Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: HUD project subsidies

  total $279,167 · related or exempt $279,167

• 2b · Program service revenue: HUD tenant rents

  total $117,198 · related or exempt $117,198

• 2c · Program service revenue: Laundry/vending fees

  total $876 · related or exempt $876

• 3 · Investment income

  total $237 · excluded $237

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $60,093 · program services $60,093

• 8 · Pension plan contributions

  total $9,147 · program services $9,147

• 9 · Other employee benefits

  total $4,509 · program services $4,509

• 11a · Fees: management

  total $21,792 · management and general $21,792

• 11c · Fees: accounting

  total $16,921 · management and general $16,921

• 13 · Office expenses

  total $14,223 · program services $10,106 · management and general $4,117

• 16 · Occupancy

  total $42,940 · program services $42,940

• 20 · Interest

  total $54,251 · program services $54,251

• 22 · Depreciation, depletion and amortization

  total $44,650 · program services $44,650

• 23 · Insurance

  total $1,889 · program services $1,889

• 24a · Other expenses: Repairs & maintenance

  total $74,156 · program services $74,156

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,749 · end of year $1,675

• 4 · Accounts receivable

  end of year $153

• 9 · Prepaid expenses and deferred charges

  beginning of year $385 · end of year $417

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

  $1,690,554

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

  $1,051,443

• 10c · Land, buildings and equipment, net

  beginning of year $668,827 · end of year $639,111

• 15 · Other assets

  beginning of year $73,880 · end of year $77,251

• 17 · Accounts payable and accrued expenses

  beginning of year $16,970 · end of year $18,047

• 23 · Secured mortgages and notes payable

  beginning of year $639,492 · end of year $570,787

• 25 · Other liabilities

  beginning of year $123,892 · end of year $111,379

• 27 · Net assets without donor restrictions

  beginning of year -$34,513 · end of year $18,394

The filer's explanations (Part III)

Part I, Line 3 - Compensation by a Related Organization

Officer compensation is reviewed annually by the executive committee of the Lighthouse for the Blind of Houston.