Form 990 for tax year 2022
Filed by SHERRILL-KENWOOD COMMUNITY RETIREMENT HOUSING CORPORATION.
Totals
- Total revenue
- $751,925
- Total expenses
- $690,846
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $744,240
- Investment income
- $2,129
- Other revenue
- $5,556
- Total assets, end of year
- $3,191,577
- Total liabilities, end of year
- $1,467,247
- Net assets or fund balances, end of year
- $1,724,330
- Program services expenses (Part IX)
- $570,307
- Management and general expenses
- $120,539
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $570,307
Program services were 82.6% 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: RENT INCOME- APTS
total $744,240 · related or exempt $744,240
-
3 · Investment income
total $2,129 · excluded $2,129
-
11a · Other revenue: LAUNDRY & VENDING REVE
total $5,057 · excluded $5,057
-
11b · Other revenue: TENANT CHARGES
total $450 · excluded $450
-
11c · Other revenue: MISCELLANEOUS REVENUE
total $49 · excluded $49
-
11e · Other revenue, total
$5,556
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $163,744 · program services $163,744
-
9 · Other employee benefits
total $21,564 · program services $21,564
-
11a · Fees: management
total $65,313 · management and general $65,313
-
11b · Fees: legal
total $905 · management and general $905
-
11c · Fees: accounting
total $16,000 · management and general $16,000
-
11g · Fees: other
total $10,889 · program services $10,889
-
12 · Advertising and promotion
total $1,717 · management and general $1,717
-
13 · Office expenses
total $62,698 · program services $27,850 · management and general $34,848
-
16 · Occupancy
total $37,532 · program services $37,532
-
19 · Conferences, conventions and meetings
total $1,750 · management and general $1,750
-
20 · Interest
total $103,652 · program services $103,652
-
22 · Depreciation, depletion and amortization
total $132,105 · program services $132,105
-
23 · Insurance
total $21,253 · program services $21,253
-
24a · Other expenses: EQUIPMENT RENTAL & MAIN
total $34,996 · program services $34,996
-
24b · Other expenses: SNOW REMOVAL
total $14,540 · program services $14,540
-
24c · Other expenses: TRASH REMOVAL
total $2,182 · program services $2,182
-
24d · Other expenses: MISCELLANEOUS
total $6 · management and general $6
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $165,717 · end of year $196,920
-
2 · Savings and temporary cash investments
beginning of year $1,168,663 · end of year $1,232,804
-
4 · Accounts receivable
beginning of year $1,052 · end of year $2,956
-
9 · Prepaid expenses and deferred charges
beginning of year $3,877 · end of year $31,518
-
10a · Land, buildings and equipment: cost or other basis
$4,773,532
-
10b · Land, buildings and equipment: accumulated depreciation
$3,081,094
-
10c · Land, buildings and equipment, net
beginning of year $1,803,163 · end of year $1,692,438
-
15 · Other assets
beginning of year $33,737 · end of year $34,941
-
17 · Accounts payable and accrued expenses
beginning of year $5,459 · end of year $19,473
-
23 · Secured mortgages and notes payable
beginning of year $1,473,762 · end of year $1,412,833
-
25 · Other liabilities
beginning of year $33,737 · end of year $34,941
-
27 · Net assets without donor restrictions
beginning of year $1,663,251 · end of year $1,724,330
Mission and programs · 2022
Mission
THE CORPORATION WAS ORGANIZED SOLELY AND SPECIFICALLY TO DEVELOP, OWN, AND OPERATE A LOW-INCOME HOUSING PROJECT ON A NONPROFIT BASIS PURSUANT TO ARTICLE XI OF THE PRIVATE HOUSING FINANCE LAW OF THE STATE OF NEW YORK.
Activities or mission (Part I)
LOW-INCOME HOUSING
-
SHERRILL KENWOOD COMMUNITY RETIREMENT HOUSING CORPORATION OFFERS APARTMENT RENTAL TO LOW TO MODERATE INCOME ELDERLY AND HANDICAPPED INDIVIDUALS. THE RENTS ARE FEDERALLY SUBSIDIZED UNDER THE SECTION 8 PROGRAM. THE 80-UNIT PROJECT WAS CONSTRUCTED THROUGH A LOAN FROM FMHA.
Expenses $570,307 · Revenue $744,240
As filed on the 2022 return.
Listed in Part VII
-
Rev Kurt JohnsonREV KURT JOHNSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Barbara LanzBARBARA LANZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan KellerSUSAN KELLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Betty BreckenridgeBETTY BRECKENRIDGE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gordon SilsbyGORDON SILSBY
CHAIRMAN EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Alison RenwickALISON RENWICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah S WoodwardDEBORAH S WOODWARD
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Kay JunglenMARY KAY JUNGLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Revbeverly Messenger-HarrisREVBEVERLY MESSENGER-HARRIS
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Glen HardmanGLEN HARDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patrick FowlerPATRICK FOWLER
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
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349310620
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