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Nonprofiteer
← SOMERSET LUTHERAN HOUSING COMMUNITY INC

Form 990 for tax year 2023

Filed by SOMERSET LUTHERAN HOUSING COMMUNITY INC.

Totals

Total revenue
$135,626
Total expenses
$308,788
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$131,019
Investment income
$153
Other revenue
$4,454
Total assets, end of year
$1,945,311
Total liabilities, end of year
$425,609
Net assets or fund balances, end of year
$1,519,702
Program services expenses (Part IX)
$260,134
Management and general expenses
$48,654
Fundraising expenses
$0
Program service expenses (Part III)
$260,134

Program services were 84.2% 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: RENT REVENUE

    total $131,019 · related or exempt $131,019

  • 3 · Investment income

    total $153 · excluded $153

  • 11a · Other revenue: LAUNDRY & VENDING REV.

    total $4,454 · excluded $4,454

  • 11e · Other revenue, total

    $4,454

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,944 · program services $6,944

  • 11a · Fees: management

    total $15,764 · management and general $15,764

  • 11b · Fees: legal

    total $979 · management and general $979

  • 11c · Fees: accounting

    total $31,886 · management and general $31,886

  • 11g · Fees: other

    total $42,562 · program services $42,562

  • 13 · Office expenses

    total $6,423 · program services $6,423

  • 16 · Occupancy

    total $43,512 · program services $43,512

  • 22 · Depreciation, depletion and amortization

    total $127,656 · program services $127,656

  • 23 · Insurance

    total $16,336 · program services $16,336

  • 24a · Other expenses: RESIDUAL RECEIPTS RECAP

    total $13,339 · program services $13,339

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $2,362 · program services $2,362

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $1,000 · program services $1,000

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $25 · management and general $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $308,382 · end of year $381,949

  • 4 · Accounts receivable

    beginning of year $38,063 · end of year $13,002

  • 8 · Inventories for sale or use

    beginning of year $5,160 · end of year $8,772

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

    $3,834,420

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

    $2,304,023

  • 10c · Land, buildings and equipment, net

    beginning of year $1,658,052 · end of year $1,530,397

  • 15 · Other assets

    beginning of year $9,419 · end of year $11,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $316,793 · end of year $414,418

  • 25 · Other liabilities

    beginning of year $9,419 · end of year $11,191

  • 27 · Net assets without donor restrictions

    beginning of year $1,692,864 · end of year $1,519,702

Mission and programs · 2023

Mission

TO OPERATE A 32-UNIT APARTMENT COMPLEX LOCATED IN SOMERSET COUNTY, PENNSYLVANIA, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY OR HANDICAPPED FAMILIES.

Activities or mission (Part I)

TO PROVIDE HOUSING FOR LOW INCOME ELDERLY OR HANDICAPPED FAMILIES.

  • SOMERSET LUTHERAN HOUSING COMMUNITY, INC. WAS ESTABLISHED TO OPERATE A 32-UNIT APARTMENT COMPLEX LOCATED IN SOMERSET COUNTY, PENNSYLVANIA, UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY OR HANDICAPPED FAMILIES. CONSTRUCTION OF THE APARTMENT BUILDING WAS COMPLETED IN JANUARY 2010. THE PROJECT STARTED THE YEAR WITH ALL 32 UNITS OCCUPIED BUT LOST A FEW TO MOVE OUTS OR DEATHS DURING THE YEAR. OVERALL OCCUPANCY RATE FOR THE YEAR WAS APPROXIMATELY 94%.

    Expenses $260,134 · Revenue $131,019

As filed on the 2023 return.

Listed in Part VII

  • Bishop Gregory R Pile

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas Bradley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William D Thompson III

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Rev Larry Hoover

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Patricia W Savage

    PRESIDENT/CEO (RET 3/2024)

    Total calculated
    $282,730
    From this org
    $0
    From related orgs
    $282,730
    Other
    $0
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $202,730 related
    Bonus
    $0
    Other
    $0 + $80,000 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $282,730 related

  • William Lloyd

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Christopher J Reighard

    CFO/INTERIM CEO (3/2024)

    Total calculated
    $308,731
    From this org
    $0
    From related orgs
    $261,031
    Other
    $47,700
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,031 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $47,700 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $308,731 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
COMPENSATION FOR THE CEO IS DETERMINED BY ALLEGHENY LUTHERAN SOCIAL MINISTRIES (PARENT ORGANIZATION) USING THE FOLLOWING METHODS: COMPENSATION COMMITTEE; INDEPENDENT COMPENSATION CONSULTANT; FORM 990 OF OTHER ORGANIZATIONS; COMPENSATION SURVEY/STUDY AND APPROVAL BY BOARD/COMPENSATION COMMITTEE.
PART I, LINE 4B
DR. PATRICIA W. SAVAGE (PRESIDENT/CEO) AND CHRISTOPHER J. REIGHARD (CHIEF FINANCIAL OFFICER) PARTICIPATE IN A NONQUALIFIED RETIREMENT PLAN. THEY DID NOT HAVE ANY CONTRIBUTIONS IN 2023. DR. PATRICIA W. SAVAGE HAD DISTRIBUTIONS OF $80,000 FROM THE PLAN DURING CALENDAR YEAR 2023.

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
2023
Filed
16 September 2024
IRS schema version
2023v5.1
Source object
202423209349301887

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