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Nonprofiteer
← SOUTHWEST FLORIDA GWI HOUSING VI INC

Form 990 for tax year 2023

Filed by SOUTHWEST FLORIDA GWI HOUSING VI INC.

Totals

Total revenue
$91,529
Total expenses
$135,151
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$91,527
Investment income
$2
Other revenue
$0
Total assets, end of year
$381,152
Total liabilities, end of year
$864,592
Net assets or fund balances, end of year
-$483,440
Program services expenses (Part IX)
$116,188
Management and general expenses
$18,963
Fundraising expenses
$0
Program service expenses (Part III)
$116,188

Program services were 86.0% 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: RENT REVENUE

    total $91,527 · related or exempt $91,527

  • 3 · Investment income

    total $2 · related or exempt $2

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $12,714 · program services $12,714

  • 9 · Other employee benefits

    total $2,518 · program services $2,518

  • 10 · Payroll taxes

    total $1,042 · program services $1,042

  • 11a · Fees: management

    total $11,916 · management and general $11,916

  • 11c · Fees: accounting

    total $6,805 · management and general $6,805

  • 13 · Office expenses

    total $6,728 · program services $6,728

  • 16 · Occupancy

    total $25,346 · program services $25,346

  • 19 · Conferences, conventions and meetings

    total $242 · management and general $242

  • 22 · Depreciation, depletion and amortization

    total $41,503 · program services $41,503

  • 23 · Insurance

    total $454 · program services $454

  • 24a · Other expenses: OPERATING & MAINTENANCE

    total $21,748 · program services $21,748

  • 24b · Other expenses: OTHER ADMIN

    total $3,831 · program services $3,831

  • 24c · Other expenses: MISC TAXES

    total $304 · program services $304

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9 · end of year $113

  • 4 · Accounts receivable

    beginning of year $9,372 · end of year $4,031

  • 9 · Prepaid expenses and deferred charges

    beginning of year $833 · end of year $417

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

    $1,161,632

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

    $805,091

  • 10c · Land, buildings and equipment, net

    beginning of year $376,933 · end of year $356,541

  • 15 · Other assets

    beginning of year $29,815 · end of year $20,050

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,538 · end of year $10,074

  • 19 · Deferred revenue

    beginning of year $832 · end of year $4,067

  • 23 · Secured mortgages and notes payable

    beginning of year $847,200 · end of year $847,200

  • 25 · Other liabilities

    beginning of year $3,210 · end of year $3,251

  • 27 · Net assets without donor restrictions

    beginning of year -$439,818 · end of year -$483,440

Mission and programs · 2023

Mission

PROVIDING HUD SPONSORED INDEPENDENT LIVING FACILITIES FOR LOW INCOME DISABLED INDIVIDUALS.

  • OPERATION OF 12 RESIDENTIAL RENTAL APARTMENTS IN SOUTHWEST FLORIDA DESIGNATED SPECIFICALLY FOR THE OCCUPANCY OF DISABLED PERSONS.

    Expenses $116,188 · Revenue $91,527

As filed on the 2023 return.

Listed in Part VII

  • DANIEL ADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.3 related

  • DALE SCHNEIDER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.3 related

  • JOSEPH SPIELMAN

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 1.3 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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
1 March 2024
IRS schema version
2023v5.0
Source object
202431159349300518

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