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← EAST 5TH STREET APARTMENTS INC

Form 990 for tax year 2022

Filed by EAST 5TH STREET APARTMENTS INC.

Totals

Total revenue
$53,267
Total expenses
$79,378
Contributions and grants received
$29,366
Grants paid
$0
Program service revenue
$15,465
Investment income
$5
Other revenue
$8,431
Total assets, end of year
$831,162
Total liabilities, end of year
$583,743
Net assets or fund balances, end of year
$247,419
Program services expenses (Part IX)
$73,916
Management and general expenses
$5,462
Fundraising expenses
$0
Program service expenses (Part III)
$73,916

Program services were 93.1% 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)

    $29,366

  • 2a · Program service revenue: TENANT RENTS

    total $15,465 · related or exempt $15,465

  • 3 · Investment income

    total $5 · excluded $5

  • 11a · Other revenue: MISCELLANEOUS

    total $8,431 · related or exempt $8,431

  • 11e · Other revenue, total

    $8,431

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,802 · program services $3,802

  • 11c · Fees: accounting

    total $5,058 · management and general $5,058

  • 13 · Office expenses

    total $2,517 · program services $2,517

  • 16 · Occupancy

    total $10,372 · program services $10,372

  • 22 · Depreciation, depletion and amortization

    total $27,447 · program services $27,447

  • 23 · Insurance

    total $5,744 · program services $5,744

  • 24a · Other expenses: CONTRACTS

    total $8,799 · program services $8,799

  • 24b · Other expenses: MAINTENANCE SALARY REIM

    total $3,446 · program services $3,446

  • 24c · Other expenses: BAD DEBTS

    total $3,246 · program services $3,246

  • 24d · Other expenses: ADMINISTRATIVE SALARY R

    total $2,916 · program services $2,916

  • 24e · All other expenses

    total $6,031 · program services $5,627 · management and general $404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126 · end of year $11,131

  • 2 · Savings and temporary cash investments

    beginning of year $51,268 · end of year $53,196

  • 4 · Accounts receivable

    beginning of year $20,095 · end of year $17,835

  • 9 · Prepaid expenses and deferred charges

    beginning of year $105 · end of year $97

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

    $1,078,836

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

    $330,836

  • 10c · Land, buildings and equipment, net

    beginning of year $775,447 · end of year $748,000

  • 15 · Other assets

    beginning of year $1,578 · end of year $903

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,096 · end of year $17,617

  • 19 · Deferred revenue

    beginning of year $491 · end of year $299

  • 23 · Secured mortgages and notes payable

    beginning of year $564,927 · end of year $564,927

  • 25 · Other liabilities

    beginning of year $1,575 · end of year $900

  • 27 · Net assets without donor restrictions

    beginning of year $273,530 · end of year $247,419

Mission and programs · 2022

Mission

TO PROVIDE PERMANENT HOUSING FOR HOMELESS INDIVIDUALS.

  • OPERATING AS 8 UNIT APARTMENT COMPLEX TO PROVIDE PERMANENT HOUSING FOR HOMELESS INDIVIDUALS.

    Expenses $73,916 · Revenue $23,896

As filed on the 2022 return.

Listed in Part VII

  • CRAIG PEATROSS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • MALLORY OATES

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • GARRY MERRITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TAMMY VERNON

    TREASURER

    Total calculated
    $113,995
    From this org
    $0
    From related orgs
    $113,995
    Other
    $0
    Hours/week
    0.2 + 40 related

  • JOHN NICHOLS

    ASST. SECRETARY/ASST. VP

    Total calculated
    $63,382
    From this org
    $0
    From related orgs
    $63,382
    Other
    $0
    Hours/week
    0.2 + 40 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.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431349349300928

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