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← MISSION SPRINGS HOUSING FOR THE ELDERLY INC

Form 990 for tax year 2022

Filed by MISSION SPRINGS HOUSING FOR THE ELDERLY INC.

Totals

Total revenue
$900,292
Total expenses
$901,010
Contributions and grants received
$478,496
Grants paid
$0
Program service revenue
$409,040
Investment income
$1,608
Other revenue
$11,148
Total assets, end of year
$4,133,267
Total liabilities, end of year
$671,373
Net assets or fund balances, end of year
$3,461,894
Program services expenses (Part IX)
$812,748
Management and general expenses
$88,262
Fundraising expenses
$0
Program service expenses (Part III)
$812,748

Program services were 90.2% 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.

  • 1e · Government grants (contributions)

    $478,496

  • 2a · Program service revenue: TENANT RENTS

    total $409,040 · related or exempt $409,040

  • 3 · Investment income

    total $1,608 · excluded $1,608

  • 11a · Other revenue: LAUNDRY & VENDING

    total $10,733 · related or exempt $10,733

  • 11b · Other revenue: TENANT CHARGES

    total $415 · related or exempt $415

  • 11e · Other revenue, total

    $11,148

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $75,109 · management and general $75,109

  • 11b · Fees: legal

    total $363 · program services $363

  • 11c · Fees: accounting

    total $13,153 · management and general $13,153

  • 11g · Fees: other

    total $175,152 · program services $175,152

  • 13 · Office expenses

    total $35,959 · program services $35,959

  • 16 · Occupancy

    total $333,649 · program services $333,649

  • 20 · Interest

    total $185 · program services $185

  • 22 · Depreciation, depletion and amortization

    total $194,540 · program services $194,540

  • 24a · Other expenses: SERVICE EXPENSES

    total $72,613 · program services $72,613

  • 24b · Other expenses: MISC TAXES, LICENSES, P

    total $287 · program services $287

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,321 · end of year $8,350

  • 4 · Accounts receivable

    beginning of year $1,668 · end of year $60,241

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,004 · end of year $35,086

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

    $7,741,181

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

    $4,514,366

  • 10c · Land, buildings and equipment, net

    beginning of year $3,366,896 · end of year $3,226,815

  • 15 · Other assets

    beginning of year $667,714 · end of year $802,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $78,848 · end of year $132,538

  • 19 · Deferred revenue

    beginning of year $3,139 · end of year $4,025

  • 21 · Escrow or custodial account liability

    beginning of year $33,004 · end of year $34,810

  • 23 · Secured mortgages and notes payable

    beginning of year $500,000 · end of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $3,462,612 · end of year $3,461,894

Mission and programs · 2022

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY.

Activities or mission (Part I)

PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY

  • TO PURCHASE, REHABILITATE, OWN AND OPERATE 75 UNITS OF AFFORDABLE HOUSING FOR ELDERLY PERSONS OF LOW INCOME IN HOLLISTON, MA.

    Expenses $812,748 · Revenue $420,188

As filed on the 2022 return.

Listed in Part VII

  • Allen Goldberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Jeffrey Leland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • John Doherty

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Jonathan Juhl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Martha Cummings

    DIRECTOR/CLERK

    Total calculated
    $0
    Hours/week
    0.2

  • Suzanne Shannahan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.2

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
2022
Filed
11 July 2024
IRS schema version
2022v5.0
Source object
202421939349301757

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