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Nonprofiteer
← MENTAL HEALTH CARE AFFORDABLE HOUSING IV INC

Form 990 for tax year 2023

Filed by MENTAL HEALTH CARE AFFORDABLE HOUSING IV INC.

Totals

Total revenue
$255,330
Total expenses
$319,682
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$254,026
Investment income
$1,304
Other revenue
$0
Total assets, end of year
$1,495,940
Total liabilities, end of year
$180,586
Net assets or fund balances, end of year
$1,315,354
Program services expenses (Part IX)
$273,465
Management and general expenses
$46,217
Fundraising expenses
$0
Program service expenses (Part III)
$273,465

Program services were 85.5% 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: TENANT RENT

    total $252,712 · related or exempt $252,712

  • 2b · Program service revenue: TENANT CHARGES

    total $1,314 · related or exempt $1,314

  • 3 · Investment income

    total $1,304 · excluded $1,304

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $48,179 · program services $48,179

  • 10 · Payroll taxes

    total $5,350 · program services $5,350

  • 11a · Fees: management

    total $17,352 · management and general $17,352

  • 11b · Fees: legal

    total $3,432 · management and general $3,432

  • 11c · Fees: accounting

    total $13,597 · management and general $13,597

  • 13 · Office expenses

    total $19,221 · program services $7,385 · management and general $11,836

  • 16 · Occupancy

    total $93,673 · program services $93,673

  • 22 · Depreciation, depletion and amortization

    total $65,639 · program services $65,639

  • 23 · Insurance

    total $36,040 · program services $36,040

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $15,647 · program services $15,647

  • 24b · Other expenses: PROPERTY TAXES

    total $1,147 · program services $1,147

  • 24c · Other expenses: SECURITY CONTRACT

    total $405 · program services $405

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,929 · end of year $40,216

  • 3 · Pledges and grants receivable

    beginning of year $2,622 · end of year $2,404

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

    $2,116,852

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

    $738,889

  • 10c · Land, buildings and equipment, net

    beginning of year $1,443,602 · end of year $1,377,963

  • 15 · Other assets

    beginning of year $45,784 · end of year $75,357

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,857 · end of year $14,159

  • 19 · Deferred revenue

    beginning of year $606 · end of year $1,309

  • 25 · Other liabilities

    beginning of year $80,768 · end of year $165,118

  • 27 · Net assets without donor restrictions

    beginning of year $679,706 · end of year $755,354

  • 28 · Net assets with donor restrictions

    beginning of year $700,000 · end of year $560,000

Mission and programs · 2023

Mission

THE PROJECT PROVIDES HOUSING TO LOW-INCOME FAMILIES NOT OTHERWISE ABLE TO AFFORD SAFE HOUSING. THE PROPERTY QUALIFIES TO RECEIVE SECTION 8 BENEFITS IN ACCORDANCE WITH REGULATIONS OF THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Activities or mission (Part I)

TO ACQUIRE AND MANAGE PROPERTIES TO PROVIDE AFFORDABLE HOUSING FOR LOW INCOME FAMILIES.

  • SECTION 8 HOUSING ASSISTANCE PROGRAM. THIS PROGRAM IS FUNDED BY HUD ANDIS INTENDED TO SUBSIDIZE THE RENT CHARGED TO ALL TENANTS WHO QUALIFYDUE TO THEIR LOW-INCOME STATUS. RENTAL OF UNITS COMMENCED IN FEBRUARY2014.

    Expenses $273,465 · Revenue $254,026

As filed on the 2023 return.

Listed in Part VII

  • Ray Sikorski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Tarabocchia

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Bosson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Edi Erb

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Carolyn Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jason Sumerau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Roaya Tyson

    CEO

    Total calculated
    $386,863
    From this org
    $0
    From related orgs
    $348,077
    Other
    $38,786
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,060 related
    Bonus
    $0 + $77,474 related
    Other
    $0 + $1,543 related
    Deferred
    $0 + $14,539 related
    Nontaxable benefits
    $0 + $24,247 related
    Filer's total
    $0 + $386,863 related

  • Steven Welch

    CFO

    Total calculated
    $312,967
    From this org
    $0
    From related orgs
    $284,756
    Other
    $28,211
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $223,039 related
    Bonus
    $0 + $60,364 related
    Other
    $0 + $1,353 related
    Deferred
    $0 + $11,629 related
    Nontaxable benefits
    $0 + $16,582 related
    Filer's total
    $0 + $312,967 related

  • Joseph Rutherford

    FORMER CEO

    Total calculated
    $150,236
    From this org
    $0
    From related orgs
    $132,684
    Other
    $17,552
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,761 related
    Bonus
    $0
    Other
    $0 + $923 related
    Deferred
    $0 + $5,528 related
    Nontaxable benefits
    $0 + $12,024 related
    Filer's total
    $0 + $150,236 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

The filer's explanations (Part III)

PART I, LINE 3
FOR THE PURPOSES OF DETERMINING COMPENSATION, THE FILING ORGANIZATION, MENTAL HEALTH CARE AFFORDABLE HOUSING IV, INC., RELIED ON RELATED ORGANIZATIONS TO ESTABLISH COMPENSATION OF EXECUTIVES, OFFICERS AND KEY EMPLOYEES. THE RELATED ORGANIZATION, MENTAL HEALTH CARE, INC., USED THE FOLLOWING PRACTICES FOR ESTABLISHING COMPENSATION FOR SUCH INDIVIDUALS: WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMITTEE.

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.

  • MENTAL HEALTH CARE INC

    501(C)(3) · COMMUNITY MENTAL HEALTH AGENCY · FL

  • BRANDON APARTMENTS INC

    501(C)(3) · SUPPORTIVE HOUSING FOR INDIVIDUALS WITH DISABILITIES · FL

    Directly controlled by MENTAL HEALTH CARE INC

  • ROME APARTMENTS INC

    501(C)(3) · SUPPORTIVE HOUSING FOR INDIVIDUALS WITH DISABILITIES · FL

    Directly controlled by MENTAL HEALTH CARE INC

  • HUBERT APARTMENTS

    501(C)(3) · SUPPORTIVE HOUSING FOR INDIVIDUALS WITH DISABILITIES · FL

    Directly controlled by MENTAL HEALTH CARE INC

  • ALEXANDER APARTMENTS OF PLANY CITY INC

    501(C)(3) · SUPPORTIVE HOUSING FOR INDIVIDUALS WITH DISABILITIES · FL

    Directly controlled by MENTAL HEALTH CARE INC

  • ARMENIA-EDDY APARTMENTS INC

    501(C)(3) · SUPPORTIVE HOUSING FOR INDIVIDUALS WITH DISABILITIES · FL

    Directly controlled by MENTAL HEALTH CARE INC

  • NSP III INC

    501(C)(3) · SUPPORTIVE HOUSING FOR INDIVIDUALS WITH DISABILITIES · FL

    Directly controlled by MENTAL HEALTH CARE INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 September 2024
IRS schema version
2023v5.1
Source object
202422919349300012

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