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Nonprofiteer
← SPURWINK-RI

Form 990 for tax year 2022

Filed by SPURWINK-RI.

Totals

Total revenue
$140,837
Total expenses
$176,622
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$138,849
Investment income
$32
Other revenue
$1,956
Total assets, end of year
$1,174,371
Total liabilities, end of year
$1,417,838
Net assets or fund balances, end of year
-$243,467
Program services expenses (Part IX)
$176,622
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$176,622

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL SUBSIDIES

    total $104,585 · related or exempt $104,585

  • 2b · Program service revenue: TENANT RENTS

    total $34,264 · related or exempt $34,264

  • 3 · Investment income

    total $32 · excluded $32

  • 11a · Other revenue: MISCELLANEOUS

    total $1,956 · related or exempt $1,956

  • 11e · Other revenue, total

    $1,956

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,158 · program services $9,158

  • 11b · Fees: legal

    total $998 · program services $998

  • 11c · Fees: accounting

    total $8,100 · program services $8,100

  • 12 · Advertising and promotion

    total $245 · program services $245

  • 13 · Office expenses

    total $3,299 · program services $3,299

  • 22 · Depreciation, depletion and amortization

    total $38,918 · program services $38,918

  • 23 · Insurance

    total $8,656 · program services $8,656

  • 24a · Other expenses: SALARY REIMBURSEMENT

    total $26,005 · program services $26,005

  • 24b · Other expenses: RE TAXES

    total $21,955 · program services $21,955

  • 24c · Other expenses: CONDO FEES

    total $21,936 · program services $21,936

  • 24d · Other expenses: UTILITIES

    total $18,567 · program services $18,567

  • 24e · All other expenses

    total $18,785 · program services $18,785

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,676 · end of year $1,163

  • 4 · Accounts receivable

    beginning of year $1,337 · end of year $1,502

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35

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

    $1,570,800

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

    $472,360

  • 10c · Land, buildings and equipment, net

    beginning of year $1,132,228 · end of year $1,098,440

  • 15 · Other assets

    beginning of year $60,145 · end of year $73,266

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,835 · end of year $45,580

  • 19 · Deferred revenue

    beginning of year $626 · end of year $1,316

  • 23 · Secured mortgages and notes payable

    beginning of year $1,364,200 · end of year $1,364,200

  • 24 · Unsecured notes and loans payable

    beginning of year $3,939 · end of year $3,939

  • 25 · Other liabilities

    beginning of year $2,503 · end of year $2,803

  • 27 · Net assets without donor restrictions

    beginning of year -$207,682 · end of year -$243,467

Mission and programs · 2022

Mission

OWNERSHIP AND OPERATION OF 10 UNITS OF SUBSIDIZED HOUSING FOR DEVELOPMENTALLY DISABLED PERSONS

Activities or mission (Part I)

AFFORDABLE HOUSING FOR DISABLED INDIVIDUALS

  • OWNERSHIP AND OPERATION OF 10 UNITS OF SUBSIDIZED HOUSING FOR DEVELOPMENTALLY DISABLED PERSONS

    Expenses $176,622 · Revenue $140,805

As filed on the 2022 return.

Listed in Part VII

  • RAYMOND ARSENAULT

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • PAULA KRITICOS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • DENNIS CARVALHO

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DONNA MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN QUINLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MEDICI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID CELANI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT VILLUCI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVEN A COLANTUONO

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
26 February 2023
IRS schema version
2022v4.1
Source object
202300579349300300

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