Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $113,062

• 2a · Program service revenue: ELDERLY HOUSING

  total $70,101 · related or exempt $70,101

• 3 · Investment income

  total $483 · excluded $483

• 11a · Other revenue: COIN LAUNDRY

  total $4,271 · excluded $4,271

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $788 · excluded $788

• 11e · Other revenue, total

  $5,059

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $43,159 · program services $32,801 · management and general $10,358

• 8 · Pension plan contributions

  total $768 · program services $584 · management and general $184

• 9 · Other employee benefits

  total $320 · program services $243 · management and general $77

• 10 · Payroll taxes

  total $2,020 · program services $1,535 · management and general $485

• 11a · Fees: management

  total $50,806 · program services $44,709 · management and general $6,097

• 11b · Fees: legal

  total $1,415 · program services $1,245 · management and general $170

• 11c · Fees: accounting

  total $8,625 · program services $7,590 · management and general $1,035

• 11g · Fees: other

  total $10,154 · program services $8,936 · management and general $1,218

• 13 · Office expenses

  total $1,223 · program services $1,076 · management and general $147

• 16 · Occupancy

  total $14,931 · program services $13,139 · management and general $1,792

• 17 · Travel

  total $1,399 · program services $1,231 · management and general $168

• 20 · Interest

  total $7,226 · program services $7,226

• 22 · Depreciation, depletion and amortization

  total $36,011 · program services $31,690 · management and general $4,321

• 23 · Insurance

  total $4,547 · program services $4,001 · management and general $546

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $17,652 · program services $15,534 · management and general $2,118

• 24b · Other expenses: TAXES AND LICENSES

  total $2,674 · program services $2,353 · management and general $321

• 24c · Other expenses: SUPPLIES

  total $1,726 · program services $1,519 · management and general $207

• 24d · Other expenses: MISCELLANEOUS

  total $169 · program services $149 · management and general $20

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $120,137 · end of year $164,672

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

  $1,175,565

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

  $895,359

• 10c · Land, buildings and equipment, net

  beginning of year $316,217 · end of year $280,206

• 15 · Other assets

  beginning of year $54,153 · end of year $110,527

• 17 · Accounts payable and accrued expenses

  beginning of year $3,036 · end of year $1,317

• 20 · Tax-exempt bond liabilities

  beginning of year $320,503 · end of year $403,377

• 21 · Escrow or custodial account liability

  beginning of year $6,048 · end of year $5,911

• 25 · Other liabilities

  beginning of year $185,788 · end of year $185,788

• 27 · Net assets without donor restrictions

  beginning of year -$24,868 · end of year -$40,988

The filer's explanations (Part III)

PART I, LINE 3

A RELATED ORGANIZATION OF THE FILING ORGANIZATION USES ONE OR MORE OF THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL: - INDEPENDENT COMPENSATION CONSULTANT - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE PLEASE REFER TO THE FORM 990, PART VI, LINE 15A DISCLOSURE IN SCHEDULE 0 FOR ADDITIONAL DETAILS ON HOW COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIAL IS ESTABLISHED.