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Nonprofiteer
← WELLSPRING TONINI APARTMENTS INC

Form 990 for tax year 2023

Filed by WELLSPRING TONINI APARTMENTS INC.

Totals

Total revenue
$95,184
Total expenses
$158,820
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$93,950
Investment income
$0
Other revenue
$1,234
Total assets, end of year
$1,858,329
Total liabilities, end of year
$699,769
Net assets or fund balances, end of year
$1,158,560
Program services expenses (Part IX)
$130,424
Management and general expenses
$28,396
Fundraising expenses
$0
Program service expenses (Part III)
$130,424

Program services were 82.1% 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: HOUSING

    total $93,950 · related or exempt $93,950

  • 11a · Other revenue: MISCELLANEOUS

    total $1,234 · related or exempt $1,234

  • 11e · Other revenue, total

    $1,234

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,601 · management and general $9,601

  • 11b · Fees: legal

    total $579 · management and general $579

  • 11c · Fees: accounting

    total $7,599 · management and general $7,599

  • 13 · Office expenses

    total $2,392 · management and general $2,392

  • 14 · Information technology

    total $689 · program services $689

  • 16 · Occupancy

    total $46,980 · program services $46,980

  • 22 · Depreciation, depletion and amortization

    total $60,395 · program services $60,395

  • 23 · Insurance

    total $13,656 · program services $13,656

  • 24a · Other expenses: MISCELLANEOUS

    total $8,225 · management and general $8,225

  • 24b · Other expenses: CREDIT LOSSES

    total $7,759 · program services $7,759

  • 24c · Other expenses: VEHICLE OPERATIONS

    total $945 · program services $945

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,990 · end of year $2,744

  • 2 · Savings and temporary cash investments

    beginning of year $40,585 · end of year $43,260

  • 4 · Accounts receivable

    beginning of year $10,997 · end of year $438

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90 · end of year $120

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

    $2,474,102

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

    $662,335

  • 10c · Land, buildings and equipment, net

    beginning of year $1,868,120 · end of year $1,811,767

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,190 · end of year $70,217

  • 19 · Deferred revenue

    beginning of year $876 · end of year $1,338

  • 23 · Secured mortgages and notes payable

    beginning of year $636,663 · end of year $626,661

  • 25 · Other liabilities

    beginning of year $1,857 · end of year $1,553

  • 27 · Net assets without donor restrictions

    beginning of year $1,222,196 · end of year $1,158,560

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING FOR 12 MEN AND WOMEN WITH MENTAL ILLNESS

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING FOR MEN AND WOMEN WITH MENTAL ILLNESS

  • TO PROVIDE AFFORDABLE HOUSING FOR MEN AND WOMEN WITH MENTAL ILLNESS

    Expenses $130,424 · Revenue $95,184

As filed on the 2023 return.

Listed in Part VII

  • JACK TRAWICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • GEORGE RAPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • WILLIAM FRIEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEVE KERRICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KATHARINE DOBBINS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $147,818
    From this org
    $0
    From related orgs
    $134,207
    Other
    $13,611
    Hours/week
    0.5

  • JOHN ALEXANDER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $118,284
    From this org
    $0
    From related orgs
    $112,112
    Other
    $6,172
    Hours/week
    0.5

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 March 2025
IRS schema version
2023v6.0
Source object
202510739349301711

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