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Nonprofiteer
← ROSS CREEK HOUSING PHASE II INC

Form 990 for tax year 2022

Filed by ROSS CREEK HOUSING PHASE II INC.

Totals

Total revenue
$53,503
Total expenses
$74,968
Contributions and grants received
$35,508
Grants paid
$0
Program service revenue
$17,746
Investment income
$249
Other revenue
$0
Total assets, end of year
$695,048
Total liabilities, end of year
$339,451
Net assets or fund balances, end of year
$355,597
Program services expenses (Part IX)
$71,026
Management and general expenses
$3,942
Fundraising expenses
$0
Program service expenses (Part III)
$71,026

Program services were 94.7% 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)

    $21,703

  • 1f · All other contributions, gifts and grants

    $13,805

  • 2a · Program service revenue: TENANT RENTAL PAYMENTS

    total $17,741 · related or exempt $17,741

  • 2b · Program service revenue: TENANT CHARGES

    total $5 · related or exempt $5

  • 3 · Investment income

    total $249 · excluded $249

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $4,752 · program services $4,752

  • 11b · Fees: legal

    total $3 · program services $3

  • 11c · Fees: accounting

    total $3,661 · management and general $3,661

  • 13 · Office expenses

    total $699 · program services $699

  • 16 · Occupancy

    total $11,340 · program services $11,340

  • 19 · Conferences, conventions and meetings

    total $25 · program services $25

  • 22 · Depreciation, depletion and amortization

    total $22,212 · program services $22,212

  • 23 · Insurance

    total $7,214 · program services $7,214

  • 24a · Other expenses: CONTRACTS

    total $8,795 · program services $8,795

  • 24b · Other expenses: PAYROLL REIMBURSEMENT

    total $6,932 · program services $6,932

  • 24c · Other expenses: MANAGER PAYROLL REIMBUR

    total $2,929 · program services $2,929

  • 24d · Other expenses: SUPPLIES

    total $2,149 · program services $2,149

  • 24e · All other expenses

    total $4,257 · program services $3,976 · management and general $281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $682 · end of year $2,505

  • 3 · Pledges and grants receivable

    beginning of year $5,630 · end of year $962

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,329 · end of year $2,962

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

    $1,040,184

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

    $386,204

  • 10c · Land, buildings and equipment, net

    beginning of year $676,192 · end of year $653,980

  • 15 · Other assets

    beginning of year $34,045 · end of year $34,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,012 · end of year $14,920

  • 19 · Deferred revenue

    beginning of year $532 · end of year $292

  • 23 · Secured mortgages and notes payable

    beginning of year $310,640 · end of year $310,640

  • 25 · Other liabilities

    beginning of year $13,632 · end of year $13,599

  • 27 · Net assets without donor restrictions

    beginning of year $377,062 · end of year $355,597

Mission and programs · 2022

Mission

THE PROJECT IS A SIX-UNIT APARTMENT PROJECT THAT PROVIDES HOUSING TO VERY LOW INCOME DISABLED INDIVIDUALS IN ASHEVILLE, NC.

Activities or mission (Part I)

PROVIDE SIX APARTMENTS FOR DISABLED PERSONS

  • PROVIDE SIX APARTMENTS FOR DISABLED PERSONS

    Expenses $71,026 · Revenue $17,746

As filed on the 2022 return.

Listed in Part VII

  • Lawrence E Thompson III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rich Olejniczak

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Greta Byrd

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Bernard Koesters

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Harry Eskritt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Janet Price Ferrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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
5 February 2024
IRS schema version
2022v5.0
Source object
202420439349300017

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