Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $187 · excluded $187

• 6a · Gross rents

  real property $134,640

• 6b · Less rental expenses

  real property $62,088

• 6c · Rental income or loss

  real property $72,552

• 6d · Net rental income or loss

  total $72,552 · related or exempt $72,552

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $62,870 · excluded $62,870

• 11e · Other revenue, total

  $62,870

Functional expenses

Part IX, the statement of functional expenses.

• 11c · Fees: accounting

  total $2,050 · management and general $2,050

• 13 · Office expenses

  total $2,518 · management and general $2,518

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $19,110 · end of year $56,460

• 2 · Savings and temporary cash investments

  beginning of year $68,053 · end of year $103,229

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,081 · end of year $4,506

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

  $2,330,464

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

  $509,942

• 10c · Land, buildings and equipment, net

  beginning of year $1,450,913 · end of year $1,820,522

• 23 · Secured mortgages and notes payable

  beginning of year $376,839 · end of year $687,358

• 27 · Net assets without donor restrictions

  beginning of year $1,166,318 · end of year $1,297,359

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS SETS THE EXECUTIVE DIRECTOR'S COMPENSATION LEVEL BASED ON HER EXPERIENCE AND REVIEWING COMPARABLE COMPENSATION AT SIMILAR AGENCIES IN TERMS OF SIZE, BUDGET, WORKFORCE AND MISSION. THE BOARD OF DIRECTORS' DISCUSSION AND FINAL DECISION WAS CONTEMPORANEOUSLY SUBSTANTIATED IN THE BOARD MINUTES. ALL OTHER SALARIES ARE SET ON BASE ENTRY WAGE WITH A BONUS FOR YEARS OF APPLICABLE EXPERIENCE. COMPARATIVE DATA IS USED AND LEVELS ARE APPROVED BY THE BOARD OF DIRECTORS. THERE IS NO INDEPENDENT REVIEW.