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← MEADOW PARK INDEPENDENT LIVING INC

Form 990 for tax year 2023

Filed by MEADOW PARK INDEPENDENT LIVING INC.

Totals

Total revenue
$634,137
Total expenses
$587,177
Contributions and grants received
$482,004
Grants paid
$0
Program service revenue
$147,113
Investment income
$5,020
Other revenue
$0
Total assets, end of year
$2,185,254
Total liabilities, end of year
$97,198
Net assets or fund balances, end of year
$2,088,056
Program services expenses (Part IX)
$517,478
Management and general expenses
$69,699
Fundraising expenses
$0
Program service expenses (Part III)
$517,478

Program services were 88.1% 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)

    $482,004

  • 2a · Program service revenue: LOW INCOME HOUSING RENTAL

    total $147,113 · related or exempt $147,113

  • 3 · Investment income

    total $5,020 · excluded $5,020

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $93,683 · program services $93,683

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $1,617 · program services $1,617

  • 10 · Payroll taxes

    total $7,147 · program services $7,147

  • 11a · Fees: management

    total $40,561 · management and general $40,561

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $29,059 · management and general $29,059

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $26,636 · program services $26,636

  • 12 · Advertising and promotion

    total $3,942 · program services $3,942

  • 13 · Office expenses

    total $24,212 · program services $24,133 · management and general $79

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $215,524 · program services $215,524

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $75,624 · program services $75,624

  • 23 · Insurance

    total $1,170 · program services $1,170

  • 24a · Other expenses: ELDELY CARE EXPENSES

    total $61,217 · program services $61,217

  • 24b · Other expenses: OTHER TAX EXPENSE

    total $5,576 · program services $5,576

  • 24c · Other expenses: BAD DEBT

    total $1,209 · program services $1,209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,896 · end of year $50,278

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $90,937 · end of year $3,547

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $24,240

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $37,189 · end of year $42,823

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

    $3,435,519

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

    $1,684,669

  • 10c · Land, buildings and equipment, net

    beginning of year $1,762,497 · end of year $1,750,850

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $252,935 · end of year $313,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $133,858 · end of year $72,427

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,557 · end of year $3,588

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $11,943 · end of year $11,183

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $10,000 · end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year -$1,239,604 · end of year -$1,192,644

  • 28 · Net assets with donor restrictions

    beginning of year $3,280,700 · end of year $3,280,700

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

To provide safe & affordable subsidized apartment rental housing to low-income adults.

  • The organization provides safe and affordable subsidized apartment rental housing to low-income adults age 62 and older. The corporation owns and operates an apartment building consisting of 44 units located in Sarasota, Florida.

    Expenses $517,478 · Revenue $147,113

As filed on the 2023 return.

Listed in Part VII

  • Israel Wilhelm

    President - Effective 12/2023

    Total calculated
    $31,200
    From this org
    $0
    From related orgs
    $30,000
    Other
    $1,200
    Hours/week
    0

  • George Bumbray

    President - Resigned 12/2023

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • James C Brown

    Sec./Treasurer - Resig. 3/2023

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Albert Phillips

    Director - Resigned 12/2023

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Levy Brook

    Sec./Treasurer -Effec. 12/2023

    Total calculated
    $0
    Hours/week
    0

  • Abraham Lapine

    Director - Effective 12/2023

    Total calculated
    $0
    Hours/week
    0

  • Deborah Friedman

    Director- Effective 12/2023

    Total calculated
    $0
    Hours/week
    0

  • William Franklyn Richardson

    Director- Effective 12/2023

    Total calculated
    $0
    Hours/week
    0

  • Russell Grudhauser

    Director- Effective 12/2023

    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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Guild House I LP

    Affordable Ho · PA

    Directly controlled by House of David

  • Palomino Apartments LP

    Affordable Ho · TX

    Directly controlled by House of David

  • ST John Tower LLC

    Affordable Ho · NY

    Directly controlled by House of David

  • Sir Walter Apartments GP LLC

    Affordable Ho · NC

    Directly controlled by House of David

  • William Watters House GP LLC

    Affordable Ho · VA

    Directly controlled by House of David

  • Mayflower Manor Apartments GP LLC

    Affordable Ho · OH

    Directly controlled by House of David

  • Casa Trevino Apartments HOD LLC

    Affordable Ho · TX

    Directly controlled by House of David

  • Cedar Green Housing HOD LLC

    Affordable Ho · TX

    Directly controlled by House of David

  • Woodberry Apartments GP LLC

    Affordable Ho · DC

    Directly controlled by House of David

  • Sarah Allen Elderly Housing LP

    AFFORDABLE HO · PA

    Directly controlled by HOUSE OF DAVID

  • Greenview Manor Senior Apartments LP

    AFFORDABLE HO · FL

    Directly controlled by HOUSE OF DAVID

  • Hacienda Villas Apartments LP

    AFFORDABLE HO · FL

    Directly controlled by HOUSE OF DAVID

  • Kappa House I LLC

    AFFORDABLE HO · OH

    Directly controlled by HOUSE OF DAVID

  • Maple Woods Apartments HOD LLC

    AFFORDABLE HO · WA

    Directly controlled by HOUSE OF DAVID

  • Shockoe I Apartments GP LLC

    AFFORDABLE HO · VA

    Directly controlled by HOUSE OF DAVID

  • Alexian Court Apartments LP

    AFFORDABLE HO · MO

    Directly controlled by HOUSE OF DAVID

  • Bethany Manor Apartments Urban Renewal L

    Affordable Ho · NJ

    Directly controlled by House of David

  • De Freese Manor Apartments LP

    Affordable Ho · NE

    Directly controlled by House of David

  • Kenzie Senior Apartments LP

    Affordable Ho · MN

    Directly controlled by House of David

  • Parker Square Apartments GP LLC

    Affordable Ho · MO

    Directly controlled by House of David

  • Phillip Sims Apartments LDHA LP

    Affordable Ho · MI

    Directly controlled by House of David

  • River Senior Apartments LP

    Affordable Ho · MN

    Directly controlled by House of David

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HOD Prospect MM LLC

    C · Affordable Ho · NJ

    Directly controlled by HOD Prospect Pa

  • VUM Sterling Park Inc

    C · AFFORDABLE HO · VA

    Directly controlled by HOUSE OF DAVID

Provenance

Return type
form_990
Tax year
2023
Filed
21 February 2025
IRS schema version
2023v6.0
Source object
202530589349300018

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