Totals
- Total revenue
- $716,402
- Total expenses
- $699,182
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $714,108
- Investment income
- $157
- Other revenue
- $2,137
- Total assets, end of year
- $851,166
- Total liabilities, end of year
- $1,908,005
- Net assets or fund balances, end of year
- -$1,056,839
- Program services expenses (Part IX)
- $658,280
- Management and general expenses
- $40,902
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $658,280
Program services were 94.2% 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: RENTAL INCOME
total $713,230 · related or exempt $713,230
-
2b · Program service revenue: LAUNDRY AND VENDING
total $769 · excluded $769
-
2c · Program service revenue: TENANT CHARGES
total $109 · related or exempt $109
-
3 · Investment income
total $157 · excluded $157
-
11a · Other revenue: MISCELLANEOUS
total $2,137 · related or exempt $2,137
-
11e · Other revenue, total
$2,137
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $36,564 · program services $36,564
-
11b · Fees: legal
total $1,289 · management and general $1,289
-
11c · Fees: accounting
total $19,180 · management and general $19,180
-
11g · Fees: other
total $249,740 · program services $230,570 · management and general $19,170
-
12 · Advertising and promotion
total $910 · program services $910
-
13 · Office expenses
total $31,327 · program services $31,327
-
16 · Occupancy
total $204,803 · program services $204,803
-
22 · Depreciation, depletion and amortization
total $69,037 · program services $69,037
-
23 · Insurance
total $8,681 · program services $8,681
-
24a · Other expenses: MAINTENANCE EXPENSE
total $41,912 · program services $41,912
-
24b · Other expenses: RESIDUAL RECEIPTS RECAP
total $24,237 · program services $24,237
-
24c · Other expenses: BAD DEBTS
total $6,535 · program services $6,535
-
24d · Other expenses: RENTING EXPENSE
total $3,504 · program services $3,504
-
24e · All other expenses
total $1,463 · program services $200 · management and general $1,263
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,729 · end of year $1,697
-
2 · Savings and temporary cash investments
beginning of year $14,857 · end of year $15,359
-
4 · Accounts receivable
beginning of year $2,407 · end of year $2,034
-
9 · Prepaid expenses and deferred charges
beginning of year $5,765 · end of year $6,443
-
10a · Land, buildings and equipment: cost or other basis
$2,813,886
-
10b · Land, buildings and equipment: accumulated depreciation
$2,291,549
-
10c · Land, buildings and equipment, net
beginning of year $571,759 · end of year $522,337
-
15 · Other assets
beginning of year $268,358 · end of year $303,296
-
17 · Accounts payable and accrued expenses
beginning of year $59,716 · end of year $61,119
-
19 · Deferred revenue
beginning of year $851 · end of year $1,219
-
23 · Secured mortgages and notes payable
beginning of year $1,900,229 · end of year $1,831,216
-
25 · Other liabilities
beginning of year $14,138 · end of year $14,451
-
27 · Net assets without donor restrictions
beginning of year -$1,074,059 · end of year -$1,056,839
Mission and programs · 2023
Mission
PROVIDES LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS.
Activities or mission (Part I)
PROVIDES LOW-INCOME HOUSING FOR ELDERLY AND HANDICAPPED PERSONS
-
PROVIDES LOW-INCOME HOUSING TO SENIOR CITIZENS IN A 58-UNIT APARTMENT COMPLEX
Expenses $658,280 · Revenue $715,476
As filed on the 2023 return.
Listed in Part VII
-
Elmer JacobsELMER JACOBS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Herbert NewmanHERBERT NEWMAN
VP, SECRETARY, TREASURER
- Total calculated
- $0
- Hours/week
- 1
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
- 6 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202431589349301458
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