Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL INCOME

  total $147,001 · related or exempt $147,001

• 3 · Investment income

  total $7,566 · unrelated business $7,566

• 7a · Gross sales of assets other than inventory

  securities $29,883

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

  securities $26,470

• 7c · Gain or loss

  securities $3,413

• 7d · Net gain or loss

  total $3,413 · unrelated business $3,413

Functional expenses

Part IX, the statement of functional expenses.

• 11f · Fees: investment management

  total $330

• 16 · Occupancy

  total $116,943

• 22 · Depreciation, depletion and amortization

  total $88,743

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,286 · end of year $22,902

• 2 · Savings and temporary cash investments

  beginning of year $5,976 · end of year $3,095

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,132 · end of year $0

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

  $2,992,144

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

  $783,493

• 10c · Land, buildings and equipment, net

  beginning of year $2,297,393 · end of year $2,208,651

• 11 · Investments: publicly traded securities

  beginning of year $209,827 · end of year $198,601

• 17 · Accounts payable and accrued expenses

  beginning of year $138,357 · end of year $138,366

• 19 · Deferred revenue

  end of year $11,000

• 23 · Secured mortgages and notes payable

  beginning of year $793,519 · end of year $715,937

• 27 · Net assets without donor restrictions

  beginning of year $1,600,738 · end of year $1,567,946

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS PAID BY A RELATED ORGANIZATION. THAT ORGANIZATION UTILIZES APPROVAL BY THE BOARD IN DETERMING COMPENSATION.