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← EMC AFFORDABLE HOUSING PRESERVATION

Form 990 for tax year 2022

Filed by EMC AFFORDABLE HOUSING PRESERVATION.

Totals

Total revenue
$721,499
Total expenses
$591,195
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$721,137
Investment income
$362
Other revenue
$0
Total assets, end of year
$1,842,662
Total liabilities, end of year
$1,771,043
Net assets or fund balances, end of year
$71,619
Program services expenses (Part IX)
$591,195
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$591,195

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.

  • 2a · Program service revenue: TENANT RENT

    total $717,321 · related or exempt $717,321

  • 2b · Program service revenue: MISCELLANEOUS

    total $3,816 · related or exempt $3,816

  • 3 · Investment income

    total $362 · related or exempt $362

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $87,344 · program services $87,344

  • 11b · Fees: legal

    total $911 · program services $911

  • 11c · Fees: accounting

    total $2,306 · program services $2,306

  • 20 · Interest

    total $86,356 · program services $86,356

  • 22 · Depreciation, depletion and amortization

    total $79,083 · program services $79,083

  • 23 · Insurance

    total $24,565 · program services $24,565

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $177,782 · program services $177,782

  • 24b · Other expenses: UTILITIES

    total $106,858 · program services $106,858

  • 24c · Other expenses: SITE MANAGER

    total $22,600 · program services $22,600

  • 24d · Other expenses: ADMINISTRATIVE

    total $3,390 · program services $3,390

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,678 · end of year $37,531

  • 2 · Savings and temporary cash investments

    beginning of year $581,757 · end of year $624,101

  • 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

    $2,346,674

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

    $1,232,531

  • 10c · Land, buildings and equipment, net

    beginning of year $1,106,189 · end of year $1,114,143

  • 15 · Other assets

    beginning of year $49,642 · end of year $51,693

  • 17 · Accounts payable and accrued expenses

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

  • 19 · Deferred revenue

    beginning of year $13,107 · end of year $7,845

  • 23 · Secured mortgages and notes payable

    beginning of year $1,777,709 · end of year $1,709,032

  • 25 · Other liabilities

    beginning of year $42,444 · end of year $45,281

  • 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 -$58,685 · end of year $71,619

Mission and programs · 2022

Mission

LOW INCOME HOUSING

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

    Expenses $591,195 · Revenue $721,499

As filed on the 2022 return.

Listed in Part VII

  • James Harrison

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kurt Shangraw

    TREASURER

    Total calculated
    $40,745
    From this org
    $0
    From related orgs
    $40,745
    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
2022
Filed
12 December 2023
IRS schema version
2022v5.0
Source object
202333469349300013

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