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Nonprofiteer
← JOHN L RANKIN SENIOR LIVING INC

Form 990 for tax year 2023

Filed by JOHN L RANKIN SENIOR LIVING INC.

Totals

Total revenue
$112,889
Total expenses
$150,285
Contributions and grants received
$33,896
Grants paid
$0
Program service revenue
$78,915
Investment income
$78
Other revenue
$0
Total assets, end of year
$1,067,217
Total liabilities, end of year
$1,324,906
Net assets or fund balances, end of year
-$257,689
Program services expenses (Part IX)
$120,406
Management and general expenses
$29,879
Fundraising expenses
$0
Program service expenses (Part III)
$120,406

Program services were 80.1% 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.

  • 1e · Government grants (contributions)

    $33,896

  • 2a · Program service revenue: RENTAL REVENUE

    total $77,599 · related or exempt $77,599

  • 2b · Program service revenue: LAUNDRY REVENUE

    total $1,316 · related or exempt $1,316

  • 3 · Investment income

    total $78 · excluded $78

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,689 · program services $6,689

  • 9 · Other employee benefits

    total $78 · program services $78

  • 10 · Payroll taxes

    total $512 · program services $512

  • 11a · Fees: management

    total $13,851 · management and general $13,851

  • 11c · Fees: accounting

    total $16,028 · management and general $16,028

  • 13 · Office expenses

    total $3,800 · program services $3,800

  • 16 · Occupancy

    total $57,808 · program services $57,808

  • 22 · Depreciation, depletion and amortization

    total $36,719 · program services $36,719

  • 23 · Insurance

    total $5,519 · program services $5,519

  • 24a · Other expenses: ADMINISTRATIVE RENT FRE

    total $6,000 · program services $6,000

  • 24b · Other expenses: MISCELLANEOUS

    total $3,281 · program services $3,281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,747 · end of year $4,768

  • 2 · Savings and temporary cash investments

    beginning of year $93,531 · end of year $86,859

  • 4 · Accounts receivable

    beginning of year $225 · end of year $0

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

    $1,558,662

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

    $583,072

  • 10c · Land, buildings and equipment, net

    beginning of year $1,006,809 · end of year $975,590

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,324 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,319,006 · end of year $1,319,006

  • 25 · Other liabilities

    beginning of year $5,275 · end of year $5,900

  • 27 · Net assets without donor restrictions

    beginning of year -$220,293 · end of year -$257,689

Mission and programs · 2023

Mission

HOUSING FOR LOW INCOME SENIOR RESIDENTS

  • HOUSING FOR LOW INCOME SENIOR RESIDENTS

    Expenses $120,406 · Revenue $78,915

As filed on the 2023 return.

Listed in Part VII

  • Luke Duffield

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Scott Van Horn

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Jim Ed Gibson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Chance Stines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Brock Langford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Craig Cloud

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $0
    Hours/week
    0

  • Debbie Brown

    EVP OF FINANCE

    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
2023
Filed
10 March 2025
IRS schema version
2023v6.0
Source object
202530699349300423

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