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Nonprofiteer
← PRIMROSE APARTMENTS INC

Form 990 for tax year 2023

Filed by PRIMROSE APARTMENTS INC.

Totals

Total revenue
$287,265
Total expenses
$450,129
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$280,234
Investment income
$1,047
Other revenue
$5,984
Total assets, end of year
$4,956,651
Total liabilities, end of year
$5,814,411
Net assets or fund balances, end of year
-$857,760
Program services expenses (Part IX)
$372,217
Management and general expenses
$77,912
Fundraising expenses
$0
Program service expenses (Part III)
$372,217

Program services were 82.7% 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: RENT REVENUE

    total $236,213 · related or exempt $236,213

  • 2b · Program service revenue: TENANT ASSISTANCE PMTS

    total $88,147 · related or exempt $88,147

  • 2c · Program service revenue: LAUNDRY & VENDING

    total $473 · related or exempt $473

  • 2d · Program service revenue: VACANCIES

    total -$44,599 · related or exempt -$44,599

  • 3 · Investment income

    total $1,047 · excluded $1,047

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,984 · related or exempt $5,984

  • 11e · Other revenue, total

    $5,984

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $47,432 · program services $47,062 · management and general $370

  • 9 · Other employee benefits

    total $6,502 · program services $6,502

  • 10 · Payroll taxes

    total $3,391 · program services $3,391

  • 11a · Fees: management

    total $26,545 · management and general $26,545

  • 11c · Fees: accounting

    total $12,948 · management and general $12,948

  • 12 · Advertising and promotion

    total $239 · management and general $239

  • 13 · Office expenses

    total $12,423 · management and general $12,423

  • 22 · Depreciation, depletion and amortization

    total $141,012 · program services $141,012

  • 23 · Insurance

    total $10,766 · program services $10,766

  • 24a · Other expenses: UTILITIES

    total $84,987 · program services $84,987

  • 24b · Other expenses: CONTRACTED SERVICES

    total $50,297 · program services $50,297

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $24,869 · management and general $24,869

  • 24d · Other expenses: REAL ESTATE TAXES

    total $11,969 · program services $11,969

  • 24e · All other expenses

    total $16,749 · program services $16,231 · management and general $518

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,499 · end of year $5,600

  • 4 · Accounts receivable

    beginning of year $18,356 · end of year $10,701

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,543 · end of year $13,222

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

    $5,840,460

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

    $1,128,094

  • 10c · Land, buildings and equipment, net

    beginning of year $4,853,378 · end of year $4,712,366

  • 15 · Other assets

    beginning of year $189,844 · end of year $214,762

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,861 · end of year $61,990

  • 19 · Deferred revenue

    beginning of year $1,700 · end of year $5,967

  • 21 · Escrow or custodial account liability

    beginning of year $13,241 · end of year $14,740

  • 23 · Secured mortgages and notes payable

    beginning of year $5,567,400 · end of year $5,567,400

  • 25 · Other liabilities

    beginning of year $164,314 · end of year $164,314

  • 27 · Net assets without donor restrictions

    beginning of year -$694,896 · end of year -$857,760

Mission and programs · 2023

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

TO OWN AND OPERATE LOW-INCOME ELDERLY HOUSING

  • TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING. OPERATES APARTMENT BUILDING IN NORTH VERSALLES, PA WITH 40 UNITS.

    Expenses $372,217 · Revenue $286,218

As filed on the 2023 return.

Listed in Part VII

  • Karen Winner Sed

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Fran Billen

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.8 related

  • Alan Nathan

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • Sam Bellich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1 + 0.3 related

  • Kristin Wagner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Brenda Wright

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1 + 0.4 related

  • Wilma Torres

    CEO

    Total calculated
    $124,675
    From this org
    $0
    From related orgs
    $105,950
    Other
    $18,725
    Hours/week
    0.1 + 39.9 related

  • Michelle Clarke

    CFO

    Total calculated
    $84,662
    From this org
    $0
    From related orgs
    $74,078
    Other
    $10,584
    Hours/week
    0.1 + 39.9 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.

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.

  • COMMUNITY ACTION PARTNERSHIP OF MERCER COUNTY

    501(C)(3) · FOCUSES ALL RESOURCES ON THE ELIMINATION OF POVERTY AND ITS CAUSES · PA

  • HEMPFIELD APARTMENTS INC

    501(C)(3) · DEVELOP AND OPERATE A HUD SECTION 202 PROJECT FOR THE ELDERLY · PA

  • NORTH EAST MANOR INC

    501(C)(3) · PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES · PA

  • WESTFIELD TOWERS INC

    501(C)(3) · PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES · PA

  • INDEPENDENCE PARK

    501(C)(3) · PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES · PA

  • GARDEN WAY HOUSING

    501(C)(3) · PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES · PA

  • HEMPFIELD APARTMENTS SOUTH

    501(C)(3) · PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES · PA

  • ALAMEDA GARDENS

    501(C)(3) · PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES · PA

  • TUSHIM MANOR INC

    501(C)(3) · PROVIDE AFFORDABLE HOUSING FOR OLDER ADULTS · PA

Provenance

Return type
form_990
Tax year
2023
Filed
17 March 2025
IRS schema version
2023v6.0
Source object
202540779349300929

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