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Nonprofiteer
← AREA AGENCY PROPERTIES INC

Form 990 for tax year 2023

Filed by AREA AGENCY PROPERTIES INC.

Totals

Total revenue
$531,727
Total expenses
$535,685
Contributions and grants received
$12,499
Grants paid
$0
Program service revenue
$519,228
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,329,861
Total liabilities, end of year
$64,776
Net assets or fund balances, end of year
$2,265,085
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $12,499

  • 2a · Program service revenue: Program Rental Revenue

    total $519,228 · related or exempt $519,228

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,330

  • 13 · Office expenses

    total $117

  • 16 · Occupancy

    total $29,080

  • 22 · Depreciation, depletion and amortization

    total $189,094

  • 23 · Insurance

    total $33,205

  • 24a · Other expenses: Repairs and Maintenance

    total $276,859

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $79,633 · end of year $134,049

  • 4 · Accounts receivable

    beginning of year $66,916 · end of year $23,074

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

    $4,917,263

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

    $2,744,525

  • 10c · Land, buildings and equipment, net

    beginning of year $2,230,607 · end of year $2,172,738

  • 17 · Accounts payable and accrued expenses

    beginning of year $113,809 · end of year $54,261

  • 19 · Deferred revenue

    beginning of year $0 · end of year $5,515

  • 23 · Secured mortgages and notes payable

    beginning of year $9,304 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,000 · end of year $5,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,249,043 · end of year $2,265,085

Mission and programs · 2023

Mission

Provide residences for consumers with developmental disabilities.

  • Residence for the developmentally impaired.

As filed on the 2023 return.

Listed in Part VII

  • Peggy Gilmour

    President

    Total calculated
    $0
    Hours/week
    0.1 + 1.5 related

  • Lisa Scheib

    Vice President

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • Edgar Carter

    Treasurer

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • Jim Moran

    Secretary

    Total calculated
    $0
    Hours/week
    0.1 + 0.5 related

  • Sandra Pelletier

    CEO/Director

    Total calculated
    $300,276
    From this org
    $0
    From related orgs
    $240,396
    Other
    $59,880
    Hours/week
    0.3 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,375 related
    Bonus
    $0 + $8,735 related
    Other
    $0 + $14,286 related
    Deferred
    $0 + $29,002 related
    Nontaxable benefits
    $0 + $30,878 related
    Filer's total
    $0 + $300,276 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

The filer's explanations (Part III)

Form 990, Schedule J, Part III:
Sandy Pelletier, Board Director of Area Agency Properties, Inc., is compensated by Gateways Community Services, a related organization, for services rendered in the capacity as the Organization's Chief Executive Officer. Ms. Pelletier receives no compensation from Area Agency Properties, Inc.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
20 March 2025
IRS schema version
2023v6.0
Source object
202520869349300202

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