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Nonprofiteer
← LUTHERAN GARDENS APARTMENTS INC

Form 990 for tax year 2022

Filed by LUTHERAN GARDENS APARTMENTS INC.

Totals

Total revenue
$211,845
Total expenses
$277,015
Contributions and grants received
$193,229
Grants paid
$0
Program service revenue
$362
Investment income
$236
Other revenue
$18,018
Total assets, end of year
$1,155,387
Total liabilities, end of year
$1,630,993
Net assets or fund balances, end of year
-$475,606
Program services expenses (Part IX)
$244,954
Management and general expenses
$32,061
Fundraising expenses
$0
Program service expenses (Part III)
$244,954

Program services were 88.4% 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)

    $193,229

  • 2a · Program service revenue: OTHER REVENUE

    total $362 · related or exempt $362

  • 3 · Investment income

    total $236 · related or exempt $236

  • 6a · Gross rents

    real property $18,018

  • 6c · Rental income or loss

    real property $18,018

  • 6d · Net rental income or loss

    total $18,018 · excluded $18,018

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,462 · management and general $8,462

  • 11c · Fees: accounting

    total $9,000 · management and general $9,000

  • 12 · Advertising and promotion

    total $192 · management and general $192

  • 13 · Office expenses

    total $5,076 · management and general $5,076

  • 16 · Occupancy

    total $110,633 · program services $110,633

  • 22 · Depreciation, depletion and amortization

    total $46,004 · program services $46,004

  • 23 · Insurance

    total $65,732 · program services $65,732

  • 24a · Other expenses: CONTRACTED PERSONNEL COST

    total $31,193 · program services $21,862 · management and general $9,331

  • 24b · Other expenses: OTHER EXPENSES

    total $723 · program services $723

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,928 · end of year $26,539

  • 2 · Savings and temporary cash investments

    beginning of year $117,270 · end of year $96,919

  • 4 · Accounts receivable

    beginning of year $711 · end of year $541

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,390 · end of year $60,123

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

    $1,630,373

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

    $659,108

  • 10c · Land, buildings and equipment, net

    beginning of year $1,017,269 · end of year $971,265

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,037 · end of year $22,273

  • 19 · Deferred revenue

    beginning of year $16,169 · end of year $21,814

  • 23 · Secured mortgages and notes payable

    beginning of year $1,584,500 · end of year $1,584,500

  • 25 · Other liabilities

    beginning of year $2,298 · end of year $2,406

  • 27 · Net assets without donor restrictions

    beginning of year -$410,436 · end of year -$475,606

Mission and programs · 2022

Mission

THE ORGANIZATION PROVIDES 12 1 BEDROOM AND 2 2-BEDROOM SUBSIDIZED APARTMENTS FOR DISABLED ADULTS CAPABLE OF LIVING INDEPENDENTLY.

Activities or mission (Part I)

THE ORGANIZATION PROVIDES 12 1 BEDROMM AND 2 2-BEDROOM SUBSIDIZED APARTMENTS FOR DISABLED ADULTS CAPABLE OF LIVING INDEPENDENTLY.

  • TO PROVIDE SUBSIDIZED LOW INCOME HOUSING FOR DISABLED ADULTS LIVING INDEPENDENTLY

    Expenses $244,954 · Revenue $362

As filed on the 2022 return.

Listed in Part VII

  • Ferryneisa Benjamin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Chester Copermann

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Ronald Russell Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Orville James

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • Maxine Moorhead

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Tracy Sanders

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Robert Wakefield

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Junia John-Straker

    LSSVI CEO

    Total calculated
    $0
    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
14 August 2024
IRS schema version
2022v5.0
Source object
202432279349303143

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