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Nonprofiteer
← HALEYS PARK INC

Form 990 for tax year 2023

Filed by HALEYS PARK INC.

Totals

Total revenue
-$17,755
Total expenses
$65,922
Contributions and grants received
$63,335
Grants paid
$0
Program service revenue
$0
Investment income
$11
Other revenue
-$81,101
Total assets, end of year
$1,171,454
Total liabilities, end of year
$164,006
Net assets or fund balances, end of year
$1,007,448
Program services expenses (Part IX)
$5,779
Management and general expenses
$60,143
Fundraising expenses
$0
Program service expenses (Part III)
$5,779

Program services were 8.8% 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)

    $63,335

  • 3 · Investment income

    total $11 · excluded $11

  • 6a · Gross rents

    real property $60,567

  • 6b · Less rental expenses

    real property $141,668

  • 6c · Rental income or loss

    real property -$81,101

  • 6d · Net rental income or loss

    total -$81,101 · related or exempt -$81,101

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,154 · management and general $3,154

  • 11b · Fees: legal

    total $18 · management and general $18

  • 11c · Fees: accounting

    total $22,200 · management and general $22,200

  • 13 · Office expenses

    total $34,771 · management and general $34,771

  • 24a · Other expenses: MISCELLANEOUS

    total $5,779 · program services $5,779

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,267 · end of year $71,949

  • 4 · Accounts receivable

    beginning of year $46,768 · end of year $13,847

  • 9 · Prepaid expenses and deferred charges

    beginning of year $842

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

    $1,709,718

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

    $690,080

  • 10c · Land, buildings and equipment, net

    beginning of year $1,063,976 · end of year $1,019,638

  • 15 · Other assets

    beginning of year $66,020 · end of year $66,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,891 · end of year $160,149

  • 25 · Other liabilities

    beginning of year $3,857 · end of year $3,857

  • 27 · Net assets without donor restrictions

    beginning of year -$477,075 · end of year -$560,752

  • 28 · Net assets with donor restrictions

    beginning of year $1,568,200 · end of year $1,568,200

Mission and programs · 2023

Mission

AFFORDABLE HOUSING FOR INDIVIDUALS WITH MENTAL ILLNESS.

  • HALEY'S PARK IS A 16 UNIT HOUSING COMPLEX WITH 1 OFFICE, 14 ONE BEDROOM APARTMENTS, AND 1 TWO BEDROOM MANAGER'S UNIT. THE COMPLEX WAS RENTABLE DECEMBER 2007 AND THE FIRST TENANT MOVE-IN WAS JANUARY 2008.

    Expenses $5,779

As filed on the 2023 return.

Listed in Part VII

  • KYLE WILSON

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JUSTIN BRANNEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DAVID LANGLE-MARTIN

    SEC/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CARL BIRTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ZACH SANDERS

    DIRECTOR

    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.

  • PARK CENTER

    501(C)(3) · SERVE INDIVIDUALS WITH MENTAL ILLNESS · TN

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202403109349301145

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