Totals
- Total revenue
- $29,924
- Total expenses
- $343,635
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $28,193
- Investment income
- $1,731
- Other revenue
- $0
- Total assets, end of year
- $1,585,771
- Total liabilities, end of year
- $1,033,833
- Net assets or fund balances, end of year
- $551,938
- Program services expenses (Part IX)
- $256,290
- Management and general expenses
- $87,345
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $256,290
Program services were 74.6% 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 $242,077 · related or exempt $242,077
-
2b · Program service revenue: INCOME-TUALITY PARK LP
total $83,000 · related or exempt $83,000
-
2c · Program service revenue: INCOME-WIEDEMANN PARK APTS
total $71,826 · related or exempt $71,826
-
2d · Program service revenue: RESIDENT SERVICES
total $15,624 · related or exempt $15,624
-
2e · Program service revenue: MANAGEMENT FEE
total $6,691 · related or exempt $6,691
-
2f · All other program service revenue
total -$391,025 · related or exempt -$391,025
-
3 · Investment income
total $1,731 · excluded $1,731
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $101,940 · program services $14,595 · management and general $87,345
-
11b · Fees: legal
total $55,653 · program services $55,653
-
11c · Fees: accounting
total $10,183 · program services $10,183
-
12 · Advertising and promotion
total $45 · program services $45
-
13 · Office expenses
total $3,431 · program services $3,431
-
16 · Occupancy
total $80,751 · program services $80,751
-
19 · Conferences, conventions and meetings
total $1,123 · program services $1,123
-
20 · Interest
total $17,802 · program services $17,802
-
22 · Depreciation, depletion and amortization
total $41,796 · program services $41,796
-
23 · Insurance
total $17,911 · program services $17,911
-
24a · Other expenses: RESIDENT MANAGER
total $8,048 · program services $8,048
-
24b · Other expenses: MISCELLANEOUS
total $2,531 · program services $2,531
-
24c · Other expenses: PAYROLL TAXES
total $1,792 · program services $1,792
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $599 · program services $599
-
24e · All other expenses
total $30 · program services $30
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $8,438 · end of year $56,637
-
2 · Savings and temporary cash investments
end of year $400,667
-
4 · Accounts receivable
beginning of year $3,956 · end of year $23,423
-
9 · Prepaid expenses and deferred charges
beginning of year $5,193 · end of year $6,400
-
10a · Land, buildings and equipment: cost or other basis
$1,714,580
-
10b · Land, buildings and equipment: accumulated depreciation
$1,004,351
-
10c · Land, buildings and equipment, net
beginning of year $752,025 · end of year $710,229
-
13 · Investments: program-related
beginning of year $541,512 · end of year $246,351
-
14 · Intangible assets
end of year $15,924
-
15 · Other assets
beginning of year $89,844 · end of year $126,140
-
17 · Accounts payable and accrued expenses
beginning of year $18,708 · end of year $31,999
-
19 · Deferred revenue
beginning of year $113
-
23 · Secured mortgages and notes payable
beginning of year $510,698 · end of year $995,834
-
25 · Other liabilities
beginning of year $5,800 · end of year $6,000
-
27 · Net assets without donor restrictions
beginning of year $865,649 · end of year $551,938
Mission and programs · 2022
Mission
PROVIDE AFFORDABLE HOUSING TO THE DISABLED.
-
THE ORGANIZATION OWNS AND OPERATES A 20 UNIT HOUSING PROJECT THAT PROVIDES AFFORDABLE AND DECENT HOUSING FOR DISABLED PERSONS. AVERAGE OF 19 FAMILIES SERVED. THE ORGANIZATION IS ALSO THE GENERAL PARTNER OF TWO LOW-INCOME HOUSING LIMITED PARTNERSHIPS (WIEDEMANN PARK APARTMENTS LP 58 UNITS OF SENIOR HOUSING AND TUALITY PARK APARTMENTS LP). THE TUALITY PARK PROJECT WAS SOLD DURING 2022.
Expenses $256,290 · Revenue $28,193
As filed on the 2022 return.
Listed in Part VII
-
Zachary HowellZACHARY HOWELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25
-
Dan FreedmanDAN FREEDMAN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.25
-
Doug WaughDOUG WAUGH
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 0.25
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.
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.
-
HOUSING INDEPENDENCE INC HOUSING INDEPENDENCE INC
501C3 · HOUSING · OR
Directly controlled by NA
-
THE BRIDGE HOUSING CORPORATION THE BRIDGE HOUSING CORPORATION
501C3 · HOUSING · OR
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.
-
WIEDEMANN PARK APARTMENTS LP WIEDEMANN PARK APARTMENTS LP
RELATED · HOUSING · OR · 0.5% owned · share of income $72,820 · share of assets $1,461,863 · general or managing partner
-
TUALITY PARK APTS LP TUALITY PARK APARTMENTS
RELATED · HOUSING · OR · 0.5% owned · share of income -$308,365 · general or managing partner
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303079349300445
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