Form 990 for tax year 2022
Filed by COAP INCORPORATED.
This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.
What the amendment changed
Compared with the latest return for 2022 , filed 26 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Listed only on the earlier return
- is thi PACE
Listed only on the later return
- Donna PaceDONNA PACE
Listed under a different title
- Preston JonesPRESTON JONES: EXECUTIVE DIRECTOR then CURRENT EXECUTIVE DIRECTOR
Totals
- Total revenue
- $707,140
- Total expenses
- $527,015
- Contributions and grants received
- $475,987
- Grants paid
- $0
- Program service revenue
- $107,899
- Investment income
- $0
- Other revenue
- $123,254
- Total assets, end of year
- $1,672,605
- Total liabilities, end of year
- $470,360
- Net assets or fund balances, end of year
- $1,202,245
- Program services expenses (Part IX)
- $462,329
- Management and general expenses
- $64,686
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $462,329
Program services were 87.7% 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)
$404,242
-
1f · All other contributions, gifts and grants
$71,745
-
2a · Program service revenue: HOME SALES & MISC
total $107,899 · related or exempt $107,899
-
6a · Gross rents
real property $123,254
-
6c · Rental income or loss
real property $123,254
-
6d · Net rental income or loss
total $123,254 · related or exempt $123,254
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $37,538 · management and general $37,538
-
9 · Other employee benefits
total $5,546 · management and general $5,546
-
10 · Payroll taxes
total $3,540 · management and general $3,540
-
11a · Fees: management
total $1,012 · management and general $1,012
-
11b · Fees: legal
total $556 · management and general $556
-
11c · Fees: accounting
total $2,182 · management and general $2,182
-
11g · Fees: other
total $888 · management and general $888
-
13 · Office expenses
total $9,267 · management and general $9,267
-
16 · Occupancy
total $9,937 · program services $9,937
-
22 · Depreciation, depletion and amortization
total $47,000 · program services $47,000
-
23 · Insurance
total $18,397 · program services $17,886 · management and general $511
-
24a · Other expenses: CONSTRUCTION EXPENSES
total $379,490 · program services $379,490
-
24b · Other expenses: COMMUNICATIONS
total $3,646 · management and general $3,646
-
24c · Other expenses: VEHICLE EXP
total $2,696 · program services $2,696
-
24d · Other expenses: WORK CAMP EXP
total $5,320 · program services $5,320
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $28,789 · end of year $155,533
-
4 · Accounts receivable
beginning of year $14,599 · end of year $34,334
-
7 · Other notes and loans receivable
beginning of year $85,351 · end of year $88,359
-
8 · Inventories for sale or use
beginning of year $712,482 · end of year $1,012,243
-
10a · Land, buildings and equipment: cost or other basis
$930,692
-
10b · Land, buildings and equipment: accumulated depreciation
$572,227
-
10c · Land, buildings and equipment, net
beginning of year $615,464 · end of year $358,465
-
15 · Other assets
end of year $23,671
-
17 · Accounts payable and accrued expenses
end of year $68,797
-
23 · Secured mortgages and notes payable
beginning of year $334,594 · end of year $401,563
-
25 · Other liabilities
beginning of year $99,971
-
27 · Net assets without donor restrictions
beginning of year $1,022,120 · end of year $1,202,245
Mission and programs · 2022
Mission
The mission of the Organization is to provide sustainable, affordable, safe, energy efficient and dry housing to moderate, low and very low income families and individuals of Harlan, Bell and Leslie Counties of Kentucky.
-
PROVIDE AND REHABILITATE HOMES FOR LOW AND VERY LOW INCOME FAMILIES. PROVIDE RENTAL HOUSING FOR LOW INCOME FAMILIES.
Expenses $462,329
As filed on the 2022 return.
Listed in Part VII
-
Misty TeagueMISTY TEAGUE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nathan BoggsNATHAN BOGGS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Pete BroersmaPETE BROERSMA
VICE-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
Bryan TollBRYAN TOLL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2
-
is thi PACE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Preston JonesPRESTON JONES
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
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
- 2022
- Filed
- 26 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401659349301310
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