Form 990 for tax year 2023

Filed by WEST END ELDERLY HOUSING CORPORATION.

Totals

Total revenue: $356,594
Total expenses: $433,370
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $353,268
Investment income: $860
Other revenue: $2,466
Total assets, end of year: $1,152,160
Total liabilities, end of year: $2,750,928
Net assets or fund balances, end of year: -$1,598,768
Program services expenses (Part IX): $301,421
Management and general expenses: $131,949
Fundraising expenses: $0
Program service expenses (Part III): $301,421

Program services were 69.6% 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: TENANT ASSISTANCE PAYMENTS

total $229,729 · related or exempt $229,729
2b · Program service revenue: TENANT RENT PAYMENTS

total $123,539 · related or exempt $123,539
3 · Investment income

total $860 · excluded $860
11a · Other revenue: OTHER INCOME

total $2,396 · related or exempt $2,396
11b · Other revenue: LAUNDRY AND VENDING REVENUE

total $70 · related or exempt $70
11e · Other revenue, total

$2,466

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $88,370 · program services $35,211 · management and general $53,159
9 · Other employee benefits

total $16,589 · program services $16,589
10 · Payroll taxes

total $7,619 · program services $7,619
11a · Fees: management

total $22,680 · management and general $22,680
11b · Fees: legal

total $8,749 · management and general $8,749
11c · Fees: accounting

total $6,330 · management and general $6,330
12 · Advertising and promotion

total $32 · management and general $32
13 · Office expenses

total $19,089 · management and general $19,089
16 · Occupancy

total $25,860 · program services $25,860
22 · Depreciation, depletion and amortization

total $81,282 · program services $81,282
23 · Insurance

total $42,111 · program services $42,111
24a · Other expenses: MAINTENANCE CONTRACTS

total $57,323 · program services $57,323
24b · Other expenses: GARBAGE AND TRASH REMOVAL

total $12,837 · program services $12,837
24c · Other expenses: MISCELLANEOUS ADMINISTRAT

total $12,610 · management and general $12,610
24d · Other expenses: ELDERLY CARE EXPENSES

total $11,432 · program services $11,432
24e · All other expenses

total $20,457 · program services $11,157 · management and general $9,300

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $17,108 · end of year $2,916
4 · Accounts receivable

beginning of year $2,572 · end of year $2,045
9 · Prepaid expenses and deferred charges

beginning of year $2,101 · end of year $9,488
10a · Land, buildings and equipment: cost or other basis

$2,986,142
10b · Land, buildings and equipment: accumulated depreciation

$1,977,024
10c · Land, buildings and equipment, net

beginning of year $1,062,170 · end of year $1,009,118
15 · Other assets

beginning of year $110,609 · end of year $128,593
17 · Accounts payable and accrued expenses

beginning of year $37,719 · end of year $72,114
23 · Secured mortgages and notes payable

beginning of year $2,666,900 · end of year $2,666,900
25 · Other liabilities

beginning of year $11,933 · end of year $11,914
27 · Net assets without donor restrictions

beginning of year -$1,521,992 · end of year -$1,598,768

Mission and programs · 2023

Mission

LOW INCOME HOUSING

WEST END ELDERLY HOUSING CORP DBA MERCY SEAT IS A NONPROFIT CORPORATION ESTABLISHED TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING FACILITIES AND SECURITIES. THE CORPORATION HAS CONSTRUCTED HOUSING UTILIZING FUNDS PROVIDED BY A CAPITAL ADVANCE UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED. THE CAPITAL ADVANCE REQUIREMENTS ARE IN COMPLIANCE WITH THE PROVISIONS AND REGULATIONS OF THE ACT.

Expenses $301,421 · Revenue $353,268

As filed on the 2023 return.

Listed in Part VII

Renee BornettRENEE BORNETT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Carole BrownCAROLE BROWN

BOARD MEMBER

Total calculated

$0

Hours/week

1
Lisa CalliottLISA CALLIOTT

BOARD MEMBER

Total calculated

$0

Hours/week

1
Anthony CrateANTHONY CRATE

TREASURER

Total calculated

$0

Hours/week

1
Jason HannekeJASON HANNEKE

BOARD MEMBER

Total calculated

$0

Hours/week

1
Clarence Calvert JrCLARENCE CALVERT JR

BOARD MEMBER

Total calculated

$0

Hours/week

1
Rev Roger D Carson JrREV ROGER D CARSON JR

BOARD MEMBER

Total calculated

$0

Hours/week

1
Carletus LathanCARLETUS LATHAN

PRESIDENT &

Total calculated

$0

Hours/week

1
Aline PhillipsALINE PHILLIPS

V. PRESIDENT

Total calculated

$0

Hours/week

1
Agnes Barnes SpencerAGNES BARNES SPENCER

SECRETARY

Total calculated

$0

Hours/week

1
Lewis WashingtonLEWIS WASHINGTON

BOARD MEMBER

Total calculated

$0

Hours/week

1
Joseph GirardiJOSEPH GIRARDI

CFO

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.

Provenance

Return type: form_990
Tax year: 2023
Filed: 4 September 2024
IRS schema version: 2023v5.0
Source object: 202412569349300306

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