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Nonprofiteer
← THE ASSOCIATIONS SECOND PROPERTY INC

Form 990 for tax year 2022

Filed by THE ASSOCIATIONS SECOND PROPERTY INC.

Totals

Total revenue
$51,738
Total expenses
$86,909
Contributions and grants received
$18,724
Grants paid
$0
Program service revenue
$32,996
Investment income
$18
Other revenue
$0
Total assets, end of year
$604,018
Total liabilities, end of year
$919,705
Net assets or fund balances, end of year
-$315,687
Program services expenses (Part IX)
$77,282
Management and general expenses
$9,627
Fundraising expenses
$0
Program service expenses (Part III)
$77,282

Program services were 88.9% 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)

    $18,724

  • 2a · Program service revenue: TENANT RENTS

    total $32,996 · related or exempt $32,996

  • 3 · Investment income

    total $18 · excluded $18

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $2,577 · management and general $2,577

  • 11c · Fees: accounting

    total $1,875 · management and general $1,875

  • 11g · Fees: other

    total $3,030 · management and general $3,030

  • 16 · Occupancy

    total $37,569 · program services $37,569

  • 22 · Depreciation, depletion and amortization

    total $37,964 · program services $37,964

  • 23 · Insurance

    total $2,113 · program services $1,749 · management and general $364

  • 24a · Other expenses: MISCELLANEOUS

    total $1,781 · management and general $1,781

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,918 · end of year $900

  • 4 · Accounts receivable

    beginning of year $4,482

  • 9 · Prepaid expenses and deferred charges

    beginning of year $157 · end of year $173

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

    $961,852

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

    $398,283

  • 10c · Land, buildings and equipment, net

    beginning of year $594,548 · end of year $563,569

  • 15 · Other assets

    beginning of year $34,577 · end of year $39,376

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,440 · end of year $8,511

  • 23 · Secured mortgages and notes payable

    beginning of year $283,726 · end of year $283,726

  • 25 · Other liabilities

    beginning of year $625,032 · end of year $627,468

  • 27 · Net assets without donor restrictions

    beginning of year -$280,516 · end of year -$315,687

Mission and programs · 2022

Mission

TO PROVIDE HOUSING FACILITIES FOR VERY LOW INCOME ADULTS WITH DISABILITIES AND SUPPORTIVE SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Activities or mission (Part I)

TO PROVIDE HOUSING FOR LOW INCOME ADULTS WITH DISABILITIES.

  • SATELLITE RESIDENTIAL SERVICES TO PROVIDE TWENTY-FOUR HOUR LIVE IN PROGRAMMING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

    Expenses $77,282 · Revenue $32,996

As filed on the 2022 return.

Listed in Part VII

  • John Roberson

    PRESIDENT

    Total calculated
    $128,811
    From this org
    $0
    From related orgs
    $127,756
    Other
    $1,055
    Hours/week
    1 + 39 related

  • Andrew Caires

    TREASURER/CLERK

    Total calculated
    $156,714
    From this org
    $0
    From related orgs
    $132,296
    Other
    $24,418
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,296 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,080 related
    Nontaxable benefits
    $0 + $22,338 related
    Filer's total
    $0 + $156,714 related

  • Denise Cogman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Kelly Pignatare

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Glenn Welch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Jon Lumbra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Mark Germain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Bridget Haley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 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

The filer's explanations (Part III)

PART I, LINE 3:
THE RELATED ORGANIZATION USES WRITTEN EMPLOYMENT CONTRACTS AND BOARD APPROVAL TO ESTABLISH COMPENSATION FOR THE EXECUTIVE DIRECTOR.

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
2022
Filed
28 February 2024
IRS schema version
2022v5.0
Source object
202420609349301122

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