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Nonprofiteer
← CORTLAND AFFORDABLE SENIOR HOUSING INC

Form 990 for tax year 2022

Filed by CORTLAND AFFORDABLE SENIOR HOUSING INC.

Totals

Total revenue
$173,192
Total expenses
$220,147
Contributions and grants received
$76,677
Grants paid
$0
Program service revenue
$92,706
Investment income
$194
Other revenue
$3,615
Total assets, end of year
$1,233,031
Total liabilities, end of year
$35,815
Net assets or fund balances, end of year
$1,197,216
Program services expenses (Part IX)
$197,796
Management and general expenses
$22,351
Fundraising expenses
$0
Program service expenses (Part III)
$197,796

Program services were 89.8% 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)

    $76,677

  • 2a · Program service revenue: RENTAL INCOME

    total $92,706 · related or exempt $92,706

  • 3 · Investment income

    total $194 · excluded $194

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $2,278 · related or exempt $2,278

  • 11b · Other revenue: TENANT CHARGES

    total $1,337 · related or exempt $1,337

  • 11e · Other revenue, total

    $3,615

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $15,822 · management and general $15,822

  • 12 · Advertising and promotion

    total $120 · program services $120

  • 13 · Office expenses

    total $5,457 · program services $5,457

  • 16 · Occupancy

    total $57,993 · program services $57,993

  • 22 · Depreciation, depletion and amortization

    total $49,746 · program services $49,746

  • 23 · Insurance

    total $11,372 · program services $11,372

  • 24a · Other expenses: CONTRACT SERVICES

    total $63,298 · program services $63,298

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $9,521 · program services $9,521

  • 24c · Other expenses: MISC EXPENSE

    total $6,818 · program services $289 · management and general $6,529

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,132 · end of year $3,463

  • 4 · Accounts receivable

    beginning of year $577 · end of year $577

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,531 · end of year $3,394

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

    $2,073,007

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

    $975,957

  • 10c · Land, buildings and equipment, net

    beginning of year $1,121,918 · end of year $1,097,050

  • 15 · Other assets

    beginning of year $150,135 · end of year $128,547

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,341 · end of year $28,124

  • 25 · Other liabilities

    beginning of year $7,781 · end of year $7,691

  • 27 · Net assets without donor restrictions

    beginning of year -$689,729 · end of year -$736,684

  • 28 · Net assets with donor restrictions

    beginning of year $1,933,900 · end of year $1,933,900

Mission and programs · 2022

Mission

TO PROVED HOUSING TO QUALIFIED ELDERLY & HANDICAPPED PERSONS.

Activities or mission (Part I)

TO PROVIDE HOUSING TO QUALIFIED ELDERLY & HANDICAPPED PERSONS

  • PROVIDED ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES WITH SUBSIDIES FROM THE DEPARTMENT OF HOUSING & URBAN DEVELOPMENT BASED ON TENANT NEEDS. THE HOUSING FACILITIES ARE SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF EXCLUSIVELY ON A NONPROFIT BASIS.

    Expenses $197,796 · Revenue $96,321

As filed on the 2022 return.

Listed in Part VII

  • Lynn D Dalton

    PRESIDENT

    Total calculated
    $106,000
    From this org
    $0
    From related orgs
    $106,000
    Other
    $0
    Hours/week
    1 + 40 related

  • Ellen H Hardymon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas F Havens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John C Havens

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John Ruth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Charles Peck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carole Wiley

    BOARD MEMBER

    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
31 October 2023
IRS schema version
2022v5.0
Source object
202303059349301400

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