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Nonprofiteer
← Hillcrest Apartments of Adair Inc

Form 990 for tax year 2023

Filed by Hillcrest Apartments of Adair Inc.

Totals

Total revenue
$284,567
Total expenses
$284,567
Contributions and grants received
$0
Grants paid
$225,452
Program service revenue
$0
Investment income
$282,380
Other revenue
$2,187
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$284,567
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$284,567

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.

  • 6a · Gross rents

    real property $44,287

  • 6b · Less rental expenses

    real property $42,100

  • 6c · Rental income or loss

    real property $2,187

  • 6d · Net rental income or loss

    total $2,187 · related or exempt $2,187

  • 7a · Gross sales of assets other than inventory

    other assets $390,000

  • 7b · Less cost or other basis and sales expenses

    other assets $107,620

  • 7c · Gain or loss

    other assets $282,380

  • 7d · Net gain or loss

    total $282,380 · related or exempt $282,380

  • 11a · Other revenue: Washing machine income

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $225,452 · program services $225,452

  • 11a · Fees: management

    total $50,000 · program services $50,000

  • 11b · Fees: legal

    total $2,000 · program services $2,000

  • 23 · Insurance

    total $7,115 · program services $7,115

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $270

  • 10c · Land, buildings and equipment, net

    beginning of year $390,000

  • 18 · Grants payable

    beginning of year $119,749

  • 23 · Secured mortgages and notes payable

    beginning of year $88,958

  • 25 · Other liabilities

    beginning of year $75,860

  • 29 · Capital stock, trust principal or current funds

    beginning of year $390,270

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$284,567

Mission and programs · 2023

Mission

Provide low-income housing for the community.

  • Provide low-income housing for the community.

    Expenses $284,567 · Grants $225,452

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jan Mueller

    President

    Total calculated
    $0
    Hours/week
    0

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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

8 distributions to recipients named as people, $665,452 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
30 January 2024
IRS schema version
2023v4.0
Source object
202430309349301498

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