Skip to content
Nonprofiteer
← VILLAS AT BAYOU PARK INC

Form 990 for tax year 2023

Filed by VILLAS AT BAYOU PARK INC.

Totals

Total revenue
$123,620
Total expenses
$145,648
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$122,529
Investment income
$1,091
Other revenue
$0
Total assets, end of year
$1,420,755
Total liabilities, end of year
$246,840
Net assets or fund balances, end of year
$1,173,915
Program services expenses (Part IX)
$127,930
Management and general expenses
$17,718
Fundraising expenses
$0
Program service expenses (Part III)
$127,930

Program services were 87.8% 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: RENT REVENUE

    total $68,613 · related or exempt $68,613

  • 2b · Program service revenue: TENANT ASSISTANCE

    total $54,321 · related or exempt $54,321

  • 2c · Program service revenue: VACANCIES

    total -$405 · related or exempt -$405

  • 3 · Investment income

    total $1,091 · excluded $1,091

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,039 · program services $4,039

  • 10 · Payroll taxes

    total $552 · program services $552

  • 11a · Fees: management

    total $11,048 · management and general $11,048

  • 11c · Fees: accounting

    total $6,670 · management and general $6,670

  • 13 · Office expenses

    total $3,661 · program services $3,661

  • 16 · Occupancy

    total $42,151 · program services $42,151

  • 17 · Travel

    total $759 · program services $759

  • 23 · Insurance

    total $31,942 · program services $31,942

  • 24a · Other expenses: INVESTMENT DEPRECIATION

    total $44,444 · program services $44,444

  • 24b · Other expenses: BANK CHARGES

    total $382 · program services $382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,932

  • 4 · Accounts receivable

    beginning of year $1,470 · end of year $48,412

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,296

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

    $2,067,564

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

    $806,137

  • 10c · Land, buildings and equipment, net

    beginning of year $1,305,872 · end of year $1,261,427

  • 15 · Other assets

    beginning of year $102,960 · end of year $110,916

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,874 · end of year $145,283

  • 23 · Secured mortgages and notes payable

    beginning of year $90,000 · end of year $90,000

  • 25 · Other liabilities

    beginning of year $5,713 · end of year $11,557

  • 27 · Net assets without donor restrictions

    beginning of year -$783,267 · end of year -$805,295

  • 28 · Net assets with donor restrictions

    beginning of year $1,979,210 · end of year $1,979,210

Mission and programs · 2023

Mission

PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

  • PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

    Expenses $127,930 · Revenue $122,529

As filed on the 2023 return.

Listed in Part VII

  • Neal Sarahan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Mark Smith

    VP / TREASUR

    Total calculated
    $0
    Hours/week
    3

  • Robert Buthorn

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Maria Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

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
2023
Filed
11 July 2025
IRS schema version
2023v6.0
Source object
202541969349301954

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.