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Nonprofiteer
← WESTERN RESERVE HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by WESTERN RESERVE HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$260,336
Total expenses
$392,029
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$222,519
Investment income
$9,110
Other revenue
$28,707
Total assets, end of year
$4,663,591
Total liabilities, end of year
$2,283,819
Net assets or fund balances, end of year
$2,379,772
Program services expenses (Part IX)
$211,723
Management and general expenses
$180,306
Fundraising expenses
$0
Program service expenses (Part III)
$211,723

Program services were 54.0% 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: Non Dwelling Rent

    total $222,519 · related or exempt $222,519

  • 4 · Income from investment of tax-exempt bond proceeds

    total $9,110 · related or exempt $9,110

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Income

    total $84,292 · related or exempt $84,292

  • 11b · Other revenue: Change in Pension Liability

    total -$55,585 · related or exempt -$55,585

  • 11e · Other revenue, total

    $28,707

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $1,190 · program services $1,190 · management and general $0

  • 11a · Fees: management

    total $3,056 · program services $3,056 · management and general $0

  • 11b · Fees: legal

    total $3 · program services $3 · management and general $0

  • 11c · Fees: accounting

    total $4,426 · program services $100 · management and general $4,326

  • 12 · Advertising and promotion

    total $53 · program services $53 · management and general $0

  • 13 · Office expenses

    total $955 · program services $955 · management and general $0

  • 14 · Information technology

    total $731 · program services $731 · management and general $0

  • 16 · Occupancy

    total $647 · program services $647 · management and general $0

  • 17 · Travel

    total $50 · program services $50 · management and general $0

  • 20 · Interest

    total $63,211 · program services $0 · management and general $63,211

  • 22 · Depreciation, depletion and amortization

    total $122,114 · program services $9,345 · management and general $112,769

  • 23 · Insurance

    total $4,260 · program services $4,260 · management and general $0

  • 24a · Other expenses: Real Estate Taxes

    total $2,765 · program services $2,765 · management and general $0

  • 24b · Other expenses: Maintenance and Operation- Other

    total $21,735 · program services $21,735 · management and general $0

  • 24c · Other expenses: Program fee

    total $47,980 · program services $47,980 · management and general $0

  • 24d · Other expenses: YouthBuild contractual

    total $2,878 · program services $2,878 · management and general $0

  • 24e · All other expenses

    total $115,975 · program services $115,975 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $386,285 · end of year $364,576

  • 4 · Accounts receivable

    beginning of year $146,343 · end of year $184,128

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,743 · end of year $2,393

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

    $6,710,807

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

    $2,598,313

  • 10c · Land, buildings and equipment, net

    beginning of year $4,069,192 · end of year $4,112,494

  • 17 · Accounts payable and accrued expenses

    beginning of year $127,441 · end of year $339,250

  • 19 · Deferred revenue

    beginning of year $55,912 · end of year $18,481

  • 23 · Secured mortgages and notes payable

    beginning of year $1,382,670 · end of year $1,868,429

  • 25 · Other liabilities

    beginning of year $530,075 · end of year $57,659

  • 27 · Net assets without donor restrictions

    beginning of year $2,511,465 · end of year $2,379,772

Mission and programs · 2022

Mission

To promote and advance decent, safe and sanitary housing for persons of low income, and particularity the infirm, and to act as the instrumentality of the Trumbull MHA to construct projects unable for public housing purposes or other charitable purposes.

Activities or mission (Part I)

To promote and advance decent, safe, and sanitary housing for persons of low income, and particularity the elderly or infirm, and to act as the instrumentality of the Trumbull MHA to construct projects usable for public housing purposes or other charitable purposes.

  • To promote and advance decent, safe and sanitary housing for persons of low income, and particularity the infirm, and to act as the instrumentality of the Trumbull MHA to construct projects unable for public housing purposes or other charitable purposes.

    Expenses $211,723 · Revenue $260,336

As filed on the 2022 return.

Listed in Part VII

  • Ronda L Bonekovic

    President

    Total calculated
    $0
    Hours/week
    0.5

  • Rev Darryl L Rodgers Sr

    Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Gloria J Gray

    Secretary-Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • John A Guarnieri

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Gilbert L Rieger

    Trustee

    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.

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
8 November 2023
IRS schema version
2022v5.0
Source object
202431209349300963

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