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Nonprofiteer
← BOUCHER APARTMENTS INC

Form 990 for tax year 2022

Filed by BOUCHER APARTMENTS INC.

Totals

Total revenue
$1,161,362
Total expenses
$1,340,201
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,153,861
Investment income
$504
Other revenue
$6,997
Total assets, end of year
$1,660,778
Total liabilities, end of year
$3,679,943
Net assets or fund balances, end of year
-$2,019,165
Program services expenses (Part IX)
$1,340,201
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,340,201

Program services were 100.0% 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.

  • 2a · Program service revenue: TENANT RENTS

    total $1,115,616 · related or exempt $1,115,616

  • 2b · Program service revenue: RESIDENT SERVICE GRANT

    total $38,245 · related or exempt $38,245

  • 3 · Investment income

    total $504 · excluded $504

  • 11a · Other revenue: MISCELLANEOUS

    total $6,997 · related or exempt $6,997

  • 11e · Other revenue, total

    $6,997

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $69,768 · program services $69,768

  • 11b · Fees: legal

    total $3,710 · program services $3,710

  • 11c · Fees: accounting

    total $7,500 · program services $7,500

  • 13 · Office expenses

    total $21,573 · program services $21,573

  • 20 · Interest

    total $149,201 · program services $149,201

  • 22 · Depreciation, depletion and amortization

    total $121,526 · program services $121,526

  • 23 · Insurance

    total $51,943 · program services $51,943

  • 24a · Other expenses: PAYROLL REIMBURSEMENT

    total $262,903 · program services $262,903

  • 24b · Other expenses: REPAIRS

    total $254,143 · program services $254,143

  • 24c · Other expenses: UTILITIES

    total $179,542 · program services $179,542

  • 24d · Other expenses: RE TAXES

    total $124,423 · program services $124,423

  • 24e · All other expenses

    total $93,969 · program services $93,969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,820 · end of year $40,961

  • 2 · Savings and temporary cash investments

    beginning of year $16,191 · end of year $14,990

  • 3 · Pledges and grants receivable

    beginning of year $19,638 · end of year $21,613

  • 4 · Accounts receivable

    beginning of year $5,647 · end of year $4,581

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,285 · end of year $3,373

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

    $6,797,982

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

    $5,555,553

  • 10c · Land, buildings and equipment, net

    beginning of year $1,363,955 · end of year $1,242,429

  • 14 · Intangible assets

    beginning of year $111,219 · end of year $106,161

  • 15 · Other assets

    beginning of year $228,821 · end of year $226,670

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,049 · end of year $181,565

  • 19 · Deferred revenue

    beginning of year $5,430 · end of year $1,108

  • 23 · Secured mortgages and notes payable

    beginning of year $3,568,342 · end of year $3,482,069

  • 25 · Other liabilities

    beginning of year $16,081 · end of year $15,201

  • 27 · Net assets without donor restrictions

    beginning of year -$1,840,326 · end of year -$2,019,165

Mission and programs · 2022

Mission

HOUSING FOR LOW AND MODERATE INCOME PERSONS UNDER SECTIONS 8 AND 202 OF THE NATIONAL HOUSING ACT

Activities or mission (Part I)

LOW INCOME HOUSING FOR DISABLED AND ELDERLY PERSONS UNDER SECTIONS 202 AND 8 OF THE NATIONAL HOUSING ACT

  • 74 UNIT APARTMENT IN MULTIPLE BUILDINGS FOR LOW AND MODERATE INCOME MENTALLY ILL PERSONS

    Expenses $1,340,201 · Revenue $1,160,858

As filed on the 2022 return.

Listed in Part VII

  • Benedict F Lessing Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Marianne Grondalski

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Debra A Hawes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Kubas-Meyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joseph Garlick Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Dumouchel

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephen Kearns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Felice Demmarais

    CHAIR

    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.

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
2022
Filed
18 September 2023
IRS schema version
2022v5.0
Source object
202332719349300638

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