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Nonprofiteer
← MCKINLEY III INC

Form 990 for tax year 2022

Filed by MCKINLEY III INC.

Totals

Total revenue
$154,282
Total expenses
$173,886
Contributions and grants received
$122,325
Grants paid
$0
Program service revenue
$29,505
Investment income
$2,452
Other revenue
$0
Total assets, end of year
$829,630
Total liabilities, end of year
$1,103,615
Net assets or fund balances, end of year
-$273,985
Program services expenses (Part IX)
$143,557
Management and general expenses
$30,329
Fundraising expenses
$0
Program service expenses (Part III)
$143,557

Program services were 82.6% 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)

    $122,325

  • 2a · Program service revenue: RENTAL INCOME

    total $29,136 · related or exempt $29,136

  • 2b · Program service revenue: VACANCIES

    total $369 · related or exempt $369

  • 3 · Investment income

    total $2,452 · excluded $2,452

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $5,976 · management and general $5,976

  • 11c · Fees: accounting

    total $22,678 · management and general $22,678

  • 11g · Fees: other

    total $12,272 · program services $12,272

  • 13 · Office expenses

    total $3,713 · program services $3,713

  • 16 · Occupancy

    total $69,370 · program services $69,370

  • 22 · Depreciation, depletion and amortization

    total $42,519 · program services $42,519

  • 23 · Insurance

    total $2,434 · program services $2,434

  • 24a · Other expenses: ADMINISTRATIVE

    total $13,249 · program services $13,249

  • 24b · Other expenses: UTILITIES

    total $1,675 · management and general $1,675

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,689 · end of year $15,912

  • 4 · Accounts receivable

    beginning of year $10,475 · end of year $11,493

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

    $1,287,453

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

    $705,514

  • 10c · Land, buildings and equipment, net

    beginning of year $608,814 · end of year $581,939

  • 15 · Other assets

    beginning of year $222,117 · end of year $220,286

  • 23 · Secured mortgages and notes payable

    beginning of year $967,900 · end of year $967,902

  • 25 · Other liabilities

    beginning of year $153,576 · end of year $135,713

  • 27 · Net assets without donor restrictions

    beginning of year -$254,381 · end of year -$273,985

Mission and programs · 2022

Mission

EMPOWER, EDUCATE, AND EMPLOY PEOPLE TO CHANGE LIVES AND STRENGTHEN COMMUNITIES.

  • TO PROVIDE SUPPORTIVE HOUSING FOR PERSONS WITH DISABILITIES (SECTION 811) AND TO PROVIDE TENANT-BASED RENTAL ASSISTANCE UNDER CONTRACTS WITH HUD FOR LOW INCOME PERSONS WITH DISABILITIES.

    Expenses $143,557 · Revenue $29,505

As filed on the 2022 return.

Listed in Part VII

  • JAMAL MALONE

    PRESIDENT

    Total calculated
    $489,499
    From this org
    $0
    From related orgs
    $458,104
    Other
    $31,395
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $408,269 related
    Bonus
    $0 + $49,835 related
    Other
    $0
    Deferred
    $0 + $5,800 related
    Nontaxable benefits
    $0 + $25,595 related
    Filer's total
    $0 + $489,499 related

  • ERIC EDQUIST

    SECRETARY

    Total calculated
    $173,639
    From this org
    $0
    From related orgs
    $162,605
    Other
    $11,034
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,897 related
    Bonus
    $0 + $20,708 related
    Other
    $0
    Deferred
    $0 + $3,130 related
    Nontaxable benefits
    $0 + $7,904 related
    Filer's total
    $0 + $173,639 related

  • EZEKIEL MORRIS

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • OLADIMEJI OLOKUN

    BOARD MEMBER

    Total calculated
    $118,414
    From this org
    $0
    From related orgs
    $93,469
    Other
    $24,945
    Hours/week
    0.5 + 39.5 related

  • NAKITA BURRELL

    CFAO, ADA S. MCKINLEY

    Total calculated
    $286,144
    From this org
    $0
    From related orgs
    $268,576
    Other
    $17,568
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,576 related
    Bonus
    $0 + $36,000 related
    Other
    $0
    Deferred
    $0 + $4,642 related
    Nontaxable benefits
    $0 + $12,926 related
    Filer's total
    $0 + $286,144 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION REVIEW PROCEDURES ARE PERFORMED BY A RELATED ORGANIZATION, ADA S MCKINLEY COMMUNITY SERVICES, INC. COMPENSATION IS DISCUSSED BY THE COMPENSATION COMMITTEE BASED UPON THE PERFORMANCE REVIEW OF THE OFFICER. RECORDS ARE KEPT FOR THE COMPARABILITY AND SUBSTANTIATION AND THE DECISION IS MADE THERE UPON. STUDIES ARE CONDUCTED FOR THE EXECUTIVES AND OFFICERS' COMPENSATION.

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
29 April 2024
IRS schema version
2022v5.0
Source object
202401229349302450

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