Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $81,315

• 2a · Program service revenue: TENANT RENT

  total $59,909 · related or exempt $59,909

• 3 · Investment income

  total $567 · excluded $567

• 11a · Other revenue: LAUNDRY AND VENDING

  total $441 · related or exempt $441

• 11b · Other revenue: OTHER TENANT CHARGES

  total $203 · related or exempt $203

• 11e · Other revenue, total

  $644

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $20,534 · program services $20,534

• 9 · Other employee benefits

  total $939 · program services $939

• 10 · Payroll taxes

  total $1,624 · management and general $1,624

• 11a · Fees: management

  total $12,958 · management and general $12,958

• 11c · Fees: accounting

  total $11,897 · program services $1,897 · management and general $10,000

• 11g · Fees: other

  total $700 · management and general $700

• 13 · Office expenses

  total $5,610 · management and general $5,610

• 16 · Occupancy

  total $36,036 · program services $36,036

• 22 · Depreciation, depletion and amortization

  total $46,271 · program services $46,271

• 23 · Insurance

  total $17,675 · program services $17,675

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $12,493 · program services $12,493

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,293 · end of year $31,279

• 2 · Savings and temporary cash investments

  beginning of year $85,940 · end of year $97,452

• 4 · Accounts receivable

  beginning of year $250 · end of year $1,174

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

  $1,409,857

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

  $893,880

• 10c · Land, buildings and equipment, net

  beginning of year $562,248 · end of year $515,977

• 17 · Accounts payable and accrued expenses

  beginning of year $6,268 · end of year $4,011

• 19 · Deferred revenue

  beginning of year $623 · end of year $551

• 23 · Secured mortgages and notes payable

  beginning of year $1,082,500 · end of year $1,082,500

• 25 · Other liabilities

  beginning of year $50,781 · end of year $66,563

• 27 · Net assets without donor restrictions

  beginning of year -$483,441 · end of year -$507,743

The filer's explanations (Part III)

PART 1, LINE 3

FOR THE PURPOSES OF DETERMINING COMPENSATION, THE FILING ORGANIZATION, ALEXANDER APARTMENTS OF PLANT CITY, INC., RELIED ON RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF EXECUTIVES, OFFICERS, AND KEY EMPLOYEES. THE RELATED ORGANIZATION, MENTAL HEALTH CARE, INC., USED THE FOLLOWING PRACTICES FOR ESTABLISHING COMPENSATION FOR SUCH INDIVIDUALS: WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.