Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $402,767

• 1f · All other contributions, gifts and grants

  $1,180

• 2a · Program service revenue: RENTAL INCOME

  total $212,441 · related or exempt $212,441

• 3 · Investment income

  total $3,247 · excluded $3,247

• 11a · Other revenue: LAUNDRY & VENDING

  total $4,904 · excluded $4,904

• 11b · Other revenue: TENANT CHARGES

  total $969 · excluded $969

• 11c · Other revenue: OTHER REVENUE-MISC.

  total $1 · excluded $1

• 11e · Other revenue, total

  $5,874

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $29,384 · management and general $29,384

• 11c · Fees: accounting

  total $10,725 · management and general $10,725

• 12 · Advertising and promotion

  total $2,400 · management and general $2,400

• 13 · Office expenses

  total $15,276 · management and general $15,276

• 16 · Occupancy

  total $197,041 · program services $197,041

• 17 · Travel

  total $2,898 · management and general $2,898

• 19 · Conferences, conventions and meetings

  total $125 · management and general $125

• 20 · Interest

  total $63,470 · program services $63,470

• 22 · Depreciation, depletion and amortization

  total $63,944 · program services $63,944

• 23 · Insurance

  total $10,711 · program services $10,711

• 24a · Other expenses: MGMT COMPANY EMPLOYEE C

  total $63,432 · program services $24,717 · management and general $38,715

• 24b · Other expenses: LOSS DUE TO RECAPTURE O

  total $59,335 · program services $59,335

• 24c · Other expenses: SERVICE COORDINATOR EXP

  total $34,777 · program services $34,777

• 24d · Other expenses: WORKMEN'S COMP

  total $1,064 · management and general $1,064

• 24e · All other expenses

  total $800 · program services $800

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $82,929 · end of year $74,334

• 4 · Accounts receivable

  beginning of year $5,883 · end of year $6,321

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,942 · end of year $2,379

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

  $2,588,439

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

  $1,861,601

• 10c · Land, buildings and equipment, net

  beginning of year $755,400 · end of year $726,838

• 13 · Investments: program-related

  beginning of year $363,891 · end of year $370,173

• 14 · Intangible assets

  beginning of year $63,514 · end of year $60,049

• 15 · Other assets

  beginning of year $238,694 · end of year $265,839

• 17 · Accounts payable and accrued expenses

  beginning of year $74,469 · end of year $61,503

• 19 · Deferred revenue

  beginning of year $263 · end of year $263

• 23 · Secured mortgages and notes payable

  beginning of year $1,640,326 · end of year $1,578,115

• 25 · Other liabilities

  beginning of year $172,392 · end of year $168,122

• 27 · Net assets without donor restrictions

  beginning of year -$372,197 · end of year -$302,070

The filer's explanations (Part III)

PART I, LINE 4A

JAMES M. FORMAL - SEVERANCE PAY - $405,833