Totals
- Total revenue
- $1,692,599
- Total expenses
- $1,813,929
- Contributions and grants received
- $82,500
- Grants paid
- $0
- Program service revenue
- $1,603,857
- Investment income
- $0
- Other revenue
- $6,242
- Total assets, end of year
- $12,527,886
- Total liabilities, end of year
- $12,683,788
- Net assets or fund balances, end of year
- -$155,902
- Program services expenses (Part IX)
- $1,165,323
- Management and general expenses
- $648,606
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,165,323
Program services were 64.2% 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.
-
1f · All other contributions, gifts and grants
$82,500
-
2a · Program service revenue: RENT REVENUE
total $1,549,028 · related or exempt $1,549,028
-
2b · Program service revenue: OTHER TENANT CHARGES
total $54,829 · related or exempt $54,829
-
11a · Other revenue: MISCELLANEOUS INCOME
total $6,242 · related or exempt $6,242
-
11e · Other revenue, total
$6,242
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $184,994 · program services $48,102 · management and general $136,892
-
8 · Pension plan contributions
total $915 · management and general $915
-
9 · Other employee benefits
total $13,557 · program services $13,557
-
10 · Payroll taxes
total $15,155 · program services $15,155
-
11a · Fees: management
total $64,659 · management and general $64,659
-
11c · Fees: accounting
total $11,600 · management and general $11,600
-
11g · Fees: other
total $292,068 · program services $292,068
-
12 · Advertising and promotion
total $5,883 · management and general $5,883
-
13 · Office expenses
total $29,128 · program services $18,198 · management and general $10,930
-
16 · Occupancy
total $136,428 · program services $136,428
-
20 · Interest
total $387,200 · management and general $387,200
-
22 · Depreciation, depletion and amortization
total $436,772 · program services $436,772
-
23 · Insurance
total $131,942 · program services $131,942
-
24a · Other expenses: MISCELLANEOUS OPERATING
total $73,101 · program services $73,101
-
24b · Other expenses: ELDERLY CARE
total $30,527 · management and general $30,527
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $251,973 · end of year $124,460
-
4 · Accounts receivable
beginning of year $37,083 · end of year $48,490
-
9 · Prepaid expenses and deferred charges
beginning of year $11,926 · end of year $48,885
-
10a · Land, buildings and equipment: cost or other basis
$15,361,489
-
10b · Land, buildings and equipment: accumulated depreciation
$3,622,905
-
10c · Land, buildings and equipment, net
beginning of year $12,163,618 · end of year $11,738,584
-
15 · Other assets
beginning of year $521,828 · end of year $567,467
-
17 · Accounts payable and accrued expenses
beginning of year $290,333 · end of year $81,871
-
19 · Deferred revenue
end of year $32,151
-
23 · Secured mortgages and notes payable
beginning of year $12,314,359 · end of year $12,258,015
-
25 · Other liabilities
beginning of year $416,308 · end of year $311,751
-
27 · Net assets without donor restrictions
beginning of year -$34,572 · end of year -$155,902
Mission and programs · 2025
Mission
DEVELOP AND OPERATE A MIXED INCOME SENIOR LIVING COMMUNITY
-
OPERATING SENIOR HOUSING AND SERVICES WHERE SENIORS ARE ABLE TO ACHIEVE THE BEST POSSIBILITIES AND PURPOSES IN LIFE, AND HAVE RELIEF FROM THE STRESS OF OLD AGE.
Expenses $1,165,323 · Revenue $1,610,099
As filed on the 2025 return.
Listed in Part VII
-
RON SPEARS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
REV CHRISTIAN ADAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
VIOLET PONDERS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ISAIAH LAPSLEY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
ARTELIA J GRIGGS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
JAMES FARMER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
BETTY DAVIS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
PAUL HUBBARD
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ROGER L MYERS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
LARRY MATHEWS
CHAIR/TREASURER
- Total calculated
- $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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SENIOR HOUSING · MI
Provenance
- Return type
- form_990
- Tax year
- 2025
- IRS schema version
- 2025v4.2
- Source object
- 202632389349301003
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