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Nonprofiteer
← CROSSROADS VILLAS

Form 990 for tax year 2024

Filed by CROSSROADS VILLAS.

Totals

Total revenue
$117,527
Total expenses
$170,769
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$117,176
Investment income
$351
Other revenue
$0
Total assets, end of year
$1,303,196
Total liabilities, end of year
$37,966
Net assets or fund balances, end of year
$1,265,230
Program services expenses (Part IX)
$155,134
Management and general expenses
$15,635
Fundraising expenses
$0
Program service expenses (Part III)
$155,134

Program services were 90.8% 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: RENT HUD SUPPLEMENT

    total $61,250 · related or exempt $61,250

  • 2b · Program service revenue: RENTAL INCOME TENANTS

    total $54,390 · related or exempt $54,390

  • 2c · Program service revenue: OTHER TENANT CHARGES

    total $1,536 · related or exempt $1,536

  • 3 · Investment income

    total $351 · excluded $351

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $19,718 · program services $19,718

  • 10 · Payroll taxes

    total $822 · program services $822

  • 11a · Fees: management

    total $5,672 · management and general $5,672

  • 11c · Fees: accounting

    total $9,963 · management and general $9,963

  • 13 · Office expenses

    total $3,357 · program services $3,357

  • 16 · Occupancy

    total $61,305 · program services $61,305

  • 22 · Depreciation, depletion and amortization

    total $44,486 · program services $44,486

  • 23 · Insurance

    total $19,131 · program services $19,131

  • 24a · Other expenses: LICENSES AND INSPECTION

    total $6,315 · program services $6,315

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,100 · end of year $21,857

  • 4 · Accounts receivable

    beginning of year $3,206 · end of year $3,039

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,924 · end of year $5,248

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

    $1,739,668

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

    $518,718

  • 10c · Land, buildings and equipment, net

    beginning of year $1,265,436 · end of year $1,220,950

  • 15 · Other assets

    beginning of year $55,293 · end of year $52,102

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,924 · end of year $15,940

  • 25 · Other liabilities

    beginning of year $18,563 · end of year $22,026

  • 27 · Net assets without donor restrictions

    beginning of year -$365,128 · end of year -$418,370

  • 28 · Net assets with donor restrictions

    beginning of year $1,683,600 · end of year $1,683,600

Mission and programs · 2024

Mission

TO OWN AND OPERATE AN APARTMENT PROJECT WITH 15 UNITS TO HOUSE DEVELOPMENTALLY DISABLED INDIVIDUALS AND HANDICAPPED PERSONS AND TO PROVIDE SERVICES TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

  • TO OPERATE AN APARTMENT COMPLEX THAT PROVIDES HOUSING TO INDIVIDUALS UNDER THE PROVISIONS OF SECTION 811 OF THE NATIONAL HOUSING ACT.

    Expenses $155,134 · Revenue $117,176

As filed on the 2024 return.

Listed in Part VII

  • EILEAN MACKENZIE

    CHAIRPERSON

    Total calculated
    $150,722
    From this org
    $0
    From related orgs
    $132,300
    Other
    $18,422
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,300 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,366 related
    Nontaxable benefits
    $0 + $13,056 related
    Filer's total
    $0 + $150,722 related

  • CHERIE STEINBERG

    DIRECTOR

    Total calculated
    $168,386
    From this org
    $0
    From related orgs
    $126,744
    Other
    $41,642
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,744 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,880 related
    Nontaxable benefits
    $0 + $35,762 related
    Filer's total
    $0 + $168,386 related

  • CAROL RACZ

    DIRECTOR

    Total calculated
    $84,392
    From this org
    $0
    From related orgs
    $69,937
    Other
    $14,455
    Hours/week
    1 + 39 related

  • KARA JANECEK

    DIRECTOR

    Total calculated
    $166,259
    From this org
    $0
    From related orgs
    $136,588
    Other
    $29,671
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,588 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,883 related
    Nontaxable benefits
    $0 + $23,788 related
    Filer's total
    $0 + $166,259 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 December 2025
IRS schema version
2024v5.2
Source object
202630139349302358

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