Form 990 for tax year 2023
Filed by CULPEPPER GARDEN I INCORPORATED.
Totals
- Total revenue
- $920,302
- Total expenses
- $165,893
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $91,729
- Investment income
- $828,573
- Other revenue
- $0
- Total assets, end of year
- $24,571,009
- Total liabilities, end of year
- $16,968,050
- Net assets or fund balances, end of year
- $7,602,959
- Program services expenses (Part IX)
- $103,919
- Management and general expenses
- $61,974
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $103,919
Program services were 62.6% 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: OTHER REVENUE
total $91,729 · related or exempt $91,729
-
3 · Investment income
total $769,729 · excluded $769,729
-
7a · Gross sales of assets other than inventory
securities $58,844
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $58,844
-
7d · Net gain or loss
total $58,844 · excluded $58,844
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $82,994 · program services $82,994
-
9 · Other employee benefits
total $17,509 · program services $17,509
-
10 · Payroll taxes
total $3,416 · program services $3,416
-
11c · Fees: accounting
total $14,400 · management and general $14,400
-
11f · Fees: investment management
total $33,975 · management and general $33,975
-
13 · Office expenses
total $13,599 · management and general $13,599
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $844,179 · end of year $170,616
-
4 · Accounts receivable
beginning of year $29,666 · end of year $64,454
-
7 · Other notes and loans receivable
beginning of year $16,966,350 · end of year $16,966,350
-
10a · Land, buildings and equipment: cost or other basis
$46,697
-
10b · Land, buildings and equipment: accumulated depreciation
$0
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $46,697
-
13 · Investments: program-related
beginning of year $5,539,838 · end of year $7,322,892
-
17 · Accounts payable and accrued expenses
beginning of year $1,765 · end of year $1,700
-
19 · Deferred revenue
beginning of year $19,731,400 · end of year $16,966,350
-
27 · Net assets without donor restrictions
beginning of year $3,646,868 · end of year $7,602,959
Mission and programs · 2023
Mission
TO PROVIDE LOW INCOME HOUSING SUPPORT SERVICES FOR ELDERLY TENANTS OVER THE AGE OF 62. CULPEPPER GARDEN I DOES NOT DISCRIMINATE ON THE BASIS OF RACE, SEX, ELDERLINESS, RELIGION, OR NATIONAL ORIGIN.
Activities or mission (Part I)
TO PROVIDE LOW INCOME HOUSING AND SUPPORTIVE SERVICES FOR ELDERLY TENANTS OVER THE AGE OF 62.
-
PROVIDE SUPPORT SERVICES FOR LOW INCOME HOUSING UNITS FOR ELDERLY TENANTS.
Expenses $103,919 · Revenue $91,729
As filed on the 2023 return.
Listed in Part VII
-
PETER KANT
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
CHARLES MENG
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
MARY SUSAN PHILP
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
HUGH FRANKLIN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
RAFAEL E ROMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
VINH NGUYEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
KEN AUGHENBAUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
MICHELINE CASTAN-SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
BARBARA FAVOLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
ANDRES TOBAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
MESBAH MOTAMED
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
CHRIS SPAHR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
SANDY BUSHUE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
KATHY CAMERON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
BROOKE HAMMOND-PEREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
ADAM KRISCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 3 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.
-
ARLINGTON RETIREMENT HOUSING CORPORATION
501(C)(3) · TO PROVIDE HOUSING FACILITIES & CARE SERVICES FOR THE ELDERLY · VA
-
501(C)(3) · TO PROVIDE LOW INCOME HOUSING FOR ELDERLY TENANTS · VA
-
501(C)(3) · TO PROVIDE LOW INCOME HOUSING & CARE SERVICES FOR ELDERLY TENANTS · VA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413139349303411
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