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Nonprofiteer
← MCHENRY COUNTY COMMUNITY HOMES INC

Form 990 for tax year 2023

Filed by MCHENRY COUNTY COMMUNITY HOMES INC.

Totals

Total revenue
$360,404
Total expenses
$383,752
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$352,893
Investment income
$7,511
Other revenue
$0
Total assets, end of year
$1,740,334
Total liabilities, end of year
$2,029,833
Net assets or fund balances, end of year
-$289,499
Program services expenses (Part IX)
$326,544
Management and general expenses
$57,208
Fundraising expenses
$0
Program service expenses (Part III)
$326,544

Program services were 85.1% 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: APARTMENT RENTALS

    total $343,240 · related or exempt $343,240

  • 2b · Program service revenue: OTHER

    total $9,653 · related or exempt $9,653

  • 3 · Investment income

    total $7,511 · excluded $7,511

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $77,804 · program services $62,027 · management and general $15,777

  • 11a · Fees: management

    total $28,892 · management and general $28,892

  • 11b · Fees: legal

    total $339 · management and general $339

  • 11c · Fees: accounting

    total $12,200 · management and general $12,200

  • 13 · Office expenses

    total $7,966 · program services $7,966

  • 16 · Occupancy

    total $119,613 · program services $119,613

  • 22 · Depreciation, depletion and amortization

    total $84,759 · program services $84,759

  • 23 · Insurance

    total $44,322 · program services $44,322

  • 24a · Other expenses: BAD DEBTS

    total $7,857 · program services $7,857

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,620 · end of year $49,380

  • 2 · Savings and temporary cash investments

    beginning of year $27,168 · end of year $27,174

  • 4 · Accounts receivable

    beginning of year $10,002 · end of year $11,993

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,115 · end of year $12,193

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

    $3,559,941

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

    $2,146,006

  • 10c · Land, buildings and equipment, net

    beginning of year $1,483,972 · end of year $1,413,935

  • 15 · Other assets

    beginning of year $218,050 · end of year $225,659

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,000 · end of year $11,000

  • 19 · Deferred revenue

    beginning of year $24,545 · end of year $22,507

  • 21 · Escrow or custodial account liability

    beginning of year $23,666 · end of year $23,982

  • 23 · Secured mortgages and notes payable

    beginning of year $2,033,867 · end of year $1,972,344

  • 27 · Net assets without donor restrictions

    beginning of year -$266,151 · end of year -$289,499

Mission and programs · 2023

Mission

MCHENRY COUNTY COMMUNITY HOMES OPERATES AN APARTMENT COMPLEX WHICH INCLUDES 44 ONE AND TWO BEDROOM UNITS WITH 42 RESERVED FOR LOW TO VERY LOW INCOME TENANTS AND 21 OF THOSE UNITS ALSO LIMITED TO PERSONS WITH DISABILITIES

Activities or mission (Part I)

TO OPERATE AN APARTMENT COMPLEX FOR LOW TO VERY LOW INCOME TENANTS AND PERSONS WITH DISABILITIES

  • OPERATES AN APARTMENT COMPLEX WHICH INCLUDES 44 ONE AND TWO BEDROOM UNITS WITH 42 RESERVED FOR LOW TO VERY LOW INCOME TENANTS AND 21 OF THOSE UNITS ALSO LIMITED TO PERSONS WITH DISABILITIES

    Expenses $326,544 · Revenue $352,893

As filed on the 2023 return.

Listed in Part VII

  • William Sholten

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard Koenig

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Rodriguez

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 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
2023
Filed
17 June 2024
IRS schema version
2023v5.1
Source object
202431769349300418

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