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Nonprofiteer
← ANSONBOROUGH HOUSING CORPORATION

Form 990 for tax year 2023

Filed by ANSONBOROUGH HOUSING CORPORATION.

Totals

Total revenue
$1,482,919
Total expenses
$1,415,562
Contributions and grants received
$1,184,433
Grants paid
$0
Program service revenue
$295,525
Investment income
$2,961
Other revenue
$0
Total assets, end of year
$7,459,833
Total liabilities, end of year
$7,187,136
Net assets or fund balances, end of year
$272,697
Program services expenses (Part IX)
$1,359,087
Management and general expenses
$56,475
Fundraising expenses
$0
Program service expenses (Part III)
$1,359,087

Program services were 96.0% 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)

    $1,184,433

  • 2a · Program service revenue: RENT INCOME

    total $284,582 · related or exempt $284,582

  • 2b · Program service revenue: PARKING

    total $5,375 · related or exempt $5,375

  • 2c · Program service revenue: DAMAGES AND CLEANING FEES

    total $3,621 · related or exempt $3,621

  • 2d · Program service revenue: LAUNDRY ROOM INCOME

    total $1,543 · related or exempt $1,543

  • 2e · Program service revenue: VENDING SERVICES

    total $290 · related or exempt $290

  • 2f · All other program service revenue

    total $114 · related or exempt $114

  • 3 · Investment income

    total $2,961 · related or exempt $2,961

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $238,260 · program services $190,608 · management and general $47,652

  • 9 · Other employee benefits

    total $25,810 · program services $20,648 · management and general $5,162

  • 10 · Payroll taxes

    total $18,303 · program services $14,642 · management and general $3,661

  • 11a · Fees: management

    total $65,398 · program services $65,398

  • 11c · Fees: accounting

    total $17,737 · program services $17,737

  • 13 · Office expenses

    total $15,129 · program services $15,129

  • 20 · Interest

    total $287,560 · program services $287,560

  • 22 · Depreciation, depletion and amortization

    total $251,472 · program services $251,472

  • 23 · Insurance

    total $151,436 · program services $151,436

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $201,129 · program services $201,129

  • 24b · Other expenses: UTILITIES

    total $59,220 · program services $59,220

  • 24c · Other expenses: TENANT BENEFIT EXPENSES

    total $32,414 · program services $32,414

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $25,568 · program services $25,568

  • 24e · All other expenses

    total $26,126 · program services $26,126

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $461,525 · end of year $516,036

  • 4 · Accounts receivable

    beginning of year $476 · end of year $65

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,613 · end of year $23,331

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

    $9,986,560

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

    $3,962,745

  • 10c · Land, buildings and equipment, net

    beginning of year $6,250,668 · end of year $6,023,815

  • 15 · Other assets

    beginning of year $786,551 · end of year $896,586

  • 17 · Accounts payable and accrued expenses

    beginning of year $40,830 · end of year $35,133

  • 23 · Secured mortgages and notes payable

    beginning of year $7,248,819 · end of year $7,128,926

  • 25 · Other liabilities

    beginning of year $21,844 · end of year $23,077

  • 27 · Net assets without donor restrictions

    beginning of year $205,340 · end of year $272,697

Mission and programs · 2023

Mission

TO BUILD, MANAGE, AND SUPERVISE SENIOR CITIZEN HOUSING FACILITIES AND PROVIDE ANY AND ALL RELATED SERVICES.

Activities or mission (Part I)

BUILD, MANAGE, AND SUPERVISE SENIOR CITIZEN HOUSING FACILITIES AND PROVIDE RELATED SERVICES.

  • PROVIDED SUBSIDIZED HOUSING TO 81 SENIOR CITIZENS.

    Expenses $1,359,087 · Revenue $295,525

As filed on the 2023 return.

Listed in Part VII

  • Judy Hinman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Berita Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Henry Meeuwse

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Betsy Richardson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Bradley Schmoll

    SECRETARY

    Total calculated
    $0
    Hours/week
    3 + 3 related

  • Peggy Senesac

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 February 2024
IRS schema version
2023v5.0
Source object
202420809349300307

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