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Nonprofiteer
← BRIGHTON PROPERTIES INC

Form 990 for tax year 2022

Filed by BRIGHTON PROPERTIES INC.

Totals

Total revenue
$2,009,020
Total expenses
$1,527,219
Contributions and grants received
$601,168
Grants paid
$0
Program service revenue
$1,258,728
Investment income
$27,763
Other revenue
$121,361
Total assets, end of year
$14,127,704
Total liabilities, end of year
$2,017,521
Net assets or fund balances, end of year
$12,110,183
Program services expenses (Part IX)
$1,265,080
Management and general expenses
$262,139
Fundraising expenses
$0
Program service expenses (Part III)
$1,265,080

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.

  • 1a · Federated campaigns

    $50,000

  • 1d · Related organizations

    $177,597

  • 1e · Government grants (contributions)

    $100,000

  • 1f · All other contributions, gifts and grants

    $273,571

  • 2a · Program service revenue: Rental Income

    total $885,319 · related or exempt $885,319

  • 2b · Program service revenue: Property Management

    total $373,409 · related or exempt $373,409

  • 3 · Investment income

    total $24,614 · excluded $24,614

  • 7a · Gross sales of assets other than inventory

    other assets $3,149

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

    other assets $0

  • 7c · Gain or loss

    other assets $3,149

  • 7d · Net gain or loss

    total $3,149 · excluded $3,149

  • 11a · Other revenue: Reimbursed Expenses

    total $121,311 · excluded $121,311

  • 11b · Other revenue: Miscellaneous

    total $50 · excluded $50

  • 11e · Other revenue, total

    $121,361

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $469,380 · program services $410,407 · management and general $58,973

  • 8 · Pension plan contributions

    total $26,156 · program services $23,731 · management and general $2,425

  • 9 · Other employee benefits

    total $99,261 · program services $90,059 · management and general $9,202

  • 10 · Payroll taxes

    total $36,411 · program services $31,845 · management and general $4,566

  • 11c · Fees: accounting

    total $148,444 · management and general $148,444

  • 11f · Fees: investment management

    total $562 · management and general $562

  • 11g · Fees: other

    total $155,834 · program services $136,662 · management and general $19,172

  • 13 · Office expenses

    total $6,778 · program services $1,044 · management and general $5,734

  • 16 · Occupancy

    total $176,126 · program services $168,863 · management and general $7,263

  • 20 · Interest

    total $39,646 · program services $39,646

  • 22 · Depreciation, depletion and amortization

    total $187,148 · program services $187,148

  • 23 · Insurance

    total $26,005 · program services $25,687 · management and general $318

  • 24a · Other expenses: Renovation & Repair

    total $144,684 · program services $144,684

  • 24b · Other expenses: Miscellaneous

    total $10,784 · program services $5,304 · management and general $5,480

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,921,419 · end of year $2,073,279

  • 3 · Pledges and grants receivable

    beginning of year $298,806 · end of year $288,473

  • 4 · Accounts receivable

    beginning of year $84,496 · end of year $58,964

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,030 · end of year $11,193

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

    $7,487,882

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

    $3,053,405

  • 10c · Land, buildings and equipment, net

    beginning of year $4,356,433 · end of year $4,434,477

  • 11 · Investments: publicly traded securities

    beginning of year $349,913 · end of year $378,187

  • 12 · Investments: other securities

    beginning of year $3,587,909 · end of year $6,883,131

  • 15 · Other assets

    beginning of year $15,553 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $798,819 · end of year $64,139

  • 23 · Secured mortgages and notes payable

    beginning of year $2,091,420 · end of year $1,953,382

  • 27 · Net assets without donor restrictions

    beginning of year $7,246,514 · end of year $11,506,585

  • 28 · Net assets with donor restrictions

    beginning of year $483,806 · end of year $603,598

Mission and programs · 2022

Mission

To assist individuals and families in obtaining self-sufficiency by developing housing opportunities that bring stability to families, individuals, and communities.

