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Nonprofiteer
← ST LUCAS RIVERSIDE APARTMENTS INC

Form 990 for tax year 2022

Filed by ST LUCAS RIVERSIDE APARTMENTS INC.

Totals

Total revenue
$272,644
Total expenses
$280,785
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$260,982
Investment income
$0
Other revenue
$11,662
Total assets, end of year
$2,018,161
Total liabilities, end of year
$2,707,478
Net assets or fund balances, end of year
-$689,317
Program services expenses (Part IX)
$253,443
Management and general expenses
$27,342
Fundraising expenses
$0
Program service expenses (Part III)
$253,443

Program services were 90.3% 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 HUD

    total $188,775 · related or exempt $188,775

  • 2b · Program service revenue: RENTAL INCOME

    total $72,207 · related or exempt $72,207

  • 11a · Other revenue: OTHER INCOME

    total $11,662 · excluded $11,662

  • 11e · Other revenue, total

    $11,662

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $18,239 · management and general $18,239

  • 11b · Fees: legal

    total $3,727 · program services $3,727

  • 11c · Fees: accounting

    total $8,925 · management and general $8,925

  • 12 · Advertising and promotion

    total $165 · program services $165

  • 13 · Office expenses

    total $1,019 · program services $1,019

  • 14 · Information technology

    total $5,604 · program services $5,604

  • 16 · Occupancy

    total $37,003 · program services $37,003

  • 17 · Travel

    total $4,383 · program services $4,383

  • 19 · Conferences, conventions and meetings

    total $178 · management and general $178

  • 20 · Interest

    total $66,803 · program services $66,803

  • 22 · Depreciation, depletion and amortization

    total $6,368 · program services $6,368

  • 23 · Insurance

    total $22,864 · program services $22,864

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $36,538 · program services $36,538

  • 24b · Other expenses: MANAGEMENT EXPENSE STAF

    total $26,231 · program services $26,231

  • 24c · Other expenses: CONTRACT SERVICES

    total $17,407 · program services $17,407

  • 24d · Other expenses: SNOW REMOVAL

    total $12,864 · program services $12,864

  • 24e · All other expenses

    total $12,467 · program services $12,467

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,417 · end of year $187,580

  • 4 · Accounts receivable

    beginning of year $1,186 · end of year $3,674

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,270 · end of year $18,067

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

    $1,333,171

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

    $1,163,324

  • 10c · Land, buildings and equipment, net

    beginning of year $176,215 · end of year $169,847

  • 15 · Other assets

    beginning of year $1,506,187 · end of year $1,638,993

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,844 · end of year $374,339

  • 19 · Deferred revenue

    end of year $11

  • 24 · Unsecured notes and loans payable

    beginning of year $2,350,324 · end of year $2,326,211

  • 25 · Other liabilities

    beginning of year $6,283 · end of year $6,917

  • 27 · Net assets without donor restrictions

    beginning of year -$681,176 · end of year -$689,317

Mission and programs · 2022

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY

  • PROVIDE HOUSING TO LOW INCOME INDIVIDUALS

    Expenses $253,443 · Revenue $260,982

As filed on the 2022 return.

Listed in Part VII

  • Christopher Marks

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Michelle Herrah

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Shanina Deena Marks

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Robbie Hyland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kerby Skurat

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2022
Filed
25 September 2023
IRS schema version
2022v5.0
Source object
202332689349300033

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