Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL REVENUE

  total $415,865 · related or exempt $415,865

• 2b · Program service revenue: MISCELLANEOUS REVENUE

  total $6,971 · related or exempt $6,971

• 3 · Investment income

  total $919 · excluded $919

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $73,926 · program services $73,926

• 9 · Other employee benefits

  total $3,704 · program services $3,704

• 10 · Payroll taxes

  total $5,488 · program services $5,488

• 11a · Fees: management

  total $53,524 · management and general $53,524

• 11b · Fees: legal

  total $25 · program services $25

• 11c · Fees: accounting

  total $20,400 · management and general $20,400

• 12 · Advertising and promotion

  total $4,474 · program services $4,474

• 13 · Office expenses

  total $1,774 · program services $1,774

• 14 · Information technology

  total $9,296 · management and general $9,296

• 16 · Occupancy

  total $49,956 · program services $49,956

• 17 · Travel

  total $5,220 · management and general $5,220

• 22 · Depreciation, depletion and amortization

  total $77,751 · program services $77,751

• 23 · Insurance

  total $12,417 · program services $12,417

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $100,930 · program services $100,930

• 24b · Other expenses: SERVICE COORDINATOR

  total $40,031 · program services $40,031

• 24c · Other expenses: MISCELLANEOUS ADMINISTR

  total $16,673 · management and general $16,673

• 24d · Other expenses: BAD DEBT EXPENSE

  total $3,306 · program services $3,306

• 24e · All other expenses

  total $409 · program services $409

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $65,919 · end of year $35,123

• 4 · Accounts receivable

  beginning of year $11,496

• 9 · Prepaid expenses and deferred charges

  end of year $965

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

  $2,856,455

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

  $1,854,508

• 10c · Land, buildings and equipment, net

  beginning of year $1,033,922 · end of year $1,001,947

• 15 · Other assets

  beginning of year $579,759 · end of year $539,456

• 17 · Accounts payable and accrued expenses

  beginning of year $68,583 · end of year $18,376

• 19 · Deferred revenue

  beginning of year $340 · end of year $1,077

• 25 · Other liabilities

  beginning of year $89,160 · end of year $80,574

• 27 · Net assets without donor restrictions

  beginning of year -$1,166,587 · end of year -$1,222,136

• 28 · Net assets with donor restrictions

  beginning of year $2,699,600 · end of year $2,699,600

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. IMPACT SEVEN, INC. USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE ORGANIZATION'S PRESIDENT/CEO: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -WRITTEN EMPLOYMENT CONTRACT, AND -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

PART I, LINE 4B

BRETT GERBER PARTICIPATED IN A SECTION 457(F) BENEFIT PLAN. NO AMOUNTS WERE PAID UNDER THE PLAN DURING THE YEAR.

PART II:

THE ORGANIZATION'S PRESIDENT/CEO IS NOT COMPENSATED BY THE ORGANIZATION BUT IS COMPENSATED BY ITS CONTROLLING ORGANIZATION, IMPACT SEVEN, INC. THE ORGANIZATION HAS ITS OWN PROPERTY BUT NOT ITS OWN EMPLOYEES. IMPACT SEVEN, INC. CHARGES THE ORGANIZATION FOR ITS USE OF ITS EMPLOYEES SO THAT MANAGEMENT AND BOOKKEEPING FUNCTIONS CAN BE CARRIED OUT.