Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $69,858

• 2a · Program service revenue: RESIDENT SERVICES

  total $2,004,875 · related or exempt $2,004,875

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $14,360 · excluded $14,360

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: MISC. REVENUE

  total $401 · related or exempt $401

• 11b · Other revenue: BEAUTY/BARBERSHOP INCOME

  total $325 · related or exempt $325

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $726

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $1,302,094 · program services $1,236,989 · management and general $65,105

• 9 · Other employee benefits

  total $74,978 · program services $71,229 · management and general $3,749

• 10 · Payroll taxes

  total $66,837 · program services $63,495 · management and general $3,342

• 11b · Fees: legal

  total $1,782 · management and general $1,782

• 11c · Fees: accounting

  total $17,412 · management and general $17,412

• 11g · Fees: other

  total $129,920 · program services $97,440 · management and general $32,480 · fundraising $0

• 12 · Advertising and promotion

  total $4,370 · management and general $4,370

• 13 · Office expenses

  total $148,852 · program services $74,426 · management and general $74,426

• 14 · Information technology

  total $2,458 · program services $2,458

• 16 · Occupancy

  total $154,569 · program services $154,569

• 17 · Travel

  total $6,177 · management and general $6,177

• 20 · Interest

  total $330,113 · program services $330,113

• 22 · Depreciation, depletion and amortization

  total $250,650 · program services $250,650

• 23 · Insurance

  total $20,389 · management and general $20,389

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $23,270 · program services $23,270

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $4,300 · program services $4,300

• 24c · Other expenses: LICENSES & FEES

  total $2,525 · management and general $2,525

• 24d · Other expenses: LAUNDRY & LINEN

  total $1,741 · program services $1,741

• 24e · All other expenses

  total $71 · program services $63 · management and general $8 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $35,112 · end of year $68,482

• 2 · Savings and temporary cash investments

  beginning of year $1,357,079 · end of year $1,371,437

• 4 · Accounts receivable

  beginning of year $28,495 · end of year $70,889

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $8,771

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

  $7,667,247

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

  $1,572,335

• 10c · Land, buildings and equipment, net

  beginning of year $6,341,367 · end of year $6,094,912

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $465,388 · end of year $191,396

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $4,877,695 · end of year $4,674,001

• 25 · Other liabilities

  beginning of year $1,758,143 · end of year $2,540,956

• 27 · Net assets without donor restrictions

  beginning of year $660,827 · end of year $208,138

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

THIS ENTITY RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION FOR THE PRESIDENT/CEO: 1.) COMPENSATION SURVEY OR STUDY 2.) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Related corporations and trusts

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

• GREENCROFT MANAGEMENT INC

  C Corporation · MANAGEMENT · IN · 0% owned · share of income $0 · share of assets $0

  Directly controlled by NA