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Nonprofiteer
← BROOK HAVEN APARTMENTS INC

Form 990 for tax year 2024

Filed by BROOK HAVEN APARTMENTS INC.

Totals

Total revenue
$547,355
Total expenses
$815,421
Contributions and grants received
$437,989
Grants paid
$0
Program service revenue
$108,603
Investment income
$0
Other revenue
$763
Total assets, end of year
$2,370,342
Total liabilities, end of year
$3,336,467
Net assets or fund balances, end of year
-$966,125
Program services expenses (Part IX)
$706,929
Management and general expenses
$108,492
Fundraising expenses
$0
Program service expenses (Part III)
$706,929

Program services were 86.7% 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)

    $437,989

  • 2a · Program service revenue: TENANT RENT & CHARGES

    total $108,603 · related or exempt $108,603

  • 11a · Other revenue: MISC REVENUE

    total $763 · excluded $763

  • 11e · Other revenue, total

    $763

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $37,974 · program services $2,410 · management and general $35,564

  • 9 · Other employee benefits

    total $5,976 · program services $5,976

  • 10 · Payroll taxes

    total $3,454 · program services $3,454

  • 11a · Fees: management

    total $22,671 · management and general $22,671

  • 11b · Fees: legal

    total $1,321 · management and general $1,321

  • 11c · Fees: accounting

    total $25,112 · management and general $25,112

  • 12 · Advertising and promotion

    total $746 · management and general $746

  • 13 · Office expenses

    total $18,139 · management and general $18,139

  • 16 · Occupancy

    total $330,887 · program services $330,887

  • 19 · Conferences, conventions and meetings

    total $3 · management and general $3

  • 20 · Interest

    total $157,992 · program services $157,992

  • 22 · Depreciation, depletion and amortization

    total $158,462 · program services $158,462

  • 23 · Insurance

    total $47,748 · program services $47,748

  • 24a · Other expenses: BAD DEBTS

    total $4,936 · management and general $4,936

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $239 · end of year $881

  • 2 · Savings and temporary cash investments

    beginning of year $123,402 · end of year $147,951

  • 4 · Accounts receivable

    beginning of year $21,796 · end of year $33,759

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,837 · end of year $19,939

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

    $3,628,389

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

    $1,547,346

  • 10c · Land, buildings and equipment, net

    beginning of year $2,239,505 · end of year $2,081,043

  • 14 · Intangible assets

    beginning of year $81,437 · end of year $74,680

  • 15 · Other assets

    beginning of year $15,223 · end of year $12,089

  • 17 · Accounts payable and accrued expenses

    beginning of year $236,444 · end of year $427,173

  • 19 · Deferred revenue

    beginning of year $1,206 · end of year $962

  • 23 · Secured mortgages and notes payable

    beginning of year $2,958,202 · end of year $2,898,253

  • 25 · Other liabilities

    beginning of year $9,646 · end of year $10,079

  • 27 · Net assets without donor restrictions

    beginning of year -$698,059 · end of year -$966,125

Mission and programs · 2024

Mission

AFFORDABLE HOUSING FOR THE GENERAL COMMUNITY.

  • OPERATED 40 UNIT HUD SUBSIDIZED AFFORDABLE HOUSING

    Expenses $706,929 · Revenue $108,603

As filed on the 2024 return.

Listed in Part VII

  • Chad H Mitchell

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5

  • Larry Aubrecht

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • William M Christopher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Jennifer Haynes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • John Rinderknecht

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Margaret Turco

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Janine Halverson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Katie McKenna

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Jocelyn Gardner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Lynn Archuleta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Jim Tanzillo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.1

  • Jeff Martinez

    PRESIDENT

    Total calculated
    $220,988
    From this org
    $0
    From related orgs
    $190,246
    Other
    $30,742
    Hours/week
    3

    Schedule J breakdown matched by us

    Base
    $0 + $160,582 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $14,664 related
    Deferred
    $0 + $5,988 related
    Nontaxable benefits
    $0 + $24,754 related
    Filer's total
    $0 + $220,988 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • BROTHERS REDEVELOPMENT INC

    501(C)(3) · ADMINISTRATIVE OVERSIGHT · CO

  • BROTHERS PROPERTY MANAGEMENT

    501(C)(3) · PROPERTY MGMT · CO

    Directly controlled by BROTHERS REDEVELOPMENT INC

Provenance

Return type
form_990
Tax year
2024
Filed
5 August 2026
IRS schema version
2024v5.5
Source object
202622249349301537

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