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Nonprofiteer
← WELLSPRING TONINI APARTMENTS INC

Form 990 for tax year 2022

Filed by WELLSPRING TONINI APARTMENTS INC.

Totals

Total revenue
$83,396
Total expenses
$156,749
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$82,918
Investment income
$0
Other revenue
$478
Total assets, end of year
$1,922,782
Total liabilities, end of year
$700,586
Net assets or fund balances, end of year
$1,222,196
Program services expenses (Part IX)
$117,569
Management and general expenses
$39,180
Fundraising expenses
$0
Program service expenses (Part III)
$117,569

Program services were 75.0% 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.

  • 2a · Program service revenue: HOUSING

    total $82,918 · related or exempt $82,918

  • 11a · Other revenue: MISCELLANEOUS

    total $478 · related or exempt $478

  • 11e · Other revenue, total

    $478

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,794 · management and general $7,794

  • 11b · Fees: legal

    total $151 · management and general $151

  • 11c · Fees: accounting

    total $11,824 · management and general $11,824

  • 13 · Office expenses

    total $12,489 · management and general $12,489

  • 14 · Information technology

    total $1,068 · program services $1,068

  • 16 · Occupancy

    total $38,842 · program services $38,842

  • 22 · Depreciation, depletion and amortization

    total $59,876 · program services $59,876

  • 23 · Insurance

    total $11,789 · program services $11,789

  • 24a · Other expenses: MISCELLANEOUS

    total $6,922 · management and general $6,922

  • 24b · Other expenses: BAD DEBTS

    total $5,094 · program services $5,094

  • 24c · Other expenses: VEHICLE OPERATIONS

    total $900 · program services $900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $583 · end of year $2,990

  • 2 · Savings and temporary cash investments

    beginning of year $41,717 · end of year $40,585

  • 4 · Accounts receivable

    beginning of year $5,104 · end of year $10,997

  • 9 · Prepaid expenses and deferred charges

    beginning of year $392 · end of year $90

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

    $2,470,060

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

    $601,940

  • 10c · Land, buildings and equipment, net

    beginning of year $1,923,113 · end of year $1,868,120

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,317 · end of year $61,190

  • 19 · Deferred revenue

    beginning of year $1,199 · end of year $876

  • 23 · Secured mortgages and notes payable

    beginning of year $626,661 · end of year $636,663

  • 25 · Other liabilities

    beginning of year $2,183 · end of year $1,857

  • 27 · Net assets without donor restrictions

    beginning of year $1,295,549 · end of year $1,222,196

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING FOR 12 MEN AND WOMEN WITH MENTAL ILLNESS

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING FOR MEN AND WOMEN WITH MENTAL ILLNESS

  • TO PROVIDE AFFORDABLE HOUSING FOR MEN AND WOMEN WITH MENTAL ILLNESS

    Expenses $117,569 · Revenue $83,396

As filed on the 2022 return.

Listed in Part VII

  • Jack Trawick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • George Rapp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • William Friel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Steve Kerrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Katharine Dobbins

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $142,831
    From this org
    $0
    From related orgs
    $129,832
    Other
    $12,999
    Hours/week
    0.5

  • John Alexander

    CHIEF FINANCIAL OFFICER

    Total calculated
    $113,002
    From this org
    $0
    From related orgs
    $106,812
    Other
    $6,190
    Hours/week
    0.5

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
2022
Filed
16 April 2024
IRS schema version
2022v5.0
Source object
202431139349300223

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