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← PRESBYTERIAN VILLAGE HOLLY PHASE II NONPROFIT HOUSING CORPORATION

Form 990 for tax year 2024

Filed by PRESBYTERIAN VILLAGE HOLLY PHASE II NONPROFIT HOUSING CORPORATION.

Totals

Total revenue
$513,575
Total expenses
$598,163
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$492,025
Investment income
$899
Other revenue
$20,651
Total assets, end of year
$1,838,080
Total liabilities, end of year
$3,740,201
Net assets or fund balances, end of year
-$1,902,121
Program services expenses (Part IX)
$497,098
Management and general expenses
$101,065
Fundraising expenses
$0
Program service expenses (Part III)
$497,098

Program services were 83.1% 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: Apartment rental

    total $492,025 · related or exempt $492,025

  • 3 · Investment income

    total $899 · related or exempt $899

  • 11a · Other revenue: laundry

    total $496 · related or exempt $496

  • 11b · Other revenue: TV service

    total $9,565 · related or exempt $9,565

  • 11c · Other revenue: Internet service

    total $5,565 · related or exempt $5,565

  • 11d · All other revenue

    total $5,025 · related or exempt $5,025

  • 11e · Other revenue, total

    $20,651

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $25,751 · management and general $25,751

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $73,516 · program services $57,130 · management and general $16,386

  • 8 · Pension plan contributions

    total $1,011 · program services $697 · management and general $314

  • 9 · Other employee benefits

    total $4,537 · program services $3,127 · management and general $1,410

  • 10 · Payroll taxes

    total $7,117 · program services $4,906 · management and general $2,211

  • 11a · Fees: management

    total $37,944 · management and general $37,944

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $9,950 · management and general $9,950

  • 11d · Fees: lobbying

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $1,250 · program services $1,250

  • 13 · Office expenses

    total $19,432 · program services $19,432

  • 14 · Information technology

    total $15,991 · program services $15,991

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $211,826 · program services $211,826

  • 17 · Travel

    total $220 · management and general $220

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $321 · program services $321

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $143,922 · program services $143,922

  • 23 · Insurance

    total $35,778 · program services $35,778

  • 24a · Other expenses: bad debts

    total $2,718 · program services $2,718

  • 24b · Other expenses: supplies

    total $6,879 · management and general $6,879

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $49,940 · end of year $50,752

  • 2 · Savings and temporary cash investments

    beginning of year $332,631 · end of year $332,130

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

    $5,175,323

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

    $3,720,125

  • 10c · Land, buildings and equipment, net

    beginning of year $1,545,446 · end of year $1,455,198

  • 17 · Accounts payable and accrued expenses

    beginning of year $63,696 · end of year $57,537

  • 25 · Other liabilities

    beginning of year $3,681,854 · end of year $3,682,664

  • 27 · Net assets without donor restrictions

    beginning of year -$1,817,533 · end of year -$1,902,121

Mission and programs · 2024

Mission

Provide housing and services to low income senior adults

  • Provide housing and related services to low income senior adults Our complex consists of 51 apartments

    Expenses $497,098 · Revenue $513,575

As filed on the 2024 return.

Listed in Part VII

  • Cassie Roberts

    Administrator

    Total calculated
    $62,179
    From this org
    $24,872
    From related orgs
    $37,307
    Other
    $0
    Hours/week
    16 + 24 related

  • William Walters

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kaye Thorsby

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Annie Carpenter

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Reisa Hamilton

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jim Clark

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Story

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dawn White

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 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.

Schedule J

Answered yes

None.

Answered no

  • 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
  • 9 · Followed the rebuttable-presumption procedure

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
2024
Filed
9 February 2026
IRS schema version
2024v5.2
Source object
202600559349301805

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