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Nonprofiteer
← CHANNEL VIEW INC

Form 990 for tax year 2023

Filed by CHANNEL VIEW INC.

Totals

Total revenue
$2,204
Total expenses
$1,774,794
Contributions and grants received
$0
Grants paid
$1,754,255
Program service revenue
$0
Investment income
$17
Other revenue
$2,187
Total assets, end of year
$127,284
Total liabilities, end of year
$1,100,661
Net assets or fund balances, end of year
-$973,377
Program services expenses (Part IX)
$1,754,255
Management and general expenses
$20,539
Fundraising expenses
$0
Program service expenses (Part III)
$1,754,255

Program services were 98.8% 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.

  • 3 · Investment income

    total $17 · excluded $17

  • 6a · Gross rents

    real property $152,632

  • 6b · Less rental expenses

    real property $150,445

  • 6c · Rental income or loss

    real property $2,187

  • 6d · Net rental income or loss

    total $2,187 · related or exempt $2,187

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,754,255 · program services $1,754,255

  • 11a · Fees: management

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

  • 11b · Fees: legal

    total $32 · management and general $32

  • 11c · Fees: accounting

    total $2,515 · management and general $2,515

  • 13 · Office expenses

    total $11,992 · management and general $11,992

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,618 · end of year $28,024

  • 4 · Accounts receivable

    beginning of year $8,964 · end of year $8,637

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,220 · end of year $24,577

  • 10c · Land, buildings and equipment, net

    beginning of year $1,757,183

  • 14 · Intangible assets

    beginning of year $13,254 · end of year $12,665

  • 15 · Other assets

    beginning of year $90,525 · end of year $53,381

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,004 · end of year $27,160

  • 19 · Deferred revenue

    beginning of year $5,073 · end of year $4,886

  • 23 · Secured mortgages and notes payable

    beginning of year $736,343 · end of year $723,819

  • 25 · Other liabilities

    beginning of year $353,131 · end of year $344,796

  • 27 · Net assets without donor restrictions

    beginning of year $799,213 · end of year -$973,377

Mission and programs · 2023

Mission

TO CONSTRUCT, OWN AND OPERATE QUALITY, SAFE LOW INCOME HOUSING FOR LOW INCOME ELIGIBLE HOUSEHOLDS.

  • OPERATED CHANNEL VIEW, A LOW INCOME HOUSING BUILDING WITH 22 UNITS.

    Expenses $1,754,255 · Grants $1,754,255

As filed on the 2023 return.

Listed in Part VII

  • Stephen Sorensen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dave Branding

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Dave Ringle

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mariya Lovishchuk

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Scot Allen

    DIRECTOR

    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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • EWING WAY ASSOCIATES LP

    REAL EST. · AK · income $152,644 · assets $104,901

    Directly controlled by CHANNEL VI

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.

  • ST THERESE CONFEREENCE

    $340,530

    Disposition · LAND/LAND IMPROVEMENTS · Apr 30, 2023 · 3

  • ST THERESE CONFERENCE

    $1,363,526

    Disposition · BUILDING/IMPROVEMENTS · Apr 30, 2023 · 3

  • ST THERESE CONFERENCE

    $50,199

    Disposition · FURNITURE & EQUIPMENT · Apr 30, 2023 · 3

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.0
Source object
202423139349304127

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