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Nonprofiteer
← BIZNET INCORPORATED

Form 990 for tax year 2023

Filed by BIZNET INCORPORATED.

Totals

Total revenue
$184,039
Total expenses
$151,912
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$163,303
Investment income
$9,116
Other revenue
$11,620
Total assets, end of year
$1,531,421
Total liabilities, end of year
$260,504
Net assets or fund balances, end of year
$1,270,917
Program services expenses (Part IX)
$139,206
Management and general expenses
$11,580
Fundraising expenses
$1,126
Program service expenses (Part III)
$139,206

Program services were 91.6% 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 $163,303 · related or exempt $163,303

  • 3 · Investment income

    total $6,547 · excluded $6,547

  • 7a · Gross sales of assets other than inventory

    securities $32,391

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

    securities $29,822

  • 7c · Gain or loss

    securities $2,569

  • 7d · Net gain or loss

    total $2,569 · related or exempt $2,569

  • 8a · Fundraising events: gross income

    $4,953

  • 8c · Net income from fundraising events

    total $4,953

  • 11a · Other revenue: MISCELLANEOUS

    total $6,667 · related or exempt $6,667

  • 11e · Other revenue, total

    $6,667

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $13,413 · program services $6,706 · management and general $6,707

  • 11c · Fees: accounting

    total $812 · management and general $812

  • 11f · Fees: investment management

    total $955 · management and general $955

  • 11g · Fees: other

    total $1,126 · fundraising $1,126

  • 13 · Office expenses

    total $2,000 · management and general $2,000

  • 20 · Interest

    total $17,832 · program services $17,832

  • 22 · Depreciation, depletion and amortization

    total $49,094 · program services $49,094

  • 23 · Insurance

    total $12,401 · program services $11,295 · management and general $1,106

  • 24a · Other expenses: CONDO DUES

    total $37,168 · program services $37,168

  • 24b · Other expenses: PROPERTY MAINTENANCE

    total $17,111 · program services $17,111

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,030 · end of year $18,691

  • 2 · Savings and temporary cash investments

    beginning of year $43,233 · end of year $37,077

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,890 · end of year $10,615

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

    $2,257,537

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

    $1,017,045

  • 10c · Land, buildings and equipment, net

    beginning of year $1,197,449 · end of year $1,240,492

  • 11 · Investments: publicly traded securities

    beginning of year $212,364 · end of year $224,546

  • 25 · Other liabilities

    beginning of year $277,176 · end of year $260,504

  • 27 · Net assets without donor restrictions

    beginning of year $1,238,790 · end of year $1,270,917

Mission and programs · 2023

Mission

PROVIDING ADULTS WHO HAVE DEVELOPMENTAL DISABILITIES WITH HOUSING AND DAILY COMMUNITY LIVING OPPORTUNITIES IN SOUTHEASTERN VIRGINIA.

  • THE ORGANIZATION OWNS SEVERAL CONDOMINIUMS, TOWNHOMES AND A SINGLE FAMILY HOME FOR SPECIALITY NEEDS INDIVIDUALS.

    Expenses $90,112 · Revenue $163,303

  • THE ORGANIZATION OWNS SEVERAL CONDOMINIUMS, TOWNHOMES AND A SINGLE FAMILY HOME FOR SPECIALITY NEEDS INDIVIDUALS.

    Expenses $49,094

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

Listed in Part VII

  • Gary Bartel

    OFFICER

    Total calculated
    $0

  • Janet Earnest

    OFFICER

    Total calculated
    $0

  • Earl Shirley Harper

    OFFICER

    Total calculated
    $0

  • Karen Honore

    OFFICER

    Total calculated
    $0

  • William R Crosby Jr

    TREASURER

    Total calculated
    $0

  • Tom Laidlaw

    PRESIDENT

    Total calculated
    $0

  • Elizabeth Lake

    COMMUNITY EN

    Total calculated
    $0

  • Jack Lapke

    OFFICER

    Total calculated
    $0

  • Chris Davis Ms

    VICE PRESIDE

    Total calculated
    $0

  • Jay T Lazier PhD

    OFFICER

    Total calculated
    $0

  • John Bryant Richardson

    OFFICER

    Total calculated
    $0

  • Breese R Spruill

    OPERATIONS &

    Total calculated
    $0

  • Janis Thomas

    OFFICER

    Total calculated
    $0

  • Susan Vertullo

    OFFICER

    Total calculated
    $0

  • Becky Wentworth

    SECRETARY

    Total calculated
    $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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2024
IRS schema version
2023v6.0
Source object
202541269349300714

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