Totals
- Total revenue
- $111,422
- Total expenses
- $142,506
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $107,159
- Investment income
- $4,263
- Other revenue
- $0
- Total assets, end of year
- $746,148
- Total liabilities, end of year
- $725,290
- Net assets or fund balances, end of year
- $20,858
- Program services expenses (Part IX)
- $142,506
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $142,506
Program services were 100.0% 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.
-
2a · Program service revenue: HOUSING
total $107,159 · unrelated business $0 · excluded $0
-
3 · Investment income
total $4,263 · unrelated business $0 · excluded $0
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $6,046 · program services $6,046 · management and general $0 · fundraising $0
-
11g · Fees: other
total $81,911 · program services $81,911 · management and general $0 · fundraising $0
-
20 · Interest
total $4,242 · program services $4,242 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $50,307 · program services $50,307 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $194,805 · end of year $192,368
-
10a · Land, buildings and equipment: cost or other basis
$1,258,323
-
10b · Land, buildings and equipment: accumulated depreciation
$704,543
-
10c · Land, buildings and equipment, net
beginning of year $594,605 · end of year $553,780
-
17 · Accounts payable and accrued expenses
beginning of year $7,066 · end of year $8,166
-
23 · Secured mortgages and notes payable
beginning of year $730,402 · end of year $717,124
-
25 · Other liabilities
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $51,942 · end of year $20,858
Mission and programs · 2024
Mission
PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME FAMILIES THROUGH A PROGRAM WITH US DEPT OF AG, RURAL DEVELOPMENT AGENCY AND CONTRIBUTIONS TO THE COMMUNITY
-
PROVIDE AFFORDABLE HOUSING FOR LOW & MODERATE INCOME FAMILIES THROUGH A PROGRAM WITH US DEPT OF AG, RURAL DEVELOPMENT AGENCY AND CONTRIBUTIONS TO THE COMMUNITY
Expenses $142,506
As filed on the 2024 return.
Listed in Part VII
-
Jerry BonserJERRY BONSER
PRESIDENT
- Total calculated
- $0
-
Neal McMullenNEAL MCMULLEN
VP
- Total calculated
- $0
-
Lora YorkLORA YORK
SECRETARY
- Total calculated
- $0
-
Marsha HunterMARSHA HUNTER
DIRECTOR
- Total calculated
- $0
-
Marilyn PowellMARILYN POWELL
DIRECTOR/TENANT REP
- Total calculated
- $0
-
Linda HestonLINDA HESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 June 2025
- IRS schema version
- 2024v5.2
- Source object
- 202511779349301326
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