Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $219,129

• 2a · Program service revenue: Rent revenue

  total $84,827 · related or exempt $84,827

• 2b · Program service revenue: Other Program Revenue

  total $2,920 · related or exempt $2,920

• 3 · Investment income

  total $2,972 · related or exempt $2,972

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $126,898 · program services $126,898

• 10 · Payroll taxes

  total $9,152 · program services $9,152

• 11c · Fees: accounting

  total $8,500 · management and general $8,500

• 13 · Office expenses

  total $2,511 · program services $2,511

• 16 · Occupancy

  total $30,336 · program services $30,336

• 20 · Interest

  total $48,518 · program services $48,518

• 22 · Depreciation, depletion and amortization

  total $80,209 · program services $80,209

• 23 · Insurance

  total $17,010 · program services $17,010

• 24a · Other expenses: Repairs and maintenance

  total $18,556 · program services $18,556

• 24b · Other expenses: Telephone

  total $14,136 · program services $14,136

• 24c · Other expenses: Supplies

  total $13,926 · program services $13,926

• 24d · Other expenses: Contract services

  total $12,525 · program services $12,525

• 24e · All other expenses

  total $5,118 · program services $2,764 · management and general $2,354

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,388

• 4 · Accounts receivable

  beginning of year $13,098 · end of year $14,855

• 9 · Prepaid expenses and deferred charges

  end of year $158

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

  $1,761,290

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

  $902,724

• 10c · Land, buildings and equipment, net

  beginning of year $938,775 · end of year $858,566

• 15 · Other assets

  beginning of year $137,175 · end of year $165,288

• 17 · Accounts payable and accrued expenses

  beginning of year $96,876 · end of year $126,874

• 25 · Other liabilities

  beginning of year $1,274,517 · end of year $1,266,497

• 27 · Net assets without donor restrictions

  beginning of year -$388,759 · end of year -$513,860

• 28 · Net assets with donor restrictions

  beginning of year $111,802 · end of year $159,356

The filer's explanations (Part III)

Part I, Line 3

Compensation process for the official the board of directors retains the authority to hire, employ and compensate the chief executive, and has authorized the executive committee to determine compensation and evaluating the chief executive with input from all board members. This committee will review compensation practices and performance of the chief executive and will report its determinations to the full board. This is accomplished as follows: 1. Establish and periodically review the agency's chief executive compensation philosophy to ensure that the policy appropriatelly supports the agency's purpose, mission, attracts and retains the chief executive at a reasonable cost, and enhances the mission and purpose of the organization. 2. Act on behalf of the board in setting the chief executive's compensation base salary level, bonuses, and other fringe benefits in relationship to performance evaluations. 3.Assessing the basis for which compensation is paid to the chief executive unique background, experience, years of service, personal skills, exceptional performance, additional duties and abilities, and challenges facing the organization that requirethe use of such attributes or skills. 4. Obtaining appropriate and compareable compensation market data, which may include data from the following: a) similarly situated organizations, both for-profit and tax-exempt, for functionally compareable positions, b) the availability of similar specialties in the geographic area, c) independent compensation surveys. 5. Document the basis for the compensation, including performance evaluations and market data. 6. The committee will keep abreast of new or revised IRS regulations regarding executive compensation and reporting.