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Nonprofiteer
← METHODIST TOWERS INC

Form 990 for tax year 2022

Filed by METHODIST TOWERS INC.

Totals

Total revenue
$33,758
Total expenses
$39,955
Contributions and grants received
$6,500
Grants paid
$13,000
Program service revenue
$0
Investment income
$18,632
Other revenue
$8,626
Total assets, end of year
$649,363
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$649,363
Program services expenses (Part IX)
$39,955
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$39,955

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.

  • 1f · All other contributions, gifts and grants

    $6,500

  • 3 · Investment income

    total $18,632 · excluded $18,632

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $8,626 · related or exempt $8,626

  • 11e · Other revenue, total

    $8,626

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $13,000 · program services $13,000

  • 12 · Advertising and promotion

    total $950 · program services $950

  • 13 · Office expenses

    total $212 · program services $212

  • 16 · Occupancy

    total $325 · program services $325

  • 24a · Other expenses: OTHER SERVICE COORDINAT

    total $17,380 · program services $17,380

  • 24b · Other expenses: SERVICE CONTRACTS

    total $5,100 · program services $5,100

  • 24c · Other expenses: OTHER SERVICES

    total $2,988 · program services $2,988

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,828 · end of year $27,803

  • 2 · Savings and temporary cash investments

    end of year $100,233

  • 12 · Investments: other securities

    beginning of year $502,928 · end of year $521,327

  • 15 · Other assets

    beginning of year $25,804 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $655,560 · end of year $649,363

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY.

  • TO PROVIDE AFFORDABLE RENTAL HOUSING AND RELATED FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY.

    Expenses $39,955 · Grants $13,000 · Revenue $8,626

As filed on the 2022 return.

Listed in Part VII

  • Bruce Bernard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Corrine Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Linda Donati

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ronald Norman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Rodgers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trudy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marguerite Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rev James Parkinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Capmbell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Darlene Winicki

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Reim

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Bartlett

    PRESIDENT

    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

Provenance

Return type
form_990
Tax year
2022
Filed
8 August 2024
IRS schema version
2022v5.0
Source object
202442289349303504

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