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Nonprofiteer
← CHERRYWOOD VILLAGE

Form 990 for tax year 2022

Filed by CHERRYWOOD VILLAGE.

Totals

Total revenue
$194,552
Total expenses
$381,783
Contributions and grants received
$73,806
Grants paid
$0
Program service revenue
$119,206
Investment income
$1
Other revenue
$1,539
Total assets, end of year
$3,579,601
Total liabilities, end of year
$4,264,540
Net assets or fund balances, end of year
-$684,939
Program services expenses (Part IX)
$339,848
Management and general expenses
$41,935
Fundraising expenses
$0
Program service expenses (Part III)
$339,848

Program services were 89.0% 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.

  • 1e · Government grants (contributions)

    $73,806

  • 2a · Program service revenue: RENT REVENUE-TENANT

    total $113,075 · related or exempt $113,075

  • 2b · Program service revenue: LAUNDRY/VENDING REVENU

    total $4,200 · related or exempt $4,200

  • 2c · Program service revenue: TENANT CHARGES

    total $1,931 · related or exempt $1,931

  • 3 · Investment income

    total $1 · excluded $1

  • 11a · Other revenue: EXCESS UTILITY INCOME

    total $1,395 · related or exempt $1,395

  • 11b · Other revenue: OTHER REVENUE

    total $144 · related or exempt $144

  • 11e · Other revenue, total

    $1,539

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $15,804 · program services $15,804

  • 11c · Fees: accounting

    total $6,200 · management and general $6,200

  • 13 · Office expenses

    total $4,605 · management and general $4,605

  • 16 · Occupancy

    total $44,177 · program services $44,177

  • 17 · Travel

    total $94 · program services $94

  • 20 · Interest

    total $7 · program services $7

  • 22 · Depreciation, depletion and amortization

    total $171,408 · program services $171,408

  • 23 · Insurance

    total $30,404 · program services $30,404

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $76,055 · program services $76,055

  • 24b · Other expenses: BOOKKEEPING FEES

    total $24,925 · management and general $24,925

  • 24c · Other expenses: MISCELLANEOUS ADMIN

    total $6,205 · management and general $6,205

  • 24d · Other expenses: MISCELLANEOUS

    total $1,899 · program services $1,899

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $29,368 · end of year $17,894

  • 4 · Accounts receivable

    beginning of year $1,800 · end of year $13,595

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,138 · end of year $8,459

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

    $5,181,857

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

    $1,771,044

  • 10c · Land, buildings and equipment, net

    beginning of year $3,552,171 · end of year $3,410,813

  • 15 · Other assets

    beginning of year $141,820 · end of year $128,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,891 · end of year $5,180

  • 24 · Unsecured notes and loans payable

    beginning of year $4,196,346 · end of year $4,196,346

  • 25 · Other liabilities

    beginning of year $32,768 · end of year $63,014

  • 27 · Net assets without donor restrictions

    beginning of year -$497,708 · end of year -$684,939

Mission and programs · 2022

Mission

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

  • THE ORGANIZATION PROVIDES HOUSING AND SERVICES FOR ITS TENANTS.

    Expenses $339,848 · Revenue $120,745

As filed on the 2022 return.

Listed in Part VII

  • Garth Rydland

    PRESIDENT/CEO

    Total calculated
    $300,429
    From this org
    $0
    From related orgs
    $274,628
    Other
    $25,801
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,406 related
    Bonus
    $0 + $22,222 related
    Other
    $0
    Deferred
    $0 + $16,362 related
    Nontaxable benefits
    $0 + $9,439 related
    Filer's total
    $0 + $300,429 related

  • Lorilee Bott

    CFO

    Total calculated
    $182,556
    From this org
    $0
    From related orgs
    $156,594
    Other
    $25,962
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,594 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,870 related
    Nontaxable benefits
    $0 + $16,092 related
    Filer's total
    $0 + $182,556 related

  • Margaret Reed

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dave Molmen

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Karen Brekke

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Peter Hoistad

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Patrick Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sarah Raymond

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dwight Thompson

    DIRECTOR

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
11 October 2023
IRS schema version
2022v5.0
Source object
202342859349301524

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