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← MEADOWS OF GUERIN INC

Form 990 for tax year 2022

Filed by MEADOWS OF GUERIN INC.

Totals

Total revenue
$146,010
Total expenses
$262,413
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$145,347
Investment income
$663
Other revenue
$0
Total assets, end of year
$1,789,855
Total liabilities, end of year
$39,060
Net assets or fund balances, end of year
$1,750,795
Program services expenses (Part IX)
$112,175
Management and general expenses
$150,238
Fundraising expenses
$0
Program service expenses (Part III)
$112,175

Program services were 42.7% 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: RENTAL INCOME

    total $140,755 · related or exempt $140,755

  • 2b · Program service revenue: LAUNDRY

    total $4,592 · related or exempt $4,592

  • 3 · Investment income

    total $663 · excluded $663

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $15,148 · management and general $15,148

  • 10 · Payroll taxes

    total $1,104 · program services $1,104

  • 11a · Fees: management

    total $18,888 · management and general $18,888

  • 11c · Fees: accounting

    total $20,450 · management and general $20,450

  • 11g · Fees: other

    total $200 · management and general $200

  • 13 · Office expenses

    total $107 · program services $107

  • 14 · Information technology

    total $3,647 · program services $3,647

  • 16 · Occupancy

    total $38,515 · program services $38,515

  • 17 · Travel

    total $527 · program services $225 · management and general $302

  • 19 · Conferences, conventions and meetings

    total $525 · program services $525

  • 22 · Depreciation, depletion and amortization

    total $62,375 · program services $62,375

  • 23 · Insurance

    total $5,634 · program services $5,634

  • 24a · Other expenses: RESIDUAL RECEIPTS RECAP

    total $95,181 · management and general $95,181

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $112 · program services $43 · management and general $69

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $49,648 · end of year $31,199

  • 4 · Accounts receivable

    beginning of year $18,706 · end of year $15,425

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

    $2,414,775

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

    $872,294

  • 10c · Land, buildings and equipment, net

    beginning of year $1,587,681 · end of year $1,542,481

  • 15 · Other assets

    beginning of year $251,564 · end of year $200,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $31,812 · end of year $30,974

  • 25 · Other liabilities

    beginning of year $8,589 · end of year $8,086

  • 27 · Net assets without donor restrictions

    beginning of year -$631,302 · end of year -$747,705

  • 28 · Net assets with donor restrictions

    beginning of year $2,498,500 · end of year $2,498,500

Mission and programs · 2022

Mission

THE MEADOWS OF GUERIN, INC. IS ORGANIZED TO PROVIDE SENIORS WHO LACK THE ECONOMIC RESOURCES ACCESS TO QUALITY HOUSING IN A STABLE, VIBRANT, NON-DISCRIMINATORY, AND HEALTHY COMMUNITY.

Activities or mission (Part I)

THE MEADOWS OF GUERIN, INC. PROVIDES AFFORDABLE RENTAL HOUSING TO VERY LOW-INCOME SENIORS UNDER THE SECTION 202 OF THE HOUSING ACT OF 1959.

  • PROVIDING RESIDENTIAL FACILITIES AND A SENIOR CENTER FOR INDEPENDENT, VERY LOW-INCOME SENIORS IN NEED OF AFFORDABLE RENTAL HOUSING.

    Expenses $112,175 · Revenue $145,347

As filed on the 2022 return.

Listed in Part VII

  • Joel Henderson

    PRESIDENT / CEO

    Total calculated
    $72,346
    From this org
    $0
    From related orgs
    $72,346
    Other
    $0
    Hours/week
    8 + 32 related

  • Bryan Wickens

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sister Nancy Bodner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Susan Gernert

    FORMER PRESIDENT / CEO

    Total calculated
    $130,698
    From this org
    $0
    From related orgs
    $130,698
    Other
    $0
    Hours/week
    5 + 35 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
9 July 2024
IRS schema version
2022v5.0
Source object
202431919349300513

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