Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL REVENUE

  total $47,009 · related or exempt $47,009

• 3 · Investment income

  total $535 · excluded $535

• 11a · Other revenue: LAUNDRY & VENDING

  total $1,820 · excluded $1,820

• 11e · Other revenue, total

  $1,820

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $54,758 · program services $13,029 · management and general $41,729

• 8 · Pension plan contributions

  total $1,123 · program services $267 · management and general $856

• 9 · Other employee benefits

  total $7,261 · program services $1,727 · management and general $5,534

• 10 · Payroll taxes

  total $3,628 · program services $863 · management and general $2,765

• 11a · Fees: management

  total $8,821 · management and general $8,821

• 11b · Fees: legal

  total $1,575 · management and general $1,575

• 11c · Fees: accounting

  total $13,362 · management and general $13,362

• 11g · Fees: other

  total $164,275 · program services $156,100 · management and general $8,175

• 13 · Office expenses

  total $36,556 · program services $26,208 · management and general $10,348

• 14 · Information technology

  total $971 · management and general $971

• 16 · Occupancy

  total $16,402 · program services $16,402

• 19 · Conferences, conventions and meetings

  total $351 · management and general $351

• 22 · Depreciation, depletion and amortization

  total $69,447 · program services $69,447

• 23 · Insurance

  total $15,400 · program services $15,400

• 24a · Other expenses: BAD DEBT EXPENSE

  total $16,266 · management and general $16,266

• 24b · Other expenses: MISCELLANEOUS

  total $1,717 · program services $1,717

• 24c · Other expenses: RESIDENT/CONSUMER ACTIV

  total $207 · management and general $207

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $200 · end of year $200

• 2 · Savings and temporary cash investments

  beginning of year $9,206 · end of year $20,986

• 4 · Accounts receivable

  end of year $1,565

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,257 · end of year $10,894

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

  $3,073,915

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

  $2,029,281

• 10c · Land, buildings and equipment, net

  beginning of year $1,024,606 · end of year $1,044,634

• 15 · Other assets

  beginning of year $254,644 · end of year $265,285

• 17 · Accounts payable and accrued expenses

  beginning of year $20,334 · end of year $80,093

• 21 · Escrow or custodial account liability

  beginning of year $4,398 · end of year $4,280

• 23 · Secured mortgages and notes payable

  beginning of year $404,324 · end of year $404,324

• 25 · Other liabilities

  beginning of year $569,451 · end of year $917,217

• 27 · Net assets without donor restrictions

  beginning of year $300,406 · end of year -$62,350

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION POLICY OF RELATED ORGANIZATION: THE PARENT ORGANIZATION, INGLIS FOUNDATION, RETAINS AN EXTERNAL FIRM TO CONDUCT MARKET STUDIES AND MAKE RECOMMENDATIONS FOR COMPENSATION. EXECUTIVE COMPENSATION IS EVALUATED ANNUALLY AND THE FINDINGS ARE PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. AN ANNUAL BENCHMARK IS CONDUCTED FOR EXECUTIVE COMPENSATION AND FOR ANY POSITION THAT IS IN HIGH DEMAND AND AN EXTERNAL FIRM PROVIDES OVERALL TRENDS FOR THE YEAR. COMPENSATION HAS BEEN REVIEWED IN 2022. THE ORGANIZATION USES THIS POLICY TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• INGLIS APARTMENTS AT ELMWOOD LP

  TO OWN AND OPERATE HOUSING UNITS FOR PERSONS WITH PHYSICAL DISABILITIES · PA

• MISSION GREEN LP

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• BELMONT SPECIALTY HOUSING I LP

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• BELMONT SPECIALTY HOUSING II LP

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• BELMONT SPECIALTY HOUSING GENERAL PARTNER I LP

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• BELMONT SPECIALTY HOUSING GENERAL PARTNER II LP

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• BELMONT SPECIALTY HOUSING MANAGER LLC

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• BELMONT SPECIALTY HOUSING GP II LLC

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• INGLIS METHODIST GARDENS LP

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• MAKEMIE COURT LP

  TO OWN AND OPERATE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• INGLIS APARTMENTS AT ELMWOOD INC

  C · TO PROVIDE HOUSING FOR PERSONS WITH PHYSICAL DISABILITIES · PA

• INGLIS APARTMENTS AT MISSION GREEN INC

  C · TO PROVIDE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• BELMONT INGLIS HOUSING CORPORATION

  C · TO PROVIDE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• INGLIS IMG INC

  C · TO PROVIDE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA

• IHC MAKEMIE HOUSING INC

  C · TO PROVIDE AFFORDABLE HOUSING UNITS FOR LOW INCOME HOUSEHOLDS · PA