Form 990 for tax year 2023
Filed by FAIRFAX EDUCATION ASSOCIATION RETIREMENT HOUSING CORPORATION.
Totals
- Total revenue
- $5,799,715
- Total expenses
- $4,187,168
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $5,313,522
- Investment income
- $465,592
- Other revenue
- $20,601
- Total assets, end of year
- $29,656,261
- Total liabilities, end of year
- $17,353,571
- Net assets or fund balances, end of year
- $12,302,690
- Program services expenses (Part IX)
- $3,980,578
- Management and general expenses
- $206,590
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,980,578
Program services were 95.1% 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: RENTAL INCOME
total $5,313,522 · related or exempt $5,313,522
-
3 · Investment income
total $465,592 · excluded $465,592
-
11a · Other revenue: LAUNDRY, VENDING & CAB
total $17,139 · related or exempt $17,139
-
11b · Other revenue: TENANT CHARGES
total $3,462 · related or exempt $3,462
-
11e · Other revenue, total
$20,601
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $588,940 · program services $588,940
-
8 · Pension plan contributions
total $7,688 · program services $7,688
-
9 · Other employee benefits
total $84,918 · program services $84,918
-
10 · Payroll taxes
total $48,909 · program services $48,909
-
11a · Fees: management
total $186,221 · management and general $186,221
-
11b · Fees: legal
total $654 · program services $654
-
11c · Fees: accounting
total $20,369 · management and general $20,369
-
11g · Fees: other
total $21,993 · program services $21,993
-
12 · Advertising and promotion
total $3,277 · program services $3,277
-
13 · Office expenses
total $65,868 · program services $65,868
-
16 · Occupancy
total $2,313,449 · program services $2,313,449
-
19 · Conferences, conventions and meetings
total $9,178 · program services $9,178
-
22 · Depreciation, depletion and amortization
total $813,202 · program services $813,202
-
23 · Insurance
total $10,781 · program services $10,781
-
24a · Other expenses: SUPPLIES
total $6,597 · program services $6,597
-
24b · Other expenses: BAD DEBT
total $3,206 · program services $3,206
-
24c · Other expenses: MISCELLANEOUS
total $1,918 · program services $1,918
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,344,512 · end of year $1,686,318
-
4 · Accounts receivable
beginning of year $7,676 · end of year $15,797
-
9 · Prepaid expenses and deferred charges
beginning of year $56,567 · end of year $59,832
-
10a · Land, buildings and equipment: cost or other basis
$29,214,378
-
10b · Land, buildings and equipment: accumulated depreciation
$10,858,128
-
10c · Land, buildings and equipment, net
beginning of year $19,066,314 · end of year $18,356,250
-
15 · Other assets
beginning of year $7,855,184 · end of year $9,538,064
-
17 · Accounts payable and accrued expenses
beginning of year $212,900 · end of year $204,613
-
19 · Deferred revenue
beginning of year $12,505 · end of year $26,337
-
21 · Escrow or custodial account liability
beginning of year $124,184 · end of year $125,299
-
23 · Secured mortgages and notes payable
beginning of year $17,290,521 · end of year $16,997,322
-
27 · Net assets without donor restrictions
beginning of year $10,690,143 · end of year $12,302,690
Mission and programs · 2023
Mission
PROVIDE AFFORDABLE HOUSING FOR RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING.
Activities or mission (Part I)
SEE ATTACHED SCHEDULE O
-
PROVIDE AFFORDABLE HOUSING FOR RETIRED EDUCATORS, ELDERLY PERSONS, AND HANDICAPPED PERSONS IN A 274 UNIT APARTMENT BUILDING UNDER THE HUD PBRA RAD COMPONENT.
Expenses $3,980,578 · Revenue $5,334,123
As filed on the 2023 return.
Listed in Part VII
-
DENNIS J PFENNIG
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
MIMI DASH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
KAREN BEASLEY
SECRETARY-TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
ALLISON BATTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
KATHRYN A DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MARY GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MICHAEL HAIRSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JANE MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
CHERYL PERRY
DIRECTOR UNTIL 06/2023
- Total calculated
- $0
- Hours/week
- 1.5
-
KITTY REIP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
LARRY N ARMENTROUT
DIRECTOR UNTIL 06/2023
- Total calculated
- $0
- Hours/week
- 1.5
-
RICHARD KITCH
BUILDING ENGINEER
- Total calculated
- $116,258
- From this org
- $106,492
- From related orgs
- $0
- Other
- $9,766
- Hours/week
- 40
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403199349302225
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