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Nonprofiteer
← BLUEGRASS STEEPLECHASE ESTATES INC

Form 990 for tax year 2022

Filed by BLUEGRASS STEEPLECHASE ESTATES INC.

Totals

Total revenue
$91,260
Total expenses
$152,185
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$90,732
Investment income
$528
Other revenue
$0
Total assets, end of year
$1,460,744
Total liabilities, end of year
$1,930,308
Net assets or fund balances, end of year
-$469,564
Program services expenses (Part IX)
$116,865
Management and general expenses
$35,320
Fundraising expenses
$0
Program service expenses (Part III)
$116,865

Program services were 76.8% 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: RENTAL INCOME

    total $90,732 · related or exempt $90,732

  • 3 · Investment income

    total $528 · excluded $528

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $17,818 · management and general $17,818

  • 11b · Fees: legal

    total $1,394 · management and general $1,394

  • 11c · Fees: accounting

    total $6,499 · management and general $6,499

  • 13 · Office expenses

    total $9,243 · management and general $9,243

  • 16 · Occupancy

    total $31,776 · program services $31,776

  • 19 · Conferences, conventions and meetings

    total $58 · management and general $58

  • 22 · Depreciation, depletion and amortization

    total $43,628 · program services $43,628

  • 24a · Other expenses: CONTRACTS

    total $33,142 · program services $33,142

  • 24b · Other expenses: SUPPLIES

    total $8,176 · program services $8,176

  • 24c · Other expenses: BAD DEBTS

    total $200 · management and general $200

  • 24d · Other expenses: MISC TAXES, LLC, PERM

    total $139 · program services $139

  • 24e · All other expenses

    total $112 · program services $4 · management and general $108

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,782 · end of year $10,921

  • 4 · Accounts receivable

    beginning of year $1,931 · end of year $1,668

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

    $1,808,195

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

    $402,454

  • 10c · Land, buildings and equipment, net

    beginning of year $1,440,834 · end of year $1,405,741

  • 15 · Other assets

    beginning of year $36,754 · end of year $42,414

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,696 · end of year $131,621

  • 19 · Deferred revenue

    beginning of year $295 · end of year $8

  • 23 · Secured mortgages and notes payable

    beginning of year $1,796,979 · end of year $1,796,979

  • 25 · Other liabilities

    beginning of year $2,970 · end of year $1,700

  • 27 · Net assets without donor restrictions

    beginning of year -$408,639 · end of year -$469,564

Mission and programs · 2022

Mission

BLUEGRASS STEEPLECHASE ESTATE, INC.'S MISSION IS TO PROVIDE HOUSING TO LOW INCOME INDIVIDUALS WITH MENTAL HEALTH/INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

Activities or mission (Part I)

TO PROVIDE HOUSING TO LOW INCOME INDIVIDUALS WITH MENTAL HEALTH/INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

  • OPERATION OF A 10-UNIT APARTMENT PROJECT IN WINCHESTER, KY TO HOUSE LOW INCOME INDIVIDUALS WITH MENTAL HEALTH/INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

    Expenses $116,865 · Revenue $90,732

As filed on the 2022 return.

Listed in Part VII

  • Philip Berger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Karen Ward

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph Conley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Harold McKinney

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Dellynda Werline

    OFFICER/BOARD SECRETARY-TR

    Total calculated
    $425,283
    From this org
    $0
    From related orgs
    $384,381
    Other
    $40,902
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,856 related
    Bonus
    $0 + $51,751 related
    Other
    $0 + $774 related
    Deferred
    $0 + $31,025 related
    Nontaxable benefits
    $0 + $9,877 related
    Filer's total
    $0 + $425,283 related

  • Mary June Brunker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Connie Morgan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • Dana Royse

    CFO

    Total calculated
    $239,562
    From this org
    $0
    From related orgs
    $209,428
    Other
    $30,134
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,158 related
    Bonus
    $0
    Other
    $0 + $270 related
    Deferred
    $0 + $21,163 related
    Nontaxable benefits
    $0 + $8,971 related
    Filer's total
    $0 + $239,562 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I
THE RELATED ORGANIZATION, NEW VISTA OF THE BLUEGRASS, INC., PAYS THE COMPENSATION TO THE OFFICERS AND USES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: COMPENSATION COMMITTEE FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NEW VISTA REAL ESTATE HOLDINGS LLC

    HOLDS PROPERTY OF NEW VISTA OF THE BLUEGRASS, INC. · KY

    Directly controlled by NEW VISTA OF THE BLUEGRASS INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BLUEGRASS NEW DIRECTIONS INC

    C · SOFTWARE SUPPORT · KY

    Directly controlled by BLUEGRASSORG

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202303179349300135

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