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Nonprofiteer
← ROSEWOOD APARTMENTS INC

Form 990 for tax year 2022

Filed by ROSEWOOD APARTMENTS INC.

Totals

Total revenue
$59,453
Total expenses
$77,581
Contributions and grants received
$39,144
Grants paid
$0
Program service revenue
$18,424
Investment income
$540
Other revenue
$1,345
Total assets, end of year
$722,675
Total liabilities, end of year
$1,029,499
Net assets or fund balances, end of year
-$306,824
Program services expenses (Part IX)
$66,105
Management and general expenses
$11,476
Fundraising expenses
$0
Program service expenses (Part III)
$66,105

Program services were 85.2% 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)

    $39,144

  • 2a · Program service revenue: RENT INCOME

    total $18,424 · related or exempt $18,424

  • 3 · Investment income

    total $540 · excluded $540

  • 11a · Other revenue: MISCELLANOUSE INCOME

    total $1,345 · related or exempt $1,345

  • 11e · Other revenue, total

    $1,345

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,826 · management and general $3,826

  • 11g · Fees: other

    total $2,336 · program services $2,336

  • 12 · Advertising and promotion

    total $6 · program services $6

  • 13 · Office expenses

    total $2,217 · program services $2,217

  • 14 · Information technology

    total $160 · program services $160

  • 16 · Occupancy

    total $23,253 · program services $23,253

  • 17 · Travel

    total $98 · program services $98

  • 20 · Interest

    total $3,620 · program services $3,620

  • 22 · Depreciation, depletion and amortization

    total $25,559 · program services $25,559

  • 24a · Other expenses: REIMBURSED AND OTHER EX

    total $8,149 · program services $8,149

  • 24b · Other expenses: REIMBURSED EXPENSES

    total $7,650 · management and general $7,650

  • 24c · Other expenses: NEIGHBORHOOD NETWORK

    total $653 · program services $653

  • 24d · Other expenses: EDUCATIONAL EXPENSE

    total $54 · program services $54

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $901 · end of year $3,541

  • 2 · Savings and temporary cash investments

    beginning of year $61,179 · end of year $57,963

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,612 · end of year $2,786

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

    $1,010,243

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

    $351,858

  • 10c · Land, buildings and equipment, net

    beginning of year $679,714 · end of year $658,385

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,373 · end of year $8,165

  • 19 · Deferred revenue

    beginning of year $3,004 · end of year $598

  • 21 · Escrow or custodial account liability

    beginning of year $1,034 · end of year $1,421

  • 23 · Secured mortgages and notes payable

    beginning of year $1,015,691 · end of year $1,019,315

  • 27 · Net assets without donor restrictions

    beginning of year -$288,696 · end of year -$306,824

Mission and programs · 2022

Mission

TO PROVIDE AND MAINTAIN 6 AFFORDABLE HOMES, IN A GROUP HOME SETTING, FOR ADULTS EXPERIENCING CHRONIC MENTAL ILLNESS.

  • ROSEWOOD APARTMENTS, INC, THROUGH ITS MANAGEMENT AGENT HOUSING AND NEIGHBORHOOD DEVELOPMENT SERVICE (HANDS) PROVIDES ATTRACTIVE AND AFFORDABLE RENTAL HOUSING TO INDIVIDUALS EXPERIENCING CHRONIC MENTAL ILLNESS OR WHO ARE DEVELOPMENTALLY DISABLED IN ERIE, PA.

    Expenses $66,105 · Revenue $19,769

As filed on the 2022 return.

Listed in Part VII

  • Sharon Richardson

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Melissa Grucza

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Cindy K Stone

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sister Marianne Stuckert

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joe Bloomstine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Cindy Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Almitra Clerkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Annette Franklin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michelle Harkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Jaruszewicz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jane Kirk

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Steger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Vantassel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Villa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
2 August 2023
IRS schema version
2022v5.0
Source object
202322339349300912

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