Totals
- Total revenue
- $63,974
- Total expenses
- $98,755
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $60,182
- Investment income
- $3,792
- Other revenue
- $0
- Total assets, end of year
- $1,362,295
- Total liabilities, end of year
- $1,507,642
- Net assets or fund balances, end of year
- -$145,347
- Program services expenses (Part IX)
- $72,895
- Management and general expenses
- $25,860
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $72,895
Program services were 73.8% 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.
-
2a · Program service revenue: RENTAL INCOME
total $60,182 · related or exempt $60,182
-
3 · Investment income
total $3,792 · excluded $3,792
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $4,356 · management and general $4,356
-
11a · Fees: management
total $5,808 · management and general $5,808
-
11c · Fees: accounting
total $14,682 · management and general $14,682
-
11g · Fees: other
total $9,715 · program services $9,715
-
16 · Occupancy
total $6,982 · program services $6,982
-
22 · Depreciation, depletion and amortization
total $21,878 · program services $21,878
-
23 · Insurance
total $3,341 · program services $3,341
-
24a · Other expenses: OTHER OPERATING EXPENSE
total $29,610 · program services $29,610
-
24b · Other expenses: MISCELLANEOUS TAXES, LI
total $1,369 · program services $1,369
-
24c · Other expenses: OTHER ADMIN. EXPENSES
total $631 · management and general $631
-
24d · Other expenses: EXCESS RESIDUAL RECEIPT
total $383 · management and general $383
Balance sheet
Part X, book values.
-
10a · Land, buildings and equipment: cost or other basis
$1,379,219
-
10b · Land, buildings and equipment: accumulated depreciation
$213,315
-
10c · Land, buildings and equipment, net
beginning of year $1,187,782 · end of year $1,165,904
-
15 · Other assets
beginning of year $195,233 · end of year $196,391
-
21 · Escrow or custodial account liability
beginning of year $500 · end of year $500
-
23 · Secured mortgages and notes payable
beginning of year $1,452,206 · end of year $1,452,206
-
25 · Other liabilities
beginning of year $40,875 · end of year $54,936
-
27 · Net assets without donor restrictions
beginning of year -$118,241 · end of year -$153,022
-
28 · Net assets with donor restrictions
beginning of year $7,675 · end of year $7,675
Mission and programs · 2022
Mission
TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED IN ACCORDANCE WITH SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT.
-
PROVIDING AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED IN ACCORDANCE WITH TAX EXEMPT PURPOSE.
Expenses $72,895 · Revenue $60,182
As filed on the 2022 return.
Listed in Part VII
-
JIGNESH DALAL
PRESIDENT
- Total calculated
- $252,357
- From this org
- $0
- From related orgs
- $232,617
- Other
- $19,740
- Hours/week
- 0.5 + 46.5 related
Schedule J breakdown matched by us
- Base
- $0 + $220,289 related
- Bonus
- $0 + $1,210 related
- Other
- $0 + $11,118 related
- Deferred
- $0 + $19,740 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $252,357 related
-
STEPHEN FREIMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5 + 7.5 related
-
LORENA MEMBERG
SECRETARY
- Total calculated
- $129,569
- From this org
- $0
- From related orgs
- $111,112
- Other
- $18,457
- Hours/week
- 0.5 + 46.5 related
-
DAVID KLEIN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 7.5 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE ORGANIZATION'S PRESIDENT IS COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE AND FORM 990 OF OTHER ORGANIZATIONS.
- PART I, LINE 4B
- THE ORGANIZATION'S PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FROM A RELATED ORGANIZATION. THIS AMOUNT IS REFLECTED ON PART II, COLUMN (C).
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
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.
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
-
501(C)(3) · TO PROVIDE AFFORDABLE HOUSING TO THE CHRONICALLY MENTALLY DISABLED · MD
Directly controlled by VESTA INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440449349301104
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