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Nonprofiteer
← VILLAGE AT HICKORY GLEN APARTMENT HOMES INC

Form 990 for tax year 2023

Filed by VILLAGE AT HICKORY GLEN APARTMENT HOMES INC.

Totals

Total revenue
$158,316
Total expenses
$216,129
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$157,543
Investment income
$744
Other revenue
$29
Total assets, end of year
$2,272,426
Total liabilities, end of year
$893,658
Net assets or fund balances, end of year
$1,378,768
Program services expenses (Part IX)
$195,519
Management and general expenses
$20,610
Fundraising expenses
$0
Program service expenses (Part III)
$195,519

Program services were 90.5% 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 PAYM

    total $105,888 · related or exempt $105,888

  • 2b · Program service revenue: RENT REVENUE - GROSS P

    total $49,080 · related or exempt $49,080

  • 2c · Program service revenue: OTHER TENANT CHARGES

    total $3,075 · related or exempt $3,075

  • 2d · Program service revenue: VACANCIES

    total -$500 · related or exempt -$500

  • 3 · Investment income

    total $744 · excluded $744

  • 11a · Other revenue: MISCELLANEOUS

    total $29 · related or exempt $29

  • 11e · Other revenue, total

    $29

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $23,109 · program services $23,109

  • 10 · Payroll taxes

    total $2,061 · program services $2,061

  • 11a · Fees: management

    total $10,422 · management and general $10,422

  • 11b · Fees: legal

    total $129 · program services $129

  • 11c · Fees: accounting

    total $10,188 · management and general $10,188

  • 13 · Office expenses

    total $6,996 · program services $6,996

  • 16 · Occupancy

    total $59,248 · program services $59,248

  • 22 · Depreciation, depletion and amortization

    total $66,879 · program services $66,879

  • 23 · Insurance

    total $31,609 · program services $31,609

  • 24a · Other expenses: TAXES, LICENSES, AND IN

    total $5,428 · program services $5,428

  • 24b · Other expenses: BANK FEES

    total $60 · program services $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,246 · end of year $28,981

  • 4 · Accounts receivable

    beginning of year $588

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,290 · end of year $17,199

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

    $2,888,296

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

    $731,549

  • 10c · Land, buildings and equipment, net

    beginning of year $2,223,626 · end of year $2,156,747

  • 15 · Other assets

    beginning of year $73,285 · end of year $69,499

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,442 · end of year $6,076

  • 19 · Deferred revenue

    beginning of year $55 · end of year $589

  • 23 · Secured mortgages and notes payable

    beginning of year $881,000 · end of year $881,000

  • 25 · Other liabilities

    beginning of year $5,957 · end of year $5,993

  • 27 · Net assets without donor restrictions

    beginning of year -$380,219 · end of year -$438,032

  • 28 · Net assets with donor restrictions

    beginning of year $1,816,800 · end of year $1,816,800

Mission and programs · 2023

Mission

TO PROVIDE QUALITY AND AFFORDABLE HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

  • OPERATION OF A 15-UNIT APARTMENT COMPLEX FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES FUNDED BY HUD UNDER ITS SECTION 811 PROGRAM.

    Expenses $195,519 · Revenue $157,572

As filed on the 2023 return.

Listed in Part VII

  • Kristy Conrad

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Ellen Goudeaux

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Mantell

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • David Bubier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lily Pan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202540159349301109

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