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Nonprofiteer
← WATERTOWER SOUTH INC

Form 990 for tax year 2022

Filed by WATERTOWER SOUTH INC.

Totals

Total revenue
$88,165
Total expenses
$196,753
Contributions and grants received
$38,287
Grants paid
$0
Program service revenue
$49,845
Investment income
$33
Other revenue
$0
Total assets, end of year
$1,722,128
Total liabilities, end of year
$119,131
Net assets or fund balances, end of year
$1,602,997
Program services expenses (Part IX)
$175,527
Management and general expenses
$21,226
Fundraising expenses
$0
Program service expenses (Part III)
$175,527

Program services were 89.2% 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)

    $38,287

  • 2a · Program service revenue: NET RENTAL INCOME

    total $49,845 · related or exempt $49,845

  • 3 · Investment income

    total $33 · excluded $33

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,690 · management and general $8,690

  • 11c · Fees: accounting

    total $10,869 · management and general $10,869

  • 11g · Fees: other

    total $4,558 · program services $4,558

  • 13 · Office expenses

    total $6,819 · program services $5,152 · management and general $1,667

  • 14 · Information technology

    total $911 · program services $911

  • 16 · Occupancy

    total $41,787 · program services $41,787

  • 22 · Depreciation, depletion and amortization

    total $57,057 · program services $57,057

  • 23 · Insurance

    total $13,136 · program services $13,136

  • 24a · Other expenses: OTHER EXPENSE

    total $52,926 · program services $52,926

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $76,685 · end of year $65,197

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,378 · end of year $8,061

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

    $2,355,769

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

    $709,507

  • 10c · Land, buildings and equipment, net

    beginning of year $1,703,319 · end of year $1,646,262

  • 15 · Other assets

    beginning of year $2,369 · end of year $2,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,339 · end of year $111,784

  • 19 · Deferred revenue

    beginning of year $4,458 · end of year $4,739

  • 25 · Other liabilities

    beginning of year $2,369 · end of year $2,608

  • 27 · Net assets without donor restrictions

    beginning of year $1,711,585 · end of year $1,602,997

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING.

Activities or mission (Part I)

TO PROVIDE LOW INCOME HOUSING

  • LOW INCOME HOUSING WAS PROVIDED FOR RESIDENTS OF GROUP HOMES FOR THE MENTALLY ILL.

    Expenses $175,527 · Revenue $49,845

As filed on the 2022 return.

Listed in Part VII

  • DANIEL KLEIN

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • CAROL DRASGA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • CARLA HOUCK

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • TERRENCE QUINN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • DANNY LACKEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • DR AMY HAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • LINDA JONAITIS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • GINA JONES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • DONALD LEVINSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • THOMAS O'DONNELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • JONATHAN PETERSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • MADRIEL TERRELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • HERBERT CRUZ JR

    BOARD MEMBER PARTIAL TERM

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • LENARD FULLER

    BOARD MEMBER PARTIAL TERM

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • JUDITH K SIKORA

    EX-OFFICIO & GEMINUS CFO

    Total calculated
    $244,799
    From this org
    $0
    From related orgs
    $198,210
    Other
    $46,589
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,699 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $511 related
    Deferred
    $0 + $19,017 related
    Nontaxable benefits
    $0 + $27,572 related
    Filer's total
    $0 + $244,799 related

  • WILLIAM TROWBRIDGE

    EX-OFFICIO & REGIONAL CEO

    Total calculated
    $321,051
    From this org
    $0
    From related orgs
    $257,868
    Other
    $63,183
    Hours/week
    2 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,530 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $7,338 related
    Deferred
    $0 + $27,035 related
    Nontaxable benefits
    $0 + $36,148 related
    Filer's total
    $0 + $321,051 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2022
Filed
6 May 2024
IRS schema version
2022v5.0
Source object
202421289349301302

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