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Nonprofiteer
← PROJECT BEGINNINGS I INC

Form 990 for tax year 2024

Filed by PROJECT BEGINNINGS I INC.

Totals

Total revenue
$125,459
Total expenses
$162,839
Contributions and grants received
$87,075
Grants paid
$0
Program service revenue
$38,366
Investment income
$18
Other revenue
$0
Total assets, end of year
$661,704
Total liabilities, end of year
$805,163
Net assets or fund balances, end of year
-$143,459
Program services expenses (Part IX)
$127,859
Management and general expenses
$34,980
Fundraising expenses
$0
Program service expenses (Part III)
$127,859

Program services were 78.5% 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)

    $86,475

  • 1f · All other contributions, gifts and grants

    $600

  • 2a · Program service revenue: RENTAL INCOME

    total $20,808 · related or exempt $20,808

  • 2b · Program service revenue: SUPPORTIVE HOUSING GRAN

    total $17,558 · related or exempt $17,558

  • 3 · Investment income

    total $18 · related or exempt $18

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $7,436 · management and general $7,436

  • 11b · Fees: legal

    total $1,966 · program services $1,966

  • 11c · Fees: accounting

    total $17,857 · management and general $17,857

  • 11g · Fees: other

    total $35,362 · program services $35,362

  • 13 · Office expenses

    total $8,801 · program services $6,552 · management and general $2,249

  • 16 · Occupancy

    total $6,000 · management and general $6,000

  • 22 · Depreciation, depletion and amortization

    total $25,356 · program services $25,356

  • 23 · Insurance

    total $4,141 · program services $2,703 · management and general $1,438

  • 24a · Other expenses: UTILITIES

    total $13,263 · program services $13,263

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $41,317 · program services $41,317

  • 24c · Other expenses: TAXES AND LICENSES

    total $402 · program services $402

  • 24d · Other expenses: BAD DEBTS

    total $938 · program services $938

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,055 · end of year $1,627

  • 4 · Accounts receivable

    beginning of year $864 · end of year $2,839

  • 9 · Prepaid expenses and deferred charges

    beginning of year $728 · end of year $599

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

    $944,883

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

    $325,840

  • 10c · Land, buildings and equipment, net

    beginning of year $636,271 · end of year $619,043

  • 15 · Other assets

    beginning of year $39,150 · end of year $37,596

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,581 · end of year $23,013

  • 19 · Deferred revenue

    beginning of year $466

  • 23 · Secured mortgages and notes payable

    beginning of year $781,600 · end of year $781,600

  • 25 · Other liabilities

    beginning of year $500 · end of year $550

  • 27 · Net assets without donor restrictions

    beginning of year -$106,079 · end of year -$143,459

Mission and programs · 2024

Mission

TO PROVIDE HOUSING FACILITIES FOR ELDERLY, DISABLED, HANDICAPPED AND MENTALLY ILL PERSONS.

  • TO PROVIDE ELDERLY, DISABLED, HANDICAPPED AND MENTALLY ILL PERSONS HOUSING FACILITIES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULLNESS IN LONGER LIVING.

    Expenses $127,859

As filed on the 2024 return.

Listed in Part VII

  • Natalie Grier

    Vice President

    Total calculated
    $0
    Hours/week
    0.5

  • Mike Bullock

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • BreAnna Pantzer

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Tim Edgar

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Jerry Craig

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

  • Mary Jones

    President

    Total calculated
    $0
    Hours/week
    1

  • Sara Coberly

    Trustee

    Total calculated
    $0
    Hours/week
    0.5

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533179349304878

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