Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $842,673

• 2a · Program service revenue: TENANT RENTAL PAYMENTS

  total $227,955 · related or exempt $227,955

• 3 · Investment income

  total $22,939 · excluded $22,939

• 11d · All other revenue

  total $17,538 · related or exempt $17,538

• 11e · Other revenue, total

  $17,538

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $27,537 · management and general $27,537

• 11c · Fees: accounting

  total $40,671 · management and general $40,671

• 11g · Fees: other

  total $132,147 · program services $69,169 · management and general $62,978

• 13 · Office expenses

  total $3,049 · program services $560 · management and general $2,489

• 16 · Occupancy

  total $633,123 · program services $633,123

• 22 · Depreciation, depletion and amortization

  total $89,974 · program services $89,974

• 24a · Other expenses: BAD DEBTS

  total $190,042 · management and general $190,042

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $130,829 · end of year $120,445

• 4 · Accounts receivable

  beginning of year $334,421 · end of year $62,571

• 9 · Prepaid expenses and deferred charges

  end of year $25,179

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

  $4,444,417

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

  $3,212,367

• 10c · Land, buildings and equipment, net

  beginning of year $1,322,024 · end of year $1,232,050

• 15 · Other assets

  beginning of year $913,041 · end of year $1,290,077

• 17 · Accounts payable and accrued expenses

  beginning of year $197,931 · end of year $306,314

• 19 · Deferred revenue

  beginning of year $24,522 · end of year $22,003

• 23 · Secured mortgages and notes payable

  beginning of year $7,731 · end of year $0

• 25 · Other liabilities

  beginning of year $26,861 · end of year $195,199

• 27 · Net assets without donor restrictions

  beginning of year $2,443,270 · end of year $2,206,806

The filer's explanations (Part III)

PART I, LINE 3

ALL EMPLOYEES WERE COMPENSATED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE FISCAL YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINES 4A-B

THE COMPENSATING ORGANIZATION HAS SPLIT DOLLAR LIFE POLICIES FOR CERTAIN EMPLOYEES. THE FOLLOWING EMPLOYEES LISTED ON SCHEDULE 990 PART VII SECTION A HAVE ADDITIONAL COMPENSATION INCLUDED IN THEIR W-2 WAGES FOR THE CALENDAR YEAR 2024 IN THE FOLLOWING AMOUNTS: KERRY J. OLLEN - $366,085 WILLIAM SPRAGUE - $84,351 THE COMPENSATING ORGANIZATION MADE SEVERANCE PAYMENTS TO THE BELOW INDIVIDUAL DURING CALENDAR YEAR 2024: LOUIS JOSEPHSON - $204,406