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← PROPYLON NONPROFIT HOUSING CORP

Form 990 for tax year 2024

Filed by PROPYLON NONPROFIT HOUSING CORP.

Totals

Total revenue
$232,338
Total expenses
$199,277
Contributions and grants received
$43,105
Grants paid
$0
Program service revenue
$187,827
Investment income
$1,406
Other revenue
$0
Total assets, end of year
$478,910
Total liabilities, end of year
$166,694
Net assets or fund balances, end of year
$312,216
Program services expenses (Part IX)
$136,206
Management and general expenses
$63,071
Fundraising expenses
$0
Program service expenses (Part III)
$136,206

Program services were 68.4% 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.

  • 1a · Federated campaigns

    $9,571

  • 1e · Government grants (contributions)

    $18,534

  • 1f · All other contributions, gifts and grants

    $15,000

  • 2a · Program service revenue: RENT REVENUE

    total $184,402 · related or exempt $184,402

  • 2b · Program service revenue: OTHER INCOME

    total $3,425 · related or exempt $3,425

  • 3 · Investment income

    total $1,406 · excluded $1,406

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $43,859 · program services $21,722 · management and general $22,137

  • 9 · Other employee benefits

    total $1,092 · program services $889 · management and general $203

  • 10 · Payroll taxes

    total $3,950 · program services $3,950

  • 11a · Fees: management

    total $8,832 · management and general $8,832

  • 11b · Fees: legal

    total $400 · management and general $400

  • 11c · Fees: accounting

    total $4,000 · management and general $4,000

  • 12 · Advertising and promotion

    total $13 · management and general $13

  • 13 · Office expenses

    total $6,363 · management and general $6,363

  • 16 · Occupancy

    total $37,551 · program services $37,551

  • 17 · Travel

    total $46 · management and general $46

  • 20 · Interest

    total $8,902 · program services $8,902

  • 22 · Depreciation, depletion and amortization

    total $31,034 · program services $31,034

  • 23 · Insurance

    total $7,153 · program services $7,153

  • 24a · Other expenses: SERVICE COORDINATOR GRA

    total $18,364 · management and general $18,364

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $15,711 · program services $15,711

  • 24c · Other expenses: RESIDENT EXPENSES

    total $9,294 · program services $9,294

  • 24d · Other expenses: MISCELLANEOUS

    total $2,713 · management and general $2,713

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,547 · end of year $5,859

  • 4 · Accounts receivable

    beginning of year $2,816 · end of year $1,987

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,536 · end of year $2,608

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

    $1,577,609

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

    $1,380,344

  • 10c · Land, buildings and equipment, net

    beginning of year $228,299 · end of year $197,265

  • 15 · Other assets

    beginning of year $239,612 · end of year $271,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,361 · end of year $4,999

  • 23 · Secured mortgages and notes payable

    beginning of year $193,084 · end of year $150,498

  • 25 · Other liabilities

    beginning of year $11,711 · end of year $11,197

  • 27 · Net assets without donor restrictions

    beginning of year $269,654 · end of year $312,216

Mission and programs · 2024

Mission

TO PROVIDE A BARRIER-FREE HOUSING FACILITY TO INDIVIDUALS WITH DISABILITIES AND SENIOR CITIZENS AND SUPPORT THE ABILITY FOR INDEPENDENT LIVING.

Activities or mission (Part I)

TO PROVIDE LOW COST HOUSING TO PHYSICALLY HANDICAPPED ADULTS.

  • TO PROVIDE SUBSIDIZED HOUSING TO PHYSICALLY HANDICAPPED ADULTS. THIS PROJECT HAS 16 UNITS, 17 RESIDENTS.

    Expenses $136,206 · Revenue $187,827

As filed on the 2024 return.

Listed in Part VII

  • Robert Chapman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chrysande Levesque-Hendrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J Michael Coyne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Julie Shaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clarence Grant

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Daniel Klumb

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Robert Sromalski

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Robert Kulisheck

    PRESIDENT

    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
2024
Filed
23 May 2025
IRS schema version
2024v5.1
Source object
202501699349300215

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