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Nonprofiteer
← PALM COAST ELDERLY HOUSING INC

Form 990 for tax year 2022

Filed by PALM COAST ELDERLY HOUSING INC.

Totals

Total revenue
$144,445
Total expenses
$1,430,930
Contributions and grants received
$0
Grants paid
$1,430,000
Program service revenue
$0
Investment income
$144,445
Other revenue
$0
Total assets, end of year
$2,320,126
Total liabilities, end of year
$15,620
Net assets or fund balances, end of year
$2,304,506
Program services expenses (Part IX)
$1,430,000
Management and general expenses
$930
Fundraising expenses
$0
Program service expenses (Part III)
$1,430,000

Program services were 99.9% 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.

  • 3 · Investment income

    total $144,445 · excluded $144,445

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,430,000 · program services $1,430,000

  • 20 · Interest

    total $213 · management and general $213

  • 24a · Other expenses: ADMINISTRATIVE

    total $717 · management and general $717

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,314,036 · end of year $51,590

  • 2 · Savings and temporary cash investments

    beginning of year $156,739 · end of year $48

  • 7 · Other notes and loans receivable

    beginning of year $2,124,043 · end of year $2,268,488

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,230

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,650

  • 23 · Secured mortgages and notes payable

    beginning of year $4,364 · end of year $4,364

  • 25 · Other liabilities

    beginning of year $11,043 · end of year $11,256

  • 27 · Net assets without donor restrictions

    beginning of year $3,590,991 · end of year $2,304,506

Mission and programs · 2022

Mission

TO OWN AND OPERATE A RENTAL HOUSING PROPERTY FOR LOW INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

  • OPERATION AND MAINTENANCE OF AN APARTMENT COMPLEX FOR LOW INCOME ELDERLY PERSONS IN ACCORDANCE WITH THE REQUIREMENTS OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

    Expenses $1,430,000 · Grants $1,430,000

As filed on the 2022 return.

Listed in Part VII

  • Gerald Eickhoff

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Joseph F Glenn

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • M Reynolds Delisle

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth C Glenn

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Larry Gay Reagan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kim Delacey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert L Reinhart

    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

  • WORLD OUTREACH FUND

    $1,430,000

    TO PROVIDE SUPPORT TO THE ELDERLY AND HANDICAPPED PERSONS AND ANY CHARITABLE, RELIGIOUS, EDUCATIONAL ACTIVITIES IN ACCORDANCE WITH 501(C)(3).

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
6 October 2023
IRS schema version
2022v5.0
Source object
202332799349301208

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