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← GEER VILLAGE HOUSING & DEVELOPMENT COMPANY

Form 990 for tax year 2023

Filed by GEER VILLAGE HOUSING & DEVELOPMENT COMPANY.

Totals

Total revenue
$486,986
Total expenses
$668,992
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$486,854
Investment income
$132
Other revenue
$0
Total assets, end of year
$2,802,752
Total liabilities, end of year
$115,579
Net assets or fund balances, end of year
$2,687,173
Program services expenses (Part IX)
$553,238
Management and general expenses
$115,754
Fundraising expenses
$0
Program service expenses (Part III)
$553,238

Program services were 82.7% 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: BECKLEY

    total $379,006 · related or exempt $379,006

  • 2b · Program service revenue: EXPANSION

    total $107,848 · related or exempt $107,848

  • 3 · Investment income

    total $132 · related or exempt $132

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $84,959 · program services $72,563 · management and general $12,396

  • 10 · Payroll taxes

    total $29,038 · program services $24,809 · management and general $4,229

  • 11a · Fees: management

    total $37,915 · management and general $37,915

  • 11c · Fees: accounting

    total $16,056 · management and general $16,056

  • 12 · Advertising and promotion

    total $465 · management and general $465

  • 13 · Office expenses

    total $40,751 · management and general $40,751

  • 19 · Conferences, conventions and meetings

    total $611 · management and general $611

  • 22 · Depreciation, depletion and amortization

    total $220,573 · program services $218,241 · management and general $2,332

  • 23 · Insurance

    total $19,361 · program services $19,361

  • 24a · Other expenses: UTILITIES

    total $99,836 · program services $98,837 · management and general $999

  • 24b · Other expenses: BUILDING REPAIR & MAINTEN

    total $69,436 · program services $69,436

  • 24c · Other expenses: ELDERLY SERVICES COSTS

    total $49,533 · program services $49,533

  • 24d · Other expenses: WORKERS COMP

    total $455 · program services $455

  • 24e · All other expenses

    total $3 · program services $3

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,760 · end of year $19,075

  • 2 · Savings and temporary cash investments

    beginning of year $302,607 · end of year $254,611

  • 4 · Accounts receivable

    beginning of year $7,028 · end of year $243

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,447

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

    $6,629,408

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

    $4,100,585

  • 10c · Land, buildings and equipment, net

    beginning of year $2,655,333 · end of year $2,528,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,768 · end of year $100,294

  • 19 · Deferred revenue

    end of year $1

  • 25 · Other liabilities

    beginning of year $14,475 · end of year $15,284

  • 27 · Net assets without donor restrictions

    beginning of year -$2,081,686 · end of year -$2,272,445

  • 28 · Net assets with donor restrictions

    beginning of year $4,959,618 · end of year $4,959,618

Mission and programs · 2023

Mission

TO DEVELOP AND OPERATE A 24 UNIT, SUBSIDIZED ELDERLY HOUSING PROJECT.

Activities or mission (Part I)

TO PROVIDE AN INDEPENDENT LIVING FACILITY TO QUALIFIED ELDERLY INDIVIDUALS TO IMPROVE THEIR QUALITY O FLIFE AND ATTEMPT TO MAXIMIZE THEIR LONGEVITY OF INDEPENDENT LIVING.

  • LOW INCOME SUBSIDIZED ELDERLY HOUSING-24 UNITS.

    Expenses $403,450 · Revenue $379,006

  • EXPANSION PROJECT-10 UNITS.

    Expenses $149,788 · Revenue $107,848

As filed on the 2023 return.

Listed in Part VII

  • Cyd Emmons

    DIRECTOR

    Total calculated
    $0

  • Samuel Herrick

    DIRECTOR

    Total calculated
    $0

  • Lance Leifert

    VICE CHAIR/T

    Total calculated
    $0

  • Karin Robinson

    DIRECTOR

    Total calculated
    $0

  • Rich Solan

    DIRECTOR

    Total calculated
    $0

  • Eileen Fox

    SECRETARY

    Total calculated
    $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.

Provenance

Return type
form_990
Tax year
2023
Filed
27 May 2025
IRS schema version
2023v6.0
Source object
202521549349301117

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