Totals
- Total revenue
- $517,238
- Total expenses
- $734,798
- Contributions and grants received
- $274,525
- Grants paid
- $0
- Program service revenue
- $257,453
- Investment income
- -$14,740
- Other revenue
- $0
- Total assets, end of year
- $4,534,018
- Total liabilities, end of year
- $335,938
- Net assets or fund balances, end of year
- $4,198,080
- Program services expenses (Part IX)
- $722,445
- Management and general expenses
- $12,353
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $722,445
Program services were 98.3% 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)
$274,525
-
2a · Program service revenue: TENANT RENTS
total $253,082 · related or exempt $253,082
-
2b · Program service revenue: TENANT CHARGES
total $3,658 · related or exempt $3,658
-
2c · Program service revenue: LAUNDRY AND VENDING RE
total $609 · related or exempt $609
-
2d · Program service revenue: MISCELLANEOUS REVENUE
total $104 · related or exempt $104
-
3 · Investment income
total $17 · excluded $17
-
7b · Less cost or other basis and sales expenses
other assets $14,757
-
7c · Gain or loss
other assets -$14,757
-
7d · Net gain or loss
total -$14,757 · excluded -$14,757
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $66,220 · program services $66,220
-
11b · Fees: legal
total $1,831 · program services $1,831
-
11c · Fees: accounting
total $6,819 · management and general $6,819
-
13 · Office expenses
total $18,162 · program services $18,162
-
16 · Occupancy
total $45,833 · program services $45,833
-
19 · Conferences, conventions and meetings
total $398 · program services $398
-
22 · Depreciation, depletion and amortization
total $184,297 · program services $184,297
-
23 · Insurance
total $73,931 · program services $73,931
-
24a · Other expenses: CONTRACTS
total $90,250 · program services $90,250
-
24b · Other expenses: PAYROLL EXPENSE REIMBUR
total $69,019 · program services $69,019
-
24c · Other expenses: OFFICE/MANAGER SALARIES
total $55,893 · program services $55,893
-
24d · Other expenses: SUPPLIES
total $35,341 · program services $35,341
-
24e · All other expenses
total $86,804 · program services $81,270 · management and general $5,534
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,826 · end of year $1,079
-
2 · Savings and temporary cash investments
beginning of year $190,877 · end of year $167,503
-
4 · Accounts receivable
beginning of year $11,922 · end of year $23,577
-
9 · Prepaid expenses and deferred charges
beginning of year $20,463 · end of year $24,536
-
10a · Land, buildings and equipment: cost or other basis
$7,918,624
-
10b · Land, buildings and equipment: accumulated depreciation
$3,623,083
-
10c · Land, buildings and equipment, net
beginning of year $4,446,195 · end of year $4,295,541
-
15 · Other assets
beginning of year $20,926 · end of year $21,782
-
17 · Accounts payable and accrued expenses
beginning of year $58,687 · end of year $110,243
-
19 · Deferred revenue
beginning of year $956 · end of year $3,913
-
23 · Secured mortgages and notes payable
beginning of year $200,000 · end of year $200,000
-
25 · Other liabilities
beginning of year $20,926 · end of year $21,782
-
27 · Net assets without donor restrictions
beginning of year $4,415,640 · end of year $4,198,080
Mission and programs · 2024
Mission
TO PROVIDE HOUSING FOR LOW INCOME ELDERLY RESIDENTS.
Activities or mission (Part I)
PROVIDE LOW INCOME HOUSING SERVICES FOR ELDERLY INDIVIDUALS.
-
OPERATING A 79 UNIT APARTMENT COMPLEX FOR LOW INCOME ELDERLY INDIVIDUALS UNDER SECTION 202 OF THE U.S. HOUSING ACT OF 1959.
Expenses $722,445 · Revenue $257,453
As filed on the 2024 return.
Listed in Part VII
-
Michael L SuggsMICHAEL L SUGGS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Craig PeatrossCRAIG PEATROSS
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Mallory M OatesMALLORY M OATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Fred PhiferFRED PHIFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Garrett D BoldenGARRETT D BOLDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lafayette JonesLAFAYETTE JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Laurie IngramLAURIE INGRAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Garry MerrittGARRY MERRITT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 20 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202532949349301018
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