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Nonprofiteer
← FIRST SHARED HOUSING CORP

Form 990 for tax year 2022

Filed by FIRST SHARED HOUSING CORP.

Totals

Total revenue
$70,434
Total expenses
$92,750
Contributions and grants received
$57,830
Grants paid
$0
Program service revenue
$12,601
Investment income
$3
Other revenue
$0
Total assets, end of year
$112,217
Total liabilities, end of year
$523,789
Net assets or fund balances, end of year
-$411,572
Program services expenses (Part IX)
$70,053
Management and general expenses
$22,697
Fundraising expenses
$0
Program service expenses (Part III)
$70,053

Program services were 75.5% 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.

  • 1e · Government grants (contributions)

    $57,830

  • 2a · Program service revenue: TENANT RENTS

    total $12,601 · related or exempt $12,601

  • 3 · Investment income

    total $3 · excluded $3

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $11,281 · program services $11,281

  • 10 · Payroll taxes

    total $1,911 · program services $1,911

  • 11a · Fees: management

    total $2,760 · management and general $2,760

  • 11c · Fees: accounting

    total $6,251 · management and general $6,251

  • 14 · Information technology

    total $1,766 · management and general $1,766

  • 16 · Occupancy

    total $33,317 · program services $33,317

  • 20 · Interest

    total $8,328 · program services $8,328

  • 22 · Depreciation, depletion and amortization

    total $4,811 · program services $4,811

  • 23 · Insurance

    total $4,535 · program services $4,535

  • 24a · Other expenses: BAD DEBTS

    total $9,195 · management and general $9,195

  • 24b · Other expenses: REPAIRS CONTRACTS AND M

    total $5,492 · program services $5,492

  • 24c · Other expenses: MISCELLANEOUS

    total $2,343 · management and general $2,343

  • 24d · Other expenses: TELEPHONE EXPENSE

    total $382 · management and general $382

  • 24e · All other expenses

    total $378 · program services $378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $903 · end of year $2,031

  • 4 · Accounts receivable

    beginning of year $7,783 · end of year $36,370

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,621 · end of year $3,856

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

    $301,593

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

    $244,443

  • 10c · Land, buildings and equipment, net

    beginning of year $61,960 · end of year $57,150

  • 15 · Other assets

    beginning of year $12,808 · end of year $12,810

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,043 · end of year $29,619

  • 23 · Secured mortgages and notes payable

    beginning of year $143,156 · end of year $131,484

  • 25 · Other liabilities

    beginning of year $314,132 · end of year $362,686

  • 27 · Net assets without donor restrictions

    beginning of year -$389,256 · end of year -$411,572

Mission and programs · 2022

Mission

THE CORPORATION OWNS AND MANAGES 6 UNITS OF SHARED SENIOR HOUSING FOR LOW INCOME SENIOR CITIZENS AND THE DISABLED AT 540 SOUTH 61ST STREET, PHILADELPHIA, PENNSYLVANIA.

Activities or mission (Part I)

THE CORPORATION OWNS AND MANAGES 6 UNITS OF SHARED SENIOR HOUSING FOR LOW INCOME SENIOR CITIZENS

  • MANAGED AND MAINTAINED 6 UNITS OF SHARED HOUSING FOR LOW INCOME SENIORCITIZENS.

    Expenses $70,053 · Revenue $12,601

As filed on the 2022 return.

Listed in Part VII

  • Andrew Anderson

    PRESIDENT/SECRETARY

    Total calculated
    $193,790
    From this org
    $0
    From related orgs
    $188,000
    Other
    $5,790
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,790 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $193,790 related

  • Hollister Knowlton

    VICE PRESIDENT/ TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Susanne Davis

    ASST SECRETARY

    Total calculated
    $121,458
    From this org
    $0
    From related orgs
    $112,000
    Other
    $9,458
    Hours/week
    1 + 39 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
2022
Filed
10 April 2024
IRS schema version
2022v5.0
Source object
202421039349300347

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