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Nonprofiteer
← WAYNEDALE APARTMENTS INC

Form 990 for tax year 2024

Filed by WAYNEDALE APARTMENTS INC.

Totals

Total revenue
$179,609
Total expenses
$221,815
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$178,495
Investment income
$65
Other revenue
$1,049
Total assets, end of year
$564,066
Total liabilities, end of year
$1,462,173
Net assets or fund balances, end of year
-$898,107
Program services expenses (Part IX)
$168,958
Management and general expenses
$52,857
Fundraising expenses
$0
Program service expenses (Part III)
$168,958

Program services were 76.2% 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: TENANT ASSISTANCE PAYM

    total $103,040 · related or exempt $103,040

  • 2b · Program service revenue: RENTAL RECEIPTS

    total $75,455 · related or exempt $75,455

  • 3 · Investment income

    total $65 · excluded $65

  • 11a · Other revenue: LAUNDRY AND VENDING IN

    total $1,049 · related or exempt $1,049

  • 11e · Other revenue, total

    $1,049

Functional expenses

Part IX, the statement of functional expenses.

  • 6 · Compensation of disqualified persons

    total $28,076 · program services $28,076

  • 9 · Other employee benefits

    total $826 · program services $826

  • 10 · Payroll taxes

    total $2,497 · program services $2,497

  • 11a · Fees: management

    total $27,498 · management and general $27,498

  • 11c · Fees: accounting

    total $10,541 · management and general $10,541

  • 12 · Advertising and promotion

    total $150 · management and general $150

  • 16 · Occupancy

    total $87,566 · program services $87,566

  • 20 · Interest

    total $449 · program services $449

  • 22 · Depreciation, depletion and amortization

    total $34,318 · program services $34,318

  • 23 · Insurance

    total $13,179 · program services $13,179

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $14,668 · management and general $14,668

  • 24b · Other expenses: SUPPLIES

    total $2,047 · program services $2,047

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $138 · end of year $1,222

  • 4 · Accounts receivable

    beginning of year $2,394 · end of year $9,456

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,797 · end of year $1,797

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

    $1,433,855

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

    $908,415

  • 10c · Land, buildings and equipment, net

    beginning of year $559,758 · end of year $525,440

  • 15 · Other assets

    beginning of year $38,987 · end of year $26,151

  • 17 · Accounts payable and accrued expenses

    beginning of year $25,978 · end of year $35,509

  • 23 · Secured mortgages and notes payable

    beginning of year $1,418,400 · end of year $1,418,400

  • 25 · Other liabilities

    beginning of year $14,597 · end of year $8,264

  • 27 · Net assets without donor restrictions

    beginning of year -$855,901 · end of year -$898,107

Mission and programs · 2024

Mission

PROVIDE HOUSING TO HANDICAPPED INDIVIDUALS

Activities or mission (Part I)

PROVIDE HOUSING TO HANDICAPPED INDIVIDUALS.

  • THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO HANDICAPPED INDIVIDUALS

    Expenses $168,958 · Revenue $179,544

As filed on the 2024 return.

Listed in Part VII

  • BRET CLAGHORN

    SECRETARY/TREASURER

    Total calculated
    $388,434
    From this org
    $0
    From related orgs
    $316,730
    Other
    $71,704
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,397 related
    Bonus
    $0 + $59,102 related
    Other
    $0 + $7,231 related
    Deferred
    $0 + $29,152 related
    Nontaxable benefits
    $0 + $42,552 related
    Filer's total
    $0 + $388,434 related

  • TIM GALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BROOKE LOCKHART

    VICE PRESIDENT

    Total calculated
    $159,656
    From this org
    $0
    From related orgs
    $141,085
    Other
    $18,571
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $110,663 related
    Bonus
    $0 + $26,134 related
    Other
    $0 + $4,288 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $18,571 related
    Filer's total
    $0 + $159,656 related

  • THOMAS MINNICH

    PRESIDENT

    Total calculated
    $295,690
    From this org
    $0
    From related orgs
    $244,750
    Other
    $50,940
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,336 related
    Bonus
    $0 + $45,699 related
    Other
    $0 + $2,715 related
    Deferred
    $0 + $22,209 related
    Nontaxable benefits
    $0 + $28,731 related
    Filer's total
    $0 + $295,690 related

  • CLARK JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL BURCROFF

    DIRECTOR

    Total calculated
    $206,908
    From this org
    $0
    From related orgs
    $150,475
    Other
    $56,433
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,256 related
    Bonus
    $0 + $22,766 related
    Other
    $0 + $1,453 related
    Deferred
    $0 + $17,378 related
    Nontaxable benefits
    $0 + $39,055 related
    Filer's total
    $0 + $206,908 related

  • AHSAN MAHMOOD

    DIRECTOR

    Total calculated
    $508,135
    From this org
    $0
    From related orgs
    $450,762
    Other
    $57,373
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,494 related
    Bonus
    $0 + $34,750 related
    Other
    $0 + $26,518 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $40,123 related
    Filer's total
    $0 + $508,135 related

  • CHRISTINE KELTY

    DIRECTOR

    Total calculated
    $136,269
    From this org
    $0
    From related orgs
    $99,521
    Other
    $36,748
    Hours/week
    1 + 40 related

  • CHARLES CLARK

    FORMER OFFICER

    Total calculated
    $168,376
    From this org
    $0
    From related orgs
    $168,376
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $168,376 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $168,376 related

  • RICHARD HITE

    FORMER OFFICER

    Total calculated
    $156,709
    From this org
    $0
    From related orgs
    $137,465
    Other
    $19,244
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,423 related
    Bonus
    $0 + $10,422 related
    Other
    $0 + $6,620 related
    Deferred
    $0 + $14,854 related
    Nontaxable benefits
    $0 + $4,390 related
    Filer's total
    $0 + $156,709 related

  • CONNIE KERRIGAN

    FORMER OFFICER

    Total calculated
    $134,405
    From this org
    $0
    From related orgs
    $120,695
    Other
    $13,710
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $54,232 related
    Bonus
    $0
    Other
    $0 + $66,463 related
    Deferred
    $0 + $3,851 related
    Nontaxable benefits
    $0 + $9,859 related
    Filer's total
    $0 + $134,405 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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)

PART I, LINE 3
RELATED ORGANIZATION, PARKVIEW HEALTH SYSTEM, INC., USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF WAYNEDALE APARTMENTS, INC.'S CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE OF THE RELATED ORGANIZATION, PARKVIEW HEALTH SYSTEM, INC. INDEPENDENT COMPENSATION CONSULTANT FORM 990 OF OTHER ORGANIZATIONS COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF THE RELATED ORGANIZATION, PARKVIEW HEALTH SYSTEM, INC.
PART I, LINE 4A:
SEVERANCE PAYMENTS: CHARLES CLARK $168,376; CONNIE KERRIGAN $65,315

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
20 January 2026
IRS schema version
2024v5.5
Source object
202640409349300524

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