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Nonprofiteer
← ROSE OF MARY TERRACE A NONPROFITCORPORATION

Form 990 for tax year 2023

Filed by ROSE OF MARY TERRACE A NONPROFITCORPORATION.

Totals

Total revenue
$290,470
Total expenses
$428,641
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$283,331
Investment income
$7,139
Other revenue
$0
Total assets, end of year
$3,518,583
Total liabilities, end of year
$30,100
Net assets or fund balances, end of year
$3,488,483
Program services expenses (Part IX)
$428,641
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$428,641

Program services were 100.0% 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.

  • 2a · Program service revenue: TENANT RENT

    total $278,637 · related or exempt $278,637

  • 2b · Program service revenue: MISCELLANEOUS

    total $4,694 · related or exempt $4,694

  • 3 · Investment income

    total $7,139 · excluded $7,139

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $72,620 · program services $72,620

  • 8 · Pension plan contributions

    total $78 · program services $78

  • 9 · Other employee benefits

    total $165 · program services $165

  • 10 · Payroll taxes

    total $11,281 · program services $11,281

  • 11a · Fees: management

    total $29,196 · program services $29,196

  • 11b · Fees: legal

    total $1,691 · program services $1,691

  • 11c · Fees: accounting

    total $8,800 · program services $8,800

  • 11g · Fees: other

    total $7,100 · program services $7,100

  • 12 · Advertising and promotion

    total $577 · program services $577

  • 13 · Office expenses

    total $20,122 · program services $20,122

  • 14 · Information technology

    total $5,871 · program services $5,871

  • 17 · Travel

    total $1,576 · program services $1,576

  • 22 · Depreciation, depletion and amortization

    total $132,361 · program services $132,361

  • 23 · Insurance

    total $21,688 · program services $21,688

  • 24a · Other expenses: CLEANING AND MAINTENANCE

    total $35,536 · program services $35,536

  • 24b · Other expenses: UTILITIES

    total $32,707 · program services $32,707

  • 24c · Other expenses: RESIDENT SERVICES

    total $21,574 · program services $21,574

  • 24d · Other expenses: SECURITY CONTRACT

    total $11,033 · program services $11,033

  • 24e · All other expenses

    total $14,665 · program services $14,665

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,291 · end of year $17,002

  • 4 · Accounts receivable

    beginning of year $2,681 · end of year $9,413

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,727 · end of year $14,743

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

    $5,242,917

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

    $2,040,343

  • 10c · Land, buildings and equipment, net

    beginning of year $3,299,726 · end of year $3,202,574

  • 15 · Other assets

    beginning of year $311,234 · end of year $274,851

  • 17 · Accounts payable and accrued expenses

    end of year $4,759

  • 25 · Other liabilities

    beginning of year $30,091 · end of year $25,341

  • 27 · Net assets without donor restrictions

    beginning of year -$1,202,132 · end of year -$1,336,217

  • 28 · Net assets with donor restrictions

    beginning of year $4,824,700 · end of year $4,824,700

Mission and programs · 2023

Mission

TO PROVIDE LOW & MODERATE INCOME PERSONS WITH HOUSING FACILITIES & SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL,& PSYCHOLOGICAL NEEDS & TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS & USEFULNESS IN LONGER LIVING.

  • ROSE OF MARY TERRACE - PROVIDE LOW INCOME HOUSING TO SENIOR INDIVIDUALS OVER THE AGE OF 62. SUPPORTED BY EDUCATION, EMPOWERMENT AND SERVICES PROGRAMS. SOME OF THE SERVICES PROVIDED ARE COMPUTER CLASSES, EASE OF MOVEMENT CLASSES, AND COMMUNITY BUILDING ACTIVITIES. ROSE OF MARY TERRACE SERVES 40 SENIOR INDIVIDUALS.

    Expenses $428,641 · Revenue $283,331

As filed on the 2023 return.

Listed in Part VII

  • Darlene Darnell

    PRESIDENT

    Total calculated
    $299,351
    From this org
    $0
    From related orgs
    $271,170
    Other
    $28,181
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    not reported + $219,654 related
    Bonus
    not reported + $28,739 related
    Other
    not reported + $22,777 related
    Deferred
    not reported + $27,000 related
    Nontaxable benefits
    not reported + $1,181 related
    Filer's total
    not reported + $299,351 related

  • Paul Palmer

    TREASURER

    Total calculated
    $248,911
    From this org
    $0
    From related orgs
    $220,887
    Other
    $28,024
    Hours/week
    40 + 8 related

    Schedule J breakdown matched by us

    Base
    not reported + $188,648 related
    Bonus
    not reported + $31,157 related
    Other
    not reported + $1,082 related
    Deferred
    not reported + $26,000 related
    Nontaxable benefits
    not reported + $2,024 related
    Filer's total
    not reported + $248,911 related

  • Bryan Ketcham

    EXECUTIVE DI

    Total calculated
    $179,833
    From this org
    $0
    From related orgs
    $143,676
    Other
    $36,157
    Hours/week
    40 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $129,043 related
    Bonus
    not reported + $14,472 related
    Other
    not reported + $161 related
    Deferred
    not reported + $19,575 related
    Nontaxable benefits
    not reported + $16,582 related
    Filer's total
    not reported + $179,833 related

  • Tim Flood

    VICE-PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Tom Kunkel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Morales

    BOARD MEMBER

    Total calculated
    $0

  • Adrian Ochoa

    BOARD MEMBER

    Total calculated
    $0

  • Anita Quintana

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Teresa Sanchez

    PRESIDENT

    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
2023
Filed
21 May 2024
IRS schema version
2023v5.0
Source object
202421429349301337

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