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Nonprofiteer
← NATE SMITH HOUSING CORPORATION

Form 990 for tax year 2022

Filed by NATE SMITH HOUSING CORPORATION.

Totals

Total revenue
$477,183
Total expenses
$712,376
Contributions and grants received
$359,892
Grants paid
$0
Program service revenue
$113,554
Investment income
$266
Other revenue
$3,471
Total assets, end of year
$881,854
Total liabilities, end of year
$981,867
Net assets or fund balances, end of year
-$100,013
Program services expenses (Part IX)
$645,896
Management and general expenses
$66,480
Fundraising expenses
$0
Program service expenses (Part III)
$645,896

Program services were 90.7% 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)

    $359,892

  • 2a · Program service revenue: RENTAL INCOME

    total $113,554 · related or exempt $113,554

  • 3 · Investment income

    total $266 · excluded $266

  • 11a · Other revenue: LAUNDRY & VENDING

    total $3,471 · related or exempt $3,471

  • 11e · Other revenue, total

    $3,471

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $29,104 · management and general $29,104

  • 11c · Fees: accounting

    total $37,376 · management and general $37,376

  • 11g · Fees: other

    total $135,240 · program services $135,240

  • 13 · Office expenses

    total $42,968 · program services $42,968

  • 16 · Occupancy

    total $232,454 · program services $232,454

  • 22 · Depreciation, depletion and amortization

    total $196,604 · program services $196,604

  • 24a · Other expenses: RESIDENT SERVICES

    total $38,614 · program services $38,614

  • 24b · Other expenses: RESIDUAL RECEIPTS EXPEN

    total $16 · program services $16

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,790 · end of year $23,262

  • 4 · Accounts receivable

    beginning of year $47,428 · end of year $2,796

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,839 · end of year $1,327

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

    $5,470,247

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

    $4,777,064

  • 10c · Land, buildings and equipment, net

    beginning of year $889,787 · end of year $693,183

  • 15 · Other assets

    beginning of year $207,029 · end of year $161,286

  • 17 · Accounts payable and accrued expenses

    beginning of year $110,890 · end of year $37,193

  • 19 · Deferred revenue

    beginning of year $5,394 · end of year $4,463

  • 21 · Escrow or custodial account liability

    beginning of year $5,477 · end of year $5,279

  • 23 · Secured mortgages and notes payable

    beginning of year $934,932 · end of year $934,932

  • 27 · Net assets without donor restrictions

    beginning of year $135,180 · end of year -$100,013

Mission and programs · 2022

Mission

TO REHABILITATE, OWN AND OPERATE 45 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY LOCATED IN JAMAICA PLAIN, MASSACHUSETTS.

Activities or mission (Part I)

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.

  • PROVIDED 45 UNITS OF HOUSING AND SOCIAL SERVICES TO LOW-INCOME ELDERLY PEOPLE IN THE JAMAICA PLAIN SECTION OF BOSTON, MA

    Expenses $645,896 · Revenue $117,025

As filed on the 2022 return.

Listed in Part VII

  • ADAM BURROWS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LYNN WHIPPLE

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARCIA BURLEY

    CLERK

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RITA LOPEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FREDDY PEREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADELAIDA PULIDO

    DIRECTOR

    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
2022
Filed
27 November 2023
IRS schema version
2022v5.0
Source object
202313329349300336

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