Skip to content
Nonprofiteer
← LOUISON PROPERTIES INC

Form 990 for tax year 2022

Filed by LOUISON PROPERTIES INC.

Totals

Total revenue
$548,217
Total expenses
$69,452
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$546,341
Investment income
$1,876
Other revenue
$0
Total assets, end of year
$3,082,045
Total liabilities, end of year
$2,143,340
Net assets or fund balances, end of year
$938,705
Program services expenses (Part IX)
$35,041
Management and general expenses
$34,411
Fundraising expenses
$0
Program service expenses (Part III)
$35,041

Program services were 50.5% 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.

  • 2a · Program service revenue: CONTRIBUTION FROM LH

    total $546,341 · related or exempt $546,341

  • 3 · Investment income

    total $1,876 · excluded $1,876

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $68,822 · program services $34,411 · management and general $34,411

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $630 · program services $630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $507,033 · end of year $208,544

  • 4 · Accounts receivable

    end of year $41,857

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

    $3,178,275

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

    $346,631

  • 10c · Land, buildings and equipment, net

    beginning of year $2,419,386 · end of year $2,831,644

  • 17 · Accounts payable and accrued expenses

    beginning of year $504

  • 19 · Deferred revenue

    beginning of year $500,484

  • 24 · Unsecured notes and loans payable

    beginning of year $1,974,930 · end of year $2,143,340

  • 27 · Net assets without donor restrictions

    beginning of year $450,501 · end of year $699,281

  • 28 · Net assets with donor restrictions

    end of year $239,424

Mission and programs · 2022

Mission

THE CORPORATION IS ORGANIZED FOR CHARITABLE PURPOSES AND THE CORPORATION SHALL ENGAGE IN HOLDING REAL AND PERSONAL PROPERTY TO PREVENT HOMELESSNESS, PROMOTE INDEPENDENT LIVING AND TO SUPPORT LOUISON HOUSE, INC., AND TO ENGAGE IN SUCH OTHER ACTIVITIES AS MAY APPROPRIATE AND CONSISTENT WITH THE CORPORATION'S STATUS AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.

  • SUPPORT LOUISON HOUSE AND PROVIDE HOUSING.

    Expenses $35,041

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mike Cutler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jenna Day

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Makayla Courtney McGeeney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Puddester

    SECRETARY/ C

    Total calculated
    $0
    Hours/week
    1

  • Annie Rodgers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Sulzman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Susan Yates

    VICE PRESIDE

    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
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202412269349301076

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.