Form 990 for tax year 2024
Filed by LUTHERAN NON-PROFIT HOUSING CORP ANN ARBOR-SEQUOIA PLACE.
Totals
- Total revenue
- $465,633
- Total expenses
- $597,291
- Contributions and grants received
- $3,212
- Grants paid
- $0
- Program service revenue
- $461,365
- Investment income
- $1,056
- Other revenue
- $0
- Total assets, end of year
- $1,760,839
- Total liabilities, end of year
- $4,257,239
- Net assets or fund balances, end of year
- -$2,496,400
- Program services expenses (Part IX)
- $406,709
- Management and general expenses
- $190,582
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $406,709
Program services were 68.1% 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.
-
1f · All other contributions, gifts and grants
$3,212
-
2a · Program service revenue: RENT REVENUE
total $458,368 · related or exempt $458,368
-
2b · Program service revenue: LAUNDRY AND VENDING
total $2,745 · related or exempt $2,745
-
2c · Program service revenue: OTHER TENANT CHARGES
total $165 · related or exempt $165
-
2d · Program service revenue: FORFEITED SECURITY DEP
total $87 · related or exempt $87
-
3 · Investment income
total $1,056 · excluded $1,056
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $141,881 · program services $40,935 · management and general $100,946
-
8 · Pension plan contributions
total $1,850 · program services $1,850
-
9 · Other employee benefits
total $14,426 · program services $14,426
-
10 · Payroll taxes
total $10,488 · program services $10,488
-
11a · Fees: management
total $35,616 · management and general $35,616
-
11b · Fees: legal
total $8,768 · management and general $8,768
-
11c · Fees: accounting
total $15,570 · management and general $15,570
-
13 · Office expenses
total $18,037 · program services $2,626 · management and general $15,411
-
16 · Occupancy
total $163,571 · program services $154,243 · management and general $9,328
-
17 · Travel
total $681 · management and general $681
-
19 · Conferences, conventions and meetings
total $1,696 · management and general $1,696
-
22 · Depreciation, depletion and amortization
total $159,727 · program services $159,727
-
23 · Insurance
total $22,414 · program services $22,414
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $1,130 · management and general $1,130
-
24b · Other expenses: RECREATION AND CRAFT
total $779 · management and general $779
-
24c · Other expenses: MISCELLANEOUS EXPENSES
total $657 · management and general $657
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,582 · end of year $5,715
-
4 · Accounts receivable
beginning of year $147 · end of year $3
-
9 · Prepaid expenses and deferred charges
beginning of year $0 · end of year $8,126
-
10a · Land, buildings and equipment: cost or other basis
$4,481,000
-
10b · Land, buildings and equipment: accumulated depreciation
$2,926,574
-
10c · Land, buildings and equipment, net
beginning of year $1,706,270 · end of year $1,554,426
-
15 · Other assets
beginning of year $214,858 · end of year $192,569
-
17 · Accounts payable and accrued expenses
beginning of year $41,333 · end of year $26,553
-
19 · Deferred revenue
beginning of year $500,052 · end of year $500,000
-
23 · Secured mortgages and notes payable
beginning of year $3,723,256 · end of year $3,707,464
-
25 · Other liabilities
beginning of year $22,958 · end of year $23,222
-
27 · Net assets without donor restrictions
beginning of year -$2,364,893 · end of year -$2,496,404
-
28 · Net assets with donor restrictions
beginning of year $151 · end of year $4
Mission and programs · 2024
Mission
THE ORGANIZATION OPERATES A 55-UNIT APARTMENT COMPLEX, SUBSIDIZED BY HUD, THAT PROVIDES ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.
Activities or mission (Part I)
TO PROVIDE ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SPECIAL SERVICES.
-
PROVIDED ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS THROUGH LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES ARE BASED ON A BREAKEVEN BASIS. THE PROJECT IS A 55-UNIT APARTMENT COMPLEX.
Expenses $406,709 · Revenue $461,365
As filed on the 2024 return.
Listed in Part VII
-
Patricia BauerPATRICIA BAUER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Keith PhelpsKEITH PHELPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Becky GucwaBECKY GUCWA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Stephen KeslerSTEPHEN KESLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Trudie GoffTRUDIE GOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mary SherrillMARY SHERRILL
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Deborah WeberDEBORAH WEBER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1
-
Barbara AndersonBARBARA ANDERSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Donna KarvonenDONNA KARVONEN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1
-
Bridgette ZappacostaBRIDGETTE ZAPPACOSTA
DIRECTOR OF FINANCE
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202641009349300209
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