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Nonprofiteer
← RDOOR HOUSING CORPORATION

Form 990 for tax year 2022

Filed by RDOOR HOUSING CORPORATION.

Totals

Total revenue
$587,909
Total expenses
$630,922
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$578,582
Investment income
$9,327
Other revenue
$0
Total assets, end of year
$2,086,380
Total liabilities, end of year
$1,950,722
Net assets or fund balances, end of year
$135,658
Program services expenses (Part IX)
$630,922
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$630,922

Program services were 100.0% 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.

  • 2a · Program service revenue: TENANT RENTS

    total $399,685 · related or exempt $399,685

  • 2b · Program service revenue: SECTION 8 HAP PAYMENTS

    total $170,194 · related or exempt $170,194

  • 2c · Program service revenue: TENANT CHARGES

    total $4,839 · related or exempt $4,839

  • 2d · Program service revenue: LAUNDRY AND VENDING

    total $3,035 · related or exempt $3,035

  • 2e · Program service revenue: OTHER REVENUE

    total $829 · related or exempt $829

  • 3 · Investment income

    total $9,327 · excluded $9,327

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $111,065 · program services $111,065

  • 9 · Other employee benefits

    total $4,901 · program services $4,901

  • 10 · Payroll taxes

    total $8,524 · program services $8,524

  • 11a · Fees: management

    total $29,358 · program services $29,358

  • 11b · Fees: legal

    total $1,402 · program services $1,402

  • 11c · Fees: accounting

    total $23,176 · program services $23,176

  • 13 · Office expenses

    total $35,904 · program services $35,904

  • 20 · Interest

    total $80,517 · program services $80,517

  • 22 · Depreciation, depletion and amortization

    total $71,261 · program services $71,261

  • 23 · Insurance

    total $28,264 · program services $28,264

  • 24a · Other expenses: MAINT. SUPPLIES & CONTR

    total $118,343 · program services $118,343

  • 24b · Other expenses: UTILITIES

    total $85,836 · program services $85,836

  • 24c · Other expenses: SERVICE COORDINATOR

    total $2,534 · program services $2,534

  • 24e · All other expenses

    total $29,837 · program services $29,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,739 · end of year $14,765

  • 2 · Savings and temporary cash investments

    beginning of year $10,583 · end of year $13,229

  • 4 · Accounts receivable

    beginning of year $4,364 · end of year $3,414

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,917 · end of year $16,557

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

    $2,218,596

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

    $1,049,016

  • 10c · Land, buildings and equipment, net

    beginning of year $1,213,906 · end of year $1,169,580

  • 14 · Intangible assets

    beginning of year $64,231 · end of year $60,659

  • 15 · Other assets

    beginning of year $746,894 · end of year $808,176

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,881 · end of year $154,508

  • 19 · Deferred revenue

    beginning of year $1,831 · end of year $1,237

  • 22 · Loans and payables to officers and key people

    beginning of year $1,782,751 · end of year $1,781,524

  • 25 · Other liabilities

    beginning of year $10,500 · end of year $13,453

  • 27 · Net assets without donor restrictions

    beginning of year $178,671 · end of year $135,658

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY.

Activities or mission (Part I)

TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY AND DISABLED. TENANTS PAY A PORTION OF THE RENT BASED ON ABILITY TO PAY AS DETERMINED BY HUD. RENTS ARE SUBSIDIZED BY HUD.

  • PROVIDED LOW INCOME HOUSING TO THE ELDERLY TENANTS. TENANT RENTS WERE APPPROVED AND SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $630,922 · Revenue $578,582

As filed on the 2022 return.

Listed in Part VII

  • MICHAEL PETRIE

    PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • BRUCE R BAIRD

    VICE-PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    0

  • THOMAS MARENDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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
2022
Filed
23 October 2023
IRS schema version
2022v5.0
Source object
202313049349300726

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