Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EQUITY IN EARNINGS OF

  total $7,992,714 · related or exempt $7,992,714

• 2b · Program service revenue: RENT REVENUE

  total $1,230,375 · related or exempt $1,230,375

• 2c · Program service revenue: SUPPORTING REVENUE

  total $375 · related or exempt $375

• 3 · Investment income

  total $181,432 · excluded $181,432

• 6a · Gross rents

  real property $33,623

• 6b · Less rental expenses

  real property $12,792

• 6c · Rental income or loss

  real property $20,831

• 6d · Net rental income or loss

  total $20,831 · excluded $20,831

• 7a · Gross sales of assets other than inventory

  securities $705,812 · other assets $179,488

• 7b · Less cost or other basis and sales expenses

  securities $647,630 · other assets $131,396

• 7c · Gain or loss

  securities $58,182 · other assets $48,092

• 7d · Net gain or loss

  total $106,274 · excluded $106,274

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $355,700 · program services $266,775 · management and general $88,925

• 11c · Fees: accounting

  total $15,610 · management and general $15,610

• 11g · Fees: other

  total $8,803 · program services $8,064 · management and general $739

• 12 · Advertising and promotion

  total $5,553 · management and general $5,553

• 13 · Office expenses

  total $41,322 · program services $1,638 · management and general $39,684

• 16 · Occupancy

  total $83,058 · program services $31,938 · management and general $51,120

• 20 · Interest

  total $73,416 · program services $73,416

• 22 · Depreciation, depletion and amortization

  total $774,151 · program services $753,249 · management and general $20,902

• 23 · Insurance

  total $65,711 · program services $16,995 · management and general $48,716

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $39,060 · program services $36,580 · management and general $2,480

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,501,195 · end of year $1,123,068

• 4 · Accounts receivable

  beginning of year $2,122 · end of year $2,122

• 9 · Prepaid expenses and deferred charges

  beginning of year $49,583 · end of year $54,252

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

  $26,010,563

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

  $18,947,740

• 10c · Land, buildings and equipment, net

  beginning of year $7,829,730 · end of year $7,062,823

• 11 · Investments: publicly traded securities

  beginning of year $6,581,870 · end of year $7,254,217

• 12 · Investments: other securities

  beginning of year $88,649,756 · end of year $96,196,656

• 15 · Other assets

  beginning of year $33,500 · end of year $56,807

• 17 · Accounts payable and accrued expenses

  beginning of year $14,800 · end of year $9,719

• 20 · Tax-exempt bond liabilities

  beginning of year $1,468,574 · end of year $1,231,888

• 25 · Other liabilities

  beginning of year $748,690 · end of year $10,045

• 27 · Net assets without donor restrictions

  beginning of year $102,415,692 · end of year $110,498,293

The filer's explanations (Part III)

PART I, LINE 3

PRESIDENT/CEO IS COMPENSATED BY AN UNRELATED MANAGEMENT COMPANY. A RELATED ORGANIZATION AND THE MANAGEMENT COMPANY HAVE A PROCESS IN PLACE TO DETERMINE THE CEO'S COMPENSATION: A COMPENSATION COMMITTEE, USING THE FORM 990 OF OTHER ORGANIZATIONS, AND THE APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.