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← REAL SERVICES HOUSING INC

Form 990 for tax year 2024

Filed by REAL SERVICES HOUSING INC.

Totals

Total revenue
$341,391
Total expenses
$314,321
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$311,696
Investment income
$29,695
Other revenue
$0
Total assets, end of year
$2,556,042
Total liabilities, end of year
$265,970
Net assets or fund balances, end of year
$2,290,072
Program services expenses (Part IX)
$311,695
Management and general expenses
$2,626
Fundraising expenses
$0
Program service expenses (Part III)
$311,695

Program services were 99.2% 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 FROM SUPPORTED OR

    total $311,696 · related or exempt $311,696

  • 3 · Investment income

    total $29,695 · excluded $29,695

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $48,351 · program services $48,351

  • 8 · Pension plan contributions

    total $259 · program services $259

  • 10 · Payroll taxes

    total $3,724 · program services $3,724

  • 11f · Fees: investment management

    total $2,626 · management and general $2,626

  • 11g · Fees: other

    total $13,128 · program services $13,128

  • 16 · Occupancy

    total $135,987 · program services $135,987

  • 22 · Depreciation, depletion and amortization

    total $103,603 · program services $103,603

  • 23 · Insurance

    total $5,619 · program services $5,619

  • 24a · Other expenses: ON-LINE FEES

    total $522 · program services $522

  • 24b · Other expenses: COMMUNICATIONS

    total $502 · program services $502

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $215,297 · end of year $287,690

  • 4 · Accounts receivable

    beginning of year $152,821 · end of year $202,589

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

    $3,263,276

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

    $1,813,426

  • 10c · Land, buildings and equipment, net

    beginning of year $1,550,713 · end of year $1,449,850

  • 11 · Investments: publicly traded securities

    beginning of year $575,500 · end of year $615,913

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,220 · end of year $15,970

  • 25 · Other liabilities

    beginning of year $250,000 · end of year $250,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,226,111 · end of year $2,290,072

Mission and programs · 2024

Mission

LEASE FACILITIES TO REAL SERVICES, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES SERVICES TO OLDER ADULTS AND LOW-INCOME PERSONS.

  • LEASE FACILITIES TO REAL SERVICES, INC.

    Expenses $311,695

As filed on the 2024 return.

Listed in Part VII

  • Karla Ann Mapes

    PRESIDENT/CE

    Total calculated
    $165,677
    From this org
    $0
    From related orgs
    $154,500
    Other
    $11,177
    Hours/week
    0.5 + 37 related

    Schedule J breakdown matched by us

    Base
    not reported + $154,500 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $11,177 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $165,677 related

  • Kevin Bouma

    DIR. ADMIN &

    Total calculated
    $88,383
    From this org
    $0
    From related orgs
    $71,722
    Other
    $16,661
    Hours/week
    0.5 + 37 related

  • Stephen Gazdick

    DIR. ADMIN &

    Total calculated
    $60,839
    From this org
    $0
    From related orgs
    $50,769
    Other
    $10,070
    Hours/week
    0.5 + 37 related

  • Steven Watts

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Doris Portolese

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

  • Kim Sisco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Peter H Mullen

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART III
THE COMPENSATION OF THE PRESIDENT/CEO IS ESTABLISHED BY THE INDEPENDENT FINANCE COMMITTEE OF REAL SERVICES, INC., A RELATED ORGANIZATION, AFTER REVIEW OF COMPARABLE FORM 990'S AND IS APPROVED BY THE INDEPENDENT BOARD OF DIRECTORS OF REAL SERVICES, INC.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
20 March 2025
IRS schema version
2024v5.0
Source object
202640849349300904

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