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Nonprofiteer
← WILLOW APARTMENTS GROUP HOME INCORPORATED

Form 990 for tax year 2022

Filed by WILLOW APARTMENTS GROUP HOME INCORPORATED.

Totals

Total revenue
$164,382
Total expenses
$238,056
Contributions and grants received
$15,058
Grants paid
$0
Program service revenue
$148,421
Investment income
$903
Other revenue
$0
Total assets, end of year
$263,090
Total liabilities, end of year
$168,116
Net assets or fund balances, end of year
$94,974
Program services expenses (Part IX)
$212,256
Management and general expenses
$25,800
Fundraising expenses
$0
Program service expenses (Part III)
$212,256

Program services were 89.2% 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.

  • 1e · Government grants (contributions)

    $15,058

  • 2a · Program service revenue: SCL REVENUE

    total $86,950 · related or exempt $86,950

  • 2b · Program service revenue: TENANT ASSISTANCE - HU

    total $34,228 · related or exempt $34,228

  • 2c · Program service revenue: RENTAL FEES FROM TENAN

    total $16,788 · related or exempt $16,788

  • 2d · Program service revenue: SERVICE FEES FROM TENA

    total $10,455 · related or exempt $10,455

  • 3 · Investment income

    total $903 · excluded $903

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $139,299 · program services $139,299

  • 9 · Other employee benefits

    total $9,064 · program services $9,064

  • 10 · Payroll taxes

    total $10,547 · program services $10,547

  • 11a · Fees: management

    total $20,400 · management and general $20,400

  • 11c · Fees: accounting

    total $5,400 · management and general $5,400

  • 12 · Advertising and promotion

    total $4,858 · program services $4,858

  • 13 · Office expenses

    total $947 · program services $947

  • 16 · Occupancy

    total $24,562 · program services $24,562

  • 20 · Interest

    total $333 · program services $333

  • 22 · Depreciation, depletion and amortization

    total $4,900 · program services $4,900

  • 23 · Insurance

    total $4,852 · program services $4,852

  • 24a · Other expenses: GROCERIES

    total $11,678 · program services $11,678

  • 24b · Other expenses: RECREATION & REHAB

    total $763 · program services $763

  • 24c · Other expenses: BAD DEBT

    total $266 · program services $266

  • 24d · Other expenses: LICENSES AND TAXES

    total $187 · program services $187

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100 · end of year $100

  • 2 · Savings and temporary cash investments

    beginning of year $20,139 · end of year $41,864

  • 4 · Accounts receivable

    beginning of year $15,101 · end of year $6,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,843 · end of year $2,879

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

    $465,224

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

    $398,013

  • 10c · Land, buildings and equipment, net

    beginning of year $66,811 · end of year $67,211

  • 15 · Other assets

    beginning of year $146,453 · end of year $145,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,495 · end of year $167,759

  • 23 · Secured mortgages and notes payable

    beginning of year $14,224 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,080 · end of year $357

  • 27 · Net assets without donor restrictions

    beginning of year $168,648 · end of year $94,974

Mission and programs · 2022

Mission

THE ORGANIZATION'S MISSION IS TO OPERATE AN 8 UNIT APARTMENT PROJECT TO PROVIDE HOUSING FOR INDIVIDUALS COVERED BY SECTION 202 OF THE NATIONAL HOUSING ACT.

Activities or mission (Part I)

RESIDENTIAL SERVICES FOR PERSONS WITH MENTAL RETARDATION AND DEVELOPMENTAL DISABILITIES

  • RESIDENTIAL SERVICES FOR PERSONS WITH MENTAL RETARDATION DEVELOPMENTAL DISABILITIES (8) PERSONS BENEFITED.

    Expenses $212,256 · Revenue $148,421

As filed on the 2022 return.

Listed in Part VII

  • Peggy Meriedeth

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jerry Bebout

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cindy Clemson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Eve Kotter

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Terry Hudspeth

    DIRECTOR

    Total calculated
    $237,358
    From this org
    $0
    From related orgs
    $181,003
    Other
    $56,355
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,003 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,225 related
    Nontaxable benefits
    $0 + $36,130 related
    Filer's total
    $0 + $237,358 related

  • Sharon Jones

    DIRECTOR

    Total calculated
    $133,332
    From this org
    $0
    From related orgs
    $106,233
    Other
    $27,099
    Hours/week
    1 + 40 related

  • Kirt Langston

    DIRECTOR

    Total calculated
    $153,055
    From this org
    $0
    From related orgs
    $123,151
    Other
    $29,904
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,151 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,787 related
    Nontaxable benefits
    $0 + $17,117 related
    Filer's total
    $0 + $153,055 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
9 May 2024
IRS schema version
2022v5.0
Source object
202411369349313341

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