Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $70,031

• 2a · Program service revenue: TENANT RENTAL INCOME

  total $52,650 · related or exempt $52,650

• 3 · Investment income

  total $847 · excluded $847

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $6,931 · management and general $6,931

• 11c · Fees: accounting

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

• 11g · Fees: other

  total $22,067 · program services $22,067

• 13 · Office expenses

  total $106 · management and general $106

• 16 · Occupancy

  total $114,014 · program services $114,014

• 22 · Depreciation, depletion and amortization

  total $27,088 · program services $27,088

• 24a · Other expenses: BAD DEBT

  total $10,752 · management and general $10,752

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $61,822 · end of year $11,549

• 4 · Accounts receivable

  beginning of year $19,056 · end of year $14,684

• 9 · Prepaid expenses and deferred charges

  beginning of year $70 · end of year $0

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

  $1,055,511

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

  $580,856

• 10c · Land, buildings and equipment, net

  beginning of year $427,873 · end of year $474,655

• 15 · Other assets

  beginning of year $75,460 · end of year $23,866

• 17 · Accounts payable and accrued expenses

  beginning of year $157,599 · end of year $163,807

• 19 · Deferred revenue

  beginning of year $6,158 · end of year $6,318

• 21 · Escrow or custodial account liability

  beginning of year $2,452 · end of year $2,487

• 23 · Secured mortgages and notes payable

  beginning of year $250,536 · end of year $250,536

• 27 · Net assets without donor restrictions

  beginning of year $167,536 · end of year $101,606

The filer's explanations (Part III)

PART I, LINE 3

ALL EMPLOYEES WERE COMPENSATED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE FISCAL YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 4B

THE COMPENSATING ORGANIZATION HAS SPLIT DOLLAR LIFE POLICIES FOR CERTAIN EMPLOYEES. THE FOLLOWING EMPLOYEES LISTED ON SCHEDULE 990 PART VII SECTION A HAVE ADDITIONAL COMPENSATION INCLUDED IN THEIR W-2 WAGES FOR THE CALENDAR YEAR 2022 IN THE FOLLOWING AMOUNTS: KERRY J. OLLEN - $17,334 NANCY MAHAN - $53,953 JAMES LAPRADE - $30,560