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Nonprofiteer
← MCRC REHABILITATION INC

Form 990 for tax year 2022

Filed by MCRC REHABILITATION INC.

Totals

Total revenue
$245,608
Total expenses
$266,591
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$243,460
Investment income
$51
Other revenue
$2,097
Total assets, end of year
$328,885
Total liabilities, end of year
$726,956
Net assets or fund balances, end of year
-$398,071
Program services expenses (Part IX)
$223,219
Management and general expenses
$43,372
Fundraising expenses
$0
Program service expenses (Part III)
$223,219

Program services were 83.7% 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: HOUSING ASSISTANCE PMT

    total $170,623 · related or exempt $170,623

  • 2b · Program service revenue: APARTMENT CARRY CHARGE

    total $72,837 · related or exempt $72,837

  • 3 · Investment income

    total $51 · excluded $51

  • 11a · Other revenue: TENANT CHARGES

    total $1,672 · excluded $1,672

  • 11b · Other revenue: LAUNDRY & VENDING

    total $425 · excluded $425

  • 11e · Other revenue, total

    $2,097

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $45,053 · program services $41,288 · management and general $3,765

  • 11a · Fees: management

    total $19,727 · management and general $19,727

  • 11c · Fees: accounting

    total $14,426 · management and general $14,426

  • 13 · Office expenses

    total $4,532 · management and general $4,532

  • 16 · Occupancy

    total $25,672 · program services $25,672

  • 20 · Interest

    total $39,186 · program services $39,186

  • 22 · Depreciation, depletion and amortization

    total $24,882 · program services $24,882

  • 23 · Insurance

    total $15,302 · program services $15,302

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $72,879 · program services $72,879

  • 24b · Other expenses: MORTGAGE INSURANCE PREM

    total $3,013 · program services $3,013

  • 24c · Other expenses: MISC TAXES/LICENSES/PER

    total $997 · program services $997

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $524 · management and general $524

  • 24e · All other expenses

    total $398 · management and general $398

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,286 · end of year $4,736

  • 4 · Accounts receivable

    beginning of year $1,605 · end of year $2,052

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,136 · end of year $16,814

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

    $1,084,770

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

    $820,086

  • 10c · Land, buildings and equipment, net

    beginning of year $264,006 · end of year $264,684

  • 15 · Other assets

    beginning of year $58,179 · end of year $40,599

  • 17 · Accounts payable and accrued expenses

    beginning of year $96,735 · end of year $112,390

  • 23 · Secured mortgages and notes payable

    beginning of year $625,516 · end of year $609,700

  • 25 · Other liabilities

    beginning of year $5,049 · end of year $4,866

  • 27 · Net assets without donor restrictions

    beginning of year -$377,088 · end of year -$398,071

Mission and programs · 2022

Mission

TO PROVIDE HOUSING TO THE ELDERLY AND DISABLED.

  • OPERATION OF A 12 UNIT APARTMENT AND 8 UNIT GROUP HOME FOR ELDERLY & HANDICAPPED PURSUANT TO EXEMPT PURPOSE.

    Expenses $223,219 · Revenue $243,460

As filed on the 2022 return.

Listed in Part VII

  • David Garner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • William Nelson

    CEO/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Jason Duncan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Chris Butcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Steve Tibbitts

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Staci Danner

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Jennifer Dalton

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 6 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.

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
29 January 2024
IRS schema version
2022v5.0
Source object
202400459349302010

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