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Nonprofiteer
← UMPHRESS TERRACE

Form 990 for tax year 2022

Filed by UMPHRESS TERRACE.

Totals

Total revenue
$437,352
Total expenses
$680,325
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$435,925
Investment income
$1,427
Other revenue
$0
Total assets, end of year
$3,102,446
Total liabilities, end of year
$209,761
Net assets or fund balances, end of year
$2,892,685
Program services expenses (Part IX)
$658,293
Management and general expenses
$22,032
Fundraising expenses
$0
Program service expenses (Part III)
$658,293

Program services were 96.8% 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: RENTAL INCOME

    total $435,925 · related or exempt $435,925

  • 3 · Investment income

    total $1,427 · excluded $1,427

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $98,332 · program services $98,332

  • 8 · Pension plan contributions

    total $400 · program services $400

  • 9 · Other employee benefits

    total $18,327 · program services $18,327

  • 10 · Payroll taxes

    total $6,953 · program services $6,953

  • 11a · Fees: management

    total $22,032 · management and general $22,032

  • 11c · Fees: accounting

    total $28,858 · program services $28,858

  • 12 · Advertising and promotion

    total $929 · program services $929

  • 13 · Office expenses

    total $10,387 · program services $10,387

  • 14 · Information technology

    total $4,614 · program services $4,614

  • 16 · Occupancy

    total $50,801 · program services $50,801

  • 22 · Depreciation, depletion and amortization

    total $192,360 · program services $192,360

  • 23 · Insurance

    total $27,040 · program services $27,040

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $211,946 · program services $211,946

  • 24b · Other expenses: OTHER EXPENSES

    total $5,968 · program services $5,968

  • 24c · Other expenses: SEMINARS & TRAINING

    total $1,378 · program services $1,378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,063 · end of year $7,572

  • 2 · Savings and temporary cash investments

    beginning of year $223,720 · end of year $175,673

  • 4 · Accounts receivable

    beginning of year $1,274

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,588 · end of year $11,984

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

    $5,401,302

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

    $2,505,794

  • 10c · Land, buildings and equipment, net

    beginning of year $3,307,864 · end of year $2,895,508

  • 15 · Other assets

    beginning of year $15,209 · end of year $11,709

  • 17 · Accounts payable and accrued expenses

    beginning of year $426,905 · end of year $8,654

  • 25 · Other liabilities

    beginning of year $15,155 · end of year $201,107

  • 27 · Net assets without donor restrictions

    beginning of year $3,135,658 · end of year $2,892,685

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME SENIORS.

  • TO PROVIDE AFFORDABLE HOUSING TO SENIORS AGED 62 AND OLDER WITH LIMITED INCOME IN A GATED 53 UNIT RESIDENTIAL LIVING COMMUNITY.

    Expenses $658,293 · Revenue $435,925

As filed on the 2022 return.

Listed in Part VII

  • Erma Saracho

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Kent Shields

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Rev Rick Hawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Korrine Hearn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tamika Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Richard Stanford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stacy Hitt

    VICE PRESIDENT

    Total calculated
    $155,904
    From this org
    $0
    From related orgs
    $155,904
    Other
    $0
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,904 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $155,904 related

  • Russel Crews

    PRESIDENT/CEO

    Total calculated
    $344,422
    From this org
    $0
    From related orgs
    $344,422
    Other
    $0
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $344,422 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $344,422 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2022
Filed
13 February 2024
IRS schema version
2022v5.0
Source object
202430449349302223

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