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Nonprofiteer
← NORRIS SQUARE SENIOR HOUSING INC

Form 990 for tax year 2022

Filed by NORRIS SQUARE SENIOR HOUSING INC.

Totals

Total revenue
$372,993
Total expenses
$534,707
Contributions and grants received
$247,282
Grants paid
$0
Program service revenue
$122,496
Investment income
$28
Other revenue
$3,187
Total assets, end of year
$2,781,951
Total liabilities, end of year
$3,867,020
Net assets or fund balances, end of year
-$1,085,069
Program services expenses (Part IX)
$494,970
Management and general expenses
$39,737
Fundraising expenses
$0
Program service expenses (Part III)
$494,970

Program services were 92.6% 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.

  • 1e · Government grants (contributions)

    $247,282

  • 2a · Program service revenue: RENTAL INCOME

    total $122,496 · related or exempt $122,496

  • 3 · Investment income

    total $28 · excluded $28

  • 11a · Other revenue: OTHER REVENUE-MISC.

    total $1,859 · excluded $1,859

  • 11b · Other revenue: LAUNDRY & VENDING

    total $1,278 · excluded $1,278

  • 11c · Other revenue: KEY/LOCKS CHANGES

    total $50 · excluded $50

  • 11e · Other revenue, total

    $3,187

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $88,792 · program services $88,792

  • 8 · Pension plan contributions

    total $3,348 · program services $3,348

  • 9 · Other employee benefits

    total $12,892 · program services $12,892

  • 10 · Payroll taxes

    total $6,898 · program services $6,898

  • 11a · Fees: management

    total $24,941 · management and general $24,941

  • 11c · Fees: accounting

    total $14,796 · management and general $14,796

  • 13 · Office expenses

    total $21,886 · program services $21,886

  • 16 · Occupancy

    total $204,058 · program services $204,058

  • 19 · Conferences, conventions and meetings

    total $109 · program services $109

  • 22 · Depreciation, depletion and amortization

    total $155,553 · program services $155,553

  • 24a · Other expenses: MANAGER UNIT

    total $878 · program services $878

  • 24b · Other expenses: BAD DEBTS

    total $556 · program services $556

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,346 · end of year $9,959

  • 4 · Accounts receivable

    beginning of year $557 · end of year $36

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,062 · end of year $3,660

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

    $5,699,063

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

    $3,211,314

  • 10c · Land, buildings and equipment, net

    beginning of year $2,618,942 · end of year $2,487,749

  • 15 · Other assets

    beginning of year $269,148 · end of year $280,547

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,448 · end of year $99,801

  • 19 · Deferred revenue

    beginning of year $234

  • 21 · Escrow or custodial account liability

    beginning of year $8,127 · end of year $8,651

  • 23 · Secured mortgages and notes payable

    beginning of year $3,746,601 · end of year $3,746,601

  • 25 · Other liabilities

    beginning of year $0 · end of year $11,967

  • 27 · Net assets without donor restrictions

    beginning of year -$923,355 · end of year -$1,085,069

Mission and programs · 2022

Mission

TO DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY.

  • OPERATION OF THE 35-UNIT PROJECT FOR LOW-INCOME ELDERLY IN NORTH PHILADELPHIA.

    Expenses $494,970 · Revenue $122,496

As filed on the 2022 return.

Listed in Part VII

  • Rev Alfred Bradley Cssr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.5

  • Zasha Morales

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • Karen Cosner

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • Michelle Carrera

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Heather Huot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Suzanne O'Grady Laurito

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • Eliezer Vila

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

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
6 November 2023
IRS schema version
2022v5.0
Source object
202313129349301676

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