Skip to content
Nonprofiteer
← GLEN HOPE HARBOR INC

Form 990 for tax year 2023

Filed by GLEN HOPE HARBOR INC.

Totals

Total revenue
$17,527
Total expenses
$46,082
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,527
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,707,443
Total liabilities, end of year
$25,947,261
Net assets or fund balances, end of year
-$24,239,818
Program services expenses (Part IX)
$44,308
Management and general expenses
$1,774
Fundraising expenses
$0
Program service expenses (Part III)
$44,308

Program services were 96.2% 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: INSURANCE REFUND

    total $17,527 · related or exempt $17,527

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $12,252 · program services $12,252

  • 22 · Depreciation, depletion and amortization

    total $32,056 · program services $32,056

  • 24a · Other expenses: BANK & COURT FEES

    total $1,774 · management and general $1,774

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $137,360 · end of year $140,860

  • 14 · Intangible assets

    beginning of year $1,012,473 · end of year $980,417

  • 15 · Other assets

    beginning of year $586,166 · end of year $586,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,498,351 · end of year $2,498,350

  • 20 · Tax-exempt bond liabilities

    beginning of year $19,467,601 · end of year $19,467,601

  • 23 · Secured mortgages and notes payable

    beginning of year $3,323,142 · end of year $3,323,142

  • 25 · Other liabilities

    beginning of year $658,168 · end of year $658,168

  • 27 · Net assets without donor restrictions

    beginning of year -$24,211,263 · end of year -$24,239,818

Mission and programs · 2023

Mission

THE CORPORATION WAS ORGANIZED TO PROVIDE SERVICES BENEFICIAL TO SENIOR CITIZENS WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIA RELATED ILLNESSES.

Activities or mission (Part I)

IT IS THE MISSION OF GLEN HOPE HARBOR, INC. TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING, AND OPERATING (FOR THE LONG-TERM) QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR SENIOR CITIZENS WITH ALZHEIMER'S DISEASE AND OTHER DEMENTIA RELATED ILLNESSES. PERSONAL CARE SUPPORT IS ALSO PROVIDED AND DESIGNED TO MEET THE NEEDS OF THE RESIDENTS.

  • AFFORDABLE RENTS AND HOUSING 96-32, WITH 144 ASSISTED LIVING MEMORY CARE UNITS IN A SENIOR LIVING RETIREMENT COMMUNITY.

    Expenses $44,308 · Revenue $17,527

As filed on the 2023 return.

Listed in Part VII

  • Randolph N Osherow

    CHAPTER 7 TR

    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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

This return attached Schedule N but itemized no distributions.

Provenance

Return type
form_990
Tax year
2023
Filed
29 February 2024
IRS schema version
2023v4.0
Source object
202400619349300230

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.