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Nonprofiteer
← RENAISSANCE GARDENS INC

Form 990 for tax year 2023

Filed by RENAISSANCE GARDENS INC.

Totals

Total revenue
$611,388
Total expenses
$806,084
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$601,222
Investment income
$8,861
Other revenue
$1,305
Total assets, end of year
$6,841,399
Total liabilities, end of year
$717,797
Net assets or fund balances, end of year
$6,123,602
Program services expenses (Part IX)
$774,249
Management and general expenses
$31,835
Fundraising expenses
$0
Program service expenses (Part III)
$774,249

Program services were 96.1% 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: APARTMENT RENTAL

    total $583,775 · related or exempt $583,775

  • 2b · Program service revenue: TENANT CHARGES

    total $13,165 · related or exempt $13,165

  • 2c · Program service revenue: LAUNDRY AND VENDING

    total $4,282 · related or exempt $4,282

  • 3 · Investment income

    total $8,861 · excluded $8,861

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,305 · related or exempt $1,305

  • 11e · Other revenue, total

    $1,305

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $21,380 · management and general $21,380

  • 11b · Fees: legal

    total $6,902 · program services $6,902

  • 11c · Fees: accounting

    total $10,455 · management and general $10,455

  • 12 · Advertising and promotion

    total $420 · program services $420

  • 13 · Office expenses

    total $35,244 · program services $35,244

  • 16 · Occupancy

    total $148,570 · program services $148,570

  • 22 · Depreciation, depletion and amortization

    total $226,132 · program services $226,132

  • 23 · Insurance

    total $28,714 · program services $28,714

  • 24a · Other expenses: OTHER EXPENSES

    total $122,353 · program services $122,353

  • 24b · Other expenses: CONTRACT LABOUR

    total $113,632 · program services $113,632

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $87,743 · program services $87,743

  • 24d · Other expenses: MISC. TAXES, LICENSES,

    total $3,994 · program services $3,994

  • 24e · All other expenses

    total $545 · program services $545

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,665 · end of year $71,839

  • 4 · Accounts receivable

    beginning of year $11,075 · end of year $24,195

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,736 · end of year $18,177

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

    $8,955,978

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

    $2,478,687

  • 10c · Land, buildings and equipment, net

    beginning of year $6,703,423 · end of year $6,477,291

  • 15 · Other assets

    beginning of year $261,743 · end of year $249,897

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,786 · end of year $138,484

  • 19 · Deferred revenue

    beginning of year $2,594 · end of year $8,101

  • 23 · Secured mortgages and notes payable

    beginning of year $550,000 · end of year $550,000

  • 25 · Other liabilities

    beginning of year $88,964 · end of year $21,212

  • 27 · Net assets without donor restrictions

    beginning of year $301,856 · end of year $306,576

  • 28 · Net assets with donor restrictions

    beginning of year $6,016,442 · end of year $5,817,026

Mission and programs · 2023

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

SEE ATTACHED STATEMENT ON SCHEDULE O

  • RENAISSANCE GARDENS OPERATES A 60-UNIT ELDERLY HOUSING PROJECT LOCATED IN BALTIMORE, MARYLAND. THE ORGANIZATION PROVIDES RENTAL OF SUBSIDIZED AND BELOW MARKET HOUSING TO LOW-INCOME, ELDERLY, AND DISABLED INDIVIDUALS. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE CAPITAL ADVANCE PROGRAM OF THE NATIONAL HOUSING ACT AND REGULATIONS DEFINED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

    Expenses $774,249 · Revenue $591,544

As filed on the 2023 return.

Listed in Part VII

  • DEDRA LAYNE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • ELLEN PARKER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • KEVIN SEAWRIGHT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • LISA BUDLOW

    VICE PRESIDENT

    Total calculated
    $234,236
    From this org
    $0
    From related orgs
    $225,208
    Other
    $9,028
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,208 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,007 related
    Nontaxable benefits
    $0 + $21 related
    Filer's total
    $0 + $234,236 related

  • MARK PRESSMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • PETER BURSTEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • TIFFANY NICOLETTE

    SECRETARY

    Total calculated
    $176,931
    From this org
    $0
    From related orgs
    $161,246
    Other
    $15,685
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $161,246 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,591 related
    Nontaxable benefits
    $0 + $9,094 related
    Filer's total
    $0 + $176,931 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
2023
Filed
3 February 2025
IRS schema version
2023v6.0
Source object
202530519349300503

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