Skip to content
Nonprofiteer
← RIDGEBURY APARTMENTS INC

Form 990 for tax year 2022

Filed by RIDGEBURY APARTMENTS INC.

Totals

Total revenue
$324,414
Total expenses
$485,164
Contributions and grants received
$124,488
Grants paid
$0
Program service revenue
$189,060
Investment income
$3,706
Other revenue
$7,160
Total assets, end of year
$3,841,816
Total liabilities, end of year
$5,086,484
Net assets or fund balances, end of year
-$1,244,668
Program services expenses (Part IX)
$433,400
Management and general expenses
$51,764
Fundraising expenses
$0
Program service expenses (Part III)
$433,400

Program services were 89.3% 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)

    $124,488

  • 2a · Program service revenue: RENT INCOME

    total $189,060 · related or exempt $189,060

  • 3 · Investment income

    total $3,706 · excluded $3,706

  • 11a · Other revenue: LAUNDRY & VENDING REV

    total $6,648 · related or exempt $6,648

  • 11b · Other revenue: TENANT CHARGES

    total $368 · related or exempt $368

  • 11c · Other revenue: MISCELLANEOUS REVENUE

    total $144 · related or exempt $144

  • 11e · Other revenue, total

    $7,160

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $32,717 · management and general $32,717

  • 11g · Fees: other

    total $34,526 · program services $34,526

  • 12 · Advertising and promotion

    total $659 · program services $659

  • 13 · Office expenses

    total $7,041 · program services $7,041

  • 14 · Information technology

    total $1,202 · program services $1,202

  • 16 · Occupancy

    total $187,379 · program services $187,379

  • 17 · Travel

    total $884 · program services $884

  • 19 · Conferences, conventions and meetings

    total $3 · program services $3

  • 22 · Depreciation, depletion and amortization

    total $151,563 · program services $151,563

  • 24a · Other expenses: REIMBURSED EXPENSES

    total $42,571 · program services $42,571

  • 24b · Other expenses: OTHER EXPENSES

    total $19,047 · management and general $19,047

  • 24c · Other expenses: NEIGHBORHOOD NETWORK

    total $6,280 · program services $6,280

  • 24d · Other expenses: BAD DEBT

    total $884 · program services $884

  • 24e · All other expenses

    total $408 · program services $408

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,792 · end of year $2,847

  • 2 · Savings and temporary cash investments

    beginning of year $389,476 · end of year $389,570

  • 4 · Accounts receivable

    beginning of year $44 · end of year $433

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,371 · end of year $32,261

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

    $5,335,355

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

    $1,918,650

  • 10c · Land, buildings and equipment, net

    beginning of year $3,561,358 · end of year $3,416,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,531 · end of year $30,658

  • 19 · Deferred revenue

    beginning of year $4,568 · end of year $4,013

  • 21 · Escrow or custodial account liability

    beginning of year $15,653 · end of year $16,606

  • 23 · Secured mortgages and notes payable

    beginning of year $5,035,207 · end of year $5,035,207

  • 27 · Net assets without donor restrictions

    beginning of year -$1,083,918 · end of year -$1,244,668

Mission and programs · 2022

Mission

TO PROVIDE AND MAINTAIN 45 AFFORDABLE INDEPENDENT RENTAL HOUSING UNITS FOR ELDERLY INDIVIDUALS.

Activities or mission (Part I)

TO PROVIDE AND MAINTAIN 45 AFFORDABLE HOUSING UNITS FOR ELDERLY INDIVIDUALS.

  • RIDGEBURY APARTMENTS, INC., THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICES (HANDS) PROVIDES ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO ELDERLY INDIVIDUALS IN ERIE, PA.

    Expenses $433,400 · Revenue $196,220

As filed on the 2022 return.

Listed in Part VII

  • Sharon Richardson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Melissa Grucza

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cindy K Stone

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sister Marianne Stuckert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joe Bloomstine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Almitra Clerkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annette Franklin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Harkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Jaruszewicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jane Kirk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Steger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Vantassel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Villa

    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.

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
10 August 2023
IRS schema version
2022v5.0
Source object
202312339349301526

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.