Totals
- Total revenue
- $528,940
- Total expenses
- $467,883
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $521,390
- Investment income
- $7,550
- Other revenue
- $0
- Total assets, end of year
- $1,396,983
- Total liabilities, end of year
- $1,698,830
- Net assets or fund balances, end of year
- -$301,847
- Program services expenses (Part IX)
- $281,117
- Management and general expenses
- $186,766
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $281,117
Program services were 60.1% 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.
-
2a · Program service revenue: RENT REVENUE
total $459,049 · related or exempt $459,049
-
2b · Program service revenue: RESIDUAL RECEIPTS RECA
total $46,606 · related or exempt $46,606
-
2c · Program service revenue: CABLE REVENUE
total $8,590 · related or exempt $8,590
-
2d · Program service revenue: LAUNDRY REVENUE
total $6,807 · related or exempt $6,807
-
2e · Program service revenue: OTHER TENANT FEES
total $338 · related or exempt $338
-
3 · Investment income
total $5,050 · excluded $5,050
-
7a · Gross sales of assets other than inventory
other assets $2,500
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $2,500
-
7d · Net gain or loss
total $2,500 · related or exempt $2,500
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $67,936 · management and general $67,936
-
8 · Pension plan contributions
total $26 · program services $26
-
9 · Other employee benefits
total $264 · program services $264
-
10 · Payroll taxes
total $137 · program services $137
-
11a · Fees: management
total $23,613 · management and general $23,613
-
11c · Fees: accounting
total $8,834 · management and general $8,834
-
12 · Advertising and promotion
total $5,140 · management and general $5,140
-
13 · Office expenses
total $5,919 · management and general $5,919
-
14 · Information technology
total $3,015 · management and general $3,015
-
17 · Travel
total $2,450 · program services $2,450
-
20 · Interest
total $59,224 · management and general $59,224
-
22 · Depreciation, depletion and amortization
total $32,577 · program services $32,577
-
23 · Insurance
total $63,176 · program services $56,312 · management and general $6,864
-
24a · Other expenses: UTILITIES
total $86,104 · program services $81,053 · management and general $5,051
-
24b · Other expenses: REPAIR AND MAINTENANCE
total $60,622 · program services $60,622
-
24c · Other expenses: CONTRACTED SERVICES
total $39,956 · program services $39,956
-
24d · Other expenses: MISCELLANEOUS OPERATING
total $7,720 · program services $7,720
-
24e · All other expenses
total $1,170 · management and general $1,170
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $60,659 · end of year $9,319
-
4 · Accounts receivable
beginning of year $5,009 · end of year $1,603
-
9 · Prepaid expenses and deferred charges
beginning of year $27,095 · end of year $34,534
-
10a · Land, buildings and equipment: cost or other basis
$3,438,511
-
10b · Land, buildings and equipment: accumulated depreciation
$2,497,698
-
10c · Land, buildings and equipment, net
beginning of year $862,719 · end of year $940,813
-
15 · Other assets
beginning of year $433,944 · end of year $410,714
-
17 · Accounts payable and accrued expenses
beginning of year $247,223 · end of year $226,359
-
23 · Secured mortgages and notes payable
beginning of year $1,483,659 · end of year $1,450,818
-
25 · Other liabilities
beginning of year $21,448 · end of year $21,653
-
27 · Net assets without donor restrictions
beginning of year -$362,904 · end of year -$301,847
Mission and programs · 2023
Mission
RENTAL OF HUD SUBSIDIZED APARTMENT BUILDING
-
RENTAL AND MAINTENANCE OF HUD SUBSIDIZED APARTMENT BUILDING.
Expenses $281,117 · Revenue $523,890
As filed on the 2023 return.
Listed in Part VII
-
Karen StorckKAREN STORCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Amy BenkoAMY BENKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Paul NyquistPAUL NYQUIST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Carl SchoenowCARL SCHOENOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Ingrid DraperINGRID DRAPER
DIRECTOR (STARTED 1/1/24)
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Tom FocklerTOM FOCKLER
DIRECTOR (STARTED 1/1/24)
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Al NuechterleinAL NUECHTERLEIN
DIRECTOR (STARTED 1/1/24)
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Maureen TippenMAUREEN TIPPEN
DIRECTOR (STARTED 1/1/24)
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Andrea LoganANDREA LOGAN
SECRETARY (STARTED 1/1/24)
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Ritch CushwayRITCH CUSHWAY
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Pete BenderPETE BENDER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
Matt ReschMATT RESCH
CHAIR (STARTED 1/1/24)
- Total calculated
- $0
- Hours/week
- 1 + 0.2 related
-
David GehmDAVID GEHM
PRESIDENT/CEO
- Total calculated
- $0
- Hours/week
- 1 + 0.8 related
-
Timothy KalbfleischTIMOTHY KALBFLEISCH
SVP/CFO
- Total calculated
- $0
- Hours/week
- 1 + 0.8 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.
-
AUSABLE VALLEY CONTINUING CARE RETIREMENT COMMUNITY INC
501(C)(3) · NURSING CARE · MI · controlled entity
Directly controlled by AUSABLE VALLEY APARTMENTS INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403279349300900
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