Form 990 for tax year 2022
Filed by NEARY LAGOON SENIOR HOUSING INC.
Totals
- Total revenue
- $932,418
- Total expenses
- $635,388
- Contributions and grants received
- $769,714
- Grants paid
- $0
- Program service revenue
- $155,977
- Investment income
- $6,727
- Other revenue
- $0
- Total assets, end of year
- $2,381,143
- Total liabilities, end of year
- $1,516,141
- Net assets or fund balances, end of year
- $865,002
- Program services expenses (Part IX)
- $609,871
- Management and general expenses
- $25,517
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $609,871
Program services were 96.0% 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.
-
1e · Government grants (contributions)
$769,714
-
2a · Program service revenue: Insurance Claim
total $5,780 · related or exempt $5,780
-
2b · Program service revenue: Laundry and Tenant Charge
total $1,719 · related or exempt $1,719
-
2c · Program service revenue: Refund
total $5,048 · related or exempt $5,048
-
2d · Program service revenue: Rents
total $143,430 · related or exempt $143,430
-
3 · Investment income
total $6,727 · excluded $6,727
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $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 $69,902 · program services $65,009 · management and general $4,893
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $24,537 · program services $22,819 · management and general $1,718
-
10 · Payroll taxes
total $6,141 · program services $5,711 · management and general $430
-
11a · Fees: management
total $53,159 · program services $53,159
-
11b · Fees: legal
total $3,717 · management and general $3,717
-
11c · Fees: accounting
total $15,685 · program services $15,685
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $39 · program services $39
-
13 · Office expenses
total $12,637 · program services $12,005 · management and general $632
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,258 · management and general $1,258
-
20 · Interest
total $70,059 · program services $66,556 · management and general $3,503
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $101,249 · program services $96,187 · management and general $5,062
-
23 · Insurance
total $24,071 · program services $22,867 · management and general $1,204
-
24a · Other expenses: Repair and maintenance
total $145,382 · program services $145,382
-
24b · Other expenses: Utilities
total $51,222 · program services $48,661 · management and general $2,561
-
24c · Other expenses: Miscellaneous Admin. Expense
total $18,773 · program services $18,773
-
24d · Other expenses: Trash Removal
total $16,218 · program services $16,218
-
24e · All other expenses
total $21,339 · program services $20,800 · management and general $539
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $470,971 · end of year $476,439
-
2 · Savings and temporary cash investments
beginning of year $14,676 · end of year $14,712
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $18,655 · end of year $1,750
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $21,710 · end of year $26,291
-
10a · Land, buildings and equipment: cost or other basis
$3,498,204
-
10b · Land, buildings and equipment: accumulated depreciation
$2,072,050
-
10c · Land, buildings and equipment, net
beginning of year $1,527,402 · end of year $1,426,154
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $927,155 · end of year $435,797
-
17 · Accounts payable and accrued expenses
beginning of year $98,807 · end of year $29,996
-
23 · Secured mortgages and notes payable
beginning of year $1,794,233 · end of year $1,335,353
-
25 · Other liabilities
beginning of year $519,557 · end of year $150,792
-
27 · Net assets without donor restrictions
beginning of year -$357,308 · end of year $431,080
-
28 · Net assets with donor restrictions
beginning of year $925,280 · end of year $433,922
Mission and programs · 2022
Mission
The Organization's mission is to provide senior housing for low-income seniors and handicapped person in the area of Santa Cruz, California.
-
The Organization operates a senior housing project, consisting of 35 units subsidized by HUD, located in the City of Santa Cruz, California.
Expenses $609,871
As filed on the 2022 return.
Listed in Part VII
-
Darryl Searuggs
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Charles Buck
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Leslie Taylor
President
- Total calculated
- $0
- Hours/week
- 1
-
Connie Inglish
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
John Jinseok Cheon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jayna Powell
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.
-
501(c)(3) · To provide affordable quality housing · CA · controlled entity
Directly controlled by Christian Church Homes
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349304240
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