Totals
- Total revenue
- $746,545
- Total expenses
- $648,454
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $745,076
- Investment income
- $312
- Other revenue
- $1,157
- Total assets, end of year
- $851,845
- Total liabilities, end of year
- $1,577,245
- Net assets or fund balances, end of year
- -$725,400
- Program services expenses (Part IX)
- $614,538
- Management and general expenses
- $33,916
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $614,538
Program services were 94.8% 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 INCOME
total $740,115 · related or exempt $740,115
-
2b · Program service revenue: TENANT CHARGES
total $2,653 · related or exempt $2,653
-
2c · Program service revenue: LAUNDRY AND VENDING
total $2,308 · related or exempt $2,308
-
3 · Investment income
total $312 · excluded $312
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $1,157 · excluded $1,157
-
11e · Other revenue, total
$1,157
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $28,080 · program services $28,080
-
11b · Fees: legal
total $15 · management and general $15
-
11c · Fees: accounting
total $14,405 · management and general $14,405
-
11g · Fees: other
total $224,446 · program services $209,086 · management and general $15,360
-
12 · Advertising and promotion
total $7,054 · program services $7,054
-
13 · Office expenses
total $23,835 · program services $19,699 · management and general $4,136
-
14 · Information technology
total $4,149 · program services $4,149
-
16 · Occupancy
total $194,440 · program services $194,440
-
17 · Travel
total $946 · program services $946
-
20 · Interest
total $53,392 · program services $53,392
-
22 · Depreciation, depletion and amortization
total $17,196 · program services $17,196
-
23 · Insurance
total $7,097 · program services $7,097
-
24a · Other expenses: MAINTENANCE
total $61,769 · program services $61,769
-
24b · Other expenses: SOCIAL SERVICES
total $11,425 · program services $11,425
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $205 · program services $205
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $100 · end of year $100
-
2 · Savings and temporary cash investments
beginning of year $68,096 · end of year $56,139
-
4 · Accounts receivable
beginning of year $11 · end of year $3,234
-
9 · Prepaid expenses and deferred charges
beginning of year $32,451 · end of year $39,918
-
10a · Land, buildings and equipment: cost or other basis
$2,572,000
-
10b · Land, buildings and equipment: accumulated depreciation
$2,286,605
-
10c · Land, buildings and equipment, net
beginning of year $294,197 · end of year $285,395
-
15 · Other assets
beginning of year $413,148 · end of year $467,059
-
17 · Accounts payable and accrued expenses
beginning of year $61,877 · end of year $70,102
-
19 · Deferred revenue
beginning of year $898 · end of year $3,013
-
23 · Secured mortgages and notes payable
beginning of year $1,549,312 · end of year $1,484,495
-
25 · Other liabilities
beginning of year $19,407 · end of year $19,635
-
27 · Net assets without donor restrictions
beginning of year -$823,491 · end of year -$725,400
Mission and programs · 2024
Mission
LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS
Activities or mission (Part I)
OWN AND OPERATE LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS
-
THE ORGANIZATION OPERATES LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS. THE FACILITY CONSISTS OF 45 UNITS AND IS REGULATED BY HUD.
Expenses $614,538 · Revenue $745,076
As filed on the 2024 return.
Listed in Part VII
-
James DavisJAMES DAVIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Charles SeeleyCHARLES SEELEY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Susan J FassolesSUSAN J FASSOLES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Thomas E BurgeTHOMAS E BURGE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Alfred GrzeschikALFRED GRZESCHIK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John P SchermesserJOHN P SCHERMESSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vicki KepnesVICKI KEPNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Steve HessSTEVE HESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jon VielhaberJON VIELHABER
TRUSTEE
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202611349349302696
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