Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Rental revenue

  total $50,568 · related or exempt $50,568 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $452 · related or exempt $0 · unrelated business $0 · excluded $452

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: Debt forgiveness

  total $24,703 · related or exempt $0 · unrelated business $0 · excluded $24,703

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $24,703

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $3,696 · program services $0 · management and general $3,696 · fundraising $0

• 11c · Fees: accounting

  total $19,435 · program services $0 · management and general $19,435 · fundraising $0

• 16 · Occupancy

  total $14,712 · program services $14,712 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $30,203 · program services $30,203 · management and general $0 · fundraising $0

• 23 · Insurance

  total $21,799 · program services $21,799

• 24a · Other expenses: Maintenance / Operating

  total $37,976 · program services $37,976 · management and general $0 · fundraising $0

• 24b · Other expenses: Miscellaneous taxes and fees

  total $250 · program services $250 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,139 · end of year $5,094

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,144 · end of year $2,271

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

  $1,624,589

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

  $463,662

• 10c · Land, buildings and equipment, net

  beginning of year $1,191,130 · end of year $1,160,927

• 15 · Other assets

  beginning of year $40,221 · end of year $44,218

• 17 · Accounts payable and accrued expenses

  beginning of year $10,500 · end of year $16,000

• 25 · Other liabilities

  beginning of year $165,176 · end of year $184,900

• 27 · Net assets without donor restrictions

  beginning of year -$134,042 · end of year -$186,390

• 28 · Net assets with donor restrictions

  beginning of year $1,198,000 · end of year $1,198,000

The filer's explanations (Part III)

Schedule J, Part I, Line 3

The Board of Directors of AHRC Nassau has a designated Compensation Committee which reviews and approves compensation to its Executive Director, other officers and key employees. The Compensation Committee utilizes, and retains for the organization's records, comparable industry data, employee tenure and skill evaluation and financial condition of the organization in establishing compensation policy. AHRC Nassau also engages an independent compensation consultant who provides a compensation study of salary and benefits, reviewed by the AHRC Nassau Compensation Committee.

Schedule J, Part I, Line 4

The Executive Director and Chief Financial Officer each received contributions of $90,925 and $57,730, respectively, to 457(f) retirement plans in year 2022. These contributions are included in Part II, Line 1(ii), column C(ii) and Part II, Line 2(ii), column C(ii), respectively. From inception, the plan was approved by an independent consultant who opined that the plan was consistent with competitive norms.