Form 990 for tax year 2023
Filed by PARAGON RESIDENTIAL SOLUTIONSCORPORATION.
Totals
- Total revenue
- $122,079
- Total expenses
- $93,798
- Contributions and grants received
- $82,828
- Grants paid
- $0
- Program service revenue
- $8,039
- Investment income
- $5
- Other revenue
- $31,207
- Total assets, end of year
- $293,658
- Total liabilities, end of year
- $5,319
- Net assets or fund balances, end of year
- $288,339
- Program services expenses (Part IX)
- $39,970
- Management and general expenses
- $53,828
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $39,970
Program services were 42.6% 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.
-
1f · All other contributions, gifts and grants
$82,828
-
2a · Program service revenue: Other Income
total $8,039 · related or exempt $8,039
-
3 · Investment income
total $5 · related or exempt $5
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7c · Gain or loss
securities $0 · other assets $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Pass Thru Grant -Income
total $31,207 · related or exempt $31,207
-
11e · Other revenue, total
$31,207
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $8,763 · program services $8,763 · management and general $0
-
11a · Fees: management
total $5,097 · program services $0 · management and general $5,097
-
11c · Fees: accounting
total $100 · program services $0 · management and general $100
-
13 · Office expenses
total $8,857 · program services $0 · management and general $8,857
-
14 · Information technology
total $29 · program services $0 · management and general $29
-
22 · Depreciation, depletion and amortization
total $5,057 · program services $0 · management and general $5,057
-
24a · Other expenses: Gain/Loss on disposition of Asset
total $0 · program services $0 · management and general $0
-
24b · Other expenses: Other Administrative Expense
total $7,188 · program services $0 · management and general $7,188
-
24c · Other expenses: Property Expenses
total $27,500 · program services $0 · management and general $27,500
-
24d · Other expenses: Pass Thru Grant-Expenses
total $31,207 · program services $31,207 · management and general $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $72,643 · end of year $53,414
-
4 · Accounts receivable
end of year $31,490
-
9 · Prepaid expenses and deferred charges
beginning of year $59 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$217,652
-
10b · Land, buildings and equipment: accumulated depreciation
$8,898
-
10c · Land, buildings and equipment, net
beginning of year $196,699 · end of year $208,754
-
15 · Other assets
beginning of year $7,696
-
17 · Accounts payable and accrued expenses
beginning of year $18,533 · end of year $5,319
Mission and programs · 2023
Mission
Provide management and technical services for programs that include the rehabilitation and new construction of affordable housing and provide readiness assessment.
-
Provide management and technical services for programs that include the rehabilitation and new construction of affordable housing and provide readiness assessment.
Expenses $39,970 · Revenue $39,251
As filed on the 2023 return.
Listed in Part VII
-
Ronda L Bonekovic
President
- Total calculated
- $0
- Hours/week
- 0.04
-
Steven T Arnold
Vice-President
- Total calculated
- $0
- Hours/week
- 0.04
-
Anthony C Perrone
Secretary
- Total calculated
- $0
- Hours/week
- 0.04
-
William J Turner
Treasurer
- Total calculated
- $0
- Hours/week
- 0.04
-
Porscha Bell
Member
- Total calculated
- $0
- Hours/week
- 0.04
-
Gloria J Gray
Member
- Total calculated
- $0
- Hours/week
- 0.04
-
Doreen Edgerson
Member
- Total calculated
- $0
- Hours/week
- 0.04
-
Robert H Kempe
Member
- Total calculated
- $0
- Hours/week
- 0.04
-
Judith A Toles
Member
- Total calculated
- $0
- Hours/week
- 0.04
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
- 2023
- Filed
- 7 May 2024
- IRS schema version
- 2023v5.1
- Source object
- 202421859349300207
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