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Nonprofiteer
← VICTORIA JENNINGS RESIDENCES LTD

Form 990 for tax year 2022

Filed by VICTORIA JENNINGS RESIDENCES LTD.

Totals

Total revenue
$510,640
Total expenses
$668,173
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$498,689
Investment income
$29
Other revenue
$11,922
Total assets, end of year
$2,200,567
Total liabilities, end of year
$3,635,114
Net assets or fund balances, end of year
-$1,434,547
Program services expenses (Part IX)
$553,014
Management and general expenses
$115,159
Fundraising expenses
$0
Program service expenses (Part III)
$668,173

Program services were 82.8% 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.

  • 2a · Program service revenue: Net Rental Income

    total $498,689 · related or exempt $498,689

  • 3 · Investment income

    total $29 · related or exempt $29

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Laundry

    total $1,627 · related or exempt $1,627

  • 11b · Other revenue: Misc. revenue

    total $10,231 · related or exempt $10,231

  • 11c · Other revenue: Tenant charges

    total $64 · related or exempt $64

  • 11e · Other revenue, total

    $11,922

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $95,507 · program services $45,008 · management and general $50,499

  • 9 · Other employee benefits

    total $23,104 · program services $23,104

  • 10 · Payroll taxes

    total $9,149 · program services $9,149

  • 11a · Fees: management

    total $18,191 · management and general $18,191

  • 11b · Fees: legal

    total $2,160 · management and general $2,160

  • 11c · Fees: accounting

    total $8,218 · management and general $8,218

  • 13 · Office expenses

    total $25,333 · management and general $25,333

  • 19 · Conferences, conventions and meetings

    total $2,618 · management and general $2,618

  • 20 · Interest

    total $947 · management and general $947

  • 22 · Depreciation, depletion and amortization

    total $103,247 · program services $103,247

  • 23 · Insurance

    total $28,584 · program services $28,584

  • 24a · Other expenses: Other renting expenses

    total $132 · management and general $132

  • 24b · Other expenses: Bad debts expenses

    total $5,311 · management and general $5,311

  • 24c · Other expenses: Miscellaneous expenses

    total $1,750 · management and general $1,750

  • 24e · All other expenses

    total $343,922 · program services $343,922

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,331 · end of year $827

  • 4 · Accounts receivable

    beginning of year $11,183 · end of year $6,714

  • 6 · Loans and receivables from disqualified persons

    beginning of year $4,261 · end of year $4,261

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,980 · end of year $2,318

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

    $3,570,916

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

    $1,655,718

  • 10c · Land, buildings and equipment, net

    beginning of year $1,995,988 · end of year $1,915,198

  • 15 · Other assets

    beginning of year $304,032 · end of year $271,249

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,318 · end of year $114,991

  • 19 · Deferred revenue

    beginning of year $7,791 · end of year $1,038

  • 23 · Secured mortgages and notes payable

    beginning of year $3,237,020 · end of year $3,255,640

  • 24 · Unsecured notes and loans payable

    beginning of year $66,442 · end of year $66,442

  • 25 · Other liabilities

    beginning of year $195,800 · end of year $197,003

  • 27 · Net assets without donor restrictions

    beginning of year -$1,273,596 · end of year -$1,434,547

Mission and programs · 2022

Mission

Affordable housing for the disabled

  • The organiation owns and operates a 24-unit housing project for the

    Expenses $668,173 · Revenue $510,640

As filed on the 2022 return.

Listed in Part VII

  • Pastor K Ford

    President

    Total calculated
    $0
    Hours/week
    2

  • Dolly Dockery

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Betty J Jones

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Kwame Bandele

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jemaine Echols

    Director

    Total calculated
    $0
    Hours/week
    1

  • D Kleinman

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2023
IRS schema version
2022v5.0
Source object
202332649349301908

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