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Nonprofiteer
← SHELTER AMERICA GROUP

Form 990 for tax year 2022

Filed by SHELTER AMERICA GROUP.

Totals

Total revenue
$741,071
Total expenses
$1,104,462
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$858,317
Investment income
$46,416
Other revenue
-$163,662
Total assets, end of year
$9,559,471
Total liabilities, end of year
$3,613,322
Net assets or fund balances, end of year
$5,946,149
Program services expenses (Part IX)
$1,104,462
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,104,462

Program services were 100.0% 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 REVENUE

    total $664,664 · related or exempt $664,664

  • 2b · Program service revenue: ASSET MANAGEMENT FEES

    total $161,754 · related or exempt $161,754

  • 2c · Program service revenue: MISCELLANEOUS

    total $29,751 · related or exempt $29,751

  • 2d · Program service revenue: LEASE INCOME

    total $2,148 · related or exempt $2,148

  • 3 · Investment income

    total $46,416 · related or exempt -$9,830 · excluded $56,246

  • 11a · Other revenue: LOSS ON INVESTMENTS IN PTNSHI

    total -$163,662 · related or exempt -$163,662

  • 11e · Other revenue, total

    -$163,662

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $263,697 · program services $263,697

  • 11c · Fees: accounting

    total $825 · program services $825

  • 11g · Fees: other

    total $116,949 · program services $116,949

  • 13 · Office expenses

    total $39,974 · program services $39,974

  • 17 · Travel

    total $6,011 · program services $6,011

  • 20 · Interest

    total $43,489 · program services $43,489

  • 22 · Depreciation, depletion and amortization

    total $139,781 · program services $139,781

  • 23 · Insurance

    total $68,017 · program services $68,017

  • 24a · Other expenses: SALARIES ALLOCATED

    total $214,859 · program services $214,859

  • 24b · Other expenses: CLEANING, MAINTENANCE & R

    total $113,989 · program services $113,989

  • 24c · Other expenses: UTILITIES

    total $76,113 · program services $76,113

  • 24d · Other expenses: BOARD MEETING

    total $8,267 · program services $8,267

  • 24e · All other expenses

    total $12,491 · program services $12,491

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,315,438 · end of year $1,154,495

  • 4 · Accounts receivable

    beginning of year $14,013 · end of year $16,481

  • 7 · Other notes and loans receivable

    beginning of year $986,838 · end of year $914,236

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,617 · end of year $28,343

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

    $13,871,141

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

    $7,707,224

  • 10c · Land, buildings and equipment, net

    beginning of year $2,696,900 · end of year $6,163,917

  • 12 · Investments: other securities

    beginning of year $635,684 · end of year $647,834

  • 13 · Investments: program-related

    beginning of year $1,264,342 · end of year $211,538

  • 15 · Other assets

    beginning of year $287,931 · end of year $422,627

  • 17 · Accounts payable and accrued expenses

    beginning of year $136,545 · end of year $159,836

  • 19 · Deferred revenue

    beginning of year $89,336 · end of year $96,945

  • 23 · Secured mortgages and notes payable

    beginning of year $1,514,601 · end of year $3,190,481

  • 25 · Other liabilities

    beginning of year $79,434 · end of year $166,060

  • 27 · Net assets without donor restrictions

    beginning of year $5,391,847 · end of year $5,946,149

Mission and programs · 2022

Mission

TO DEVELOP, ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE HOUSING FOR THE VERY LOW INCOME FAMILY AND SENIOR CITIZENS AND HOMES FOR THE AGING IN WASHINGTON, OREGON, ARIZONA AND COLORADO.

  • SHELTER AMERICA GROUP, THROUGH ITS INVESTMENTS IN LIMITED PARTNERSHIPS, IS RESPONSIBLE FOR DEVELOPING, CONSTRUCTING, REHABILITATING AND OWNING MORE THAN 2,000 UNITS OF LOW INCOME HOUSING.

    Expenses $1,104,462 · Revenue $684,825

As filed on the 2022 return.

Listed in Part VII

  • Christopher Bric

    PRESIDENT

    Total calculated
    $121,000
    From this org
    $121,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • Bradley Bullock

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    10

  • Michael Chellis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Timothy A Fox

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Robert Jacobson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • Jayn K Kellar

    DIRECTOR/SEC

    Total calculated
    $0
    Hours/week
    3

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SAG ADRIANA LLC

    C CORP · REAL ESTAT · WA · 100% owned · share of income $10,891 · share of assets $47,261

  • SAG CASINO LANE LLC

    C CORP · REAL ESTAT · WA · 100% owned · share of income $1,884

  • SAG 21 LLC

    C CORP · REAL ESTAT · WA · 100% owned · share of income -$21 · share of assets $352,276

  • SAG-PP1 GP LLC

    C CORP · REAL ESTAT · WA · 100% owned · share of income -$11 · share of assets $266

  • SAG-COLLEGE GLEN GP LLC

    C CORP · REAL ESTAT · WA · 100% owned · share of income $9,856 · share of assets $368,081

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349306728

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