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Nonprofiteer
← BELMONT PLACE SENIOR HOUING INC

Form 990 for tax year 2023

Filed by BELMONT PLACE SENIOR HOUING INC.

Totals

Total revenue
$95,131
Total expenses
$139,186
Contributions and grants received
$21,859
Grants paid
$0
Program service revenue
$72,271
Investment income
$1,001
Other revenue
$0
Total assets, end of year
$756,422
Total liabilities, end of year
$1,317,232
Net assets or fund balances, end of year
-$560,810
Program services expenses (Part IX)
$122,229
Management and general expenses
$16,957
Fundraising expenses
$0
Program service expenses (Part III)
$122,229

Program services were 87.8% 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.

  • 1e · Government grants (contributions)

    $21,859

  • 2a · Program service revenue: Dwelling Rent

    total $70,643 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Other

    total $1,628 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,001 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $13,342 · program services $13,342 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $3,226 · program services $3,226 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $2,301 · program services $2,301 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $11,273 · program services $0 · management and general $11,273 · fundraising $0

  • 11c · Fees: accounting

    total $5,684 · program services $0 · management and general $5,684 · fundraising $0

  • 12 · Advertising and promotion

    total $3,432 · program services $3,432 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $382 · program services $382 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $38,847 · program services $38,847 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $26,725 · program services $26,725 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $33,648 · program services $33,648 · management and general $0 · fundraising $0

  • 24a · Other expenses: Renting expense

    total $119 · program services $119 · management and general $0 · fundraising $0

  • 24b · Other expenses: Misc.

    total $207 · program services $207 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6

  • 2 · Savings and temporary cash investments

    beginning of year $108,955 · end of year $114,372

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,879 · end of year $8,420

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

    $1,135,757

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

    $502,127

  • 10c · Land, buildings and equipment, net

    beginning of year $660,355 · end of year $633,630

  • 17 · Accounts payable and accrued expenses

    beginning of year $152,950 · end of year $176,232

  • 23 · Secured mortgages and notes payable

    beginning of year $1,141,000 · end of year $1,141,000

  • 27 · Net assets without donor restrictions

    beginning of year -$516,755 · end of year -$560,810

Mission and programs · 2023

Mission

To own and operate a HUD Section 202 multi-family apartment complex located in Hugo, Oklahoma

  • To own and operate a HUD Section 202 multi-family apartment complex located in Hugo, Oklahoma

    Expenses $122,229 · Revenue $95,131

As filed on the 2023 return.

Listed in Part VII

  • Kevin Cory

    President

    Total calculated
    $0
    Hours/week
    1

  • Ronny Beasley

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Terry Boylan

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Carla Langley

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Macy Self

    Board Member

    Total calculated
    $83,807
    From this org
    $0
    From related orgs
    $83,807
    Other
    $0
    Hours/week
    1

  • Gina Self

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Brandon McDaniel

    Board Member

    Total calculated
    $45,388
    From this org
    $0
    From related orgs
    $45,388
    Other
    $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
15 May 2024
IRS schema version
2023v5.0
Source object
202401369349316390

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