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Nonprofiteer
← MOUNT VERNON MANOR ANNEX

Form 990 for tax year 2023

Filed by MOUNT VERNON MANOR ANNEX.

Totals

Total revenue
$203,054
Total expenses
$196,630
Contributions and grants received
$2,000
Grants paid
$0
Program service revenue
$199,249
Investment income
$1,805
Other revenue
$0
Total assets, end of year
$2,835,886
Total liabilities, end of year
$276,063
Net assets or fund balances, end of year
$2,559,823
Program services expenses (Part IX)
$166,924
Management and general expenses
$29,706
Fundraising expenses
$0
Program service expenses (Part III)
$166,924

Program services were 84.9% 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.

  • 1f · All other contributions, gifts and grants

    $2,000

  • 2a · Program service revenue: Rental income

    total $191,366 · related or exempt $191,366

  • 2b · Program service revenue: Tenant charges

    total $7,288 · related or exempt $7,288

  • 2c · Program service revenue: Laundry income

    total $595 · related or exempt $595

  • 3 · Investment income

    total $1,805 · excluded $1,805

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $22,005 · management and general $22,005

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 13 · Office expenses

    total $1,631 · management and general $1,631

  • 20 · Interest

    total $11,114 · program services $11,114

  • 22 · Depreciation, depletion and amortization

    total $54,230 · program services $54,230

  • 23 · Insurance

    total $5,151 · program services $5,151

  • 24a · Other expenses: Project development

    total $46,516 · program services $46,516

  • 24b · Other expenses: Operating and maintenan

    total $18,982 · program services $18,982

  • 24c · Other expenses: Utilities

    total $16,468 · program services $16,468

  • 24d · Other expenses: Senior support

    total $12,130 · program services $12,130

  • 24e · All other expenses

    total $2,403 · program services $2,333 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $254,406 · end of year $141,551

  • 2 · Savings and temporary cash investments

    beginning of year $305,105 · end of year $88,303

  • 4 · Accounts receivable

    beginning of year $1,672 · end of year $0

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

    $3,184,487

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

    $578,455

  • 10c · Land, buildings and equipment, net

    beginning of year $2,010,262 · end of year $2,606,032

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,346 · end of year $6,470

  • 21 · Escrow or custodial account liability

    beginning of year $4,700 · end of year $4,500

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $265,093

  • 27 · Net assets without donor restrictions

    beginning of year $2,553,399 · end of year $2,559,823

Mission and programs · 2023

Mission

Mount Vernon Manor Annex is a Washington nonprofit corporation organized to provide housing to seniors in the Mount Vernon area.

Activities or mission (Part I)

Provide affordable housing to seniors in the Mount Vernon area

  • Mount Vernon Manor Annex provides eligible seniors affordable housing through a 16 unit low-income elderly housing complex referred to as the Annex.

    Expenses $117,408 · Revenue $199,249

  • Mount Vernon Manor Annex is developing affordable housing in the Mount Vernon area.

    Expenses $49,516

As filed on the 2023 return.

Listed in Part VII

  • Jim VanderMey

    President

    Total calculated
    $0
    Hours/week
    8

  • Tom Theisen

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Terry Schaberg

    Secretary

    Total calculated
    $0
    Hours/week
    4

  • Jim Koetje

    Treasurer

    Total calculated
    $0
    Hours/week
    5

  • Melissa Self

    Director

    Total calculated
    $0
    Hours/week
    2

  • Michele Metcalf

    Director

    Total calculated
    $0
    Hours/week
    2

  • April Axthelm

    Director

    Total calculated
    $0
    Hours/week
    2

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
20 August 2024
IRS schema version
2023v5.1
Source object
202402339349301815

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