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Nonprofiteer
← AYER ELDERLY HOUSING PARTNERSHIP INC

Form 990 for tax year 2023

Filed by AYER ELDERLY HOUSING PARTNERSHIP INC.

Totals

Total revenue
$344,233
Total expenses
$456,247
Contributions and grants received
$200,845
Grants paid
$0
Program service revenue
$132,585
Investment income
$8,537
Other revenue
$2,266
Total assets, end of year
$4,155,305
Total liabilities, end of year
$5,544,924
Net assets or fund balances, end of year
-$1,389,619
Program services expenses (Part IX)
$371,717
Management and general expenses
$84,530
Fundraising expenses
$0
Program service expenses (Part III)
$371,717

Program services were 81.5% 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.

  • 1e · Government grants (contributions)

    $200,845

  • 2a · Program service revenue: RENTAL INCOME

    total $132,585 · related or exempt $132,585

  • 3 · Investment income

    total $8,537 · excluded $8,537

  • 11a · Other revenue: LAUNDRY & VENDING

    total $2,266 · related or exempt $2,266

  • 11e · Other revenue, total

    $2,266

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $26,697 · management and general $26,697

  • 11c · Fees: accounting

    total $17,000 · management and general $17,000

  • 11g · Fees: other

    total $58,162 · program services $23,637 · management and general $34,525

  • 12 · Advertising and promotion

    total $980 · management and general $980

  • 13 · Office expenses

    total $4,668 · management and general $4,668

  • 16 · Occupancy

    total $157,021 · program services $157,021

  • 19 · Conferences, conventions and meetings

    total $660 · management and general $660

  • 22 · Depreciation, depletion and amortization

    total $155,983 · program services $155,983

  • 23 · Insurance

    total $21,576 · program services $21,576

  • 24a · Other expenses: ELDER SERVICES

    total $13,500 · program services $13,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,666 · end of year $11,104

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,395 · end of year $14,951

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

    $6,087,252

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

    $2,180,779

  • 10c · Land, buildings and equipment, net

    beginning of year $4,003,774 · end of year $3,906,473

  • 15 · Other assets

    beginning of year $242,623 · end of year $222,777

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,163 · end of year $18,613

  • 19 · Deferred revenue

    beginning of year $1,558 · end of year $1,846

  • 21 · Escrow or custodial account liability

    beginning of year $9,142 · end of year $9,265

  • 23 · Secured mortgages and notes payable

    beginning of year $5,515,200 · end of year $5,515,200

  • 27 · Net assets without donor restrictions

    beginning of year -$1,277,605 · end of year -$1,389,619

Mission and programs · 2023

Mission

PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

  • THE ORGANIZATION OPERATES A 21 UNIT FACILITY WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY RESIDENTS (SECTION 202 HOUSING).

    Expenses $371,717 · Revenue $132,585

As filed on the 2023 return.

Listed in Part VII

  • Robert Moore

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kim Sanderson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Judith Pinard

    SECRETARY/CLERK

    Total calculated
    $0
    Hours/week
    1

  • Carol Horgan

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Donald Parker

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Martin Wallace

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
10 May 2025
IRS schema version
2023v6.0
Source object
202501349349307330

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