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Nonprofiteer
← SMITH HALL INC

Form 990 for tax year 2023

Filed by SMITH HALL INC.

Totals

Total revenue
$316,429
Total expenses
$354,899
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$316,064
Investment income
$365
Other revenue
$0
Total assets, end of year
$1,151,671
Total liabilities, end of year
$2,960,082
Net assets or fund balances, end of year
-$1,808,411
Program services expenses (Part IX)
$283,469
Management and general expenses
$71,430
Fundraising expenses
$0
Program service expenses (Part III)
$283,469

Program services were 79.9% 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: SMITH HALL LOW INCOME APTS

    total $316,064 · related or exempt $316,064

  • 3 · Investment income

    total $365 · excluded $365

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $56,223 · management and general $56,223

  • 11b · Fees: legal

    total $277 · management and general $277

  • 11c · Fees: accounting

    total $10,666 · management and general $10,666

  • 13 · Office expenses

    total $4,264 · management and general $4,264

  • 16 · Occupancy

    total $98,386 · program services $98,386

  • 22 · Depreciation, depletion and amortization

    total $109,339 · program services $109,339

  • 24a · Other expenses: CLEANING / MAINTENANCE

    total $70,744 · program services $70,744

  • 24b · Other expenses: ENVIRONMENTAL CONSULTING

    total $5,000 · program services $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,244 · end of year $499

  • 4 · Accounts receivable

    beginning of year $2,228 · end of year $6,071

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,932 · end of year $2,793

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

    $3,321,297

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

    $2,495,869

  • 10c · Land, buildings and equipment, net

    beginning of year $865,269 · end of year $825,428

  • 15 · Other assets

    beginning of year $299,864 · end of year $316,880

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,951 · end of year $24,933

  • 23 · Secured mortgages and notes payable

    beginning of year $2,921,400 · end of year $2,921,400

  • 25 · Other liabilities

    beginning of year $12,127 · end of year $13,749

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,769,941 · end of year -$1,808,411

Mission and programs · 2023

Mission

SMITH HALL IS ORGANIZED TO OPERATE A HUD FUNDED AND SUBSIDIZED 25 UNIT APARTMENT COMPLEX FOR LOW INCOME SENIORS AND MOBILITY IMPAIRED CITIZENS.

Activities or mission (Part I)

TO PROVIDE AND OPERATE A HUD FINANCED SECTION 202 LOW INCOME APARTMENT BUILDING IN JUNEAU, ALASKA.

  • OPERATION OF A HUD SECTION 202 APT BUILDING FOR LOW INCOME SENIORS AND MOBILITY IMPAIRED PERSONS. THE APT HAS 25 RENTAL UNITS.

    Expenses $283,469 · Revenue $316,064

As filed on the 2023 return.

Listed in Part VII

  • Dave Ringle

    SECRETARY

    Total calculated
    $77,578
    From this org
    $0
    From related orgs
    $77,578
    Other
    $0
    Hours/week
    1 + 40 related

  • Deb Johnston

    TREASURER

    Total calculated
    $33,584
    From this org
    $0
    From related orgs
    $33,584
    Other
    $0
    Hours/week
    1 + 40 related

  • Angela Burton

    V. PRES/SECR

    Total calculated
    $0
    Hours/week
    1

  • Robert Rehfeld

    PRESIDENT

    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.

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
2023
Filed
9 November 2024
IRS schema version
2023v5.0
Source object
202413199349317851

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