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Nonprofiteer
← ST MARYS EPISCOPAL RETIREMENT HOMES INC

Form 990 for tax year 2023

Filed by ST MARYS EPISCOPAL RETIREMENT HOMES INC.

Totals

Total revenue
$2,169,968
Total expenses
$1,917,553
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$2,169,400
Investment income
$568
Other revenue
$0
Total assets, end of year
$4,325,163
Total liabilities, end of year
$3,825,432
Net assets or fund balances, end of year
$499,731
Program services expenses (Part IX)
$1,730,172
Management and general expenses
$187,381
Fundraising expenses
$0
Program service expenses (Part III)
$1,730,172

Program services were 90.2% 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 OF HSG TO ELDERLY

    total $2,169,400 · related or exempt $2,169,400

  • 3 · Investment income

    total $568 · related or exempt $568

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $380,655 · program services $380,655

  • 9 · Other employee benefits

    total $127,031 · program services $127,031

  • 10 · Payroll taxes

    total $33,068 · program services $33,068

  • 11a · Fees: management

    total $90,736 · management and general $90,736

  • 11b · Fees: legal

    total $3,983 · management and general $3,983

  • 11c · Fees: accounting

    total $38,664 · management and general $38,664

  • 12 · Advertising and promotion

    total $160 · program services $160

  • 13 · Office expenses

    total $49,391 · program services $49,391

  • 16 · Occupancy

    total $598,219 · program services $598,219

  • 22 · Depreciation, depletion and amortization

    total $114,839 · program services $114,839

  • 23 · Insurance

    total $9,750 · program services $9,750

  • 24a · Other expenses: OPERATING EXPENSE

    total $283,941 · program services $283,941

  • 24b · Other expenses: ADMINISTRATIVE EXPENSE

    total $165,686 · program services $111,688 · management and general $53,998

  • 24c · Other expenses: SERVICE COORDINATOR

    total $21,019 · program services $21,019

  • 24d · Other expenses: MISC TAXES

    total $411 · program services $411

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $75,363 · end of year $130,703

  • 4 · Accounts receivable

    beginning of year $10,565 · end of year $22,723

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,738 · end of year $117,061

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

    $9,098,743

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

    $6,188,671

  • 10c · Land, buildings and equipment, net

    beginning of year $3,008,184 · end of year $2,910,072

  • 15 · Other assets

    beginning of year $943,025 · end of year $1,144,604

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,735 · end of year $145,651

  • 19 · Deferred revenue

    beginning of year $5,585 · end of year $2,286

  • 23 · Secured mortgages and notes payable

    beginning of year $3,750,636 · end of year $3,624,540

  • 25 · Other liabilities

    beginning of year $45,603 · end of year $52,955

  • 27 · Net assets without donor restrictions

    beginning of year $247,316 · end of year $499,731

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED IN A 179 UNIT APARTMENT COMPLEX LOCATED IN BIG SPRING, TEXAS.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED IN A 179 UNIT APARTMENT CCMPLEX LOCATED IN BIG SPRING,TEXAS.

  • TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED INA 179 UNIT APARTMENT COMPLEX IN BIG SPRING, TEXAS.

    Expenses $1,730,172 · Revenue $2,169,400

As filed on the 2023 return.

Listed in Part VII

  • Cynthia Alvarez

    PRESIDENT/CE

    Total calculated
    $0

  • Leslie Taylor

    PRESIDENT

    Total calculated
    $0

  • Darrl Searuggs

    VICE CHAIR

    Total calculated
    $0

  • Charles Buck

    SECRETARY

    Total calculated
    $0

  • Connie Inglish

    TREASURER

    Total calculated
    $0

  • Ari Beliak

    BOARD MEMBER

    Total calculated
    $0

  • Dan Bryant

    BOARD MEMBER

    Total calculated
    $0

  • John Jinseok Cheon

    BOARD MEMBER

    Total calculated
    $0

  • Susan Gonzales Dewey

    BOARD MEMBER

    Total calculated
    $0

  • Cathy Perring

    BOARD MEMBER

    Total calculated
    $0

  • John Regan

    BOARD MEMBER

    Total calculated
    $0

  • Edward Gomez

    BOARD MEMBER

    Total calculated
    $0

  • Kenneth Kirkey

    BOARD MEMBER

    Total calculated
    $0

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
10 December 2024
IRS schema version
2023v5.0
Source object
202403549349300410

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