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← SUSSEX SENIORS URBAN RENEWAL AFFORDABLE HOUSING NON-PROFIT

Form 990 for tax year 2022

Filed by SUSSEX SENIORS URBAN RENEWAL AFFORDABLE HOUSING NON-PROFIT.

Totals

Total revenue
$98,067
Total expenses
$136,478
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$98,067
Investment income
$0
Other revenue
$0
Total assets, end of year
$461,275
Total liabilities, end of year
$97,085
Net assets or fund balances, end of year
$364,190
Program services expenses (Part IX)
$134,978
Management and general expenses
$1,500
Fundraising expenses
$0
Program service expenses (Part III)
$134,978

Program services were 98.9% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $98,067 · related or exempt $98,067

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,130 · program services $3,130

  • 8 · Pension plan contributions

    total $203 · program services $203

  • 9 · Other employee benefits

    total $6,609 · program services $6,609

  • 10 · Payroll taxes

    total $225 · program services $225

  • 11c · Fees: accounting

    total $425 · management and general $425

  • 16 · Occupancy

    total $43,733 · program services $43,733

  • 22 · Depreciation, depletion and amortization

    total $27,053 · program services $27,053

  • 23 · Insurance

    total $15,306 · program services $15,306

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $30,608 · program services $30,608

  • 24b · Other expenses: INDIRECT COST

    total $7,722 · program services $7,722

  • 24c · Other expenses: STATE AND MUNICIPAL FEE

    total $1,075 · management and general $1,075

  • 24d · Other expenses: SUPPLIES

    total $389 · program services $389

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,029 · end of year $9,028

  • 4 · Accounts receivable

    beginning of year $202,337

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

    $1,013,285

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

    $628,544

  • 10c · Land, buildings and equipment, net

    beginning of year $358,339 · end of year $384,741

  • 15 · Other assets

    beginning of year $67,506 · end of year $67,506

  • 17 · Accounts payable and accrued expenses

    end of year $4,100

  • 25 · Other liabilities

    beginning of year $234,610 · end of year $92,985

  • 27 · Net assets without donor restrictions

    beginning of year $402,601 · end of year $364,190

Mission and programs · 2022

Mission

A 11 UNIT ELDERLY COMPLEX FOR INDIVIDUALS 62 YEARS AND OLDER LOCATED IN SUSSEX COUNTY.

  • A 11 UNIT ELDERLY COMPLEX FOR INDIVIDUALS 62 YEARS AND OLDER LOCATED IN SUSSEX COUNTY.

    Expenses $134,978 · Revenue $98,067

As filed on the 2022 return.

Listed in Part VII

  • Elycia Lerman

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Aileen Arsenault

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Richard Conley

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    5

  • James Buehler

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Mark Valli

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $188,834
    From this org
    $0
    From related orgs
    $165,920
    Other
    $22,914
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,920 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,812 related
    Nontaxable benefits
    $0 + $18,102 related
    Filer's total
    $0 + $188,834 related

  • Edmund Khanoo

    CHIEF FINANCIAL OFFICER

    Total calculated
    $190,426
    From this org
    $0
    From related orgs
    $175,252
    Other
    $15,174
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,252 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,547 related
    Nontaxable benefits
    $0 + $10,627 related
    Filer's total
    $0 + $190,426 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

  • 3 · Approval by the board or compensation committee

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

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
22 March 2023
IRS schema version
2022v5.0
Source object
202330819349300233

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