Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $493,356

• 2a · Program service revenue: RENTAL INCOME

  total $230,123 · related or exempt $230,123

• 3 · Investment income

  total $4,335 · excluded $4,335

• 11a · Other revenue: LAUNDRY/VENDING INCOME

  total $5,534 · related or exempt $5,534

• 11b · Other revenue: MISCELLANEOUS

  total $3,421 · related or exempt $3,421

• 11e · Other revenue, total

  $8,955

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $43,817 · management and general $43,817

• 11b · Fees: legal

  total $248 · management and general $248

• 11c · Fees: accounting

  total $28,983 · management and general $28,983

• 11g · Fees: other

  total $202,049 · program services $116,768 · management and general $85,281

• 13 · Office expenses

  total $39,248 · management and general $39,248

• 16 · Occupancy

  total $309,226 · program services $309,226

• 20 · Interest

  total $14,706 · program services $14,706

• 22 · Depreciation, depletion and amortization

  total $296,279 · program services $296,279

• 23 · Insurance

  total $51,823 · program services $51,823

• 24a · Other expenses: RESIDENT SERVICES

  total $7,249 · program services $7,249

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,322 · end of year $52,393

• 4 · Accounts receivable

  beginning of year $1,366 · end of year $653

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,827 · end of year $2,776

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

  $11,369,710

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

  $5,457,696

• 10c · Land, buildings and equipment, net

  beginning of year $6,208,293 · end of year $5,912,014

• 15 · Other assets

  beginning of year $168,320 · end of year $200,279

• 17 · Accounts payable and accrued expenses

  beginning of year $26,528 · end of year $54,247

• 19 · Deferred revenue

  beginning of year $9,639 · end of year $5,598

• 23 · Secured mortgages and notes payable

  beginning of year $3,718,000 · end of year $3,718,000

• 25 · Other liabilities

  beginning of year $265,909 · end of year $281,077

• 27 · Net assets without donor restrictions

  beginning of year -$4,877,248 · end of year -$5,134,107

• 28 · Net assets with donor restrictions

  beginning of year $7,243,300 · end of year $7,243,300

The filer's explanations (Part III)

PART I, LINE 3

ANY COMPENSATION PROVIDED TO OFFICERS WAS PROVIDED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE CALENDAR YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: * COMPENSATION SURVEY OR STUDY * APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE