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← EMC AFFORDABLE HOUSING PRESERVATION

Form 990 for tax year 2023

Filed by EMC AFFORDABLE HOUSING PRESERVATION.

Totals

Total revenue
$797,032
Total expenses
$738,368
Contributions and grants received
$53,058
Grants paid
$0
Program service revenue
$736,162
Investment income
$7,812
Other revenue
$0
Total assets, end of year
$3,516,916
Total liabilities, end of year
$3,380,095
Net assets or fund balances, end of year
$136,821
Program services expenses (Part IX)
$738,368
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$738,368

Program services were 100.0% 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)

    $53,058

  • 2a · Program service revenue: TENANT RENT

    total $733,109 · related or exempt $733,109

  • 2b · Program service revenue: MISCELLANEOUS

    total $3,053 · related or exempt $3,053

  • 3 · Investment income

    total $7,812 · related or exempt $7,812

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $1,500 · program services $1,500

  • 11a · Fees: management

    total $122,039 · program services $122,039

  • 11b · Fees: legal

    total $2,750 · program services $2,750

  • 11c · Fees: accounting

    total $3,341 · program services $3,341

  • 13 · Office expenses

    total $3,612 · program services $3,612

  • 20 · Interest

    total $121,729 · program services $121,729

  • 22 · Depreciation, depletion and amortization

    total $102,482 · program services $102,482

  • 23 · Insurance

    total $30,899 · program services $30,899

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $228,410 · program services $228,410

  • 24b · Other expenses: UTILITIES

    total $94,826 · program services $94,826

  • 24c · Other expenses: SITE MANAGER

    total $12,100 · program services $12,100

  • 24d · Other expenses: ADMINISTRATIVE

    total $7,440 · program services $7,440

  • 24e · All other expenses

    total $7,240 · program services $7,240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $37,531 · end of year $62,097

  • 2 · Savings and temporary cash investments

    beginning of year $624,101 · end of year $187,229

  • 4 · Accounts receivable

    beginning of year $8,480 · end of year $8,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,714 · end of year $6,714

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

    $4,508,203

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

    $1,332,114

  • 10c · Land, buildings and equipment, net

    beginning of year $1,114,143 · end of year $3,176,089

  • 15 · Other assets

    beginning of year $51,693 · end of year $76,307

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,885 · end of year $20,172

  • 19 · Deferred revenue

    beginning of year $7,845 · end of year $4,553

  • 23 · Secured mortgages and notes payable

    beginning of year $1,709,032 · end of year $3,308,043

  • 25 · Other liabilities

    beginning of year $45,281 · end of year $47,327

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $71,619 · end of year $136,821

Mission and programs · 2023

Mission

LOW INCOME HOUSING

  • THE ORGANIZATION OPERATES A 44 UNIT AND A 10 UNIT APARTMENT COMPLEX FOR LOW INCOME TENANTS.

    Expenses $738,368 · Revenue $743,974

As filed on the 2023 return.

Listed in Part VII

  • James Harrison

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kurt Shangraw

    TREASURER

    Total calculated
    $60,365
    From this org
    $0
    From related orgs
    $60,365
    Other
    $0
    Hours/week
    5

  • Coleman Walsh

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Dave MacDonald

    SECRETARY

    Total calculated
    $0
    Hours/week
    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
2023
Filed
16 December 2024
IRS schema version
2023v5.1
Source object
202423519349300037

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