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← STOCKBRIDGE HOMES FOR ELDERLY INC

Form 990 for tax year 2023

Filed by STOCKBRIDGE HOMES FOR ELDERLY INC.

Totals

Total revenue
$23,427
Total expenses
$43,447
Contributions and grants received
$4,975
Grants paid
$0
Program service revenue
$18,349
Investment income
$103
Other revenue
$0
Total assets, end of year
$421,856
Total liabilities, end of year
$578,956
Net assets or fund balances, end of year
-$157,100
Program services expenses (Part IX)
$43,447
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$43,447

Program services were 100.0% 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.

  • 1e · Government grants (contributions)

    $4,975

  • 2a · Program service revenue: TENANT RENT

    total $18,349 · related or exempt $18,349

  • 3 · Investment income

    total $103 · excluded $103

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $6,880 · program services $6,880

  • 11c · Fees: accounting

    total $2,690 · program services $2,690

  • 12 · Advertising and promotion

    total $93 · program services $93

  • 13 · Office expenses

    total $1,424 · program services $1,424

  • 22 · Depreciation, depletion and amortization

    total $13,386 · program services $13,386

  • 23 · Insurance

    total $2,586 · program services $2,586

  • 24a · Other expenses: REPAIRS & MAINT.

    total $9,934 · program services $9,934

  • 24b · Other expenses: UTILITIES

    total $6,238 · program services $6,238

  • 24c · Other expenses: LOSS DUE TO RECAPTURE

    total $216 · program services $216

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9 · end of year $559

  • 9 · Prepaid expenses and deferred charges

    beginning of year $557 · end of year $270

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

    $559,922

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

    $177,657

  • 10c · Land, buildings and equipment, net

    beginning of year $395,651 · end of year $382,265

  • 15 · Other assets

    beginning of year $33,284 · end of year $38,762

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,904 · end of year $12,891

  • 23 · Secured mortgages and notes payable

    beginning of year $557,200 · end of year $557,200

  • 24 · Unsecured notes and loans payable

    end of year $6,386

  • 25 · Other liabilities

    beginning of year $477 · end of year $2,479

  • 27 · Net assets without donor restrictions

    beginning of year -$137,080 · end of year -$157,100

Mission and programs · 2023

Mission

TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY OR HANDICAPPED TENANTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

Activities or mission (Part I)

LOW-INCOME HOUSING FOR ELDERLY

  • PROVIDED HOUSING FOR LOW-INCOME ELDERLY AND HANDICAPPED TENANTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT; REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. 5 RENTAL UNITS IN COMPLEX.

    Expenses $43,447 · Revenue $18,349

As filed on the 2023 return.

Listed in Part VII

  • Kay Hale

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Joe Benthal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Lane Wolfenbarger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Jack Yates

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

  • Barbara Mason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Bill Mitrik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Collins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Megan Barnard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Will Sliger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Rene Tabor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Misty Cameron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Susan Luker

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1

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
17 September 2024
IRS schema version
2023v5.1
Source object
202432989349301513

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