Form 990 for tax year 2024

1e · Government grants (contributions)

$728,212

1f · All other contributions, gifts and grants

$95,000

2a · Program service revenue: RENTAL INCOME

total $3,182,701 · related or exempt $3,182,701

2b · Program service revenue: AUXILIARY RENTAL INCOME

total $223,541 · related or exempt $223,541

3 · Investment income

total $436 · excluded $436

7a · Gross sales of assets other than inventory

other assets $54,395

7b · Less cost or other basis and sales expenses

other assets $214,741

7c · Gain or loss

other assets -$160,346

7d · Net gain or loss

total -$160,346 · related or exempt -$160,346

11a · Other revenue: DEBT FORGIVENESS

total $140,000 · related or exempt $140,000

11e · Other revenue, total

$140,000

5 · Compensation of officers, directors and key employees

total $90,159 · program services $63,544 · management and general $26,615

7 · Other salaries and wages

total $712,689 · program services $502,299 · management and general $210,390

8 · Pension plan contributions

total $212,402 · program services $149,700 · management and general $62,702

11b · Fees: legal

total $58,747 · program services $34,625 · management and general $24,122

11c · Fees: accounting

total $36,688 · program services $21,623 · management and general $15,065

11g · Fees: other

total $208,064 · program services $208,064

12 · Advertising and promotion

total $360 · management and general $360

13 · Office expenses

total $26,314 · program services $21,350 · management and general $4,964

16 · Occupancy

total $675,106 · program services $674,280 · management and general $826

17 · Travel

total $71,058 · program services $42,271 · management and general $28,787

20 · Interest

total $252,419 · program services $252,419

22 · Depreciation, depletion and amortization

total $1,061,248 · program services $1,056,596 · management and general $4,652

23 · Insurance

total $533,210 · program services $530,321 · management and general $2,889

24a · Other expenses: REPAIRS AND MAINTENANCE

total $768,245 · program services $724,964 · management and general $43,281

24b · Other expenses: RENTAL ASSISTANCE

total $484,577 · program services $484,577

24c · Other expenses: MISCELLANEOUS

total $64,950 · program services $14,363 · management and general $50,587

24d · Other expenses: PROVISION FOR CREDIT LOSS

total $52,021 · management and general $52,021

24e · All other expenses

total $47,085 · program services $42,994 · management and general $4,091

2 · Savings and temporary cash investments

beginning of year $211,963 · end of year $2,793

3 · Pledges and grants receivable

beginning of year $95,026 · end of year $95,000

4 · Accounts receivable

beginning of year $259,994 · end of year $372,005

7 · Other notes and loans receivable

beginning of year $73,024 · end of year $69,325

9 · Prepaid expenses and deferred charges

beginning of year $271,199 · end of year $283,101

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

$30,776,581

10b · Land, buildings and equipment: accumulated depreciation

$11,056,025

10c · Land, buildings and equipment, net

beginning of year $18,971,591 · end of year $19,720,556

15 · Other assets

beginning of year $949,961 · end of year $485,579

17 · Accounts payable and accrued expenses

beginning of year $1,203,783 · end of year $3,079,983

20 · Tax-exempt bond liabilities

beginning of year $2,073,206 · end of year $1,528,000

23 · Secured mortgages and notes payable

beginning of year $5,058,691 · end of year $4,883,954

24 · Unsecured notes and loans payable

beginning of year $399,375 · end of year $306,264

25 · Other liabilities

beginning of year $272,370 · end of year $294,206

27 · Net assets without donor restrictions

beginning of year $11,825,333 · end of year $10,840,952

28 · Net assets with donor restrictions

end of year $95,000