Totals
- Total revenue
- $732,995
- Total expenses
- $646,302
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $731,663
- Investment income
- $271
- Other revenue
- $1,061
- Total assets, end of year
- $808,003
- Total liabilities, end of year
- $1,631,494
- Net assets or fund balances, end of year
- -$823,491
- Program services expenses (Part IX)
- $604,003
- Management and general expenses
- $42,299
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $604,003
Program services were 93.5% 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: RENTAL INCOME
total $727,633 · related or exempt $727,633
-
2b · Program service revenue: LAUNDRY AND VENDING
total $2,588 · related or exempt $2,588
-
2c · Program service revenue: TENANT CHARGES
total $1,442 · related or exempt $1,442
-
3 · Investment income
total $271 · excluded $271
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $1,061 · excluded $1,061
-
11e · Other revenue, total
$1,061
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $24,840 · program services $24,840
-
11b · Fees: legal
total $996 · management and general $996
-
11c · Fees: accounting
total $21,590 · management and general $21,590
-
11g · Fees: other
total $245,333 · program services $226,775 · management and general $18,558
-
12 · Advertising and promotion
total $4,080 · program services $4,080
-
13 · Office expenses
total $29,353 · program services $28,198 · management and general $1,155
-
16 · Occupancy
total $202,096 · program services $202,096
-
22 · Depreciation, depletion and amortization
total $20,386 · program services $20,386
-
23 · Insurance
total $7,509 · program services $7,509
-
24a · Other expenses: MAINTENANCE
total $59,323 · program services $59,323
-
24b · Other expenses: SOCIAL SERVICES
total $11,425 · program services $11,425
-
24c · Other expenses: BAD DEBT
total $318 · program services $318
-
24e · All other expenses
total $19,053 · program services $19,053
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $100 · end of year $100
-
2 · Savings and temporary cash investments
beginning of year $66,041 · end of year $68,096
-
4 · Accounts receivable
beginning of year $1,804 · end of year $11
-
9 · Prepaid expenses and deferred charges
beginning of year $25,309 · end of year $32,451
-
10a · Land, buildings and equipment: cost or other basis
$2,563,606
-
10b · Land, buildings and equipment: accumulated depreciation
$2,269,409
-
10c · Land, buildings and equipment, net
beginning of year $314,583 · end of year $294,197
-
15 · Other assets
beginning of year $347,982 · end of year $413,148
-
17 · Accounts payable and accrued expenses
beginning of year $35,065 · end of year $61,877
-
19 · Deferred revenue
beginning of year $359 · end of year $898
-
23 · Secured mortgages and notes payable
beginning of year $1,611,925 · end of year $1,549,312
-
25 · Other liabilities
beginning of year $18,654 · end of year $19,407
-
27 · Net assets without donor restrictions
beginning of year -$910,184 · end of year -$823,491
Mission and programs · 2023
Mission
LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS
Activities or mission (Part I)
OWN AND OPERATE LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS
-
THE ORGANIZATION OPERATES LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS. THE FACILITY CONSISTS OF 45 UNITS AND IS REGULATED BY HUD.
Expenses $604,003 · Revenue $731,663
As filed on the 2023 return.
Listed in Part VII
-
Thurman Cole IIITHURMAN COLE III
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Thomas E BurgeTHOMAS E BURGE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Susan J FassolesSUSAN J FASSOLES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
James DavisJAMES DAVIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Alfred GrzeschikALFRED GRZESCHIK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John P SchermesserJOHN P SCHERMESSER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Vicki KepnesVICKI KEPNES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charles SeeleyCHARLES SEELEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Timothy PetersonTIMOTHY PETERSON
TRUSTEE
- 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
- 2023
- Filed
- 13 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521339349306102
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