Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL REVENUE

  total $1,609,221 · related or exempt $1,609,221

• 3 · Investment income

  total $45,553 · excluded $45,553

• 11a · Other revenue: LAUNDRY

  total $4,515 · excluded $4,515

• 11b · Other revenue: DAMAGE REIMBURSEMENTS

  total $1,091 · excluded $1,091

• 11c · Other revenue: LATE/NSF CHARGES

  total $425 · excluded $425

• 11d · All other revenue

  total $525 · excluded $525

• 11e · Other revenue, total

  $6,556

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $223,266 · program services $140,304 · management and general $82,962

• 8 · Pension plan contributions

  total $9,593 · program services $6,163 · management and general $3,430

• 9 · Other employee benefits

  total $28,026 · program services $18,006 · management and general $10,020

• 10 · Payroll taxes

  total $16,611 · program services $10,221 · management and general $6,390

• 11a · Fees: management

  total $96,411 · management and general $96,411

• 11b · Fees: legal

  total $27,484 · management and general $27,484

• 11c · Fees: accounting

  total $13,933 · management and general $13,933

• 11g · Fees: other

  total $199,701 · program services $179,344 · management and general $20,357

• 12 · Advertising and promotion

  total $358 · program services $358

• 13 · Office expenses

  total $54,481 · program services $44,991 · management and general $9,490

• 14 · Information technology

  total $9,853 · program services $1,950 · management and general $7,903

• 16 · Occupancy

  total $220,233 · program services $220,233

• 17 · Travel

  total $3,351 · program services $3,351

• 19 · Conferences, conventions and meetings

  total $469 · program services $469

• 22 · Depreciation, depletion and amortization

  total $122,743 · program services $122,743

• 24a · Other expenses: BAD DEBT

  total $22,137 · management and general $22,137

• 24b · Other expenses: STAFF APARTMENT EXPENSE

  total $8,634 · management and general $8,634

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $1,029 · management and general $1,029

• 24d · Other expenses: MISCELLANEOUS EXPENSE

  total $594 · program services $594

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $300 · end of year $300

• 2 · Savings and temporary cash investments

  beginning of year $596,452 · end of year $975,586

• 4 · Accounts receivable

  beginning of year $44,860 · end of year $36,314

• 9 · Prepaid expenses and deferred charges

  beginning of year $74,583 · end of year $14,854

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

  $6,347,491

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

  $5,216,890

• 10c · Land, buildings and equipment, net

  beginning of year $1,048,733 · end of year $1,130,601

• 11 · Investments: publicly traded securities

  beginning of year $1,041,900 · end of year $1,143,827

• 15 · Other assets

  beginning of year $162,473 · end of year $571,062

• 17 · Accounts payable and accrued expenses

  beginning of year $61,883 · end of year $76,606

• 19 · Deferred revenue

  beginning of year $3,076

• 21 · Escrow or custodial account liability

  beginning of year $43,712 · end of year $43,839

• 25 · Other liabilities

  beginning of year $128,862 · end of year $9,319

• 27 · Net assets without donor restrictions

  beginning of year $2,569,295 · end of year $3,171,718

• 28 · Net assets with donor restrictions

  beginning of year $162,473 · end of year $571,062

The filer's explanations (Part III)

PART I, LINE 3

OFFICERS AND KEY EMPLOYEES ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS OR STUDIES, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.