Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $40,317

• 2a · Program service revenue: RENTAL REVENUE

  total $1,326,198 · related or exempt $1,326,198

• 3 · Investment income

  total $8,316 · excluded $8,316

• 11a · Other revenue: LAUNDRY AND VENDING

  total $10,118 · excluded $10,118

• 11b · Other revenue: BEAUTY SHOP REVENUE

  total $1,488 · excluded $1,488

• 11c · Other revenue: MAINTENANCE REVENUE

  total $642 · excluded $642

• 11d · All other revenue

  total $775 · excluded $775

• 11e · Other revenue, total

  $13,023

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $289,596 · program services $177,070 · management and general $112,526

• 8 · Pension plan contributions

  total $11,816 · program services $7,225 · management and general $4,591

• 9 · Other employee benefits

  total $36,629 · program services $22,561 · management and general $14,068

• 10 · Payroll taxes

  total $20,796 · program services $12,726 · management and general $8,070

• 11a · Fees: management

  total $71,412 · management and general $71,412

• 11c · Fees: accounting

  total $20,621 · management and general $20,621

• 11d · Fees: lobbying

  total $16 · management and general $16

• 11g · Fees: other

  total $114,650 · program services $103,852 · management and general $10,798

• 12 · Advertising and promotion

  total $1,241 · management and general $1,241

• 13 · Office expenses

  total $20,568 · program services $14,855 · management and general $5,713

• 14 · Information technology

  total $8,152 · program services $1,852 · management and general $6,300

• 16 · Occupancy

  total $619,670 · program services $619,670

• 17 · Travel

  total $1,503 · program services $1,503

• 22 · Depreciation, depletion and amortization

  total $276,936 · program services $276,936

• 23 · Insurance

  total $29,791 · program services $29,791

• 24a · Other expenses: EMPLOYEE EXPENSES

  total $3,017 · management and general $3,017

• 24b · Other expenses: BAD DEBT EXPENSE

  total $90 · management and general $90

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $10 · management and general $10

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $24,982 · end of year $37,133

• 4 · Accounts receivable

  beginning of year $25,046 · end of year $35,574

• 9 · Prepaid expenses and deferred charges

  beginning of year $69,934 · end of year $41,436

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

  $9,807,441

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

  $4,892,494

• 10c · Land, buildings and equipment, net

  beginning of year $5,024,362 · end of year $4,914,947

• 11 · Investments: publicly traded securities

  beginning of year $1,286,517 · end of year $1,103,250

• 17 · Accounts payable and accrued expenses

  beginning of year $125,402 · end of year $105,636

• 21 · Escrow or custodial account liability

  beginning of year $40,648 · end of year $41,022

• 23 · Secured mortgages and notes payable

  beginning of year $6,358,604 · end of year $6,302,247

• 25 · Other liabilities

  beginning of year $657,973 · end of year $573,881

• 27 · Net assets without donor restrictions

  beginning of year -$751,786 · end of year -$890,446

The filer's explanations (Part III)

PART I, LINE 3

OFFICERS AND KEY EMPLOYEES ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS OR STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.