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Nonprofiteer
← IMMACULATE CONCEPTION SENIOR RESIDENCE INC

Form 990 for tax year 2023

Filed by IMMACULATE CONCEPTION SENIOR RESIDENCE INC.

Totals

Total revenue
$714,940
Total expenses
$913,243
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$713,789
Investment income
$325
Other revenue
$826
Total assets, end of year
$1,592,438
Total liabilities, end of year
$342,060
Net assets or fund balances, end of year
$1,250,378
Program services expenses (Part IX)
$695,578
Management and general expenses
$217,665
Fundraising expenses
$0
Program service expenses (Part III)
$695,578

Program services were 76.2% 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 - HUD

    total $398,670 · related or exempt $398,670

  • 2b · Program service revenue: RENT - TENANTS

    total $312,101 · related or exempt $312,101

  • 2c · Program service revenue: LAUNDRY REVENUE

    total $2,816 · related or exempt $2,816

  • 2d · Program service revenue: TENANT CHARGES

    total $202 · related or exempt $202

  • 3 · Investment income

    total $325 · excluded $325

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $826 · excluded $826

  • 11e · Other revenue, total

    $826

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $137,929 · program services $23,822 · management and general $114,107

  • 9 · Other employee benefits

    total $34,662 · program services $34,662

  • 10 · Payroll taxes

    total $12,646 · program services $12,646

  • 11a · Fees: management

    total $50,400 · management and general $50,400

  • 11c · Fees: accounting

    total $25,406 · management and general $25,406

  • 13 · Office expenses

    total $27,752 · management and general $27,752

  • 16 · Occupancy

    total $138,501 · program services $138,501

  • 22 · Depreciation, depletion and amortization

    total $241,438 · program services $241,438

  • 23 · Insurance

    total $36,003 · program services $36,003

  • 24a · Other expenses: CONTRACTS

    total $109,916 · program services $109,916

  • 24b · Other expenses: MISCELLANEOUS OPERATING

    total $68,454 · program services $68,454

  • 24c · Other expenses: SUPPLIES

    total $19,949 · program services $19,949

  • 24d · Other expenses: OPERATING AND MAINTENAN

    total $10,164 · program services $10,164

  • 24e · All other expenses

    total $23 · program services $23

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250 · end of year $250

  • 2 · Savings and temporary cash investments

    beginning of year $19,260 · end of year $2,486

  • 4 · Accounts receivable

    beginning of year $19,458 · end of year $1,389

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

    $6,968,379

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

    $5,493,121

  • 10c · Land, buildings and equipment, net

    beginning of year $1,697,860 · end of year $1,475,258

  • 15 · Other assets

    beginning of year $78,989 · end of year $113,055

  • 17 · Accounts payable and accrued expenses

    beginning of year $323,624 · end of year $300,252

  • 19 · Deferred revenue

    end of year $38

  • 21 · Escrow or custodial account liability

    beginning of year $23,508 · end of year $24,270

  • 24 · Unsecured notes and loans payable

    beginning of year $20,000 · end of year $17,500

  • 27 · Net assets without donor restrictions

    beginning of year $1,448,685 · end of year $1,250,378

Mission and programs · 2023

Mission

TO PROVIDE LOW INCOME HOUSING PRIMARILY FOR SENIOR CITIZENS.

  • THE ORGANIZATION OPERATES A 71 UNIT HOUSING COMPLEX FOR THE ELDERLY IN ELIZABETH, NJ.

    Expenses $695,578 · Revenue $713,789

As filed on the 2023 return.

Listed in Part VII

  • HENRY AMOROSO

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • JOHN WESTERVELT

    PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MALAGIERE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • REVEREND MONSIGNOR RONALD ROZNIAK

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • J KENNETH PAGANO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH MCCLENDON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BROTHER BENEDICT LO BALBO

    SECRETARY

    Total calculated
    $0
    Hours/week
    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.

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 partnerships

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

Provenance

Return type
form_990
Tax year
2023
Filed
19 December 2024
IRS schema version
2023v5.1
Source object
202403549349301750

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