Totals
- Total revenue
- $190,622
- Total expenses
- $276,937
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $190,182
- Investment income
- $440
- Other revenue
- $0
- Total assets, end of year
- $1,221,664
- Total liabilities, end of year
- $2,290,349
- Net assets or fund balances, end of year
- -$1,068,685
- Program services expenses (Part IX)
- $251,393
- Management and general expenses
- $25,544
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $251,393
Program services were 90.8% 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: TENANT RENT PAYMENTS
total $59,462 · related or exempt $59,462
-
2b · Program service revenue: HOUSING ASSISTANCE PAYM
total $130,720 · related or exempt $130,720
-
2c · Program service revenue: TENANT CHARGES
-
3 · Investment income
total $440 · related or exempt $440
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $43,493 · program services $43,493
-
10 · Payroll taxes
total $3,334 · program services $3,334
-
11a · Fees: management
total $13,667 · management and general $13,667
-
11c · Fees: accounting
total $10,578 · management and general $10,578
-
11g · Fees: other
total $1,299 · management and general $1,299
-
13 · Office expenses
total $6,741 · program services $6,741
-
22 · Depreciation, depletion and amortization
total $66,877 · program services $66,877
-
23 · Insurance
total $23,427 · program services $23,427
-
24a · Other expenses: UTILITIES
total $34,479 · program services $34,479
-
24b · Other expenses: REPAIRS AND MAINTENANCE
total $54,826 · program services $54,826
-
24c · Other expenses: GARBAGE AND TRASH REMOVAL
total $18,216 · program services $18,216
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $25,261 · end of year $32,661
-
2 · Savings and temporary cash investments
beginning of year $211,295 · end of year $228,749
-
4 · Accounts receivable
beginning of year $4,455 · end of year $7,491
-
7 · Other notes and loans receivable
beginning of year $1,619 · end of year $1,619
-
10a · Land, buildings and equipment: cost or other basis
$2,452,946
-
10b · Land, buildings and equipment: accumulated depreciation
$1,501,802
-
10c · Land, buildings and equipment, net
beginning of year $1,002,384 · end of year $951,144
-
17 · Accounts payable and accrued expenses
beginning of year $82,251 · end of year $145,527
-
25 · Other liabilities
beginning of year $2,145,133 · end of year $2,144,822
-
27 · Net assets without donor restrictions
beginning of year -$982,370 · end of year -$1,068,685
Mission and programs · 2022
Mission
Provide housing to low income disabled persons by operating an apartment community regulated by HUD under Section 811 of the National Affordable Housing Act of 1990.
-
PROVIDE HOUSING TO LOW INCOME DISABLED PERSONS BY OPERATING AN APARTMENT COMMUNITY REGULATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990.
Expenses $251,393
As filed on the 2022 return.
Listed in Part VII
-
Johnny BryantJOHNNY BRYANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
S Burden
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
C Billups
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
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
- 29 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202331359349305933
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