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← WALKER SENIOR HOUSING CORPORATION X

Form 990 for tax year 2023

Filed by WALKER SENIOR HOUSING CORPORATION X.

Totals

Total revenue
$547,295
Total expenses
$740,037
Contributions and grants received
$327,512
Grants paid
$0
Program service revenue
$211,272
Investment income
$1,561
Other revenue
$6,950
Total assets, end of year
$3,138,450
Total liabilities, end of year
$4,843,381
Net assets or fund balances, end of year
-$1,704,931
Program services expenses (Part IX)
$684,340
Management and general expenses
$55,697
Fundraising expenses
$0
Program service expenses (Part III)
$684,340

Program services were 92.5% 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)

    $327,512

  • 2a · Program service revenue: RENT FROM RESIDENTS

    total $211,272

  • 3 · Investment income

    total $1,561 · excluded $1,561

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $6,950

  • 11e · Other revenue, total

    $6,950

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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $150,376 · program services $150,376

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $21,085 · program services $21,085

  • 10 · Payroll taxes

    total $11,146 · program services $11,146

  • 11a · Fees: management

    total $37,840 · management and general $37,840

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $16,605 · program services $9,632 · management and general $6,973

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $348,739 · program services $348,739

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $884 · management and general $884

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $141,740 · program services $141,740

  • 23 · Insurance

    total $0

  • 24a · Other expenses: LICENSES & PERMITS

    total $1,622 · program services $1,622

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,410 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $6,397 · end of year $57,152

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,719 · end of year $10,553

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

    $5,206,400

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

    $2,399,222

  • 10c · Land, buildings and equipment, net

    beginning of year $2,901,059 · end of year $2,807,178

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $190,454 · end of year $263,567

  • 17 · Accounts payable and accrued expenses

    beginning of year $314,059 · end of year $320,991

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $8,789 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $18,580 · end of year $17,590

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $4,300,800 · end of year $4,300,800

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $204,000

  • 27 · Net assets without donor restrictions

    beginning of year -$1,512,189 · end of year -$1,704,931

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

LIFE. AND ALL THE LIVING THAT GOES WITH IT.

Activities or mission (Part I)

PROVIDE AFFORDABLE SENIOR LIVING FOR ADULTS 62 & OLDER IN A 49-UNIT COMMUNITY IN MINNEAPOLIS, MN.

  • WALKER SENIOR HOUSING CORPORATION X, D/B/A WALKER METHODIST LYNDALE ACCOMPLISHES ITS EXEMPT PURPOSE BY PROVIDING AFFORDABLE SENIOR LIVING ADULTS 62 YEARS OF AGE AND OLDER IN A 49-UNIT COMMUNITY LOCATED IN MINNEAPOLIS, MINNESOTA. WALKER METHODIST LYNDALE IS A FEDERALLY-SUBSIDIZED HUD 202, SECTION 8, SENIOR HOUSING COMMUNITY. RESIDENTS ARE OFFERED OPPORTUNITIES FOR PHYSICAL ACTIVITY, SOCIAL INTERACTION, INTELLECTUAL ADVANCEMENT, SPIRTITUAL EXPRESSION, AND CHARITABLE GIVING AND RECEIVING.

    Expenses $684,340 · Revenue $211,272

As filed on the 2023 return.

Listed in Part VII

  • Israel Wilhelm

    PRESIDENT

    Total calculated
    $31,200
    From this org
    $0
    From related orgs
    $30,000
    Other
    $1,200
    Hours/week
    0

  • Levy Brook

    SEC./TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Abraham Lapine

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Russel Grundhauser

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • GUILD HOUSE I LP

    Affordable Ho · PA

  • PALOMINO APARTMENTS LP

    Affordable Ho · TX

  • ST JOHN TOWER LLC

    Affordable Ho · NY

  • SIR WALTER APARTMENTS GP LLC

    Affordable Ho · NC

  • WILLIAM WATTERS HOUSE GP LLC

    Affordable Ho · VA

  • MAYFLOWER MANOR APARTMENTS GP LLC

    Affordable Ho · OH

  • CASA TREVINO APARTMENTS HOD LLC

    Affordable Ho · TX

  • CEDAR GREEN HOUSING HOD LLC

    Affordable Ho · TX

  • WOODBERRY APARTMENTS GP LLC

    Affordable Ho · DC

  • SARAH ALLEN ELDERLY HOUSING LP

    Affordable Ho · PA

  • GREENVIEW MANOR SENIOR APARTMENTS LP

    Affordable Ho · FL

  • HACIENDA VILLAS APARTMENTS LP

    Affordable Ho · FL

  • KAPPA HOUSE I LLC

    Affordable Ho · OH

  • MAPLE WOODS APARTMENTS HOD LLC

    Affordable Ho · VA

  • SHOCKOE I APARTMENTS GP LLC

    Affordable Ho · VA

  • ALEXIAN COURT APARTMENTS LP

    Affordable Ho · MO

  • BETHANY MANOR APARTMENTS URBAN RENEWAL L

    Affordable Ho · NJ

  • DE FREESE MANOR APARTMENTS LP

    Affordable Ho · NE

  • KENZIE SENIOR APARTMENTS LP

    Affordable Ho · MN

  • PARKER SQUARE APARTMENTS GP LL

    Affordable Ho · MO

  • PHILLIP SIMS APARTMENTS LDHA LDHA LP

    Affordable Ho · MI

  • RIVER SENIOR APARTMENTS LP

    Affordable Ho · MN

  • CATHAY MANOR APARTMENTS LP

    Affordable Housin · CA

  • MENORAH PLAZA APARTMENTS LP

    Affordable Housin · MN

  • RESTORATION PLAZA I & II LP

    Affordable Housin · OH

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WALKER ELDERCARE SERVICES INC

    C CORP · MANAGEMENT SE · MN

  • HOD PROSPECT MM LLC

    C Corp · Affordable Ho · NJ

    Directly controlled by HOD Prospect P

  • VUM STERLING PARK INC

    C Corp · Affordable Ho · VA

    Directly controlled by House of David

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413209349307506

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