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Nonprofiteer
← PLYMOUTH APARTMENTS CORPORATION

Form 990 for tax year 2022

Filed by PLYMOUTH APARTMENTS CORPORATION.

Totals

Total revenue
$1,262,370
Total expenses
$1,367,157
Contributions and grants received
$84,612
Grants paid
$0
Program service revenue
$1,173,628
Investment income
$203
Other revenue
$3,927
Total assets, end of year
$4,435,053
Total liabilities, end of year
$104,426
Net assets or fund balances, end of year
$4,330,627
Program services expenses (Part IX)
$1,250,871
Management and general expenses
$116,286
Fundraising expenses
$0
Program service expenses (Part III)
$1,250,871

Program services were 91.5% 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.

  • 1e · Government grants (contributions)

    $84,612

  • 2a · Program service revenue: LOW INCOME RENTS

    total $1,173,628 · related or exempt $1,173,628

  • 3 · Investment income

    total $203 · excluded $203

  • 11a · Other revenue: LAUNDRY

    total $2,874 · related or exempt $2,874

  • 11b · Other revenue: DAMAGES COLLECTED

    total $1,053 · related or exempt $1,053

  • 11e · Other revenue, total

    $3,927

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $248,472 · program services $238,711 · management and general $9,761

  • 8 · Pension plan contributions

    total $8,721 · program services $8,721

  • 9 · Other employee benefits

    total $71,347 · program services $71,347

  • 10 · Payroll taxes

    total $18,453 · program services $18,453

  • 11a · Fees: management

    total $87,238 · management and general $87,238

  • 11c · Fees: accounting

    total $10,500 · management and general $10,500

  • 13 · Office expenses

    total $81,874 · program services $73,087 · management and general $8,787

  • 16 · Occupancy

    total $231,376 · program services $231,376

  • 22 · Depreciation, depletion and amortization

    total $235,135 · program services $235,135

  • 23 · Insurance

    total $87,436 · program services $87,436

  • 24a · Other expenses: EQUIPMENT RENTAL AND MA

    total $161,595 · program services $161,595

  • 24b · Other expenses: SOCIAL PROGRAMS

    total $125,010 · program services $125,010

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,914 · end of year $3,726

  • 2 · Savings and temporary cash investments

    beginning of year $332,529 · end of year $354,106

  • 4 · Accounts receivable

    beginning of year $52,953 · end of year $2,784

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,035 · end of year $18,341

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

    $6,666,903

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

    $5,378,831

  • 10c · Land, buildings and equipment, net

    beginning of year $1,022,412 · end of year $1,288,072

  • 15 · Other assets

    beginning of year $2,928,939 · end of year $2,768,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,233 · end of year $41,031

  • 19 · Deferred revenue

    beginning of year $340 · end of year $0

  • 25 · Other liabilities

    beginning of year $63,027 · end of year $63,395

  • 27 · Net assets without donor restrictions

    beginning of year $4,276,182 · end of year $4,330,627

Mission and programs · 2022

Mission

TO PROVIDE LOWER INCOME HOUSING

  • HOUSING FOR LOWER INCOME FAMILIES/INDIVIDUALS (111 RENTAL UNITS ARE PROVIDED)

    Expenses $1,250,871 · Revenue $1,177,555

As filed on the 2022 return.

Listed in Part VII

  • Rev John Walton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Rev Marcus Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Rev Mark Clinger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Rev Walter Lanier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Bill Hausler

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Rev Carmen Porco

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Dr Gloria V Hawkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Rev Archie L Ivy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Gloria Ladson-Billings

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Karl Byleen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Ms Barbara Jill Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 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
2022
Filed
15 January 2024
IRS schema version
2022v5.0
Source object
202410179349300616

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