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Nonprofiteer
← FAIR HAVEN WEST INC

Form 990 for tax year 2022

Filed by FAIR HAVEN WEST INC.

Totals

Total revenue
$140,429
Total expenses
$212,513
Contributions and grants received
$35,304
Grants paid
$0
Program service revenue
$101,061
Investment income
$695
Other revenue
$3,369
Total assets, end of year
$1,865,334
Total liabilities, end of year
$106,575
Net assets or fund balances, end of year
$1,758,759
Program services expenses (Part IX)
$177,258
Management and general expenses
$35,255
Fundraising expenses
$0
Program service expenses (Part III)
$177,258

Program services were 83.4% 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.

  • 1e · Government grants (contributions)

    $35,304

  • 2a · Program service revenue: RENTAL INCOME

    total $101,061 · related or exempt $101,061

  • 3 · Investment income

    total $695 · excluded $695

  • 11a · Other revenue: LAUNDRY & VENDING

    total $3,177 · excluded $3,177

  • 11b · Other revenue: TENANT CHARGES

    total $192 · excluded $192

  • 11e · Other revenue, total

    $3,369

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $15,342 · management and general $15,342

  • 11c · Fees: accounting

    total $9,860 · management and general $9,860

  • 12 · Advertising and promotion

    total $2,524 · management and general $2,524

  • 13 · Office expenses

    total $7,529 · management and general $7,529

  • 16 · Occupancy

    total $84,921 · program services $84,921

  • 22 · Depreciation, depletion and amortization

    total $70,006 · program services $70,006

  • 24a · Other expenses: MGMT CO EMPLOYEE CHARGE

    total $12,052 · program services $12,052

  • 24b · Other expenses: RESIDUAL RECEIPTS RECAP

    total $9,937 · program services $9,937

  • 24c · Other expenses: BAD DEBTS

    total $342 · program services $342

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,272 · end of year $9,602

  • 4 · Accounts receivable

    beginning of year $9 · end of year $124

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,870 · end of year $18,903

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

    $2,726,554

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

    $1,255,029

  • 10c · Land, buildings and equipment, net

    beginning of year $1,532,519 · end of year $1,471,525

  • 13 · Investments: program-related

    beginning of year $313,095 · end of year $346,806

  • 15 · Other assets

    beginning of year $7,997 · end of year $18,374

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,090 · end of year $37,077

  • 19 · Deferred revenue

    beginning of year $66 · end of year $496

  • 25 · Other liabilities

    beginning of year $58,763 · end of year $69,002

  • 27 · Net assets without donor restrictions

    beginning of year $1,830,843 · end of year $1,758,759

Mission and programs · 2022

Mission

FAIR HAVEN WEST APARTMENTS, INC. IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 29 UNIT APARTMENT COMMUNITY KNOWN AS FAIR HAVEN WEST APARTMENTS LOCATED IN DES MOINES, IOWA. THE COMMUNITY IS BEING FINANCED WITH CAPITAL ADVANCES INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

  • FAIR HAVEN WEST APARTMENTS, INC. IS AN IOWA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 29 UNIT APARTMENT COMMUNITY KNOWN AS FAIR HAVEN WEST APARTMENTS LOCATED IN DES MOINES, IOWA. THE COMMUNITY IS BEING FINANCED WITH CAPITAL ADVANCES INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

    Expenses $177,258 · Revenue $101,061

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jerry Ellis

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Dale De Wild

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Glendening

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Van Dyke

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Elinor Bogaard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kay De Cook

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ivan Mulder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
10 November 2023
IRS schema version
2022v5.0
Source object
202343179349301644

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