Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: APARTMENT RENTALS

  total $7,121,195 · related or exempt $7,121,195

• 3 · Investment income

  total $177,900 · excluded $177,900

• 7a · Gross sales of assets other than inventory

  other assets $325,870

• 7b · Less cost or other basis and sales expenses

  other assets $262,258

• 7c · Gain or loss

  other assets $63,612

• 7d · Net gain or loss

  total $63,612 · excluded $63,612

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $62,756 · related or exempt $62,756

• 11b · Other revenue: WASHER/DRYER COMMISSIO

  total $12,331 · excluded $12,331

• 11e · Other revenue, total

  $75,087

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $348,793 · program services $348,793

• 11a · Fees: management

  total $1,148,891 · management and general $1,148,891

• 11b · Fees: legal

  total $80,381 · management and general $80,381

• 11c · Fees: accounting

  total $48,168 · management and general $48,168

• 11g · Fees: other

  total $551,978 · program services $551,978

• 13 · Office expenses

  total $28,965 · program services $20,733 · management and general $8,232

• 16 · Occupancy

  total $942,643 · program services $942,643

• 20 · Interest

  total $1,154,731 · program services $1,154,731

• 22 · Depreciation, depletion and amortization

  total $1,742,636 · program services $1,742,636

• 23 · Insurance

  total $411,675 · program services $411,675

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $604,105 · program services $604,105

• 24b · Other expenses: STUDENT ORGANIZATION SU

  total $350,000 · program services $350,000

• 24c · Other expenses: HEALTH INSURANCE

  total $215,796 · program services $215,796

• 24d · Other expenses: MISCELLANEOUS

  total $117,964 · program services $117,964

• 24e · All other expenses

  total $110,261 · program services $110,261

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $650 · end of year $650

• 2 · Savings and temporary cash investments

  beginning of year $3,021,874 · end of year $6,561,875

• 4 · Accounts receivable

  beginning of year $644,374 · end of year $155,564

• 7 · Other notes and loans receivable

  beginning of year $517,500 · end of year $502,500

• 9 · Prepaid expenses and deferred charges

  beginning of year $209,226 · end of year $180,128

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

  $57,961,626

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

  $28,881,316

• 10c · Land, buildings and equipment, net

  beginning of year $25,783,663 · end of year $29,080,310

• 15 · Other assets

  beginning of year $4,396,645 · end of year $852,365

• 17 · Accounts payable and accrued expenses

  beginning of year $1,419,870 · end of year $1,062,264

• 19 · Deferred revenue

  beginning of year $179,957 · end of year $223,937

• 20 · Tax-exempt bond liabilities

  beginning of year $25,829,651 · end of year $29,016,987

• 25 · Other liabilities

  beginning of year $911,549 · end of year $1,023,652

• 27 · Net assets without donor restrictions

  beginning of year $6,232,905 · end of year $6,006,552

The filer's explanations (Part III)

PART I, LINE 3

IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ORGANIZATION, USES THE FORM 990S OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACTS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION.

PART I, LINE 4B

GEOFFREY BEERS, CEO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THROUGH IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ENTITY. CONTRIBUTIONS TO THE PLAN FOR THE CALENDAR YEAR 2023 WERE $18,408. ROBERT SEMPSEY, CBO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THROUGH IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ENTITY. CONTRIBUTIONS TO THE PLAN FOR THE CALENDAR YEAR 2023 WERE $13,723.