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Nonprofiteer
← ARC HOUSING INC

Form 990 for tax year 2022

Filed by ARC HOUSING INC.

Totals

Total revenue
$322,716
Total expenses
$300,724
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$177,528
Investment income
$1,948
Other revenue
$143,240
Total assets, end of year
$824,315
Total liabilities, end of year
$769,548
Net assets or fund balances, end of year
$54,767
Program services expenses (Part IX)
$262,342
Management and general expenses
$38,382
Fundraising expenses
$0
Program service expenses (Part III)
$262,342

Program services were 87.2% 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: TENTANT ASSISTANCE PAYMENTS

    total $177,528 · related or exempt $177,528

  • 3 · Investment income

    total $1,948 · excluded $1,948

  • 6a · Gross rents

    real property $147,165

  • 6b · Less rental expenses

    real property $5,213

  • 6c · Rental income or loss

    real property $141,952

  • 6d · Net rental income or loss

    total $141,952 · related or exempt $141,952

  • 11a · Other revenue: LAUNDRY & VENDING

    total $1,259 · excluded $1,259

  • 11b · Other revenue: OTHER

    total $29 · excluded $29

  • 11e · Other revenue, total

    $1,288

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $20,808 · management and general $20,808

  • 11c · Fees: accounting

    total $13,349 · program services $10,983 · management and general $2,366

  • 11g · Fees: other

    total $61,977 · program services $50,994 · management and general $10,983

  • 16 · Occupancy

    total $72,837 · program services $72,837

  • 20 · Interest

    total $44,205 · program services $44,205

  • 22 · Depreciation, depletion and amortization

    total $53,835 · program services $53,835

  • 23 · Insurance

    total $8,084 · program services $8,084

  • 24a · Other expenses: SUPPLIES

    total $23,699 · program services $19,474 · management and general $4,225

  • 24b · Other expenses: MISC

    total $1,930 · program services $1,930

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,263 · end of year $46,837

  • 2 · Savings and temporary cash investments

    beginning of year $170,140 · end of year $190,872

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,944 · end of year $3,306

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

    $1,803,363

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

    $1,220,063

  • 10c · Land, buildings and equipment, net

    beginning of year $592,584 · end of year $583,300

  • 17 · Accounts payable and accrued expenses

    beginning of year $37,868 · end of year $33,811

  • 19 · Deferred revenue

    beginning of year $6,619 · end of year $6,381

  • 23 · Secured mortgages and notes payable

    beginning of year $740,140 · end of year $719,274

  • 25 · Other liabilities

    beginning of year $9,529 · end of year $10,082

  • 27 · Net assets without donor restrictions

    beginning of year $32,775 · end of year $54,767

Mission and programs · 2022

Mission

TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR THE ELDERLY AND DEVELOPMENTALLY DISABLED INDIVIDUALS.

  • TO PROVIDE SAFE AND AFFORDABLE HOUSING FOR THE ELDERLY AND DEVELOPMENTALLY DISABLED INDIVIDUALS.

    Expenses $262,342 · Revenue $177,528

As filed on the 2022 return.

Listed in Part VII

  • Paul Graham

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5

  • Courtney Jacobitz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lindee Kimball

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Krueger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • David Krug

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Melissa Morrill

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Harold Sabel

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Pat Sesing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2 May 2023
IRS schema version
2022v5.0
Source object
202301289349301135

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