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← CONTINENTAL GARDENS HOUSING CORPORATION

Form 990 for tax year 2022

Filed by CONTINENTAL GARDENS HOUSING CORPORATION.

Totals

Total revenue
$478,958
Total expenses
$604,742
Contributions and grants received
$241,054
Grants paid
$0
Program service revenue
$237,474
Investment income
$430
Other revenue
$0
Total assets, end of year
$1,907,132
Total liabilities, end of year
$3,460,655
Net assets or fund balances, end of year
-$1,553,523
Program services expenses (Part IX)
$449,597
Management and general expenses
$155,145
Fundraising expenses
$0
Program service expenses (Part III)
$449,597

Program services were 74.3% 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)

    $241,054

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $228,480 · related or exempt $228,480

  • 2b · Program service revenue: LAUNDRY/VENDING REVENU

    total $6,758 · related or exempt $6,758

  • 2c · Program service revenue: TENANT CHARGES

    total $2,236 · related or exempt $2,236

  • 3 · Investment income

    total $430 · excluded $430

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $144,874 · program services $76,179 · management and general $68,695

  • 8 · Pension plan contributions

    total $11,225 · program services $11,225

  • 9 · Other employee benefits

    total $21,176 · program services $9,684 · management and general $11,492

  • 10 · Payroll taxes

    total $10,528 · program services $6,425 · management and general $4,103

  • 11a · Fees: management

    total $33,120 · management and general $33,120

  • 11c · Fees: accounting

    total $15,564 · management and general $15,564

  • 12 · Advertising and promotion

    total $2,136 · management and general $2,136

  • 13 · Office expenses

    total $9,600 · management and general $9,600

  • 17 · Travel

    total $463 · management and general $463

  • 19 · Conferences, conventions and meetings

    total $2,398 · management and general $2,398

  • 22 · Depreciation, depletion and amortization

    total $135,882 · program services $135,882

  • 23 · Insurance

    total $26,244 · program services $25,850 · management and general $394

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $63,055 · program services $63,055

  • 24b · Other expenses: UTILITIES

    total $61,018 · program services $61,018

  • 24c · Other expenses: SECURITY

    total $21,912 · program services $21,912

  • 24d · Other expenses: SUPPLIES

    total $19,625 · program services $19,625

  • 24e · All other expenses

    total $25,922 · program services $18,742 · management and general $7,180

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $196,682 · end of year $219,692

  • 4 · Accounts receivable

    beginning of year $1,404 · end of year $1,151

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,168 · end of year $1,265

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

    $4,137,228

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

    $2,452,204

  • 10c · Land, buildings and equipment, net

    beginning of year $1,815,389 · end of year $1,685,024

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,493 · end of year $10,917

  • 19 · Deferred revenue

    beginning of year $2,163 · end of year $907

  • 23 · Secured mortgages and notes payable

    beginning of year $3,366,400 · end of year $3,366,400

  • 25 · Other liabilities

    beginning of year $54,326 · end of year $82,431

  • 27 · Net assets without donor restrictions

    beginning of year -$1,427,739 · end of year -$1,553,523

Mission and programs · 2022

Mission

THE ORGANIZATION'S PURPOSE IS TO OPERATE A 60 UNIT MULTI-FAMILY HOUSING COMPLEX FUNDED WITH HUD SECTION 202 FUNDS, FOR LOW-INCOME AND VERY LOW-INCOME ELDERLY PEOPLE.

Activities or mission (Part I)

THE ORGANIZATION'S PURPOSE IS TO DEVELOP AND OPERATE A 60 UNIT MULTI-FAMILY HOUSING COMPLEX FUNDED WITH HUD SECTION 202 FUNDS FOR VERY LOW-INCOME PEOPLE AGED 62 AND OLDER.

  • CONTINENTAL GARDENS IS A 60 UNIT APARTMENT COMPLEX THAT PROVIDES HOUSING FOR LOW INCOME AND VERY LOW INCOME SENIORS IN BUTTE, MONTANA.

    Expenses $449,597 · Revenue $237,474

As filed on the 2022 return.

Listed in Part VII

  • Kathie King

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Ivy Fredrickson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Sandi Seccomb

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Dan Peters

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Ann Ueland

    MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • Don Foley

    CFO

    Total calculated
    $100,195
    From this org
    $0
    From related orgs
    $91,276
    Other
    $8,919
    Hours/week
    4 + 40 related

  • Margie Seccomb

    EXECUTIVE DIRECTOR

    Total calculated
    $113,508
    From this org
    $0
    From related orgs
    $94,631
    Other
    $18,877
    Hours/week
    4 + 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.

  • ACTION INC

    501(C)(3) · COMMON MANAGEMENT · MT · controlled entity

    Directly controlled by ACTION INC

  • SHERMONT MANOR

    501(C)(3) · COMMON MANAGEMENT · MT

Provenance

Return type
form_990
Tax year
2022
Filed
26 July 2024
IRS schema version
2022v5.0
Source object
202412259349301016

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