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Nonprofiteer
← RISING SUN AND OHIO COUNTY SENIOR CITIZENS HOUSING INC

Form 990 for tax year 2023

Filed by RISING SUN AND OHIO COUNTY SENIOR CITIZENS HOUSING INC.

Totals

Total revenue
$551,863
Total expenses
$522,589
Contributions and grants received
$14,915
Grants paid
$0
Program service revenue
$518,247
Investment income
$17,892
Other revenue
$809
Total assets, end of year
$2,906,633
Total liabilities, end of year
$311,211
Net assets or fund balances, end of year
$2,595,422
Program services expenses (Part IX)
$518,562
Management and general expenses
$4,027
Fundraising expenses
$0
Program service expenses (Part III)
$518,562

Program services were 99.2% 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.

  • 1e · Government grants (contributions)

    $14,915

  • 2a · Program service revenue: RENTAL INCOME

    total $477,459 · related or exempt $477,459

  • 2b · Program service revenue: USDA RENTAL ASSISTANCE

    total $21,265 · related or exempt $21,265

  • 2c · Program service revenue: ENDOWMENT INCOME/LOSS

    total $9,513 · related or exempt $9,513

  • 2d · Program service revenue: LAUNDRY INCOME

    total $8,410 · related or exempt $8,410

  • 2e · Program service revenue: DONATIONS

    total $1,000 · related or exempt $1,000

  • 2f · All other program service revenue

    total $600 · related or exempt $600

  • 3 · Investment income

    total $17,892 · related or exempt $17,892

  • 11a · Other revenue: MISC. INCOME

    total $809 · related or exempt $809

  • 11e · Other revenue, total

    $809

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $30,960 · program services $30,960

  • 7 · Other salaries and wages

    total $31,321 · program services $31,321

  • 8 · Pension plan contributions

    total $8,260 · program services $8,260

  • 9 · Other employee benefits

    total $834 · program services $694 · management and general $140

  • 10 · Payroll taxes

    total $4,740 · program services $4,565 · management and general $175

  • 11c · Fees: accounting

    total $17,750 · program services $17,750

  • 11g · Fees: other

    total $6,448 · program services $6,448

  • 12 · Advertising and promotion

    total $135 · program services $135

  • 13 · Office expenses

    total $38,234 · program services $38,234

  • 20 · Interest

    total $2,346 · program services $2,346

  • 22 · Depreciation, depletion and amortization

    total $132,512 · program services $132,512

  • 23 · Insurance

    total $35,543 · program services $35,543

  • 24a · Other expenses: UTILITIES

    total $110,136 · program services $106,424 · management and general $3,712

  • 24b · Other expenses: REPAIR & MAINTENANCE

    total $50,837 · program services $50,837

  • 24c · Other expenses: RENTAL INCOME OVERAGE

    total $48,924 · program services $48,924

  • 24d · Other expenses: MISCELLANEOUS

    total $3,304 · program services $3,304

  • 24e · All other expenses

    total $305 · program services $305

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $111,662 · end of year $168,937

  • 2 · Savings and temporary cash investments

    beginning of year $618,183 · end of year $617,014

  • 4 · Accounts receivable

    beginning of year $44,863 · end of year $0

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

    $6,968,057

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

    $4,921,197

  • 10c · Land, buildings and equipment, net

    beginning of year $2,205,783 · end of year $2,046,860

  • 15 · Other assets

    beginning of year $62,810 · end of year $73,822

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,036 · end of year $3,676

  • 23 · Secured mortgages and notes payable

    beginning of year $319,924 · end of year $277,509

  • 25 · Other liabilities

    beginning of year $27,752 · end of year $30,026

  • 27 · Net assets without donor restrictions

    beginning of year $2,684,589 · end of year $2,595,422

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO DEVELOP, OWN, OPERATE AND MANAGE AFFORDABLE HOUSING, PARTICULARLY HOUSING TARGETED TO SENIOR CITIZENS WITHIN OHIO COUNTY, INDIANA.

Activities or mission (Part I)

PROVIDE AFFORDABLE HOUSING TO SENIOR CITIZENS ON LIMITED INCOME IN INDIANA.

  • APARTMENT UNITS FOR LOW INCOME ELDERLY IN RURAL INDIANA.RENT 63 APARTMENT UNITS AT REDUCED AND SUBSIDIZED RENT TOLOW INCOME INDIANA SENIOR RESIDENTS.RENT 16 PATIO HOMES TO INDIANA SENIOR CITIZENS ANDRENT 3 RENTAL HOUSES TO INDIANA FAMILIES.

    Expenses $518,562 · Revenue $551,863

As filed on the 2023 return.

Listed in Part VII

  • Tim Adams

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Katherine Ruch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Connie Brown

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Eldon Fancher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paula K Gentrup

    SITE MGR&SEC

    Total calculated
    $15,480
    From this org
    $15,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

  • Tamara Jo Johns

    VP & DEV. MNGR

    Total calculated
    $15,480
    From this org
    $15,480
    From related orgs
    $0
    Other
    $0
    Hours/week
    24

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
29 April 2024
IRS schema version
2023v5.0
Source object
202421299349302407

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