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Nonprofiteer
← CHRISTIAN SENIOR HOUSING FOUNDATION INC

Form 990 for tax year 2024

Filed by CHRISTIAN SENIOR HOUSING FOUNDATION INC.

Totals

Total revenue
$16,372,519
Total expenses
$1,342,526
Contributions and grants received
$0
Grants paid
$25,000
Program service revenue
$1,838,617
Investment income
$14,508,739
Other revenue
$25,163
Total assets, end of year
$26,319,358
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$26,319,358
Program services expenses (Part IX)
$1,163,659
Management and general expenses
$178,867
Fundraising expenses
$0
Program service expenses (Part III)
$1,163,659

Program services were 86.7% 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: RENT INCOME APARTMENTS

    total $1,762,411 · related or exempt $1,762,411

  • 2b · Program service revenue: OTHER PROGRAM INCOME

    total $76,206 · related or exempt $76,206

  • 3 · Investment income

    total $309,839 · excluded $309,839

  • 7a · Gross sales of assets other than inventory

    other assets $15,182,153

  • 7b · Less cost or other basis and sales expenses

    other assets $983,253

  • 7c · Gain or loss

    other assets $14,198,900

  • 7d · Net gain or loss

    total $14,198,900 · excluded $14,198,900

  • 11a · Other revenue: LAUNDRY, VENDING, ETC

    total $25,163 · excluded $25,163

  • 11e · Other revenue, total

    $25,163

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 7 · Other salaries and wages

    total $317,160 · program services $317,160

  • 9 · Other employee benefits

    total $45,402 · program services $45,402

  • 10 · Payroll taxes

    total $24,316 · program services $24,316

  • 11a · Fees: management

    total $117,428 · management and general $117,428

  • 11b · Fees: legal

    total $13,567 · management and general $13,567

  • 11c · Fees: accounting

    total $47,872 · management and general $47,872

  • 12 · Advertising and promotion

    total $2,903 · program services $2,903

  • 13 · Office expenses

    total $55,384 · program services $55,384

  • 14 · Information technology

    total $585 · program services $585

  • 16 · Occupancy

    total $511,463 · program services $511,463

  • 17 · Travel

    total $4,715 · program services $4,715

  • 19 · Conferences, conventions and meetings

    total $14,108 · program services $14,108

  • 20 · Interest

    total $27,918 · program services $27,918

  • 22 · Depreciation, depletion and amortization

    total $26,747 · program services $26,747

  • 23 · Insurance

    total $95,448 · program services $95,448

  • 24a · Other expenses: BAD DEBTS

    total $10,174 · program services $10,174

  • 24b · Other expenses: MISC TAXES, LICNS, AND

    total $828 · program services $828

  • 24c · Other expenses: OTHER RENTING EXPENSE

    total $813 · program services $813

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $695 · program services $695

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $918,541 · end of year $5,434,496

  • 2 · Savings and temporary cash investments

    beginning of year $699,634 · end of year $8,530

  • 4 · Accounts receivable

    beginning of year $527,386 · end of year $603,153

  • 7 · Other notes and loans receivable

    beginning of year $9,296,835 · end of year $9,296,835

  • 9 · Prepaid expenses and deferred charges

    beginning of year $121,834 · end of year $1,000

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $310,414 · end of year $0

  • 13 · Investments: program-related

    end of year $10,776,126

  • 15 · Other assets

    beginning of year $194,975 · end of year $199,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,839 · end of year $0

  • 19 · Deferred revenue

    beginning of year $9,482 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $599,015 · end of year $0

  • 25 · Other liabilities

    beginning of year $70,918 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,289,365 · end of year $26,319,358

Mission and programs · 2024

Mission

OPERATION AND MAINTENANCE OF TWO APARTMENT COMPLEXES FOR THE ELDERLY AND THE SELF-SUFFICIENT HANDICAPPED IN ACCORDANCE WITH THE US DEPARTMENT OF HUD'S SECTION 202 HOUSING PROGRAM.

Activities or mission (Part I)

PROVIDE HOUSING FOR THE ELDERLY.

  • OPERATION AND MAINTENANCE OF TWO APARTMENT COMPLEXES FOR THE ELDERLY AND THE SELF-SUFFICIENT HANDICAPPED IN ACCORDANCE WITH THE US DEPARTMENT OF HUD'S SECTION 202 HOUSING PROGRAM. IN 2024, THE ORGANIZATION SOLD APARTMENTS AND IS NO LONGER OPERATING A HOUSING PROJECT.

    Expenses $1,163,659 · Grants $25,000 · Revenue $1,838,617

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Earleen Abernathy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Joseph F Glenn

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Elizabeth C Glenn

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Robert L Reinhart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Larry Gay Reagin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Kim Delacey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Gerald Eikhoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Rebecca Bumm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Barry Bumm

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 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.

Grants 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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • APPLEWOOD TOWERS LP

    $7,515,570

    Disposition · BUILDINGS · Aug 29, 2024 · PARTNERSHIP

  • PLAZA TOWERS PRESERVATION LP

    $7,666,583

    Disposition · BUILDINGS · Dec 23, 2024 · PARTNERSHIP

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349313264

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