Totals
- Total revenue
- $687,657
- Total expenses
- $771,783
- Contributions and grants received
- $478,605
- Grants paid
- $0
- Program service revenue
- $203,217
- Investment income
- $1,463
- Other revenue
- $4,372
- Total assets, end of year
- $2,928,989
- Total liabilities, end of year
- $114,995
- Net assets or fund balances, end of year
- $2,813,994
- Program services expenses (Part IX)
- $702,411
- Management and general expenses
- $69,372
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $702,411
Program services were 91.0% 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.
-
1e · Government grants (contributions)
$478,605
-
2a · Program service revenue: TENANT RENTAL INCOME
total $203,217 · related or exempt $203,217
-
3 · Investment income
total $1,463 · excluded $1,463
-
11a · Other revenue: LAUNDRY & VENDING REVE
total $4,372 · related or exempt $4,372
-
11e · Other revenue, total
$4,372
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $50,702 · management and general $50,702
-
11b · Fees: legal
total $300 · program services $300
-
11c · Fees: accounting
total $18,670 · management and general $18,670
-
11g · Fees: other
total $171,390 · program services $171,390
-
12 · Advertising and promotion
total $480 · program services $480
-
13 · Office expenses
total $27,770 · program services $27,770
-
16 · Occupancy
total $317,641 · program services $317,641
-
19 · Conferences, conventions and meetings
total $1,641 · program services $1,641
-
22 · Depreciation, depletion and amortization
total $136,717 · program services $136,717
-
24a · Other expenses: RESIDENT SERVICES
total $46,472 · program services $46,472
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,759 · end of year $1,481
-
4 · Accounts receivable
beginning of year $42,878
-
9 · Prepaid expenses and deferred charges
beginning of year $13,376
-
10a · Land, buildings and equipment: cost or other basis
$5,045,655
-
10b · Land, buildings and equipment: accumulated depreciation
$2,628,257
-
10c · Land, buildings and equipment, net
beginning of year $2,530,580 · end of year $2,417,398
-
15 · Other assets
beginning of year $407,139 · end of year $510,110
-
17 · Accounts payable and accrued expenses
beginning of year $90,164 · end of year $97,893
-
19 · Deferred revenue
beginning of year $1,940 · end of year $2,980
-
21 · Escrow or custodial account liability
beginning of year $13,508 · end of year $14,122
-
27 · Net assets without donor restrictions
beginning of year $2,898,120 · end of year $2,813,994
Mission and programs · 2022
Mission
TO CONSTRUCT OWN AND OPERATE 51 UNITS OF AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN CRANSTON, RI.
Activities or mission (Part I)
PROVIDE HOUSING FOR PERSONS OF LOW INCOME STATUS.
-
TO CONSTRUCT OWN AND OPERATE 51 UNITS OF AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN CRANSTON, RI.
Expenses $702,411 · Revenue $207,589
As filed on the 2022 return.
Listed in Part VII
-
Phillip L ClayPHILLIP L CLAY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
-
Susan McCann Until 7822SUSAN MCCANN UNTIL 7822
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1
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
- 2022
- Filed
- 25 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401179349300720
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