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Nonprofiteer
← CROSSROADS VILLAS

Form 990 for tax year 2022

Filed by CROSSROADS VILLAS.

Totals

Total revenue
$112,292
Total expenses
$146,936
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$112,007
Investment income
$285
Other revenue
$0
Total assets, end of year
$1,381,931
Total liabilities, end of year
$19,349
Net assets or fund balances, end of year
$1,362,582
Program services expenses (Part IX)
$132,175
Management and general expenses
$14,761
Fundraising expenses
$0
Program service expenses (Part III)
$132,175

Program services were 90.0% 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: RENT HUD SUPPLEMENT

    total $62,611 · related or exempt $62,611

  • 2b · Program service revenue: RENTAL INCOME TENANTS

    total $47,320 · related or exempt $47,320

  • 2c · Program service revenue: OTHER TENANT CHARGES

    total $2,076 · related or exempt $2,076

  • 3 · Investment income

    total $285 · excluded $285

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $18,838 · program services $18,838

  • 10 · Payroll taxes

    total $798 · program services $798

  • 11a · Fees: management

    total $5,689 · management and general $5,689

  • 11c · Fees: accounting

    total $9,072 · management and general $9,072

  • 13 · Office expenses

    total $4,888 · program services $4,888

  • 16 · Occupancy

    total $39,713 · program services $39,713

  • 22 · Depreciation, depletion and amortization

    total $45,306 · program services $45,306

  • 23 · Insurance

    total $20,324 · program services $20,324

  • 24a · Other expenses: LICENSES AND INSPECTION

    total $2,308 · program services $2,308

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,768 · end of year $12,932

  • 4 · Accounts receivable

    beginning of year $86 · end of year $172

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,562 · end of year $5,950

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

    $1,739,668

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

    $429,140

  • 10c · Land, buildings and equipment, net

    beginning of year $1,355,834 · end of year $1,310,528

  • 15 · Other assets

    beginning of year $47,223 · end of year $52,349

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,141 · end of year $8,808

  • 19 · Deferred revenue

    beginning of year $375 · end of year $0

  • 25 · Other liabilities

    beginning of year $12,731 · end of year $10,541

  • 27 · Net assets without donor restrictions

    beginning of year -$286,374 · end of year -$321,018

  • 28 · Net assets with donor restrictions

    beginning of year $1,683,600 · end of year $1,683,600

Mission and programs · 2022

Mission

TO OWN AND OPERATE AN APARTMENT PROJECT WITH 15 UNITS TO HOUSE DEVELOPMENTALLY DISABLED INDIVIDUALS AND HANDICAPPED PERSONS AND TO PROVIDE SERVICES TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

  • TO OPERATE AN APARTMENT COMPLEX THAT PROVIDES HOUSING TO INDIVIDUALS UNDER THE PROVISIONS OF SECTION 811 OF THE NATIONAL HOUSING ACT.

    Expenses $132,175 · Revenue $112,007

As filed on the 2022 return.

Listed in Part VII

  • GEORGE PATTERSON

    CHAIRPERSON

    Total calculated
    $384,665
    From this org
    $0
    From related orgs
    $352,626
    Other
    $32,039
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,626 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $21,149 related
    Nontaxable benefits
    $0 + $10,890 related
    Filer's total
    $0 + $384,665 related

  • EILEAN MACKENZIE

    DIRECTOR

    Total calculated
    $147,890
    From this org
    $0
    From related orgs
    $129,459
    Other
    $18,431
    Hours/week
    1 + 39 related

  • CHERIE STEINBERG

    DIRECTOR

    Total calculated
    $157,950
    From this org
    $0
    From related orgs
    $138,776
    Other
    $19,174
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,776 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,890 related
    Nontaxable benefits
    $0 + $8,284 related
    Filer's total
    $0 + $157,950 related

  • CAROL RACZ

    DIRECTOR

    Total calculated
    $78,110
    From this org
    $0
    From related orgs
    $64,591
    Other
    $13,519
    Hours/week
    1 + 39 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

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
2022
Filed
20 December 2023
IRS schema version
2022v5.0
Source object
202420179349300212

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