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Nonprofiteer
← HOME LIVING OPPORTUNITIES INC

Form 990 for tax year 2023

Filed by HOME LIVING OPPORTUNITIES INC.

Totals

Total revenue
$126,850
Total expenses
$146,957
Contributions and grants received
$3,086
Grants paid
$0
Program service revenue
$123,764
Investment income
$0
Other revenue
$0
Total assets, end of year
$661,246
Total liabilities, end of year
$319,602
Net assets or fund balances, end of year
$341,644
Program services expenses (Part IX)
$130,747
Management and general expenses
$16,210
Fundraising expenses
$0
Program service expenses (Part III)
$130,747

Program services were 89.0% 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.

  • 1f · All other contributions, gifts and grants

    $3,086

  • 2a · Program service revenue: RENTAL INCOME

    total $123,764 · related or exempt $123,764

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $11,315 · management and general $11,315

  • 11c · Fees: accounting

    total $3,300 · management and general $3,300

  • 11g · Fees: other

    total $930 · management and general $930

  • 16 · Occupancy

    total $74,797 · program services $74,797

  • 20 · Interest

    total $2,132 · program services $2,132

  • 22 · Depreciation, depletion and amortization

    total $36,921 · program services $36,921

  • 23 · Insurance

    total $10,897 · program services $10,897

  • 24a · Other expenses: MISCELLANEOUS

    total $6,665 · program services $6,000 · management and general $665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,115 · end of year $69,741

  • 4 · Accounts receivable

    end of year $599

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,268 · end of year $1,303

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

    $1,402,928

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

    $813,325

  • 10c · Land, buildings and equipment, net

    beginning of year $626,525 · end of year $589,603

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,245 · end of year $7,301

  • 23 · Secured mortgages and notes payable

    beginning of year $331,912 · end of year $312,301

  • 27 · Net assets without donor restrictions

    beginning of year $361,751 · end of year $341,644

Mission and programs · 2023

Mission

TO PROVIDE HOUSING NEEDS FOR PROGRAMS SUPPORTING COMMUNITY INTEGRATION AND INDEPENDENT LIVING FOR HANDICAPPED INDIVIDUALS.

  • TO PROVIDE HOUSING FOR PROGRAMS SUPPORTING COMMUNITY INTEGRATION AND INDEPENDENT LIVING FOR HANDICAPPED INDIVIDUALS IN BURKE, MCDOWELL AND CLEVELAND COUNTIES.

    Expenses $130,747 · Revenue $123,764

As filed on the 2023 return.

Listed in Part VII

  • David Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Patricia Ward

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

  • Sherry Long

    CO-VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dawn Kelley

    SECRETARY/TREASURER

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
31 July 2025
IRS schema version
2023v6.0
Source object
202502129349301900

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