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Nonprofiteer
← FULTON GARDENS CORPORATION

Form 990 for tax year 2025

Filed by FULTON GARDENS CORPORATION.

Totals

Total revenue
$336,105
Total expenses
$521,967
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$335,036
Investment income
$1,069
Other revenue
$0
Total assets, end of year
$4,124,500
Total liabilities, end of year
$103,279
Net assets or fund balances, end of year
$4,021,221
Program services expenses (Part IX)
$481,524
Management and general expenses
$40,443
Fundraising expenses
$0
Program service expenses (Part III)
$481,524

Program services were 92.3% 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 RENT

    total $229,235 · related or exempt $229,235

  • 2b · Program service revenue: HUD RENT ASSISTANCE

    total $156,497 · related or exempt $156,497

  • 2c · Program service revenue: LAUNDRY, DAMAGES AND O

    total $509 · related or exempt $509

  • 2d · Program service revenue: VACANCIES

    total -$51,205 · related or exempt -$51,205

  • 3 · Investment income

    total $1,069 · excluded $1,069

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $52,628 · program services $52,628

  • 9 · Other employee benefits

    total $14,076 · program services $14,076

  • 10 · Payroll taxes

    total $5,344 · program services $5,344

  • 11a · Fees: management

    total $23,579 · management and general $23,579

  • 11c · Fees: accounting

    total $16,864 · management and general $16,864

  • 13 · Office expenses

    total $5,550 · program services $5,550

  • 14 · Information technology

    total $3,943 · program services $3,943

  • 16 · Occupancy

    total $157,310 · program services $157,310

  • 19 · Conferences, conventions and meetings

    total $145 · program services $145

  • 22 · Depreciation, depletion and amortization

    total $165,594 · program services $165,594

  • 23 · Insurance

    total $56,190 · program services $56,190

  • 24a · Other expenses: UNIFORMS

    total $9,076 · program services $9,076

  • 24b · Other expenses: RENT FREE UNIT

    total $6,156 · program services $6,156

  • 24c · Other expenses: PAYROLL PROCESSING FEES

    total $2,145 · program services $2,145

  • 24d · Other expenses: SOCIAL SERVICES

    total $1,439 · program services $1,439

  • 24e · All other expenses

    total $1,928 · program services $1,928

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,577 · end of year $1,143

  • 4 · Accounts receivable

    beginning of year $21,101 · end of year $4,599

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

    $5,309,075

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

    $1,665,975

  • 10c · Land, buildings and equipment, net

    beginning of year $3,750,002 · end of year $3,643,100

  • 15 · Other assets

    beginning of year $437,974 · end of year $475,658

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,873 · end of year $80,943

  • 19 · Deferred revenue

    beginning of year $1,418 · end of year $2,238

  • 25 · Other liabilities

    beginning of year $24,279 · end of year $20,098

  • 27 · Net assets without donor restrictions

    beginning of year -$586,016 · end of year -$720,879

  • 28 · Net assets with donor restrictions

    beginning of year $4,742,100 · end of year $4,742,100

Mission and programs · 2025

Mission

TO OPERATE AN AFFORDABLE HOUSING PROJECT IN THE NEAR NORTHSIDE COMMUNITY OF HOUSTON, TEXAS WITH ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Activities or mission (Part I)

TO OPERATE AN AFFORDABLE HOUSING PROJECT IN THE NEAR NORTHSIDE COMMUNITY OF HOUSTON, TEXAS WITH ASSISTANCE FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

  • OPERATION OF A 49 UNIT SENIOR AFFORDABLE HOUSING FACILITY FUNDED BY HUD UNDER ITS SECTION 202 PROGRAM.

    Expenses $481,524 · Revenue $335,036

As filed on the 2025 return.

Listed in Part VII

  • Mary Lawler

    PRESIDENT

    Total calculated
    $171,836
    From this org
    $0
    From related orgs
    $156,851
    Other
    $14,985
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,851 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,400 related
    Nontaxable benefits
    $0 + $8,585 related
    Filer's total
    $0 + $171,836 related

  • Donna Espadas

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Elgin Weaver

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Cassandra Silvernail

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Viola Solomon

    TRUSTEE/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Janis Brackett

    TRUSTEE/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 related

  • Ariana Campos

    TRUSTEE/DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.25 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
2025
Filed
27 February 2026
IRS schema version
2025v4.0
Source object
202600589349301805

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