Totals
- Total revenue
- $287,157
- Total expenses
- $267,419
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $285,599
- Investment income
- $0
- Other revenue
- $1,558
- Total assets, end of year
- $6,522,343
- Total liabilities, end of year
- $3,370,914
- Net assets or fund balances, end of year
- $3,151,429
- Program services expenses (Part IX)
- $209,807
- Management and general expenses
- $57,612
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $209,807
Program services were 78.5% 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.
-
2a · Program service revenue: LOW INCOME HOUSING MGM
total $285,599 · related or exempt $285,599
-
11a · Other revenue: OTHER INCOME
total $1,558 · related or exempt $1,558
-
11e · Other revenue, total
$1,558
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $15,570 · management and general $15,570
-
11b · Fees: legal
total $41,742 · management and general $41,742
-
11c · Fees: accounting
total $300 · management and general $300
-
13 · Office expenses
total $5,675 · program services $5,675
-
16 · Occupancy
total $87,431 · program services $87,431
-
20 · Interest
total $35,130 · program services $35,130
-
22 · Depreciation, depletion and amortization
total $30,437 · program services $30,437
-
24a · Other expenses: CONTRACT SERVICES
total $41,341 · program services $41,341
-
24b · Other expenses: RESIDENT ACTIVITIES
total $9,775 · program services $9,775
-
24c · Other expenses: MISCELLANOUS
total $18 · program services $18
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $140,299
-
2 · Savings and temporary cash investments
beginning of year $69
-
4 · Accounts receivable
beginning of year $112,102 · end of year $16,000
-
9 · Prepaid expenses and deferred charges
end of year $41,018
-
10a · Land, buildings and equipment: cost or other basis
$8,742,359
-
10b · Land, buildings and equipment: accumulated depreciation
$2,963,917
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $5,778,442
-
12 · Investments: other securities
beginning of year $2,898,780
-
15 · Other assets
beginning of year $0 · end of year $546,584
-
17 · Accounts payable and accrued expenses
end of year $336,626
-
19 · Deferred revenue
end of year $811
-
23 · Secured mortgages and notes payable
end of year $2,994,733
-
25 · Other liabilities
beginning of year $0 · end of year $38,744
-
27 · Net assets without donor restrictions
beginning of year $3,010,951 · end of year $3,151,429
Mission and programs · 2023
Mission
PROVIDE SUBSIDIZED HOUSING FOR VERY LOW INCOME ELDERLY OR DISABLED INDIVIDUALS.
-
PROVIDED APARTMENT UNITS TO 99 VERY LOW INCOME ELDERLY OR DISABLED INDIVIDUALS. ALSO PROVIDED FUNDING FOR COUNSELING AND HEALTH PROMOTION SERVICES AND PLANNED AND IMPLEMENTED RECREATIONAL AND SOCIAL ACTIVITIES FOR THE VERY LOW INCOME ELDERLY OR DISABLED RESIDENTS OF THE APARTMENT BUILDING.
Expenses $209,807 · Revenue $287,157
As filed on the 2023 return.
Listed in Part VII
-
Denise Brown-CorneliusDENISE BROWN-CORNELIUS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Troy BurdenTROY BURDEN
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Brian PfaadtBRIAN PFAADT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
William J StewartWILLIAM J STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gabri WarrenGABRI WARREN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl LoveCHERYL LOVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John KisselJOHN KISSEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda BaileyLINDA BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tonya WilliamsTONYA WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslie MaxieLESLIE MAXIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julia Senn-ReevesJULIA SENN-REEVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harry BaldwinHARRY BALDWIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie HartmannJULIE HARTMANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Colleen CraftCOLLEEN CRAFT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ray BrundigeRAY BRUNDIGE
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
HIGHLANDS COURT APARTMENTS LLC
OPERATE 100 UNIT APART. BLDG. UNDER HUD'S SECTION 8 HOUSING ASSIST. PROGRAM · KY · income $287,156 · assets $6,522,274
Directly controlled by HIGHLANDS COURT INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349307634
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