Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $10

• 2a · Program service revenue: RENTAL REVENUE - RELATED ORGS

  total $1,609,086 · related or exempt $1,609,086

• 2b · Program service revenue: PROGRAM RENTAL REVENUE

  total $780,872 · related or exempt $780,872

• 2c · Program service revenue: EXPENSE RECOVERY - RELATED ORGS

  total $146,928 · related or exempt $146,928

• 3 · Investment income

  total $192,131 · excluded $192,131

• 6a · Gross rents

  real property $50,005

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $50,005

• 6d · Net rental income or loss

  total $50,005 · excluded $50,005

• 7a · Gross sales of assets other than inventory

  securities $3,913,101

• 7b · Less cost or other basis and sales expenses

  securities $3,737,447

• 7c · Gain or loss

  securities $175,654

• 7d · Net gain or loss

  total $175,654 · excluded $175,654

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $104,572 · management and general $104,572

• 11b · Fees: legal

  total $19,986 · management and general $19,986

• 11c · Fees: accounting

  total $27,213 · management and general $27,213

• 11f · Fees: investment management

  total $27,852 · management and general $27,852

• 11g · Fees: other

  total $1,443,883 · program services $1,443,883

• 13 · Office expenses

  total $72,679 · program services $64,864 · management and general $7,815

• 16 · Occupancy

  total $268,042 · program services $268,042

• 20 · Interest

  total $203,020 · program services $203,020

• 22 · Depreciation, depletion and amortization

  total $470,462 · program services $470,462

• 23 · Insurance

  total $80,179 · program services $33,706 · management and general $46,473

• 24a · Other expenses: MAINTENANCE AND REPAIRS

  total $213,573 · program services $213,573

• 24b · Other expenses: LICENSES & REGISTRATION

  total $420 · program services $420

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $421,745 · end of year $314,444

• 4 · Accounts receivable

  beginning of year $1,206 · end of year $1,828

• 9 · Prepaid expenses and deferred charges

  beginning of year $61,487 · end of year $74,504

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

  $22,278,168

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

  $9,319,109

• 10c · Land, buildings and equipment, net

  beginning of year $8,344,464 · end of year $12,959,059

• 11 · Investments: publicly traded securities

  beginning of year $6,403,261 · end of year $5,501,838

• 12 · Investments: other securities

  beginning of year $1,095,234 · end of year $794,490

• 15 · Other assets

  beginning of year $10,745,519 · end of year $11,054,169

• 17 · Accounts payable and accrued expenses

  beginning of year $853,605 · end of year $740,973

• 20 · Tax-exempt bond liabilities

  beginning of year $16,341,885 · end of year $18,826,822

• 25 · Other liabilities

  beginning of year $61,215 · end of year $355,306

• 27 · Net assets without donor restrictions

  beginning of year $9,685,637 · end of year $10,670,057

• 28 · Net assets with donor restrictions

  beginning of year $130,574 · end of year $107,174

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S CEO IS COMPENSATED BY ON LOK, INC., A RELATED ORGANIZATION. ON LOK, INC. UTILIZES THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION OF THE CEO: INDEPENDENT COMPENSATION CONSULTANT; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.