Totals
- Total revenue
- $178,530
- Total expenses
- $217,749
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $177,724
- Investment income
- $806
- Other revenue
- $0
- Total assets, end of year
- $1,007,864
- Total liabilities, end of year
- $2,017,668
- Net assets or fund balances, end of year
- -$1,009,804
- Program services expenses (Part IX)
- $217,749
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $217,749
Program services were 100.0% 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: HUD RENTAL SUBSIDY
total $99,698 · related or exempt $99,698
-
2b · Program service revenue: TENANT RENTAL INCOME
total $70,402 · related or exempt $70,402
-
2c · Program service revenue: TENANT CHARGES
total $5,809 · related or exempt $5,809
-
2d · Program service revenue: LAUNDRY AND VENDING
total $1,815 · related or exempt $1,815
-
3 · Investment income
total $806 · related or exempt $806
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $39,916 · program services $39,916
-
9 · Other employee benefits
total $16,353 · program services $16,353
-
10 · Payroll taxes
total $3,034 · program services $3,034
-
11a · Fees: management
total $14,525 · program services $14,525
-
11b · Fees: legal
total $60 · program services $60
-
11c · Fees: accounting
total $16,240 · program services $16,240
-
12 · Advertising and promotion
total $36 · program services $36
-
13 · Office expenses
total $5,322 · program services $5,322
-
22 · Depreciation, depletion and amortization
total $55,139 · program services $55,139
-
24a · Other expenses: REPAIRS
total $22,422 · program services $22,422
-
24b · Other expenses: INSURANCE
total $12,415 · program services $12,415
-
24c · Other expenses: MISCELLANEOUS
total $11,457 · program services $11,457
-
24d · Other expenses: UTILITIES
total $9,126 · program services $9,126
-
24e · All other expenses
total $11,704 · program services $11,704
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,079 · end of year $3,339
-
4 · Accounts receivable
beginning of year $11,271 · end of year $16,089
-
9 · Prepaid expenses and deferred charges
beginning of year $66 · end of year $550
-
10a · Land, buildings and equipment: cost or other basis
$2,178,930
-
10b · Land, buildings and equipment: accumulated depreciation
$1,375,339
-
10c · Land, buildings and equipment, net
beginning of year $849,664 · end of year $803,591
-
15 · Other assets
beginning of year $182,927 · end of year $184,295
-
17 · Accounts payable and accrued expenses
beginning of year $17,796 · end of year $15,991
-
25 · Other liabilities
beginning of year $2,001,435 · end of year $2,001,677
-
27 · Net assets without donor restrictions
beginning of year -$968,224 · end of year -$1,009,804
Mission and programs · 2024
Mission
THE CORPORATION IS THE OWNER/SPONSOR OF A 27 UNIT LOW INCOME, ELDERLY AND DISABLED APARTMENT COMPLEX. FUNDING FOR THE PROJECT WAS PROVIDED BY HUD.
-
THE CORPORATION PROVIDES HOUSING TO LOW-INCOME, ELDERLY AND DISABLED INDIVIDUALS. ALL ACTIVITY IS REGULATED BY HUD.
Expenses $217,749 · Revenue $177,724
-
THE CORPORATION PROVIDES HOUSING TO LOW-INCOME, ELDERLY AND DISABLED INDIVIDUALS. ALL ACTIVITY IS REGULATED BY HUD.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Shirley CaldwellSHIRLEY CALDWELL
DIRECTOR
- Total calculated
- $0
-
Veronica HallVERONICA HALL
TREASURER
- Total calculated
- $0
-
Susan KentSUSAN KENT
DIRECTOR
- Total calculated
- $0
-
Anna LeeANNA LEE
DIRECTOR
- Total calculated
- $0
-
Clementine ParkerCLEMENTINE PARKER
DIRECTOR
- Total calculated
- $0
-
Rebecca PhillipsREBECCA PHILLIPS
DIRECTOR
- Total calculated
- $0
-
Dennis RussellDENNIS RUSSELL
DIRECTOR
- Total calculated
- $0
-
Ron RussellRON RUSSELL
PRESIDENT
- Total calculated
- $0
-
Jane SmackJANE SMACK
SECRETARY
- Total calculated
- $0
-
Kathy YoungKATHY YOUNG
VICE PRESIDE
- 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
- 2024
- Filed
- 5 May 2025
- IRS schema version
- 2024v5.0
- Source object
- 202511259349302381
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