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Nonprofiteer
← KENTCO PROPERTIES INC

Form 990 for tax year 2022

Filed by KENTCO PROPERTIES INC.

Totals

Total revenue
$167,461
Total expenses
$180,236
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$167,086
Investment income
$0
Other revenue
$375
Total assets, end of year
$1,425,865
Total liabilities, end of year
$484,447
Net assets or fund balances, end of year
$941,418
Program services expenses (Part IX)
$174,227
Management and general expenses
$6,009
Fundraising expenses
$0
Program service expenses (Part III)
$174,227

Program services were 96.7% 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: APARTMENT RENTAL

    total $165,381 · related or exempt $165,381

  • 2b · Program service revenue: TENANT OTHER CHARGES

    total $1,705 · related or exempt $1,705

  • 11a · Other revenue: MISCELLAENOUS

    total $375 · related or exempt $375

  • 11e · Other revenue, total

    $375

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,009 · management and general $6,009

  • 13 · Office expenses

    total $7,682 · program services $7,682

  • 16 · Occupancy

    total $104,669 · program services $104,669

  • 20 · Interest

    total $3,803 · program services $3,803

  • 22 · Depreciation, depletion and amortization

    total $40,934 · program services $40,934

  • 23 · Insurance

    total $10,168 · program services $10,168

  • 24a · Other expenses: DUES AND SUBSCRIPTION

    total $6,936 · program services $6,936

  • 24b · Other expenses: BANK SERVICE CHARGE

    total $35 · program services $35

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $185,600 · end of year $265,843

  • 4 · Accounts receivable

    beginning of year $4,880 · end of year $7,281

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,848 · end of year $3,793

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

    $2,065,322

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

    $922,153

  • 10c · Land, buildings and equipment, net

    beginning of year $1,184,103 · end of year $1,143,169

  • 15 · Other assets

    beginning of year $5,779 · end of year $5,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,886 · end of year $4,361

  • 23 · Secured mortgages and notes payable

    beginning of year $108,216 · end of year $97,779

  • 25 · Other liabilities

    beginning of year $317,915 · end of year $382,307

  • 27 · Net assets without donor restrictions

    beginning of year -$233,228 · end of year -$246,003

  • 28 · Net assets with donor restrictions

    beginning of year $1,187,421 · end of year $1,187,421

Mission and programs · 2022

Mission

TO PROVIDE THE CONSUMERS OF AN EXEMPT ORGANIZATION WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR NEEDS.

  • TO PROVIDE THE CONSUMERS OF AN EXEMPT ORGANIZATION WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR NEEDS.

    Expenses $174,227 · Revenue $167,461

As filed on the 2022 return.

Listed in Part VII

  • DANIEL KUBAS-MEYER

    PRESIDENT

    Total calculated
    $184,054
    From this org
    $0
    From related orgs
    $167,401
    Other
    $16,653
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,201 related
    Bonus
    $0 + $9,200 related
    Other
    $0
    Deferred
    $0 + $2,766 related
    Nontaxable benefits
    $0 + $13,887 related
    Filer's total
    $0 + $184,054 related

  • KEVIN COTE

    COMPTROLLER

    Total calculated
    $153,932
    From this org
    $0
    From related orgs
    $142,158
    Other
    $11,774
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,958 related
    Bonus
    $0 + $9,200 related
    Other
    $0
    Deferred
    $0 + $2,313 related
    Nontaxable benefits
    $0 + $9,461 related
    Filer's total
    $0 + $153,932 related

  • ELISABETH KORNBLEE

    EXECUTIVE SECRETARY (UNTIL 5/2023)

    Total calculated
    $140,532
    From this org
    $0
    From related orgs
    $133,220
    Other
    $7,312
    Hours/week
    1 + 39 related

  • FREDERICK REINHARDT

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • JENNIFER WHEELEHON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • MARK DELANEY

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • CHRISTINE KING

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • JAMES ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MICHAEL MCCAFFREY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 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

The filer's explanations (Part III)

PART I, LINE 3
THE BOARD OF DIRECTORS OF RELATED ORGANIZATION THRIVE BEHAVIORAL HEALTH, INC. DETERMINES THE COMPENSATION OF THE CEO, OFFICERS AND KEY EMPLOYEES OF THRIVE BEHAVIORAL HEALTH, INC. THRIVE'S BOARD CHAIR, IN CONSULTATION WITH THE EXECUTIVE COMMITTEE, REVIEWS THE PRESIDENT'S SALARY AND MAKES RECOMMENDATIONS. ALL OTHER OFFICERS AND KEY EMPLOYEES ARE HANDLED BY HUMAN RESOURCES IN CONSULTATION WITH THE PRESIDENT AND ACCORDING TO THE ORGANIZATION'S POLICIES.

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.

  • THRIVE BEHAVIORAL HEALTH INC

    501(C)(3) · BEHAVIORAL HEALTHCARE ORGANIZATION · RI

  • KENTCO HOLDINGS CORP

    501(C)(2) · HOLDS TITLE TO PROPERTY ON BEHALF OF THE ORGANIZATION · RI

    Directly controlled by THRIVE BEHAVIORAL HEALTH

  • ROBERT STREET REALTY CORP

    501(C)(3) · PROVIDES HOUSING TO PERSONS WITH DISABILITY AS DIRECTED BY THE ORGANIZATION · RI

    Directly controlled by THRIVE BEHAVIORAL HEALTH

  • EAST BAY HOUSING OPTIONS INC

    501(C)(3) · PROVIDES HOUSING TO PERSONS WITH DISABILITY AS DIRECTED BY THE ORGANIZATION · RI

    Directly controlled by THRIVE BEHAVIORAL HEALTH

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431349349307348

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