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← PRESBYTERIAN SERVICES FOR THE ELDERLY INC

Form 990 for tax year 2022

Filed by PRESBYTERIAN SERVICES FOR THE ELDERLY INC.

Totals

Total revenue
$2,405,029
Total expenses
$2,032,653
Contributions and grants received
$1,476,895
Grants paid
$0
Program service revenue
$692,233
Investment income
$1,952
Other revenue
$233,949
Total assets, end of year
$7,785,378
Total liabilities, end of year
$1,488,930
Net assets or fund balances, end of year
$6,296,448
Program services expenses (Part IX)
$1,884,378
Management and general expenses
$148,275
Fundraising expenses
$0
Program service expenses (Part III)
$1,884,378

Program services were 92.7% 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)

    $1,476,895

  • 2a · Program service revenue: RENTS - NET

    total $692,233 · related or exempt $692,233

  • 3 · Investment income

    total $1,952 · excluded $1,952

  • 11a · Other revenue: FOOD SERVICES

    total $152,708 · related or exempt $152,708

  • 11b · Other revenue: EXTRAORDINARY INS REV

    total $33,306 · related or exempt $33,306

  • 11c · Other revenue: LAUNDRY & VENDING

    total $23,101 · related or exempt $23,101

  • 11d · All other revenue

    total $24,834 · related or exempt $24,834

  • 11e · Other revenue, total

    $233,949

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $88,159 · management and general $88,159

  • 11b · Fees: legal

    total $763 · program services $763

  • 11c · Fees: accounting

    total $44,947 · management and general $44,947

  • 11g · Fees: other

    total $361,064 · program services $353,114 · management and general $7,950

  • 12 · Advertising and promotion

    total $5,921 · program services $5,921

  • 13 · Office expenses

    total $130,225 · program services $130,225

  • 16 · Occupancy

    total $446,690 · program services $446,690

  • 17 · Travel

    total $5,015 · program services $5,015

  • 19 · Conferences, conventions and meetings

    total $9,361 · program services $2,142 · management and general $7,219

  • 22 · Depreciation, depletion and amortization

    total $257,740 · program services $257,740

  • 23 · Insurance

    total $53 · program services $53

  • 24a · Other expenses: CONTRACT SERVICES

    total $500,435 · program services $500,435

  • 24b · Other expenses: FOOD SERVICES

    total $152,099 · program services $152,099

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $30,181 · program services $30,181

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,490,959 · end of year $1,432,000

  • 2 · Savings and temporary cash investments

    beginning of year $1,860,556 · end of year $2,031,956

  • 4 · Accounts receivable

    beginning of year $3,631,849 · end of year $286,054

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,507 · end of year $20,298

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

    $12,910,468

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

    $8,967,322

  • 10c · Land, buildings and equipment, net

    beginning of year $3,542,978 · end of year $3,943,146

  • 15 · Other assets

    beginning of year $310,070 · end of year $71,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,646,695 · end of year $345,242

  • 19 · Deferred revenue

    beginning of year $70 · end of year $1,898

  • 23 · Secured mortgages and notes payable

    beginning of year $1,178,911 · end of year $1,071,737

  • 25 · Other liabilities

    beginning of year $58,745 · end of year $70,053

  • 27 · Net assets without donor restrictions

    beginning of year $5,969,498 · end of year $6,296,448

Mission and programs · 2022

Mission

IT IS THE MISSION OF PRESEBYTERIAN SERVICES FOR THE ELDERLY, INC. TO PROVIDE ELDERLY PERSONS AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, MENTAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS ALL ON A NON-PROFIT BASIS.

  • THE SOLE PURPOSE IS TO PROVIDE SUBSIDIZED LOW AND MODERATE-INCOME APARTMENT RENTAL HOUSING FOR PRIMARILY ELDERLY PERSONS THROUGH THE U.S. DEPARTMENT OF HUD SECTIONS 202 AND 8 PROGRAMS.

    Expenses $1,884,378 · Revenue $926,182

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

Listed in Part VII

  • Kathleen Kearns

    DIRECTOR/PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Blair Sundquist

    DIRECTOR/VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rev Claire Brooks

    DIRECTOR/SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chuck Prewitt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Frances Rodgers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kent Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Susan Hon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mareta Edwards

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rev Charles Brooks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 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.

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
30 August 2023
IRS schema version
2022v5.0
Source object
202342489349301524

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