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Nonprofiteer
← PARK EAST HOUSE INC

Form 990 for tax year 2023

Filed by PARK EAST HOUSE INC.

Totals

Total revenue
$221,995
Total expenses
$203,193
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$221,993
Investment income
$2
Other revenue
$0
Total assets, end of year
$176,970
Total liabilities, end of year
$290,610
Net assets or fund balances, end of year
-$113,640
Program services expenses (Part IX)
$184,597
Management and general expenses
$18,596
Fundraising expenses
$0
Program service expenses (Part III)
$184,597

Program services were 90.8% 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 REVENUE

    total $62,162 · related or exempt $62,162

  • 2b · Program service revenue: HUD HOUSING/RENTAL

    total $159,831 · related or exempt $159,831

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2 · excluded $2

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $14,685 · program services $14,685

  • 11a · Fees: management

    total $4,608 · program services $4,608

  • 11b · Fees: legal

    total $60 · program services $60

  • 11c · Fees: accounting

    total $11,372 · management and general $11,372

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $7,224 · management and general $7,224

  • 16 · Occupancy

    total $49,997 · program services $49,997

  • 20 · Interest

    total $401 · program services $401

  • 22 · Depreciation, depletion and amortization

    total $28,617 · program services $28,617

  • 23 · Insurance

    total $4,474 · program services $4,474

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $50,878 · program services $50,878

  • 24b · Other expenses: BAD DEBT

    total $30,877 · program services $30,877

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,847 · end of year $14,332

  • 2 · Savings and temporary cash investments

    beginning of year $23,530 · end of year $27,520

  • 4 · Accounts receivable

    beginning of year $33,050 · end of year $11,538

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,395 · end of year $0

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

    $1,006,388

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

    $882,808

  • 10c · Land, buildings and equipment, net

    beginning of year $152,196 · end of year $123,580

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,546 · end of year $9,257

  • 19 · Deferred revenue

    beginning of year $4,535 · end of year $756

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $336,379 · end of year $280,597

  • 27 · Net assets without donor restrictions

    beginning of year -$132,442 · end of year -$113,640

Mission and programs · 2023

Mission

ENRICHING LIVES AND MINDS BY FOCUSING ON THE STRENGTHS AND WELL-BEING OF INDIVIDUALS BY DEVELOPING AND OPERATING QUALITY, AFFORDABLE AND SUPPORTIVE HOUSING FOR DENVER RESIDENTS WITH BEHAVIORAL HEALTH NEEDS.

Activities or mission (Part I)

PROVIDE QUALITY, AFFORDABLE HOUSING FOR PEOPLE WITH BEHAVIORAL HEALTH NEEDS.

  • AFFORDABLE HOUSING APARTMENT BUILDING WITH 18 STUDIO UNITS AND 2 TWO BEDROOM UNITS SERVING PEOPLE DISABLED WITH A MENTAL ILLNESS.

    Expenses $184,597 · Revenue $221,993

As filed on the 2023 return.

Listed in Part VII

  • ANGELA OAKLEY

    BOARD TREASURER & CFO OF MHCD

    Total calculated
    $507,197
    From this org
    $0
    From related orgs
    $466,622
    Other
    $40,575
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $330,780 related
    Bonus
    $0 + $135,604 related
    Other
    $0 + $238 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $24,075 related
    Filer's total
    $0 + $507,197 related

  • CARL CLARK MD

    BOARD PRESIDENT & CEO OF MHCD

    Total calculated
    $923,209
    From this org
    $0
    From related orgs
    $897,278
    Other
    $25,931
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $541,485 related
    Bonus
    $0 + $346,930 related
    Other
    $0 + $8,863 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $9,431 related
    Filer's total
    $0 + $923,209 related

  • CHARLES EVERILL

    BOARD CHAIR (RETIRED 12/2023)

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • JAMES GREER

    BOARD SECRETARY & COO OF MHCD

    Total calculated
    $308,046
    From this org
    $0
    From related orgs
    $300,187
    Other
    $7,859
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $239,430 related
    Bonus
    $0 + $60,688 related
    Other
    $0 + $69 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,859 related
    Filer's total
    $0 + $308,046 related

  • CYNTHIA LOWERY-GRABER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • JASON HOPCUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • MARJORIE LEWIS

    BOARD DIRECTOR SABIN & MHCD

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • THOMAS BRYAN CPA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511339349305961

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