Totals
- Total revenue
- $2,245,476
- Total expenses
- $2,192,800
- Contributions and grants received
- $1,462,485
- Grants paid
- $0
- Program service revenue
- $772,994
- Investment income
- $9,997
- Other revenue
- $0
- Total assets, end of year
- $9,587,528
- Total liabilities, end of year
- $9,244,024
- Net assets or fund balances, end of year
- $343,504
- Program services expenses (Part IX)
- $2,192,800
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,192,800
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.
-
1e · Government grants (contributions)
$1,462,485
-
2a · Program service revenue: RENTS
total $760,840 · related or exempt $760,840
-
2b · Program service revenue: MISC
total $12,154 · related or exempt $12,154
-
3 · Investment income
total $9,997 · excluded $9,997
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $42,309 · program services $42,309
-
11a · Fees: management
total $83,792 · program services $83,792
-
11c · Fees: accounting
total $9,785 · program services $9,785
-
11g · Fees: other
total $370 · program services $370
-
12 · Advertising and promotion
total $2,250 · program services $2,250
-
13 · Office expenses
total $11,590 · program services $11,590
-
19 · Conferences, conventions and meetings
total $457 · program services $457
-
20 · Interest
total $648,241 · program services $648,241
-
22 · Depreciation, depletion and amortization
total $679,686 · program services $679,686
-
23 · Insurance
total $25,396 · program services $25,396
-
24a · Other expenses: UTILITIES
total $313,650 · program services $313,650
-
24b · Other expenses: OPERATING AND MAINTENAN
total $197,965 · program services $197,965
-
24c · Other expenses: SERVICE CO-ORDINATOR
total $69,797 · program services $69,797
-
24d · Other expenses: MORTGAGE INSURANCE
total $37,963 · program services $37,963
-
24e · All other expenses
total $69,549 · program services $69,549
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $99,218 · end of year $474,913
-
2 · Savings and temporary cash investments
beginning of year $84,884
-
4 · Accounts receivable
beginning of year $47,870 · end of year $149,674
-
9 · Prepaid expenses and deferred charges
beginning of year $74,966 · end of year $49,695
-
10a · Land, buildings and equipment: cost or other basis
$11,752,950
-
10b · Land, buildings and equipment: accumulated depreciation
$4,891,433
-
10c · Land, buildings and equipment, net
beginning of year $6,035,906 · end of year $6,861,517
-
12 · Investments: other securities
beginning of year $42,569 · end of year $338,432
-
15 · Other assets
beginning of year $464,415 · end of year $1,713,297
-
17 · Accounts payable and accrued expenses
beginning of year $72,098 · end of year $114,369
-
19 · Deferred revenue
end of year $15,083
-
23 · Secured mortgages and notes payable
beginning of year $6,445,846 · end of year $9,075,205
-
25 · Other liabilities
beginning of year $41,056 · end of year $39,367
-
27 · Net assets without donor restrictions
beginning of year $290,828 · end of year $343,504
Mission and programs · 2022
Mission
TO PROVIDE ELDERLY, LOW INCOME HOUSING.
Activities or mission (Part I)
LOW-INCOME HOUSING.
-
THE ORGANIZATION PROVIDES HOUSING FOR ELDERLY LOW-INCOME INDIVIDUALS AND FAMILIES. THE ORGANIZATION PROVIDES 175 DWELLING UNITS.
Expenses $2,192,800 · Revenue $772,994
As filed on the 2022 return.
Listed in Part VII
-
Karen SchomburgKAREN SCHOMBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Russell WerkmanRUSSELL WERKMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rev Heather VandeventerREV HEATHER VANDEVENTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Douglas SpruanceDOUGLAS SPRUANCE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Karen ByrneKAREN BYRNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Bruce MillerBRUCE MILLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
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
- 2022
- Filed
- 8 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202422289349302707
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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