Totals
- Total revenue
- $109,027
- Total expenses
- $125,138
- Contributions and grants received
- $73,977
- Grants paid
- $0
- Program service revenue
- $30,328
- Investment income
- -$23,401
- Other revenue
- $28,123
- Total assets, end of year
- $513,370
- Total liabilities, end of year
- $221,978
- Net assets or fund balances, end of year
- $291,392
- Program services expenses (Part IX)
- $79,809
- Management and general expenses
- $45,329
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $79,809
Program services were 63.8% 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.
-
1e · Government grants (contributions)
$73,977
-
2a · Program service revenue: TENANT RENT
total $30,328 · related or exempt $30,328
-
3 · Investment income
total $3,975 · excluded $3,975
-
7b · Less cost or other basis and sales expenses
securities $27,376
-
7c · Gain or loss
securities -$27,376
-
7d · Net gain or loss
total -$27,376 · related or exempt -$27,376
-
11a · Other revenue: RESIDUAL RECEIPTS RECA
total $26,874 · related or exempt $26,874
-
11b · Other revenue: LAUNDRY & VENDING REVE
total $1,249 · related or exempt $1,249
-
11e · Other revenue, total
$28,123
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $7,632 · management and general $7,632
-
11c · Fees: accounting
total $14,495 · management and general $14,495
-
11g · Fees: other
total $13,448 · program services $548 · management and general $12,900
-
13 · Office expenses
total $1,051 · management and general $1,051
-
16 · Occupancy
total $60,712 · program services $60,712
-
22 · Depreciation, depletion and amortization
total $16,753 · program services $16,753
-
24a · Other expenses: MRG./SUPER FREE RENT
total $8,748 · management and general $8,748
-
24b · Other expenses: TAXES & LICENSES
total $1,796 · program services $1,796
-
24c · Other expenses: MISCELLANEOUS ADMIN
total $503 · management and general $503
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,666 · end of year $4,319
-
2 · Savings and temporary cash investments
beginning of year $10,016 · end of year $8,671
-
4 · Accounts receivable
beginning of year $1,023 · end of year $1,629
-
9 · Prepaid expenses and deferred charges
beginning of year $11,546 · end of year $11,836
-
10a · Land, buildings and equipment: cost or other basis
$805,158
-
10b · Land, buildings and equipment: accumulated depreciation
$545,837
-
10c · Land, buildings and equipment, net
beginning of year $276,074 · end of year $259,321
-
11 · Investments: publicly traded securities
beginning of year $252,688 · end of year $224,486
-
15 · Other assets
beginning of year $2,833 · end of year $3,108
-
17 · Accounts payable and accrued expenses
beginning of year $1,672 · end of year $6,676
-
19 · Deferred revenue
beginning of year $465 · end of year $495
-
25 · Other liabilities
beginning of year $241,406 · end of year $214,807
-
27 · Net assets without donor restrictions
beginning of year $312,303 · end of year $291,392
Mission and programs · 2022
Mission
TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.
-
TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.
Expenses $79,809 · Revenue $31,075
-
N/A
-
N/A
As filed on the 2022 return.
Listed in Part VII
-
Kathleen ZitoKATHLEEN ZITO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Teri KochTERI KOCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Robert BuechlerROBERT BUECHLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Helen RuffingHELEN RUFFING
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Rich WardRICH WARD
TREASURER
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Harry OldenburgHARRY OLDENBURG
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0 + 1 related
-
Judy WorthingtonJUDY WORTHINGTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0 + 1 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.
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.
-
INNOVATIVE HOUSING DEVELOPMENT CORP
501(C)(3) · MGMT SERV · MI
-
BLUE RIVER HOUSING CORPORATION
501(C)(3) · MAINT · MI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 April 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341149349300404
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