Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $183,821 · excluded $183,821

• 6a · Gross rents

  real property $134,866

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $134,866

• 6d · Net rental income or loss

  total $134,866 · related or exempt $134,866

• 7a · Gross sales of assets other than inventory

  securities $1,593,126

• 7b · Less cost or other basis and sales expenses

  securities $719,332

• 7c · Gain or loss

  securities $873,794

• 7d · Net gain or loss

  total $873,794 · related or exempt $873,794

Functional expenses

Part IX, the statement of functional expenses.

• 13 · Office expenses

  total $881 · management and general $881

• 22 · Depreciation, depletion and amortization

  total $497,813 · management and general $497,813

• 23 · Insurance

  total $1,186 · management and general $1,186

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,603 · end of year $14,578

• 4 · Accounts receivable

  beginning of year $11,333 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $327 · end of year $0

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

  $14,997,198

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

  $9,665,876

• 10c · Land, buildings and equipment, net

  beginning of year $5,829,135 · end of year $5,331,322

• 12 · Investments: other securities

  beginning of year $11,249,456 · end of year $11,628,376

• 15 · Other assets

  beginning of year $181,501 · end of year $190,980

• 17 · Accounts payable and accrued expenses

  end of year $862

• 19 · Deferred revenue

  beginning of year $11,333 · end of year $11,333

• 27 · Net assets without donor restrictions

  beginning of year $16,349,022 · end of year $16,228,061

• 28 · Net assets with donor restrictions

  beginning of year $925,000 · end of year $925,000

The filer's explanations (Part III)

PART I, LINE 3

THE AGENCY STRIVES TO PAY SALARIES COMPETITIVE WITH THOSE IN THE NONPROFIT COMMUNITY AND INDUSTRY, RECOGNIZING INDIVIDUAL EFFORT AND CONTRIBUTION TO AGENCY SUCCESS. HR OBTAINS SURVEYS COVERING BOTH NONPROFITS AND FOR PROFIT ORGANIZATION FOR KEY POSITIONS INCLUDING THE CEO. DETERMINATION OF SALARY POLICY IS THE RESPONSIBILITY OF KEY MANAGEMENT INCLUDING THE CHIEF EXECUTIVE OFFICER'S DIRECT REPORTS AND THE CHAIRMAN OF THE BOARD AS IT RELATES THE CEO'S EVALUATION. REVIEWS FOR SALARY INCREASES ARE CONDUCTED EACH YEAR IN JULY WITH AN EFFECTIVE DATE OF THE FIRST PAY PERIOD IN AUGUST. SALARY INCREASES ARE NOT GRANTED AUTOMATICALLY, BUT ONLY AS A RESULT OF DEMONSTRATED PERFORMANCE, DOCUMENTED BY JOB RELATED PERFORMANCE APPRAISAL. CEO APRAISAL IS CONDUCTED UNDER THE SAME GUIDELINES. FOR THE MOST RECENT FISCAL YEAR THE CEO REVIEW WAS CONDUCTED BY THE CHARIMAN OF THE BOARD IN JULY FOR THE PREVIOUS FISCAL YEAR PERFORMANCE. THE CHAIRMAN COMPLETED AN EMPLOYEE EVALUATION AND USED SURVEYS FROM THE NONPROFIT AND FOR PROFIT COMMUNITY TO DETERMINE SALARY RANGE. THE CEO SALARY IS GENERALLY ADJUSTED IN AUGUST TO BE CONSISTENT WITH THE AGENCY'S POLICY.