Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $30,710

• 2a · Program service revenue: TENANT RENTS

  total $18,159 · related or exempt $18,159

• 3 · Investment income

  total $17 · excluded $17

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $3,860 · management and general $3,860

• 11c · Fees: accounting

  total $4,250 · management and general $4,250

• 11g · Fees: other

  total $3,356 · management and general $3,356

• 16 · Occupancy

  total $37,665 · program services $37,665

• 22 · Depreciation, depletion and amortization

  total $38,664 · program services $38,664

• 23 · Insurance

  total $2,182 · program services $1,779 · management and general $403

• 24a · Other expenses: MISCELLANEOUS

  total $1,807 · management and general $1,807

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $900 · end of year $1,357

• 4 · Accounts receivable

  end of year $2,827

• 9 · Prepaid expenses and deferred charges

  beginning of year $173 · end of year $90

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

  $961,852

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

  $436,947

• 10c · Land, buildings and equipment, net

  beginning of year $563,569 · end of year $524,905

• 15 · Other assets

  beginning of year $39,376 · end of year $35,413

• 17 · Accounts payable and accrued expenses

  beginning of year $8,511 · end of year $8,584

• 23 · Secured mortgages and notes payable

  beginning of year $283,726 · end of year $283,726

• 25 · Other liabilities

  beginning of year $627,468 · end of year $630,867

• 27 · Net assets without donor restrictions

  beginning of year -$315,687 · end of year -$358,585

The filer's explanations (Part III)

PART I, LINE 3:

THE RELATED ORGANIZATION USES WRITTEN EMPLOYMENT CONTRACTS AND BOARD APPROVAL TO ESTABLISH COMPENSATION FOR THE EXECUTIVE DIRECTOR.