Jo Boyd

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Aurelia Jones-Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Barbara Washington

    BOARD MEMBER

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
31 March 2025
IRS schema version
2023v6.0
Source object
202510979349301806

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