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Nonprofiteer
← SPURWINK-RI

Form 990 for tax year 2023

Filed by SPURWINK-RI.

Totals

Total revenue
$147,722
Total expenses
$178,923
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$146,870
Investment income
$35
Other revenue
$817
Total assets, end of year
$1,139,291
Total liabilities, end of year
$1,413,959
Net assets or fund balances, end of year
-$274,668
Program services expenses (Part IX)
$178,923
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$178,923

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL SUBSIDIES

    total $104,693 · related or exempt $104,693

  • 2b · Program service revenue: TENANT RENTS

    total $42,177 · related or exempt $42,177

  • 3 · Investment income

    total $35 · excluded $35

  • 11a · Other revenue: MISCELLANEOUS

    total $817 · related or exempt $817

  • 11e · Other revenue, total

    $817

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,606 · program services $9,606

  • 11b · Fees: legal

    total $787 · program services $787

  • 11c · Fees: accounting

    total $8,100 · program services $8,100

  • 12 · Advertising and promotion

    total $249 · program services $249

  • 13 · Office expenses

    total $2,345 · program services $2,345

  • 22 · Depreciation, depletion and amortization

    total $39,431 · program services $39,431

  • 23 · Insurance

    total $9,326 · program services $9,326

  • 24a · Other expenses: UTILITIES

    total $29,447 · program services $29,447

  • 24b · Other expenses: SALARY REIMBURSEMENT

    total $26,479 · program services $26,479

  • 24c · Other expenses: RE TAXES

    total $23,946 · program services $23,946

  • 24d · Other expenses: CONDO FEES

    total $22,836 · program services $22,836

  • 24e · All other expenses

    total $6,371 · program services $6,371

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,163 · end of year $614

  • 4 · Accounts receivable

    beginning of year $1,502 · end of year $762

  • 9 · Prepaid expenses and deferred charges

    end of year $212

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

    $1,570,800

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

    $511,791

  • 10c · Land, buildings and equipment, net

    beginning of year $1,098,440 · end of year $1,059,009

  • 15 · Other assets

    beginning of year $73,266 · end of year $78,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $45,580 · end of year $42,133

  • 19 · Deferred revenue

    beginning of year $1,316 · end of year $881

  • 23 · Secured mortgages and notes payable

    beginning of year $1,364,200 · end of year $1,364,200

  • 24 · Unsecured notes and loans payable

    beginning of year $3,939 · end of year $3,939

  • 25 · Other liabilities

    beginning of year $2,803 · end of year $2,806

  • 27 · Net assets without donor restrictions

    beginning of year -$243,467 · end of year -$274,668

Mission and programs · 2023

Mission

OWNERSHIP AND OPERATION OF 10 UNITS OF SUBSIDIZED HOUSING FOR DEVELOPMENTALLY DISABLED PERSONS

Activities or mission (Part I)

AFFORDABLE HOUSING FOR DISABLED INDIVIDUALS

  • OWNERSHIP AND OPERATION OF 10 UNITS OF SUBSIDIZED HOUSING FOR DEVELOPMENTALLY DISABLED PERSONS

    Expenses $178,923 · Revenue $147,687

As filed on the 2023 return.

Listed in Part VII

  • Raymond Arsenault

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Paula Kriticos

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dennis Carvalho

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Donna Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Quinlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Medici

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Milas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Villuci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steven A Colantuono

    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
2023
Filed
2 March 2024
IRS schema version
2023v4.0
Source object
202410739349301321

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