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Nonprofiteer
← ST LUCAS RIVERSIDE APARTMENTS INC

Form 990 for tax year 2024

Filed by ST LUCAS RIVERSIDE APARTMENTS INC.

Totals

Total revenue
$337,958
Total expenses
$325,605
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$318,224
Investment income
$19,490
Other revenue
$244
Total assets, end of year
$1,707,453
Total liabilities, end of year
$2,350,761
Net assets or fund balances, end of year
-$643,308
Program services expenses (Part IX)
$290,417
Management and general expenses
$35,188
Fundraising expenses
$0
Program service expenses (Part III)
$290,417

Program services were 89.2% 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: TENANT ASSISTANCE HUD

    total $238,562 · related or exempt $238,562

  • 2b · Program service revenue: RENTAL INCOME

    total $79,662 · related or exempt $79,662

  • 3 · Investment income

    total $19,490 · excluded $19,490

  • 11a · Other revenue: OTHER INCOME

    total $244 · excluded $244

  • 11e · Other revenue, total

    $244

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $22,995 · management and general $22,995

  • 11c · Fees: accounting

    total $8,150 · management and general $8,150

  • 12 · Advertising and promotion

    total $700 · program services $700

  • 13 · Office expenses

    total $4,093 · program services $4,093

  • 14 · Information technology

    total $9,070 · program services $9,070

  • 16 · Occupancy

    total $30,873 · program services $30,873

  • 19 · Conferences, conventions and meetings

    total $4,043 · management and general $4,043

  • 20 · Interest

    total $64,417 · program services $64,417

  • 22 · Depreciation, depletion and amortization

    total $49,561 · program services $49,561

  • 23 · Insurance

    total $38,451 · program services $38,451

  • 24a · Other expenses: MANAGEMENT EXPENSE STAF

    total $38,520 · program services $38,520

  • 24b · Other expenses: CONTRACT SERVICES

    total $24,496 · program services $24,496

  • 24c · Other expenses: MISCELLANEOUS EXPENSE

    total $10,157 · program services $10,157

  • 24d · Other expenses: SNOW REMOVAL

    total $6,049 · program services $6,049

  • 24e · All other expenses

    total $14,030 · program services $14,030

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,961

  • 4 · Accounts receivable

    beginning of year $5,966 · end of year $17,065

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,700 · end of year $2,499

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

    $2,518,147

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

    $1,219,369

  • 10c · Land, buildings and equipment, net

    beginning of year $1,298,103 · end of year $1,298,778

  • 15 · Other assets

    beginning of year $290,266 · end of year $389,111

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,822 · end of year $68,707

  • 19 · Deferred revenue

    beginning of year $817 · end of year $7,344

  • 24 · Unsecured notes and loans payable

    beginning of year $2,301,135 · end of year $2,267,281

  • 25 · Other liabilities

    beginning of year $6,883 · end of year $7,429

  • 27 · Net assets without donor restrictions

    beginning of year -$655,661 · end of year -$643,308

Mission and programs · 2024

Mission

THE CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE AN AFFORDABLE HOUSING APARTMENT COMMUNITY

  • PROVIDE HOUSING TO LOW INCOME INDIVIDUALS

    Expenses $290,417 · Revenue $318,224

As filed on the 2024 return.

Listed in Part VII

  • Theodore Gulas

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Michael Pihakis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christ Coumanis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Konstantine Angelo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charrie Regopoulos

    DIRECTOR

    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
2024
Filed
29 October 2025
IRS schema version
2024v5.2
Source object
202523029349301737

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