Totals
- Total revenue
- $1,034,008
- Total expenses
- $945,228
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,027,769
- Investment income
- $387
- Other revenue
- $5,852
- Total assets, end of year
- $637,206
- Total liabilities, end of year
- $2,628,109
- Net assets or fund balances, end of year
- -$1,990,903
- Program services expenses (Part IX)
- $945,228
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $945,228
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: RENT REVENUE - HUD
total $532,270 · related or exempt $532,270
-
2b · Program service revenue: TENANT ASSISTANCE PAYMENT
total $495,499 · related or exempt $495,499
-
3 · Investment income
total $387 · excluded $387
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: LAUNDRY & VENDING REVENUE
total $5,079 · excluded $5,079
-
11b · Other revenue: MISCELLANEOUS REVENUE
total $180 · excluded $180
-
11c · Other revenue: TENANT CHARGES
total $593 · excluded $593
-
11e · Other revenue, total
$5,852
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $108,476 · program services $108,476
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $23,206 · program services $23,206
-
10 · Payroll taxes
total $3,966 · program services $3,966
-
11a · Fees: management
total $63,830 · program services $63,830
-
11b · Fees: legal
total $120 · program services $120
-
11c · Fees: accounting
total $28,161 · program services $28,161
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $2,258 · program services $2,258
-
13 · Office expenses
total $13,325 · program services $13,325
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $485,210 · program services $485,210
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,262 · program services $2,262
-
20 · Interest
total $125,019 · program services $125,019
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $31,507 · program services $31,507
-
23 · Insurance
total $39,295 · program services $39,295
-
24a · Other expenses: BAD DEBTS
total $10,489 · program services $10,489
-
24b · Other expenses: TRACS
total $4,398 · program services $4,398
-
24c · Other expenses: OTHER RENTING EXPENSES
total $1,789 · program services $1,789
-
24d · Other expenses: SECURITY
total $1,555 · program services $1,555
-
24e · All other expenses
total $362 · program services $362
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $66,800 · end of year $56,701
-
2 · Savings and temporary cash investments
beginning of year $10,900 · end of year $11,215
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $33,371 · end of year $34,697
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$3,898,985
-
10b · Land, buildings and equipment: accumulated depreciation
$3,552,447
-
10c · Land, buildings and equipment, net
beginning of year $378,045 · end of year $346,538
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $201,890 · end of year $188,055
-
17 · Accounts payable and accrued expenses
beginning of year $173,458 · end of year $87,821
-
23 · Secured mortgages and notes payable
beginning of year $2,575,442 · end of year $2,526,090
-
25 · Other liabilities
beginning of year $21,789 · end of year $14,198
-
27 · Net assets without donor restrictions
beginning of year -$2,122,904 · end of year -$2,034,124
-
28 · Net assets with donor restrictions
beginning of year $43,221 · end of year $43,221
Mission and programs · 2023
Mission
TO PROVIDE DECENT, AFFORDABLE HOUSING FOR LOW-INCOME SENIOR CITIZENS.
Activities or mission (Part I)
TO PROVIDE DECENT, AFFORDABLE HOUSING FOR LOW-INCOME SENIOR CITIZENS
-
THE CORPORATION SUCCESSFULLY ACQUIRED, OWNS, AND OPERATES A GOVERNMENT-SPONSORED, MULTI-FAMILY APARTMENT COMPLEX. THIS ALLOWS FOR THE RENTAL OF UNITS TO LOW-INCOME AND ELDERALY INDIVIDUALS.
Expenses $945,228 · Revenue $1,027,769
As filed on the 2023 return.
Listed in Part VII
-
LINDA METROPULOS
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
RON CIOTTI
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
JAMES EASH
Director
- Total calculated
- $0
- Hours/week
- 0
-
LAWRENCE A SWANSON
President
- Total calculated
- $0
- Hours/week
- 0
-
LENA ANDREWS
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
JOE COSTA
Director
- Total calculated
- $0
- Hours/week
- 0
-
MATT PATSEY
Asst Controller
- Total calculated
- $0
- Hours/week
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431359349311653
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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