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← TWIN RIVERS COMMUNITY CORPORATION

Form 990 for tax year 2022

Filed by TWIN RIVERS COMMUNITY CORPORATION.

Totals

Total revenue
$146,758
Total expenses
$199,103
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$146,260
Investment income
$498
Other revenue
$0
Total assets, end of year
$1,236,637
Total liabilities, end of year
$1,259,266
Net assets or fund balances, end of year
-$22,629
Program services expenses (Part IX)
$191,805
Management and general expenses
$7,298
Fundraising expenses
$0
Program service expenses (Part III)
$191,805

Program services were 96.3% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $146,185 · related or exempt $146,185

  • 2f · All other program service revenue

    total $75 · related or exempt $75

  • 3 · Investment income

    total $498 · related or exempt $498

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $31,015 · program services $31,015

  • 11b · Fees: legal

    total $690 · management and general $690

  • 11c · Fees: accounting

    total $2,340 · management and general $2,340

  • 13 · Office expenses

    total $4,449 · program services $181 · management and general $4,268

  • 20 · Interest

    total $2,865 · program services $2,865

  • 22 · Depreciation, depletion and amortization

    total $50,370 · program services $50,370

  • 23 · Insurance

    total $15,300 · program services $15,300

  • 24a · Other expenses: TRASH AND SNOW REMOVAL

    total $21,371 · program services $21,371

  • 24b · Other expenses: BAD DEBT

    total $20,100 · program services $20,100

  • 24c · Other expenses: PROPERTY TAXES

    total $18,201 · program services $18,201

  • 24d · Other expenses: REPAIRS AND MAINTENANCE

    total $17,860 · program services $17,860

  • 24e · All other expenses

    total $14,542 · program services $14,542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $538 · end of year $1,254

  • 4 · Accounts receivable

    beginning of year $12,970 · end of year $1,284

  • 7 · Other notes and loans receivable

    beginning of year $36,695 · end of year $36,894

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,983 · end of year $11,355

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

    $1,585,615

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

    $732,246

  • 10c · Land, buildings and equipment, net

    beginning of year $903,739 · end of year $853,369

  • 13 · Investments: program-related

    beginning of year $252,875 · end of year $252,875

  • 15 · Other assets

    beginning of year $77,295 · end of year $79,606

  • 17 · Accounts payable and accrued expenses

    beginning of year $61,446 · end of year $59,513

  • 23 · Secured mortgages and notes payable

    beginning of year $696,290 · end of year $691,836

  • 25 · Other liabilities

    beginning of year $507,643 · end of year $507,917

  • 27 · Net assets without donor restrictions

    beginning of year $29,716 · end of year -$22,629

Mission and programs · 2022

Mission

TO EXPAND THE AVAILABILITY OF SAFE, DECENT, AFFORDABLE HOUSING TOLOW-INCOME FAMILIES AND INDIVIDUALS IN THE TWIN RIVERS AREA.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME PERSONS.

  • THE CORPORATION DEVELOPS HEALTHY AND SAFE HOUSING OPPORTUNITIES. THEY OWN & MANAGE 15 RESIDENTIAL APARTMENTS FOR LOW INCOME TENANTS AND MANAGE 6 RESIDENTIAL UNITS OWNED BY RELATED PARTNERSHIPS.

    Expenses $191,805 · Revenue $146,758

As filed on the 2022 return.

Listed in Part VII

  • MICHAEL TABORY

    VICE PRESIDENT/ASSISTANT S

    Total calculated
    $0
    Hours/week
    2

  • STEVEN GREGOIRE

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JEANNE AGRI

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BETH HEYWARD

    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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2022
Filed
13 October 2023
IRS schema version
2022v5.0
Source object
202343109349302704

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