Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $3,227 · excluded $3,227

• 6a · Gross rents

  real property $412,649

• 6b · Less rental expenses

  real property $711,802

• 6c · Rental income or loss

  real property -$299,153

• 6d · Net rental income or loss

  total -$299,153 · related or exempt -$299,153

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $515,979 · end of year $456,473

• 2 · Savings and temporary cash investments

  beginning of year $70,644 · end of year $71,739

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,808 · end of year $6,341

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

  $14,309,314

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

  $5,010,459

• 10c · Land, buildings and equipment, net

  beginning of year $9,233,787 · end of year $9,298,855

• 17 · Accounts payable and accrued expenses

  beginning of year $29,561 · end of year $67,717

• 23 · Secured mortgages and notes payable

  beginning of year $1,250,000 · end of year $1,250,000

• 25 · Other liabilities

  beginning of year $5,696,460 · end of year $5,964,420

• 27 · Net assets without donor restrictions

  beginning of year $2,847,197 · end of year $2,551,271

The filer's explanations (Part III)

PART III

THE COMPENSATION IS PAID BY A RELATED ORGANIZATION, WAYPOINT, THAT USES THE FOLLOWING PROCEDURE: THE TREASURER PREPARES A REPORT FOR THE COMPENSATION COMMITTEE THAT INCLUDES THE USE OF COMPENSATION SURVEYS. THE COMPENSATION COMMITTEE REVIEWS THE INFORMATION PROVIDED ALONG WITH THE INFORMATION OBTAINED BY COMMITTEE MEMBERS FROM OTHER NON-PROFIT ORGANIZATIONS. BASED ON THIS INFORMATION, THE COMMITTEE MAKES A RECOMMENDATION TO THE FULL BOARD FOR THEIR CONSIDERATION. THE BOARD THEN DETERMINES AND APPROVES THE FINAL COMPENSATION AMOUNT.