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← FOUR RIVERS FULLER APARTMENTS INC

Form 990 for tax year 2023

Filed by FOUR RIVERS FULLER APARTMENTS INC.

Totals

Total revenue
$78,471
Total expenses
$108,409
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$78,439
Investment income
$32
Other revenue
$0
Total assets, end of year
$519,950
Total liabilities, end of year
$874,173
Net assets or fund balances, end of year
-$354,223
Program services expenses (Part IX)
$94,494
Management and general expenses
$13,915
Fundraising expenses
$0
Program service expenses (Part III)
$94,494

Program services were 87.2% 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 FEES FROM TENAN

    total $46,275 · related or exempt $46,275

  • 2b · Program service revenue: HUD SUBSIDY

    total $32,164 · related or exempt $32,164

  • 3 · Investment income

    total $32 · excluded $32

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $12,746 · program services $12,746

  • 9 · Other employee benefits

    total $4,689 · program services $4,689

  • 10 · Payroll taxes

    total $975 · program services $975

  • 11a · Fees: management

    total $8,415 · management and general $8,415

  • 11c · Fees: accounting

    total $5,500 · management and general $5,500

  • 13 · Office expenses

    total $258 · program services $258

  • 16 · Occupancy

    total $26,529 · program services $26,529

  • 22 · Depreciation, depletion and amortization

    total $23,897 · program services $23,897

  • 23 · Insurance

    total $24,086 · program services $24,086

  • 24a · Other expenses: BAD DEBT

    total $1,299 · program services $1,299

  • 24b · Other expenses: LICENSE AND TAXES

    total $15 · program services $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,215 · end of year $1,781

  • 4 · Accounts receivable

    beginning of year $814 · end of year $2,849

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,387 · end of year $1,350

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

    $849,918

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

    $438,680

  • 10c · Land, buildings and equipment, net

    beginning of year $429,045 · end of year $411,238

  • 15 · Other assets

    beginning of year $75,841 · end of year $102,732

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,416 · end of year $126,656

  • 23 · Secured mortgages and notes payable

    beginning of year $744,300 · end of year $744,300

  • 25 · Other liabilities

    beginning of year $2,871 · end of year $3,217

  • 27 · Net assets without donor restrictions

    beginning of year -$324,285 · end of year -$354,223

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO OPERATE A 12 UNIT APARTMENT PROJECT FOR THE PHYSICALLY, DEVELOPMENTALLY, AND CHRONICALLY MENTALLY DISABLED LOCATED IN MAYFIELD, KENTUCKY.

Activities or mission (Part I)

TO PROVIDE RESIDENTIAL SERVICES FOR INDIVIDUALS WITH A PHYSICAL, DEVELOPMENTAL, OR MENTAL DISABILITY

  • RESIDENTIAL SERVICES IN AN APARTMENT SETTING FOR INDIVIDUALS WITH A PHYSICAL, DEVELOPMENTAL, OR MENTAL DISABILITY

    Expenses $94,494 · Revenue $78,439

As filed on the 2023 return.

Listed in Part VII

  • TERRY HUDSPETH

    PRESIDENT

    Total calculated
    $236,981
    From this org
    $0
    From related orgs
    $180,468
    Other
    $56,513
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,468 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,387 related
    Nontaxable benefits
    $0 + $36,126 related
    Filer's total
    $0 + $236,981 related

  • SHARON JONES

    SECRETARY/TREASURER

    Total calculated
    $130,822
    From this org
    $0
    From related orgs
    $104,023
    Other
    $26,799
    Hours/week
    1 + 40 related

  • GRETCHEN ROOF

    VICE-PRESIDENT

    Total calculated
    $157,219
    From this org
    $0
    From related orgs
    $128,522
    Other
    $28,697
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $128,522 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,347 related
    Nontaxable benefits
    $0 + $15,350 related
    Filer's total
    $0 + $157,219 related

  • PHYLLIS YOUNGBLOOD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KIRT LANGSTON

    DIRECTOR

    Total calculated
    $150,128
    From this org
    $0
    From related orgs
    $121,104
    Other
    $29,024
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $121,104 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,704 related
    Nontaxable benefits
    $0 + $16,320 related
    Filer's total
    $0 + $150,128 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

None.

Answered no

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202531359349302858

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