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← PRESBYTERIAN VILLAGE HOLLY PHASE II NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2022

Filed by PRESBYTERIAN VILLAGE HOLLY PHASE II NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$488,568
Total expenses
$600,012
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$468,586
Investment income
$845
Other revenue
$19,137
Total assets, end of year
$2,004,184
Total liabilities, end of year
$3,739,383
Net assets or fund balances, end of year
-$1,735,199
Program services expenses (Part IX)
$516,667
Management and general expenses
$83,345
Fundraising expenses
$0
Program service expenses (Part III)
$516,667

Program services were 86.1% 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.

  • 2a · Program service revenue: Apartment rental

    total $468,586 · related or exempt $468,586

  • 3 · Investment income

    total $845 · related or exempt $845

  • 11a · Other revenue: laundry

    total $1,737 · related or exempt $1,737

  • 11b · Other revenue: TV service

    total $17,400 · related or exempt $17,400

  • 11e · Other revenue, total

    $19,137

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $28,299 · management and general $28,299

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $55,393 · program services $55,393

  • 8 · Pension plan contributions

    total $959 · program services $635 · management and general $324

  • 9 · Other employee benefits

    total $2,241 · program services $1,483 · management and general $758

  • 10 · Payroll taxes

    total $5,855 · program services $3,875 · management and general $1,980

  • 11a · Fees: management

    total $36,720 · management and general $36,720

  • 11b · Fees: legal

    total $150 · management and general $150

  • 11c · Fees: accounting

    total $10,450 · management and general $10,450

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $2,617 · program services $2,617

  • 13 · Office expenses

    total $18,035 · program services $18,035

  • 14 · Information technology

    total $15,021 · program services $15,021

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $202,658 · program services $202,658

  • 17 · Travel

    total $620 · management and general $620

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $91 · program services $91

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $178,506 · program services $178,506

  • 23 · Insurance

    total $37,780 · program services $37,780

  • 24a · Other expenses: bad debts

    total $573 · program services $573

  • 24e · All other expenses

    total $4,044 · management and general $4,044

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,671 · end of year $19,928

  • 2 · Savings and temporary cash investments

    beginning of year $333,840 · end of year $331,385

  • 4 · Accounts receivable

    beginning of year $98 · end of year $18

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,311

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

    $5,083,425

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

    $3,430,572

  • 10c · Land, buildings and equipment, net

    beginning of year $1,746,996 · end of year $1,652,853

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,986 · end of year $57,867

  • 25 · Other liabilities

    beginning of year $3,680,685 · end of year $3,681,516

  • 27 · Net assets without donor restrictions

    beginning of year -$1,623,755 · end of year -$1,735,199

Mission and programs · 2022

Mission

Provide housing and services to low income senior adults

  • Provide housing and related services to low income senior adults Our complex consists of 51 apartments

    Expenses $516,667 · Revenue $488,568

As filed on the 2022 return.

Listed in Part VII

  • Deanna Coggins

    Administrator

    Total calculated
    $74,198
    From this org
    $29,679
    From related orgs
    $44,519
    Other
    $0
    Hours/week
    16 + 24 related

  • William Walters

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kaye Thorsby

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mary Lloyd

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Reisa Hamilton

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steve McGee

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Story

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dawn White

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 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.

Schedule J

Answered yes

None.

Answered no

  • 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
  • 9 · Followed the rebuttable-presumption procedure

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
2022
Filed
30 April 2024
IRS schema version
2022v5.0
Source object
202421249349301642

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