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Nonprofiteer
← WAVERLY RESIDENCE INC

Form 990 for tax year 2022

Filed by WAVERLY RESIDENCE INC.

Totals

Total revenue
$159,260
Total expenses
$97,769
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$72,432
Investment income
$1,828
Other revenue
$85,000
Total assets, end of year
$418,087
Total liabilities, end of year
$598,516
Net assets or fund balances, end of year
-$180,429
Program services expenses (Part IX)
$85,644
Management and general expenses
$12,125
Fundraising expenses
$0
Program service expenses (Part III)
$85,644

Program services were 87.6% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $72,432 · related or exempt $72,432

  • 3 · Investment income

    total $1,828 · excluded $1,828

  • 11a · Other revenue: CANCELLATION OF DEBT I

    total $85,000 · related or exempt $85,000

  • 11e · Other revenue, total

    $85,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $5,039 · management and general $5,039

  • 11c · Fees: accounting

    total $6,288 · management and general $6,288

  • 13 · Office expenses

    total $6,021 · program services $6,021

  • 16 · Occupancy

    total $22,276 · program services $22,276

  • 22 · Depreciation, depletion and amortization

    total $14,206 · program services $14,206

  • 23 · Insurance

    total $17,686 · program services $17,686

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $17,663 · program services $17,663

  • 24b · Other expenses: EXCESS RESIDUAL RECEIPT

    total $7,742 · program services $7,742

  • 24c · Other expenses: MISCELLANEOUS ADMINISTR

    total $738 · management and general $738

  • 24d · Other expenses: BANK SERVICE CHARGES

    total $60 · management and general $60

  • 24e · All other expenses

    total $50 · program services $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,126 · end of year $9,082

  • 4 · Accounts receivable

    beginning of year $10,342 · end of year $9,909

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,425 · end of year $377

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

    $622,669

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

    $328,795

  • 10c · Land, buildings and equipment, net

    beginning of year $308,080 · end of year $293,874

  • 15 · Other assets

    beginning of year $95,426 · end of year $104,845

  • 17 · Accounts payable and accrued expenses

    beginning of year $24,641 · end of year $21,824

  • 19 · Deferred revenue

    beginning of year $1,793 · end of year $301

  • 23 · Secured mortgages and notes payable

    beginning of year $501,500 · end of year $501,500

  • 25 · Other liabilities

    beginning of year $167,385 · end of year $74,891

  • 27 · Net assets without donor restrictions

    beginning of year -$241,920 · end of year -$180,429

Mission and programs · 2022

Mission

SUPPORTIVE HOUSING FOR DEVELOPMENTALLY DISABLED

  • WAVERLY RESIDENCE, INC IS A NOT FOR PROFIT ORGANIZATION, WHOSE PURPOSE IS TO OWN, OPERATE AND MAINTAIN A SIX UNIT RESIDENCE FOR INDIVIDUALS OF ALL AGES WITH UNIQUE ABILITIES AND CHALLENGES IN MEDFORD, SUFFOLK COUNTY, NEW YORK. THESE INDIVIDUALS MAY RECEIVE MENTAL HEALTH SERVICES, MEDICAL, PSYCHIATRIC AND SOCIAL WORK SERVICES WITH SUBSEQUENT DIRECT SUPPORT PROVIDED BY NYSARC, INC.-SUFFOLK CHAPTER, THROUGH ITS PROGRAMS.

    Expenses $85,644 · Revenue $157,432

As filed on the 2022 return.

Listed in Part VII

  • M Joseph Levin

    PRESIDENT UNTIL 2-13-23

    Total calculated
    $0
    Hours/week
    0.5

  • Burton Strauss Jr

    SECRETARY UNTIL 2-13-23

    Total calculated
    $0
    Hours/week
    0.5

  • Thomas Blumberg

    TREASURER UNTIL 2-13-23

    Total calculated
    $0
    Hours/week
    0.5

  • Deborah Pflieger

    PRESIDENT FROM 2-13-23

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Brian O'Reilly

    TREASURER FROM 2-13-23

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • James P O'Connor

    SECRETARY FROM 2-13-23

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Alden B Kaplan

    DIRECTOR FROM 2-13-23

    Total calculated
    $0
    Hours/week
    1 + 4 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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HR DYNAMICS INC

    C · INACTIVE · NY

  • ALLSECTOR TECHNOLOGY GROUP INC

    C · INACTIVE · NY

  • STAFF RESOURCES INC

    C · INACTIVE · NY

Provenance

Return type
form_990
Tax year
2022
Filed
30 November 2023
IRS schema version
2022v5.0
Source object
202343349349300609

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