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Nonprofiteer
← WILLIAM TUKE APARTMENTS INC

Form 990 for tax year 2023

Filed by WILLIAM TUKE APARTMENTS INC.

Totals

Total revenue
$175,169
Total expenses
$221,490
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$175,164
Investment income
$5
Other revenue
$0
Total assets, end of year
$532,228
Total liabilities, end of year
$266,266
Net assets or fund balances, end of year
$265,962
Program services expenses (Part IX)
$180,319
Management and general expenses
$41,171
Fundraising expenses
$0
Program service expenses (Part III)
$180,319

Program services were 81.4% 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: FEES & CONTRACTS GOV AGENCIES

    total $123,781 · related or exempt $123,781

  • 2b · Program service revenue: RENTAL INCOME

    total $85,979 · related or exempt $85,979

  • 2c · Program service revenue: VACANCIES

    total -$34,596 · related or exempt -$34,596

  • 3 · Investment income

    total $5 · excluded $5

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $54,592 · program services $24,040 · management and general $30,552

  • 9 · Other employee benefits

    total $21,286 · program services $21,286

  • 10 · Payroll taxes

    total $7,998 · program services $7,998

  • 11a · Fees: management

    total $10,619 · management and general $10,619

  • 11b · Fees: legal

    total $2,219 · program services $2,219

  • 11c · Fees: accounting

    total $6,656 · program services $6,656

  • 13 · Office expenses

    total $6,802 · program services $6,802

  • 22 · Depreciation, depletion and amortization

    total $29,223 · program services $29,223

  • 23 · Insurance

    total $7,040 · program services $7,040

  • 24a · Other expenses: CONTRACTS

    total $38,483 · program services $38,483

  • 24b · Other expenses: UTILITIES EXPENSE

    total $37,951 · program services $37,951

  • 24c · Other expenses: GARBAGE & TRASH REMOVAL

    total $4,864 · program services $4,864

  • 24d · Other expenses: HVAC REPAIR & MAINTENANCE

    total $2,887 · program services $2,887

  • 24e · All other expenses

    total -$9,130 · program services -$9,130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,878 · end of year $39

  • 4 · Accounts receivable

    beginning of year $59,725 · end of year $53,379

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,080 · end of year $2,763

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

    $1,301,056

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

    $839,254

  • 10c · Land, buildings and equipment, net

    beginning of year $491,025 · end of year $461,802

  • 15 · Other assets

    beginning of year $13,586 · end of year $14,245

  • 17 · Accounts payable and accrued expenses

    beginning of year $257,473 · end of year $263,027

  • 19 · Deferred revenue

    beginning of year $3,305 · end of year $871

  • 25 · Other liabilities

    beginning of year $1,233 · end of year $2,368

  • 27 · Net assets without donor restrictions

    beginning of year -$891,517 · end of year -$937,838

  • 28 · Net assets with donor restrictions

    beginning of year $1,203,800 · end of year $1,203,800

Mission and programs · 2023

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE TWO 10 UNIT APARTMENT COMMUNITIES IN WILLMINGTON, OHIO AND LEBANON, OHIO, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT AS AMENDED.

  • THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE TWO 10 UNIT APARTMENT COMMUNITIES IN WILLMINGTON, OHIO AND LEBANON, OHIO, PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT AS AMENDED.

    Expenses $180,319 · Revenue $175,164

As filed on the 2023 return.

Listed in Part VII

  • Libbie Curry

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Justin Phillips

    TENANT REP

    Total calculated
    $0
    Hours/week
    0.25

  • Bill Pierson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Aaron Powell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Denise Stryker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Darrell Tucker

    TENANT REP

    Total calculated
    $0
    Hours/week
    0.25

  • Scott Boone

    CEO

    Total calculated
    $0
    Hours/week
    1

  • Tim Burchett

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25

  • Teresa Carrier

    EXECUTIVE VI

    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.

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
22 October 2024
IRS schema version
2023v5.0
Source object
202423169349306047

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