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Nonprofiteer
← NARTHEX INC ST PAUL TERRACE

Form 990 for tax year 2022

Filed by NARTHEX INC ST PAUL TERRACE.

Totals

Total revenue
$2,259,699
Total expenses
$173,109
Contributions and grants received
$101,122
Grants paid
$0
Program service revenue
$51,541
Investment income
$2,103,275
Other revenue
$3,761
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$153,751
Management and general expenses
$19,358
Fundraising expenses
$0
Program service expenses (Part III)
$153,751

Program services were 88.8% 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)

    $101,122

  • 2a · Program service revenue: RENTS-NET

    total $51,541 · related or exempt $51,541

  • 3 · Investment income

    total $141 · excluded $141

  • 7a · Gross sales of assets other than inventory

    other assets $3,068,378

  • 7b · Less cost or other basis and sales expenses

    other assets $965,244

  • 7c · Gain or loss

    other assets $2,103,134

  • 7d · Net gain or loss

    total $2,103,134 · excluded $2,103,134

  • 11a · Other revenue: LAUNDRY AND VENDING

    total $3,761 · related or exempt $3,761

  • 11e · Other revenue, total

    $3,761

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $9,110 · management and general $9,110

  • 12 · Advertising and promotion

    total $664 · program services $664

  • 13 · Office expenses

    total $3,867 · program services $3,867

  • 16 · Occupancy

    total $32,978 · program services $32,978

  • 19 · Conferences, conventions and meetings

    total $119 · management and general $119

  • 20 · Interest

    total $33,479 · program services $33,479

  • 22 · Depreciation, depletion and amortization

    total $19,810 · program services $19,810

  • 23 · Insurance

    total $8,796 · program services $8,796

  • 24a · Other expenses: CONTRACT SERVICES

    total $31,203 · program services $31,203

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $20,510 · program services $20,510

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $12,573 · program services $2,444 · management and general $10,129

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,942 · end of year $0

  • 4 · Accounts receivable

    beginning of year $845 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,546 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $532,747 · end of year $0

  • 15 · Other assets

    beginning of year $609,528 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $157,715 · end of year $0

  • 19 · Deferred revenue

    beginning of year $1,261 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,976,462 · end of year $0

  • 25 · Other liabilities

    beginning of year $24,717 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$977,547 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND HANDICAPPED.

  • THE ORGANIZATION PROVIDES HOUSING TO THE LOW INCOME ELDERLY AND HANDICAPPED, DESIGNED TO PROMOTE THE GENERAL HEALTH AND WELL BEING TO THE TENANTS.

    Expenses $153,751 · Revenue $55,302

As filed on the 2022 return.

Listed in Part VII

  • Rev W Michie Klusmeyer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Linda Comins

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Donald Rebich

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Rev Richard Skaggs

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas Farnsworth

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barbara Hinkle

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Debbie Cooey

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • D K Wright

    MEMBER

    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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202323189349301742

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