Totals
- Total revenue
- $273,851
- Total expenses
- $295,389
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $270,813
- Investment income
- $1,538
- Other revenue
- $1,500
- Total assets, end of year
- $991,740
- Total liabilities, end of year
- $1,350,532
- Net assets or fund balances, end of year
- -$358,792
- Program services expenses (Part IX)
- $281,433
- Management and general expenses
- $13,956
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $281,433
Program services were 95.3% 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: HOUSING ASSISTANCE SUB
total $156,413 · related or exempt $156,413
-
2b · Program service revenue: RENTAL INCOME
total $114,400 · related or exempt $114,400
-
3 · Investment income
total $1,538 · excluded $1,538
-
11a · Other revenue: LAUNDRY/VENDING INCOME
total $1,493 · excluded $1,493
-
11b · Other revenue: MISC INCOME
total $7 · excluded $7
-
11e · Other revenue, total
$1,500
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $23,133 · program services $23,133
-
9 · Other employee benefits
total $386 · program services $386
-
10 · Payroll taxes
total $1,858 · program services $1,858
-
11a · Fees: management
total $26,550 · program services $26,550
-
11c · Fees: accounting
total $9,360 · management and general $9,360
-
12 · Advertising and promotion
total $134 · program services $134
-
13 · Office expenses
total $7,334 · program services $5,521 · management and general $1,813
-
14 · Information technology
total $2,366 · management and general $2,366
-
16 · Occupancy
total $74,490 · program services $74,490
-
20 · Interest
total $17,175 · program services $17,175
-
22 · Depreciation, depletion and amortization
total $49,705 · program services $49,705
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $53,560 · program services $53,560
-
24b · Other expenses: GROUNDS
total $12,625 · program services $12,625
-
24c · Other expenses: EXTERMINATING CONTRACT
total $8,746 · program services $8,746
-
24d · Other expenses: MISC. OPERATING & ADMIN
total $6,276 · program services $5,966 · management and general $310
-
24e · All other expenses
total $1,691 · program services $1,584 · management and general $107
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $65,410 · end of year $55,660
-
2 · Savings and temporary cash investments
beginning of year $82,151 · end of year $93,768
-
4 · Accounts receivable
end of year $150
-
9 · Prepaid expenses and deferred charges
beginning of year $2,196 · end of year $2,200
-
10a · Land, buildings and equipment: cost or other basis
$1,952,763
-
10b · Land, buildings and equipment: accumulated depreciation
$1,289,872
-
10c · Land, buildings and equipment, net
beginning of year $712,547 · end of year $662,891
-
14 · Intangible assets
beginning of year $1,143 · end of year $1,094
-
15 · Other assets
beginning of year $157,984 · end of year $175,977
-
17 · Accounts payable and accrued expenses
beginning of year $14,006 · end of year $13,310
-
23 · Secured mortgages and notes payable
beginning of year $1,335,583 · end of year $1,312,255
-
25 · Other liabilities
beginning of year $21,024 · end of year $24,967
-
27 · Net assets without donor restrictions
beginning of year -$349,182 · end of year -$358,792
Mission and programs · 2023
Mission
OPERATE A RENTAL HOUSING FACILITY FOR LOW-INCOME, ELDERLY TENANTS AS DEFINED BY RD REGULATIONS AND GUIDELINES. ALL GRANT FUNDS RECEIVED WERE USED FOR THE OPERATION OF THE 30 UNIT APARTMENT COMPLEX.
-
OPERATE A RENTAL HOUSING FACILITY FOR LOW-INCOME, ELDERLY TENANTS AS DEFINED BY RD REGULATIONS AND GUILDELINES. ALL GRANT FUNDS RECEIVED WERE USED FOR THE OPERATION OF THE 30 UNIT APARTMENT COMPLEX.
Expenses $281,433 · Revenue $270,813
As filed on the 2023 return.
Listed in Part VII
-
Mrs Suzanne BeamerMRS SUZANNE BEAMER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Wendy DayMS WENDY DAY
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Mary K DavisMS MARY K DAVIS
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Lynne MitchellMS LYNNE MITCHELL
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Rebecca CrupMS REBECCA CRUP
MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
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
- 16 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432119349301258
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