Skip to content
Nonprofiteer
← ARP PLACE - GASTONIA IN

Form 990 for tax year 2023

Filed by ARP PLACE - GASTONIA IN.

Totals

Total revenue
$95,406
Total expenses
$116,716
Contributions and grants received
$59,184
Grants paid
$0
Program service revenue
$36,218
Investment income
$4
Other revenue
$0
Total assets, end of year
$839,798
Total liabilities, end of year
$224,712
Net assets or fund balances, end of year
$615,086
Program services expenses (Part IX)
$110,098
Management and general expenses
$6,618
Fundraising expenses
$0
Program service expenses (Part III)
$110,098

Program services were 94.3% 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)

    $59,184

  • 2a · Program service revenue: TENANT RENTAL PAYMENTS

    total $36,092 · related or exempt $36,092

  • 2b · Program service revenue: TENANT CHARGES

    total $126 · related or exempt $126

  • 3 · Investment income

    total $4 · excluded $4

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $14,406 · program services $14,406

  • 11b · Fees: legal

    total $130 · program services $130

  • 11c · Fees: accounting

    total $5,250 · management and general $5,250

  • 13 · Office expenses

    total $4,424 · program services $4,424

  • 16 · Occupancy

    total $11,734 · program services $11,734

  • 22 · Depreciation, depletion and amortization

    total $33,322 · program services $33,322

  • 23 · Insurance

    total $8,380 · program services $8,380

  • 24a · Other expenses: CONTRACTS

    total $13,433 · program services $13,433

  • 24b · Other expenses: GARBAGE AND TRASH REMOV

    total $5,449 · program services $5,449

  • 24c · Other expenses: MANAGER SALARY REIMBURS

    total $5,135 · program services $5,135

  • 24d · Other expenses: SUPPLIES

    total $5,110 · program services $5,110

  • 24e · All other expenses

    total $9,943 · program services $8,575 · management and general $1,368

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,057 · end of year $10,265

  • 2 · Savings and temporary cash investments

    beginning of year $38,915 · end of year $30,647

  • 4 · Accounts receivable

    beginning of year $948 · end of year $2,689

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,855 · end of year $3,499

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

    $1,404,093

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

    $615,130

  • 10c · Land, buildings and equipment, net

    beginning of year $809,127 · end of year $788,963

  • 15 · Other assets

    beginning of year $4,143 · end of year $3,735

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,529 · end of year $6,889

  • 19 · Deferred revenue

    beginning of year $92 · end of year $203

  • 23 · Secured mortgages and notes payable

    beginning of year $213,885 · end of year $213,885

  • 25 · Other liabilities

    beginning of year $4,143 · end of year $3,735

  • 27 · Net assets without donor restrictions

    beginning of year $636,396 · end of year $615,086

Mission and programs · 2023

Mission

OPERATE LOW INCOME HOUSING FOR PHYSICALLY HANDICAPPED PERSONS.

Activities or mission (Part I)

PHYSICALLY HANDICAPPED HOUSING SERVICES

  • OPERATING A 12-UNIT APARTMENT COMPLEX FOR PHYSICALLY HANDICAPPED INDIVIDUALS UNDER SECTION 811 OF THE CRANSTON-GONZALES NATIONAL AFFORDABLE HOUSING ACT.

    Expenses $110,098 · Revenue $36,218

As filed on the 2023 return.

Listed in Part VII

  • CRAIG PEATROSS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • MALLORY OATES

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • GARY MERRITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TAMMY VERNON

    TREASURER

    Total calculated
    $120,248
    From this org
    $0
    From related orgs
    $120,248
    Other
    $0
    Hours/week
    0.2 + 40 related

  • JOHN NICHOLS

    ASST. SECRETARY/ASST. VICE PRESIDENT

    Total calculated
    $21,684
    From this org
    $0
    From related orgs
    $21,684
    Other
    $0
    Hours/week
    0.2 + 40 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.

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
19 September 2024
IRS schema version
2023v5.1
Source object
202442749349300314

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.