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Nonprofiteer
← PLANO COMMUNITY HOME PHASE III INC

Form 990 for tax year 2022

Filed by PLANO COMMUNITY HOME PHASE III INC.

Totals

Total revenue
$503,106
Total expenses
$686,732
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$496,045
Investment income
$766
Other revenue
$6,295
Total assets, end of year
$1,296,442
Total liabilities, end of year
$48,754
Net assets or fund balances, end of year
$1,247,688
Program services expenses (Part IX)
$508,440
Management and general expenses
$178,292
Fundraising expenses
$0
Program service expenses (Part III)
$508,440

Program services were 74.0% 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: RENTAL INCOME

    total $496,045 · related or exempt $496,045

  • 3 · Investment income

    total $766 · excluded $766

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $6,295 · excluded $6,295

  • 11e · Other revenue, total

    $6,295

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $185,784 · program services $87,571 · management and general $98,213

  • 8 · Pension plan contributions

    total $4,427 · program services $2,087 · management and general $2,340

  • 9 · Other employee benefits

    total $53,912 · program services $25,412 · management and general $28,500

  • 10 · Payroll taxes

    total $13,198 · program services $6,221 · management and general $6,977

  • 11b · Fees: legal

    total $1,305 · management and general $1,305

  • 11c · Fees: accounting

    total $6,565 · management and general $6,565

  • 13 · Office expenses

    total $21,427 · management and general $21,427

  • 14 · Information technology

    total $2,111 · management and general $2,111

  • 16 · Occupancy

    total $237,355 · program services $235,464 · management and general $1,891

  • 17 · Travel

    total $1,087 · management and general $1,087

  • 19 · Conferences, conventions and meetings

    total $1,049 · management and general $1,049

  • 22 · Depreciation, depletion and amortization

    total $84,530 · program services $84,530

  • 23 · Insurance

    total $67,155 · program services $67,155

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $6,689 · management and general $6,689

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $138 · management and general $138

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,078 · end of year $10,794

  • 2 · Savings and temporary cash investments

    beginning of year $214,371 · end of year $161,476

  • 4 · Accounts receivable

    beginning of year $21,759 · end of year $19,206

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

    $3,322,065

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

    $2,235,472

  • 10c · Land, buildings and equipment, net

    beginning of year $1,171,123 · end of year $1,086,593

  • 15 · Other assets

    beginning of year $17,811 · end of year $18,373

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,725 · end of year $38,565

  • 19 · Deferred revenue

    beginning of year $14,545 · end of year $0

  • 25 · Other liabilities

    beginning of year $9,558 · end of year $10,189

  • 27 · Net assets without donor restrictions

    beginning of year -$1,635,886 · end of year -$1,819,512

  • 28 · Net assets with donor restrictions

    beginning of year $3,067,200 · end of year $3,067,200

Mission and programs · 2022

Mission

POSITIVELY ENRICH THE QUALITY OF LIFE FOR RESIDENTS IN NEED BY PROVIDING PREMIER AFFORDABLE SENIOR, DISABLED AND VETERAN HOUSING IN ADDITION TO A CONTINUUM OF SERVICES. ACTIVELY INSPIRE AND EDUCATE COMMUNITY LEADERS TO ADVOCATE FOR HOUSING AND THE CONTINUUM OF SERVICES NEEDED IN THE NORTH TEXAS REGION.

Activities or mission (Part I)

PROVIDE HOUSING AND SERVICES FOR LOWER INCOME ELDERLY AND DISABLED PERSONS

  • PLANO COMMUNITY HOME PHASE III, INC. IS A NON-PROFIT CORPORATION ORGANIZED TO PROVIDE SUBSIDIZED HOUSING FOR THE LOWER INCOME ELDERLY AND DISABLED IN PLANO, TEXAS. PLANO COMMUNITY HOME PHASE III OPERATES A 61-UNIT HOUSING PROJECT FOR LOWER INCOME ELDERLY AND DISABLED.

    Expenses $508,440 · Revenue $496,045

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Willie E Rivers

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Janice Hildenbrand

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Stacie Herlihy

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Adnan Zaidi

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Chris Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • David Evans

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Mary Lynn Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Leona Driver

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.7 related

  • Lee Ann Hubanks

    PRESIDENT

    Total calculated
    $177,433
    From this org
    $0
    From related orgs
    $163,636
    Other
    $13,797
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,036 related
    Bonus
    $0
    Other
    $0 + $5,600 related
    Deferred
    $0 + $4,741 related
    Nontaxable benefits
    $0 + $9,056 related
    Filer's total
    $0 + $177,433 related

  • Rhoda Byers

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $177,183
    From this org
    $0
    From related orgs
    $163,388
    Other
    $13,795
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,976 related
    Bonus
    $0
    Other
    $0 + $5,412 related
    Deferred
    $0 + $4,739 related
    Nontaxable benefits
    $0 + $9,056 related
    Filer's total
    $0 + $177,183 related

  • Roque' Christensen

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $167,370
    From this org
    $0
    From related orgs
    $154,792
    Other
    $12,578
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $149,667 related
    Bonus
    $0
    Other
    $0 + $5,125 related
    Deferred
    $0 + $3,522 related
    Nontaxable benefits
    $0 + $9,056 related
    Filer's total
    $0 + $167,370 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.

Provenance

Return type
form_990
Tax year
2022
Filed
28 August 2024
IRS schema version
2022v5.0
Source object
202432479349301908

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