Totals
- Total revenue
- $501,243
- Total expenses
- $589,578
- Contributions and grants received
- $232,641
- Grants paid
- $0
- Program service revenue
- $260,284
- Investment income
- $408
- Other revenue
- $7,910
- Total assets, end of year
- $3,669,671
- Total liabilities, end of year
- $5,269,917
- Net assets or fund balances, end of year
- -$1,600,246
- Program services expenses (Part IX)
- $516,624
- Management and general expenses
- $72,954
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $516,624
Program services were 87.6% 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)
$232,641
-
2a · Program service revenue: RENTS - NET
total $260,284 · related or exempt $260,284
-
3 · Investment income
total $408 · excluded $408
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $4,952 · related or exempt $4,952
-
11b · Other revenue: LAUNDRY & VENDING
total $2,652 · related or exempt $2,652
-
11c · Other revenue: TENANT CHARGES
total $306 · related or exempt $306
-
11e · Other revenue, total
$7,910
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $44,169 · management and general $44,169
-
11b · Fees: legal
total $442 · program services $442
-
11g · Fees: other
total $10,150 · management and general $10,150
-
12 · Advertising and promotion
total $1,053 · program services $1,053
-
13 · Office expenses
total $14,267 · program services $14,267
-
16 · Occupancy
total $109,238 · program services $109,238
-
19 · Conferences, conventions and meetings
total $2,424 · management and general $2,424
-
22 · Depreciation, depletion and amortization
total $127,610 · program services $127,610
-
23 · Insurance
total $22,838 · program services $22,838
-
24a · Other expenses: CONTRACT SERVICES
total $179,590 · program services $179,590
-
24b · Other expenses: SERVICE COORDINATOR
total $39,193 · program services $39,193
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $21,494 · program services $21,494
-
24d · Other expenses: MISCELLANEOUS EXPENSE
total $17,108 · program services $897 · management and general $16,211
-
24e · All other expenses
total $2 · program services $2
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $23,453 · end of year $267
-
4 · Accounts receivable
beginning of year $1,044 · end of year $23,307
-
9 · Prepaid expenses and deferred charges
beginning of year $1,512 · end of year $1,546
-
10a · Land, buildings and equipment: cost or other basis
$5,561,943
-
10b · Land, buildings and equipment: accumulated depreciation
$2,375,481
-
10c · Land, buildings and equipment, net
beginning of year $3,306,472 · end of year $3,186,462
-
15 · Other assets
beginning of year $408,634 · end of year $458,089
-
17 · Accounts payable and accrued expenses
beginning of year $41,459 · end of year $58,251
-
23 · Secured mortgages and notes payable
beginning of year $5,189,200 · end of year $5,189,200
-
25 · Other liabilities
beginning of year $22,367 · end of year $22,466
-
27 · Net assets without donor restrictions
beginning of year -$1,511,911 · end of year -$1,600,246
Mission and programs · 2022
Mission
THE CORPORATION OPERATES ITS 58 APARTMENTS UNITS AT 3027 FERNBROOK LANE, NASHVILLE, DAVIDSON COUNTY, TN TO PROVIDE HOUSING FOR ELIGIBLE LOW INCOME ELDERLY PERSONS IN ACCORDANCE WITH THE SECTION 202 CAPITAL ADVANCE PROGRAM OF THE U.S. DEPARTMENT OF HUD.
Activities or mission (Part I)
THE CORPORATION OPERATES ITS 58 APARTMENTS UNITS AT 3027 FERNBROOK LANE, NASHVILLE, DAVIDSON COUNTY, TENNESSEE TO PROVIDE HOUSING FOR ELIGIBLE LOW INCOME ELDERLY PERSONS IN ACCORDANCE WITH THE SECTION 202 CAPITAL ADVANCE PROGRAM OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
-
PROVIDED 58 HOUSING UNITS TO LOW AND MODERATE INCOME ELDERLY IN TENNESSEE. RESIDENTS ARE QUALIFIED UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
Expenses $516,624 · Revenue $268,194
As filed on the 2022 return.
Listed in Part VII
-
John RobinsonJOHN ROBINSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 6
-
John A ThweattJOHN A THWEATT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Tom PurkeyTOM PURKEY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Carole EnglishCAROLE ENGLISH
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Donald B HolladayDONALD B HOLLADAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia GammellPATRICIA GAMMELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 2022
- Filed
- 30 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302429349300415
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