  • Brighton Properties, Inc. assists individuals and families in obtaining self-sufficiency by developing housing opportunities that bring stability to families, individuals, and communities. This is accomplished by developing quality affordable housing for both rental and purchase; effectively managing rental properties that ensure decent, safe, and accessible living conditions; and developing and maintaining quality service environments that assist Brighton Center in achieving its mission. Brighton Properties owns and maintains 9 service facilities ranging from emergency assistance to emergency shelter and manages 9 housing buildings which consist of 307 units for seniors, the disabled, and families. In FY 2023, Brighton Properties served 579 individuals with affordable, safe, high-quality housing.

    Expenses $1,265,080 · Revenue $1,258,728

As filed on the 2022 return.

Listed in Part VII

  • Brian Crecco

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Brooks A Parker

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julie Schoepf

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Joyce Duve

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ken Muth

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Aaron Anderson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Arnold

    Director

    Total calculated
    $0
    Hours/week
    1

  • Caroline Weltzer

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Thomas Stapleton

    Director

    Total calculated
    $0
    Hours/week
    1

  • LaQues Harrison

    Director-exit 12/2022

    Total calculated
    $0
    Hours/week
    1

  • Susan McDonald

    Director

    Total calculated
    $0
    Hours/week
    1

  • Wonda Winkler

    President and CEO

    Total calculated
    $172,839
    From this org
    $0
    From related orgs
    $133,635
    Other
    $39,204
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,102 related
    Bonus
    $0 + $4,159 related
    Other
    $0 + $8,374 related
    Deferred
    $0 + $16,459 related
    Nontaxable benefits
    $0 + $22,745 related
    Filer's total
    $0 + $172,839 related

  • June Miller

    CFAO

    Total calculated
    $141,072
    From this org
    $0
    From related orgs
    $117,604
    Other
    $23,468
    Hours/week
    4 + 32 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

The filer's explanations (Part III)

Part I, Line 3
The organization relied on a related organization that used one or more of the methods in Question #3 to establish the top management official's compensation.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Saratoga Place LTD

    Related · Housing Rental · KY · 99.99% owned · share of income -$77,274 · share of assets $605,573 · general or managing partner

    Directly controlled by Brighton Center Inc

  • Williams Place Apts LTD

    Related · Housing Rental · KY · 99.9% owned · share of income -$16,674 · share of assets $629,809 · general or managing partner

    Directly controlled by Brighton Center Inc

  • Saratoga Place II LTD

    Related · Housing Rental · KY · 99.9% owned · share of income -$94,101 · share of assets $657,563 · general or managing partner

    Directly controlled by Brighton Center Inc

  • Saratoga Place III LLLP

    Related · Housing Rental · KY · 0.1% owned · share of income -$122 · share of assets $730,182 · general or managing partner

    Directly controlled by Brighton Center Inc

  • Saratoga Place IV LLLP

    Related · Housing Rental · KY · 0.1% owned · share of income -$55 · share of assets $439,671 · general or managing partner

    Directly controlled by Brighton Center Inc

  • Brighton Recovery Center LP

    related · Housing Rental · KY · 99.9% owned · share of assets $912,637 · general or managing partner

    Directly controlled by Brighton Center Inc

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Brighton Recovery Inc

    C · Housing Rental · KY · 100% owned · share of income -$8 · share of assets $120,161 · controlled entity

    Directly controlled by Brighton Properties Inc

  • Williams Place INC

    C · Housing Rental · KY · 100% owned · share of income -$127 · share of assets $100 · controlled entity

    Directly controlled by Brighton Properties Inc

  • Saratoga Place III GP LLC

    C · Housing Rental · KY · 100% owned · share of income -$122 · share of assets $1,340,782 · controlled entity

    Directly controlled by Brighton Properties Inc

  • Saratoga Place IV GP LLC

    C · Housing Rental · KY · 100% owned · share of income -$55 · share of assets $497,075 · controlled entity

    Directly controlled by Brighton Properties Inc

Provenance

Return type
form_990
Tax year
2022
Filed
1 April 2024
IRS schema version
2022v5.0
Source object
202440959349300339

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