Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL INCOME FROM AFFILIATES

  total $4,573,629 · related or exempt $4,573,629

• 3 · Investment income

  total $38 · excluded $38

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $4,794,879

• 6b · Less rental expenses

  real property $3,899,085

• 6c · Rental income or loss

  real property $895,794 · personal property $0

• 6d · Net rental income or loss

  total $895,794 · unrelated business $227,129 · excluded $668,665

• 7d · Net gain or loss

  total $0

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: CONFERENCE SERVICE INCOME

  total $84,805 · related or exempt $34,563 · unrelated business $50,242

• 11b · Other revenue: MISCELLANEOUS

  total $241,515 · excluded $241,515

• 11e · Other revenue, total

  $326,320

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 $0

• 8 · Pension plan contributions

  total $0

• 9 · Other employee benefits

  total $0

• 10 · Payroll taxes

  total $0

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $0

• 11c · Fees: accounting

  total $0

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $1,435

• 11g · Fees: other

  total $0

• 12 · Advertising and promotion

  total $11,090

• 13 · Office expenses

  total $42,917

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $3,140,047

• 17 · Travel

  total $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $587,158

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,676,696

• 23 · Insurance

  total $59,076

• 24a · Other expenses: ADMIN SALARIES & PR TAXES

  total $26,510

• 24b · Other expenses: MISCELLANEOUS

  total $17,157

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $3,974,653 · end of year $4,650,297

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $645,881 · end of year $623,434

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $39,862 · end of year $40,944

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

  $115,660,097

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

  $51,098,992

• 10c · Land, buildings and equipment, net

  beginning of year $65,711,247 · end of year $64,561,105

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $3,252,124 · end of year $2,390,488

• 17 · Accounts payable and accrued expenses

  beginning of year $909,793 · end of year $1,623,932

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $551,333 · end of year $522,246

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $33,062,924 · end of year $31,353,072

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $39,099,717 · end of year $38,767,018

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3 - METHOD FOR ESTABLISHING COMPENSATION:

THE TOP MANAGEMENT OFFICIAL IS UNCOMPENSATED BY THE REPORTING ORGANIZATION. THE REPORTING ORGANIZATION RELIES ON A RELATED ORGANIZATION (SEIU) TO ESTABLISH THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL. SEIU uses comparable data, an independent compensation consultant and approval by the compensation committee & board in its process of establishing officers compensation.

PART I, LINE 4A: SEVERANCE PAYMENT

In 2024, Mary Kay Henry received a severance payment of $33,118, which was reported as taxable income on her 2024 W-2 form from Service Employees International Union.