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Nonprofiteer
← ROCK VALLEY RESIDENTIAL HOUSING INC

Form 990 for tax year 2022

Filed by ROCK VALLEY RESIDENTIAL HOUSING INC.

Totals

Total revenue
$151,712
Total expenses
$118,613
Contributions and grants received
$38,769
Grants paid
$0
Program service revenue
$107,405
Investment income
$3,494
Other revenue
$2,044
Total assets, end of year
$357,400
Total liabilities, end of year
$92,558
Net assets or fund balances, end of year
$264,842
Program services expenses (Part IX)
$108,490
Management and general expenses
$10,123
Fundraising expenses
$0
Program service expenses (Part III)
$108,490

Program services were 91.5% 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)

    $38,769

  • 2a · Program service revenue: PUBLIC HOUSING RENTAL INCOME

    total $107,405 · related or exempt $107,405

  • 3 · Investment income

    total $3,494 · related or exempt $3,494

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,894 · related or exempt $1,894

  • 11b · Other revenue: LAUNDRY INCOME

    total $150 · related or exempt $150

  • 11e · Other revenue, total

    $2,044

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,029 · program services $7,029

  • 11c · Fees: accounting

    total $7,783 · management and general $7,783

  • 16 · Occupancy

    total $50,430 · program services $50,430

  • 20 · Interest

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

  • 22 · Depreciation, depletion and amortization

    total $13,492 · program services $13,492

  • 23 · Insurance

    total $3,214 · program services $3,214

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $33,306 · program services $33,306

  • 24b · Other expenses: MANAGEMENT FEES

    total $2,340 · management and general $2,340

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,289 · end of year $6,818

  • 2 · Savings and temporary cash investments

    beginning of year $244,294 · end of year $273,422

  • 4 · Accounts receivable

    end of year $334

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

    $1,080,106

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

    $1,003,280

  • 10c · Land, buildings and equipment, net

    beginning of year $89,474 · end of year $76,826

  • 14 · Intangible assets

    beginning of year $844

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,973 · end of year $85,894

  • 23 · Secured mortgages and notes payable

    beginning of year $59,044

  • 25 · Other liabilities

    beginning of year $6,141 · end of year $6,664

  • 27 · Net assets without donor restrictions

    beginning of year $231,743 · end of year $264,842

Mission and programs · 2022

Mission

HOUSING FOR PERSONS WITH HANDICAPS

  • LOW INCOME HOUSING UNITS

    Expenses $108,490

  • LOW INCOME HOUSING UNITS

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rev Stephen Breen

    BOARD MEMBER

    Total calculated
    $0

  • Matt Buley

    CEO

    Total calculated
    $0

  • Lyle Ten Haken

    VICE PRESIDE

    Total calculated
    $0

  • Ron Boote

    PRESIDENT

    Total calculated
    $0

  • Nancy Dorhout

    SECRETARY

    Total calculated
    $0

  • Todd Visser

    TREASURER

    Total calculated
    $0

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
28 September 2023
IRS schema version
2022v5.0
Source object
202323009349300817

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