Form 990 for tax year 2022

Filed by ASPEN PARK INC.

Totals

Total revenue: $684,551
Total expenses: $519,506
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $681,825
Investment income: $226
Other revenue: $2,500
Total assets, end of year: $1,809,236
Total liabilities, end of year: $809,923
Net assets or fund balances, end of year: $999,313
Program services expenses (Part IX): $519,506
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $519,506

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: HOUSING REVENUE

total $681,825 · related or exempt $681,825
3 · Investment income

total $226 · excluded $226
11d · All other revenue

total $2,500 · excluded $2,500
11e · Other revenue, total

$2,500

Functional expenses

Part IX, the statement of functional expenses.

11a · Fees: management

total $153,382 · program services $153,382
11b · Fees: legal

total $3,684 · program services $3,684
11c · Fees: accounting

total $3,201 · program services $3,201
11g · Fees: other

total $2,161 · program services $2,161
12 · Advertising and promotion

total $530 · program services $530
13 · Office expenses

total $22,251 · program services $22,251
14 · Information technology

total $7,057 · program services $7,057
16 · Occupancy

total $45,592 · program services $45,592
19 · Conferences, conventions and meetings

total $1,616 · program services $1,616
20 · Interest

total $35,617 · program services $35,617
22 · Depreciation, depletion and amortization

total $81,618 · program services $81,618
23 · Insurance

total $44,588 · program services $44,588
24a · Other expenses: MAINTENANCE & REPAIR

total $85,487 · program services $85,487
24b · Other expenses: BAD DEBT

total $30,644 · program services $30,644
24c · Other expenses: MEMBERSHIP & REGISTRATI

total $1,735 · program services $1,735
24e · All other expenses

total $343 · program services $343

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $251,320 · end of year $227,590
4 · Accounts receivable

beginning of year $4,864 · end of year $3,169
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $1,060
10a · Land, buildings and equipment: cost or other basis

$2,563,912
10b · Land, buildings and equipment: accumulated depreciation

$1,086,729
10c · Land, buildings and equipment, net

beginning of year $1,558,801 · end of year $1,477,183
15 · Other assets

beginning of year $88,992 · end of year $100,234
17 · Accounts payable and accrued expenses

beginning of year $47,319 · end of year $42,177
19 · Deferred revenue

beginning of year $12,780 · end of year $9,883
23 · Secured mortgages and notes payable

beginning of year $700,513 · end of year $598,466
25 · Other liabilities

beginning of year $309,097 · end of year $159,397
27 · Net assets without donor restrictions

beginning of year $834,268 · end of year $999,313

Mission and programs · 2022

Mission

ASPEN PARK, INC. ASSISTS INDIVIDUALS AND FAMILIES IN THE IDAHO FALLS, IDAHO AREA UTILIZE LOW INCOME HOUSING.

Activities or mission (Part I)

TO PLAN, CONSTRUCT, DEVELOP & MANAGE AFFORDABLE HOUSING FOR THE PUBLIC.

ASPEN PARK, INC. OPERATES A 72-UNIT APARTMENT PROJECT THAT PROVIDES MULTIFAMILY HOUSING FOR LOW-INCOME FAMILIES IN IDAHO FALLS, IDAHO.

Expenses $519,506 · Revenue $681,825

As filed on the 2022 return.

Listed in Part VII

Devon JacksonDEVON JACKSON

PRESIDENT

Total calculated

$0

Hours/week

1 + 3 related
Carla BruingtonCARLA BRUINGTON

VICE PRESIDENT

Total calculated

$0

Hours/week

1 + 3 related
Mimi TaylorMIMI TAYLOR

SECRETARY (THRU 12/2022)

Total calculated

$0

Hours/week

1 + 3 related
Sarah RynerSARAH RYNER

SECRETARY

Total calculated

$0

Hours/week

1 + 3 related
Jake WorkmanJAKE WORKMAN

PAST PRESIDENT

Total calculated

$0

Hours/week

1 + 3 related
Wil EmpeyWIL EMPEY

DIRECTOR (THRU 12/2022)

Total calculated

$0

Hours/week

1 + 3 related
Kathy HarrisKATHY HARRIS

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
Ariel JacksonARIEL JACKSON

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
Sam JacksonSAM JACKSON

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
David LentDAVID LENT

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
Jerry MerrillJERRY MERRILL

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
Doug SmithDOUG SMITH

DIRECTOR (THRU 12/2022)

Total calculated

$0

Hours/week

1 + 3 related
Tony SalcidoTONY SALCIDO

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
Mike WhitfieldMIKE WHITFIELD

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
Jay DomanJAY DOMAN

CHIEF EXEC OFFICER (THRU 11/2022)

Total calculated

$168,614

From this org

$0

From related orgs

$133,741

Other

$34,873

Hours/week

3 + 40 related

Schedule J breakdown matched by us

Base

$0 + $95,276 related

Bonus

$0 + $28,448 related

Other

$0 + $10,017 related

Deferred

$0 + $4,301 related

Nontaxable benefits

$0 + $30,572 related

Filer's total

$0 + $168,614 related
John RadfordJOHN RADFORD

CHIEF EXECUTIVE OFFICER

Total calculated

$0

Hours/week

3 + 40 related
Susan EspinozaSUSAN ESPINOZA

CHIEF FINANCIAL OFFICER

Total calculated

$136,338

From this org

$0

From related orgs

$99,755

Other

$36,583

Hours/week

3 + 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. 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

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
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

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.

TWIN PINES APARTMENTS INC

501(C)(3) · AFFORDABLE HOUSING · ID

Directly controlled by EASTERN IDAHO COMMUNITY ACTION PARTNERSHIP INC
EASTERN IDAHO COMMUNITY ACTION PARTNERSHIP INC

501(C)(3) · HELP & EMPOWER AT RISK INDIVIDUALS & FAMILILIES MEET BASIC NEEDS · ID
LINCOLN ROAD LLC

501(C)(2) · HOLD TITLE TO ADMINISTRATION BUILDING · ID

Directly controlled by EASTERN IDAHO COMMUNITY ACTION PARTNERSHIP INC

Provenance

Return type: form_990
Tax year: 2022
Filed: 28 August 2024
IRS schema version: 2022v5.0
Source object: 202432559349300113

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