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Nonprofiteer
← NEW HORIZONS PROPERTIES II INC

Form 990 for tax year 2023

Filed by NEW HORIZONS PROPERTIES II INC.

Totals

Total revenue
$196,672
Total expenses
$312,998
Contributions and grants received
$115,199
Grants paid
$0
Program service revenue
$81,279
Investment income
$194
Other revenue
$0
Total assets, end of year
$1,343,153
Total liabilities, end of year
$1,420,573
Net assets or fund balances, end of year
-$77,420
Program services expenses (Part IX)
$216,640
Management and general expenses
$96,358
Fundraising expenses
$0
Program service expenses (Part III)
$216,640

Program services were 69.2% 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)

    $115,199

  • 2a · Program service revenue: RESIDENTIAL CARE

    total $81,279 · related or exempt $81,279

  • 3 · Investment income

    total $194 · excluded $194

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $14,112 · management and general $14,112

  • 11b · Fees: legal

    total $111 · program services $111

  • 11c · Fees: accounting

    total $5,090 · management and general $5,090

  • 11g · Fees: other

    total $80,433 · program services $6,044 · management and general $74,389

  • 16 · Occupancy

    total $53,032 · program services $53,032

  • 17 · Travel

    total $942 · management and general $942

  • 22 · Depreciation, depletion and amortization

    total $31,283 · program services $31,283

  • 23 · Insurance

    total $58,684 · program services $58,684

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $40,737 · program services $40,737

  • 24b · Other expenses: BAD DEBTS

    total $23,659 · program services $23,659

  • 24c · Other expenses: ADMINISTRATIVE

    total $4,653 · program services $2,828 · management and general $1,825

  • 24d · Other expenses: TAXES, LICENSES & PERMITS

    total $262 · program services $262

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $376,838 · end of year $403,508

  • 4 · Accounts receivable

    beginning of year $3,769 · end of year $11,591

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

    $1,752,987

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

    $824,933

  • 10c · Land, buildings and equipment, net

    beginning of year $958,768 · end of year $928,054

  • 17 · Accounts payable and accrued expenses

    beginning of year $22,476 · end of year $9,852

  • 23 · Secured mortgages and notes payable

    beginning of year $840,020 · end of year $826,891

  • 25 · Other liabilities

    beginning of year $437,973 · end of year $583,830

  • 27 · Net assets without donor restrictions

    beginning of year $38,906 · end of year -$77,420

Mission and programs · 2023

Mission

PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH PSYCHIATRIC DISABILITIES

  • OPERATION OF APARTMENTS FOR INDIVIDUALS WITH PSYCHIATRIC DISABILITIES WHO NEED HOUSING AND POSSIBLE VOLUNTARY PSYCHIATRIC TREATMENT AT A PROVIDER OF THEIR CHOICE

    Expenses $216,640 · Revenue $81,279

As filed on the 2023 return.

Listed in Part VII

  • DONALD SAVOIE

    DIRECTOR

    Total calculated
    $390,184
    From this org
    $0
    From related orgs
    $355,753
    Other
    $34,431
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $274,380 related
    Bonus
    not reported + $80,000 related
    Other
    not reported + $1,373 related
    Deferred
    not reported + $18,773 related
    Nontaxable benefits
    not reported + $15,658 related
    Filer's total
    not reported + $390,184 related

  • RICHARD ANDERSON

    SECRETARY/TR

    Total calculated
    $181,830
    From this org
    $0
    From related orgs
    $160,864
    Other
    $20,966
    Hours/week
    0.25 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $140,864 related
    Bonus
    not reported + $20,000 related
    Other
    not reported
    Deferred
    not reported + $10,530 related
    Nontaxable benefits
    not reported + $10,436 related
    Filer's total
    not reported + $181,830 related

  • TERESA JENKINSON

    TREAS THRU O

    Total calculated
    $110,589
    From this org
    $0
    From related orgs
    $109,182
    Other
    $1,407
    Hours/week
    0.25 + 40 related

  • PATRICIA ABBITT

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • MARY ALFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • DR MARGARITA M LABARTA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.45

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)

SCHEDULE J, PART III
PART I, LINE 3 - RELATED ORG METHODS USED FOR COMPENSATION EXPLANATION THE ORGANIZATION RELIED ON A RELATED ORGANIZATION THAT USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: 1) COMPENSATION SURVEY OR STUDY 2) APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202531359349311068

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