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Nonprofiteer
← ALPHA PROPERTIES INC

Form 990 for tax year 2022

Filed by ALPHA PROPERTIES INC.

Totals

Total revenue
$516,515
Total expenses
$554,104
Contributions and grants received
$171,695
Grants paid
$0
Program service revenue
$131,950
Investment income
$138
Other revenue
$212,732
Total assets, end of year
$679,304
Total liabilities, end of year
$670,680
Net assets or fund balances, end of year
$8,624
Program services expenses (Part IX)
$502,833
Management and general expenses
$51,271
Fundraising expenses
$0
Program service expenses (Part III)
$502,833

Program services were 90.7% 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)

    $171,695

  • 2a · Program service revenue: Rental

    total $129,156 · related or exempt $129,156

  • 2b · Program service revenue: Laundry & Vending Reve

    total $2,794 · related or exempt $2,794

  • 3 · Investment income

    total $138 · excluded $138

  • 11a · Other revenue: Insurance Refund

    total $212,732 · excluded $212,732

  • 11e · Other revenue, total

    $212,732

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $55,120 · program services $51,172 · management and general $3,948

  • 9 · Other employee benefits

    total $8,083 · program services $7,275 · management and general $808

  • 10 · Payroll taxes

    total $20,931 · program services $18,838 · management and general $2,093

  • 11a · Fees: management

    total $22,692 · program services $20,423 · management and general $2,269

  • 11c · Fees: accounting

    total $11,760 · management and general $11,760

  • 13 · Office expenses

    total $29,676 · management and general $29,676

  • 20 · Interest

    total $22,415 · program services $22,415

  • 22 · Depreciation, depletion and amortization

    total $44,895 · program services $44,895

  • 23 · Insurance

    total $4,193 · program services $3,773 · management and general $420

  • 24a · Other expenses: Fire Repair Expenses

    total $227,609 · program services $227,609

  • 24b · Other expenses: Contracts

    total $44,513 · program services $44,513

  • 24c · Other expenses: Utilities expense

    total $38,215 · program services $38,215

  • 24d · Other expenses: Supplies

    total $17,177 · program services $17,177

  • 24e · All other expenses

    total $6,825 · program services $6,528 · management and general $297

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,459 · end of year $26,416

  • 4 · Accounts receivable

    beginning of year $176 · end of year $1,358

  • 8 · Inventories for sale or use

    beginning of year $681 · end of year $681

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,721 · end of year $7,804

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

    $1,952,416

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

    $1,570,601

  • 10c · Land, buildings and equipment, net

    beginning of year $426,709 · end of year $381,815

  • 14 · Intangible assets

    beginning of year $5,284 · end of year $3,992

  • 15 · Other assets

    beginning of year $237,482 · end of year $257,238

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,179 · end of year $58,071

  • 23 · Secured mortgages and notes payable

    beginning of year $636,359 · end of year $599,470

  • 25 · Other liabilities

    beginning of year $12,761 · end of year $13,139

  • 27 · Net assets without donor restrictions

    beginning of year $46,213 · end of year $8,624

Mission and programs · 2022

Mission

Housing for the elderly and disabled.

  • Alpha Properties, Inc. owns and operates a 40 unit apartment complex for the elderly and disabled under Section 202 of the National Housing Act.

    Expenses $502,833 · Revenue $131,950

As filed on the 2022 return.

Listed in Part VII

  • Doug Rump

    Chairman

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Ron Richard

    Vice-Chairman

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Doug Garner

    Secretary

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Frieda Rickerson

    Treasurer

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Erin Thomas

    Executive Director

    Total calculated
    $84,702
    From this org
    $0
    From related orgs
    $82,902
    Other
    $1,800
    Hours/week
    1 + 39 related

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
2022
Filed
1 July 2024
IRS schema version
2022v5.0
Source object
202441859349301454

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