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Nonprofiteer
← WINWOOD APARTMENTS INC

Form 990 for tax year 2022

Filed by WINWOOD APARTMENTS INC.

Totals

Total revenue
$470,640
Total expenses
$463,924
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$465,575
Investment income
$545
Other revenue
$4,520
Total assets, end of year
$786,297
Total liabilities, end of year
$1,349,288
Net assets or fund balances, end of year
-$562,991
Program services expenses (Part IX)
$403,724
Management and general expenses
$60,200
Fundraising expenses
$0
Program service expenses (Part III)
$403,724

Program services were 87.0% 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: RENTAL INCOME

    total $465,575 · related or exempt $465,575

  • 3 · Investment income

    total $545 · excluded $545

  • 11a · Other revenue: OTHER INCOME

    total $4,520 · excluded $4,520

  • 11e · Other revenue, total

    $4,520

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $83,258 · program services $83,258

  • 9 · Other employee benefits

    total $7,081 · program services $7,081

  • 10 · Payroll taxes

    total $6,118 · program services $6,118

  • 11b · Fees: legal

    total $132 · management and general $132

  • 11c · Fees: accounting

    total $24,721 · management and general $24,721

  • 12 · Advertising and promotion

    total $204 · program services $204

  • 13 · Office expenses

    total $42,948 · program services $42,948

  • 16 · Occupancy

    total $130,962 · program services $130,962

  • 22 · Depreciation, depletion and amortization

    total $65,157 · program services $65,157

  • 23 · Insurance

    total $56,188 · program services $56,188

  • 24a · Other expenses: PURCHASED SERVICES

    total $38,964 · program services $11,808 · management and general $27,156

  • 24b · Other expenses: VACANCY LOSSES

    total $4,111 · management and general $4,111

  • 24c · Other expenses: GENERAL ADMIN

    total $4,080 · management and general $4,080

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,607 · end of year $8,038

  • 2 · Savings and temporary cash investments

    beginning of year $228,151 · end of year $202,930

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,652

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

    $2,374,373

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

    $1,802,696

  • 10c · Land, buildings and equipment, net

    beginning of year $626,678 · end of year $571,677

  • 15 · Other assets

    beginning of year $0 · end of year $3,652

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,503 · end of year $46,919

  • 21 · Escrow or custodial account liability

    end of year $8,089

  • 23 · Secured mortgages and notes payable

    beginning of year $1,027,785 · end of year $945,742

  • 25 · Other liabilities

    beginning of year $363,507 · end of year $348,538

  • 27 · Net assets without donor restrictions

    beginning of year -$569,707 · end of year -$562,991

Mission and programs · 2022

Mission

WINWOOD APARTMENTS IS A 31-UNIT HUD SUBSIDIZED BUILDING THAT OPENED IN 1990 AND IS LOCATED ADJACENT TO WESLEY PLACE. RESIDENTS MUST QUALIFY AS VERY LOW INCOME IN ACCORDANCE WITH HUD GUIDELINES.

Activities or mission (Part I)

AS A NONPROFIT, ACCREDITED, AND FAITH-BASED ORGANIZATION, WE SUPPORT, IMPROVE AND ENHANCE THE QUALITY OF LIFE FOR OLDER ADULTS BY EMPOWERING THEM TO LIVE WITH DIGNITY AND RESPECT.

  • HOME FOR THE AGED AND POOR - PROVIDES SUBSIDIZED HOUSING AND SERVICES TO INDEPENDENT OLDER ADULTS WITH VERY LOW INCOMES - 31 UNITS

    Expenses $403,724 · Revenue $465,575

As filed on the 2022 return.

Listed in Part VII

  • William A Lowe

    PRESIDENT & CEO

    Total calculated
    $206,015
    From this org
    $0
    From related orgs
    $199,777
    Other
    $6,238
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,521 related
    Bonus
    $0 + $11,644 related
    Other
    $0 + $34,612 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,238 related
    Filer's total
    $0 + $206,015 related

  • Kathleen C West

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Michael J Dudley

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Joan Dubnicka

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
THE EXECUTIVE COMPENSATION PROGRAM INCLUDES A BONUS COMPONENT. FOR SOME CORPORATE OR INDIVIDUAL GOALS, ONE OF THE CRITERIA USED MAY BE RELATED TO GROSS REVENUES OF THE SYSTEM OR A SPECIFIC PROGRAM IN THE ORGANIZATION, OR A RELATED ORGANIZATION.
PART I, LINE 6
THE EXECUTIVE COMPENSATION PROGRAM INCLUDES A BONUS COMPONENT. FOR SOME CORPORATE OR INDIVIDUAL GOALS, ONE OF THE CRITERIA USED MAY BE RELATED TO GROSS REVENUES OF THE SYSTEM OR A SPECIFIC PROGRAM IN THE ORGANIZATION, OR A RELATED ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • UNITED NURSING SERVICES INC

    C · NURSE / THERAPIST RECRUITMENT · IL

    Directly controlled by UMH&S

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349332208

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