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← OAK MANOR ASSOCIATES

Form 990 for tax year 2023

Filed by OAK MANOR ASSOCIATES.

Totals

Total revenue
$109,450
Total expenses
$136,399
Contributions and grants received
$37,305
Grants paid
$0
Program service revenue
$72,144
Investment income
$1
Other revenue
$0
Total assets, end of year
$819,082
Total liabilities, end of year
$1,832,824
Net assets or fund balances, end of year
-$1,013,742
Program services expenses (Part IX)
$126,615
Management and general expenses
$9,784
Fundraising expenses
$0
Program service expenses (Part III)
$126,615

Program services were 92.8% 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.

  • 1d · Related organizations

    $37,305

  • 2a · Program service revenue: LOW INCOME HOUSING

    total $72,144 · related or exempt $72,144

  • 3 · Investment income

    total $1 · excluded $1

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,175 · management and general $4,175

  • 11g · Fees: other

    total $821 · management and general $821

  • 13 · Office expenses

    total $4,838 · program services $50 · management and general $4,788

  • 16 · Occupancy

    total $54,918 · program services $54,918

  • 22 · Depreciation, depletion and amortization

    total $34,900 · program services $34,900

  • 23 · Insurance

    total $31,495 · program services $31,495

  • 24a · Other expenses: MAINTENENCE AND SUPPLIE

    total $3,332 · program services $3,332

  • 24b · Other expenses: BAD DEBT

    total $1,920 · program services $1,920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,254 · end of year $3,267

  • 2 · Savings and temporary cash investments

    beginning of year $24,410 · end of year $24,413

  • 4 · Accounts receivable

    beginning of year $140,496 · end of year $180,972

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

    $1,502,696

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

    $892,266

  • 10c · Land, buildings and equipment, net

    beginning of year $645,330 · end of year $610,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,758 · end of year $135,356

  • 19 · Deferred revenue

    beginning of year $3,149 · end of year $3,149

  • 21 · Escrow or custodial account liability

    beginning of year $5,818 · end of year $5,818

  • 23 · Secured mortgages and notes payable

    beginning of year $1,441,606 · end of year $1,411,621

  • 25 · Other liabilities

    beginning of year $299,952 · end of year $276,880

  • 27 · Net assets without donor restrictions

    beginning of year -$986,793 · end of year -$1,013,742

Mission and programs · 2023

Mission

PROVIDE LOW-INCOME HOUSING TO THE MENTALLY ILL.

  • OWN AND OPERATE LOW INCOME APARTMENT BUILDING REGULATED BY HUD SECTION 202 OF THE NHA FOR PEOPLE RECOVERING FROM MENTAL ILLNESS WHO CAN LIVE INDEPENDENTLY IN THE COMMUNITY

    Expenses $126,615 · Revenue $72,144

As filed on the 2023 return.

Listed in Part VII

  • Tom Bolger

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 12 related

  • Roger Dowdy

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 12 related

  • Eddie Pasatiempo

    BOARD VICE CHAIR (THRU 9/23)

    Total calculated
    $0
    Hours/week
    1 + 12 related

  • Jeff Wilcox

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1 + 12 related

  • Meg Taylor

    TREASURER (THRU 1/23)

    Total calculated
    $0
    Hours/week
    1 + 12 related

  • Katrina Egner

    PRESIDENT AND CEO

    Total calculated
    $333,030
    From this org
    $0
    From related orgs
    $308,573
    Other
    $24,457
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,617 related
    Bonus
    $0 + $39,154 related
    Other
    $0 + $802 related
    Deferred
    $0 + $9,257 related
    Nontaxable benefits
    $0 + $15,200 related
    Filer's total
    $0 + $333,030 related

  • Mike De Luca

    VICE PRESIDENT AND CFO

    Total calculated
    $207,993
    From this org
    $0
    From related orgs
    $201,935
    Other
    $6,058
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,000 related
    Bonus
    $0
    Other
    $0 + $1,935 related
    Deferred
    $0 + $6,058 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $207,993 related

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

The filer's explanations (Part III)

PART I, LINE 3:
A RELATED ORGANIZATION, SOUND, ANNUALLY REVIEWS COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER; THE CEO ANNUALLY REVIEWS ALL OF THE OTHER OFFICERS INCLUDING CHIEF FINANCIAL OFFICER. SOUND USES A COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO HELP DETERMINE COMPENSATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • KENYON & BOZEMAN LP

    RENTAL REAL ESTATE · WA

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202443109349302334

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