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← ABILITIES AT SIERRA APARTMENTS INC

Form 990 for tax year 2022

Filed by ABILITIES AT SIERRA APARTMENTS INC.

Totals

Total revenue
$222,520
Total expenses
$277,276
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$222,492
Investment income
$28
Other revenue
$0
Total assets, end of year
$549,061
Total liabilities, end of year
$1,433,483
Net assets or fund balances, end of year
-$884,422
Program services expenses (Part IX)
$238,196
Management and general expenses
$39,080
Fundraising expenses
$0
Program service expenses (Part III)
$238,196

Program services were 85.9% 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: TENANT ASSISTANCE

    total $166,660 · related or exempt $166,660

  • 2b · Program service revenue: RENT INCOME

    total $55,832 · related or exempt $55,832

  • 3 · Investment income

    total $28 · excluded $28

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $61,788 · program services $45,888 · management and general $15,900

  • 11a · Fees: management

    total $19,731 · management and general $19,731

  • 11c · Fees: accounting

    total $3,421 · management and general $3,421

  • 11g · Fees: other

    total $33,401 · program services $33,401

  • 13 · Office expenses

    total $20,466 · program services $20,466

  • 16 · Occupancy

    total $1,126 · program services $1,126

  • 22 · Depreciation, depletion and amortization

    total $35,657 · program services $35,657

  • 23 · Insurance

    total $4,684 · program services $4,684

  • 24a · Other expenses: CONDO FEES

    total $91,272 · program services $91,272

  • 24b · Other expenses: HUD RENTING EXPENSES

    total $3,024 · program services $2,996 · management and general $28

  • 24c · Other expenses: TAXES & LICENSES

    total $2,706 · program services $2,706

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,319 · end of year $115,292

  • 4 · Accounts receivable

    beginning of year -$1,080 · end of year -$2,747

  • 9 · Prepaid expenses and deferred charges

    beginning of year -$23,506

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

    $1,313,669

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

    $877,153

  • 10c · Land, buildings and equipment, net

    beginning of year $472,172 · end of year $436,516

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,345 · end of year $64,087

  • 25 · Other liabilities

    beginning of year $1,354,226 · end of year $1,369,396

  • 27 · Net assets without donor restrictions

    beginning of year -$829,666 · end of year -$884,422

Mission and programs · 2022

Mission

TO PROVIDE LOW-INCOME HOUSING FOR INDIVIDUALS WITH SEVERE DISABILITIES.

  • THE ORGANIZATION RENTS REHABILITATED HOUSING FACILITIES TO PEOPLE WITH SEVERE PHYSICAL DISABILITIES WHO ARE CLASSIFIED AS LOW INCOME.

    Expenses $238,196 · Revenue $222,492

As filed on the 2022 return.

Listed in Part VII

  • MATTHEW MOTKO

    EXECUTIVE DIRECTOR

    Total calculated
    $189,339
    From this org
    $0
    From related orgs
    $160,642
    Other
    $28,697
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $148,624 related
    Bonus
    $0 + $11,360 related
    Other
    $0 + $658 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,697 related
    Filer's total
    $0 + $189,339 related

  • LISA CICCOLELLI

    DIRECTOR-HOUSING

    Total calculated
    $133,358
    From this org
    $0
    From related orgs
    $114,945
    Other
    $18,413
    Hours/week
    1 + 39 related

  • LALANIA SEEDERS

    CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • KATIE BANDEL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • KEVIN SOUTHCOTT

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • SHIRLEY QUINNELL-FRIEDMAN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • DIANE MCADAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • AMANDA GOMEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • BRUCE PATTERSON

    PRESIDENT/CEO

    Total calculated
    $608,776
    From this org
    $0
    From related orgs
    $570,603
    Other
    $38,173
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,471 related
    Bonus
    $0 + $104,662 related
    Other
    $0 + $23,470 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,173 related
    Filer's total
    $0 + $608,776 related

  • MARK HALL

    PRESIDENT (RETIRED 10/22)

    Total calculated
    $444,584
    From this org
    $0
    From related orgs
    $408,678
    Other
    $35,906
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $299,962 related
    Bonus
    $0 + $85,931 related
    Other
    $0 + $22,785 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,906 related
    Filer's total
    $0 + $444,584 related

  • NATHANIEL HOOVER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $354,977
    From this org
    $0
    From related orgs
    $343,563
    Other
    $11,414
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,658 related
    Bonus
    $0 + $62,500 related
    Other
    $0 + $405 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $11,414 related
    Filer's total
    $0 + $354,977 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
23 January 2024
IRS schema version
2022v5.0
Source object
202420319349300602

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