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Nonprofiteer
← PORT VUE APARTMENTS INC

Form 990 for tax year 2022

Filed by PORT VUE APARTMENTS INC.

Totals

Total revenue
$239,619
Total expenses
$288,701
Contributions and grants received
$167,859
Grants paid
$0
Program service revenue
$69,176
Investment income
$1,266
Other revenue
$1,318
Total assets, end of year
$253,919
Total liabilities, end of year
$991,645
Net assets or fund balances, end of year
-$737,726
Program services expenses (Part IX)
$252,624
Management and general expenses
$36,077
Fundraising expenses
$0
Program service expenses (Part III)
$252,624

Program services were 87.5% 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)

    $167,859

  • 2a · Program service revenue: RENT

    total $69,176 · related or exempt $69,176

  • 3 · Investment income

    total $1,266 · excluded $1,266

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $1,293 · excluded $1,293

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $25 · excluded $25

  • 11e · Other revenue, total

    $1,318

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $11,915 · program services $4,927 · management and general $6,988

  • 11c · Fees: accounting

    total $10,367 · management and general $10,367

  • 11g · Fees: other

    total $76,508 · program services $76,508

  • 12 · Advertising and promotion

    total $320 · management and general $320

  • 13 · Office expenses

    total $9,932 · management and general $9,932

  • 16 · Occupancy

    total $71,673 · program services $71,673

  • 20 · Interest

    total $43,163 · program services $43,163

  • 22 · Depreciation, depletion and amortization

    total $30,622 · program services $30,622

  • 23 · Insurance

    total $25,522 · program services $25,522

  • 24a · Other expenses: BAD DEBT

    total $8,470 · management and general $8,470

  • 24b · Other expenses: MISCELLANEOUS FINANCIAL

    total $209 · program services $209

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $76,477 · end of year $56,182

  • 3 · Pledges and grants receivable

    beginning of year $4,673 · end of year $5,589

  • 4 · Accounts receivable

    beginning of year $4,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,812 · end of year $14,139

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

    $1,238,352

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

    $1,060,343

  • 10c · Land, buildings and equipment, net

    beginning of year $200,937 · end of year $178,009

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,765 · end of year $54,909

  • 19 · Deferred revenue

    beginning of year $759 · end of year $1,509

  • 23 · Secured mortgages and notes payable

    beginning of year $943,239 · end of year $927,785

  • 25 · Other liabilities

    beginning of year $5,295 · end of year $7,442

  • 27 · Net assets without donor restrictions

    beginning of year -$688,644 · end of year -$737,726

Mission and programs · 2022

Mission

TO PROVIDE HOUSING FOR ELDERLY AND/OR HANDICAPPED LOW AND MODERATE INCOME FAMILIES.

  • TO PROVIDE HOUSING FOR ELDERLY AND/OR HANDICAPPED LOW AND MODERATE INCOME FAMILIES. THERE ARE NINETEEN UNITS WITHIN THE PORT VUE APARTMENTS COMPLEX.

    Expenses $252,624 · Revenue $69,176

As filed on the 2022 return.

Listed in Part VII

  • Jack Exler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Larry Swanson

    V. PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Pam Miljus

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Tamara Howard

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ron Ciotti

    DIRECTOR

    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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • AHI-202 MON VALLEY INC

    PA

    Directly controlled by AHI DEVELOPMENT INC

  • AHI DEVELOPMENT INC

    501(C)(3) · HOUSING DEVELOPMENT, REHABILITATION & SUPPORTIVE HOUSING MANAGEMENT SERVICES · PA

    Directly controlled by ACTION-HOUSING INC

Provenance

Return type
form_990
Tax year
2022
Filed
11 March 2024
IRS schema version
2022v5.0
Source object
202410719349301351

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