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← LUTHERAN NON-PROFIT HOUSING CORP ANN ARBOR-SEQUOIA PLACE

Form 990 for tax year 2022

Filed by LUTHERAN NON-PROFIT HOUSING CORP ANN ARBOR-SEQUOIA PLACE.

Totals

Total revenue
$444,428
Total expenses
$570,827
Contributions and grants received
$3,602
Grants paid
$0
Program service revenue
$439,125
Investment income
$1,701
Other revenue
$0
Total assets, end of year
$2,082,184
Total liabilities, end of year
$4,294,075
Net assets or fund balances, end of year
-$2,211,891
Program services expenses (Part IX)
$396,014
Management and general expenses
$174,813
Fundraising expenses
$0
Program service expenses (Part III)
$396,014

Program services were 69.4% 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)

    $257

  • 1f · All other contributions, gifts and grants

    $3,345

  • 2a · Program service revenue: RENT REVENUE

    total $434,253 · related or exempt $434,253

  • 2b · Program service revenue: LAUNDRY AND VENDING

    total $4,021 · related or exempt $4,021

  • 2c · Program service revenue: FORFEITED SECURITY DEP

    total $851 · related or exempt $851

  • 3 · Investment income

    total $1,701 · excluded $1,701

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $118,952 · program services $37,474 · management and general $81,478

  • 8 · Pension plan contributions

    total $1,133 · program services $1,133

  • 9 · Other employee benefits

    total $2,021 · program services $2,021

  • 10 · Payroll taxes

    total $8,980 · program services $5,029 · management and general $3,951

  • 11a · Fees: management

    total $34,172 · management and general $34,172

  • 11c · Fees: accounting

    total $15,545 · management and general $15,545

  • 12 · Advertising and promotion

    total $123 · management and general $123

  • 13 · Office expenses

    total $24,295 · program services $1,070 · management and general $23,225

  • 16 · Occupancy

    total $184,557 · program services $172,956 · management and general $11,601

  • 17 · Travel

    total $1,144 · management and general $1,144

  • 19 · Conferences, conventions and meetings

    total $1,072 · management and general $1,072

  • 22 · Depreciation, depletion and amortization

    total $160,822 · program services $160,822

  • 23 · Insurance

    total $15,509 · program services $15,509

  • 24a · Other expenses: RECREATION AND CRAFT

    total $1,907 · management and general $1,907

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $595 · management and general $595

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,292 · end of year $53,255

  • 9 · Prepaid expenses and deferred charges

    beginning of year $421 · end of year $0

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

    $4,412,473

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

    $2,657,237

  • 10c · Land, buildings and equipment, net

    beginning of year $1,916,058 · end of year $1,755,236

  • 15 · Other assets

    beginning of year $266,189 · end of year $273,693

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,046 · end of year $32,731

  • 19 · Deferred revenue

    beginning of year $500,244 · end of year $500,008

  • 23 · Secured mortgages and notes payable

    beginning of year $3,753,072 · end of year $3,738,434

  • 25 · Other liabilities

    beginning of year $22,090 · end of year $22,902

  • 27 · Net assets without donor restrictions

    beginning of year -$2,088,336 · end of year -$2,213,131

  • 28 · Net assets with donor restrictions

    beginning of year $2,844 · end of year $1,240

Mission and programs · 2022

Mission

THE ORGANIZATION OPERATES A 55-UNIT APARTMENT COMPLEX, SUBSIDIZED BY HUD, THAT PROVIDES ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.

Activities or mission (Part I)

TO PROVIDE ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SPECIAL SERVICES.

  • PROVIDED ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS THROUGH LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES ARE BASED ON A BREAKEVEN BASIS. THE PROJECT IS A 55-UNIT APARTMENT COMPLEX.

    Expenses $396,014 · Revenue $439,125

As filed on the 2022 return.

Listed in Part VII

  • Patricia Bauer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Keith Phelps

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Ann Baird

    DIRECTOR (ENDED 12/2022)

    Total calculated
    $0
    Hours/week
    0.1

  • Becky Gucwa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Donna Karvonen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Trudie Goff

    DIRECTOR (STARTED 03/2023)

    Total calculated
    $0
    Hours/week
    0.1

  • Mary Sherrill

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • John Carey

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.1

  • Deborah Weber

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Barbara Anderson

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1

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.

Provenance

Return type
form_990
Tax year
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202303219349301250

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