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← EAST 5TH STREET APARTMENTS INC

Form 990 for tax year 2023

Filed by EAST 5TH STREET APARTMENTS INC.

Totals

Total revenue
$26,870
Total expenses
$95,788
Contributions and grants received
$21,476
Grants paid
$0
Program service revenue
$5,390
Investment income
$4
Other revenue
$0
Total assets, end of year
$766,749
Total liabilities, end of year
$588,248
Net assets or fund balances, end of year
$178,501
Program services expenses (Part IX)
$90,056
Management and general expenses
$5,732
Fundraising expenses
$0
Program service expenses (Part III)
$90,056

Program services were 94.0% 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.

  • 1e · Government grants (contributions)

    $21,476

  • 2a · Program service revenue: TENANT RENTS

    total $5,117 · related or exempt $5,117

  • 2b · Program service revenue: TENANT CHARGES

    total $273 · related or exempt $273

  • 3 · Investment income

    total $4 · excluded $4

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,621 · program services $3,621

  • 11b · Fees: legal

    total $696 · program services $696

  • 11c · Fees: accounting

    total $5,058 · management and general $5,058

  • 13 · Office expenses

    total $2,217 · program services $2,217

  • 16 · Occupancy

    total $13,319 · program services $13,319

  • 19 · Conferences, conventions and meetings

    total $10 · program services $10

  • 22 · Depreciation, depletion and amortization

    total $27,432 · program services $27,432

  • 23 · Insurance

    total $7,113 · program services $7,113

  • 24a · Other expenses: CONTRACTS

    total $15,891 · program services $15,891

  • 24b · Other expenses: MAINTENANCE SALARY REIM

    total $4,472 · program services $4,472

  • 24c · Other expenses: SUPPLIES

    total $3,580 · program services $3,580

  • 24d · Other expenses: MANAGER SALARIES

    total $2,875 · program services $2,875

  • 24e · All other expenses

    total $9,504 · program services $8,830 · management and general $674

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,131 · end of year $338

  • 2 · Savings and temporary cash investments

    beginning of year $53,196 · end of year $31,156

  • 4 · Accounts receivable

    beginning of year $17,835 · end of year $3,715

  • 9 · Prepaid expenses and deferred charges

    beginning of year $97 · end of year $89

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

    $1,081,730

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

    $350,957

  • 10c · Land, buildings and equipment, net

    beginning of year $748,000 · end of year $730,773

  • 15 · Other assets

    beginning of year $903 · end of year $678

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,617 · end of year $21,822

  • 19 · Deferred revenue

    beginning of year $299 · end of year $824

  • 23 · Secured mortgages and notes payable

    beginning of year $564,927 · end of year $564,927

  • 25 · Other liabilities

    beginning of year $900 · end of year $675

  • 27 · Net assets without donor restrictions

    beginning of year $247,419 · end of year $178,501

Mission and programs · 2023

Mission

TO PROVIDE PERMANENT HOUSING FOR HOMELESS INDIVIDUALS.

  • OPERATING AS 8 UNIT APARTMENT COMPLEX TO PROVIDE PERMANENT HOUSING FOR HOMELESS INDIVIDUALS.

    Expenses $90,056 · Revenue $5,389

As filed on the 2023 return.

Listed in Part VII

  • Craig Peatross

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Mallory Oldham

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Garry Merritt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Diane Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Tammy Vernon

    TREASURER

    Total calculated
    $120,248
    From this org
    $0
    From related orgs
    $120,248
    Other
    $0
    Hours/week
    0.2 + 40 related

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
13 May 2025
IRS schema version
2023v6.0
Source object
202511349349302046

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