Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $172,019

• 2a · Program service revenue: RENTAL INCOME

  total $92,233 · related or exempt $92,233

• 3 · Investment income

  total $1,824 · excluded $1,824

• 7a · Gross sales of assets other than inventory

  other assets $2,718,791

• 7b · Less cost or other basis and sales expenses

  other assets $924,027

• 7c · Gain or loss

  other assets $1,794,764

• 7d · Net gain or loss

  total $1,794,764 · related or exempt $1,794,764

• 11a · Other revenue: LAUNDRY & VENDING

  total $2,575 · excluded $2,575

• 11e · Other revenue, total

  $2,575

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,161,342 · program services $1,161,342

• 11a · Fees: management

  total $12,669 · management and general $12,669

• 11c · Fees: accounting

  total $10,775 · management and general $10,775

• 12 · Advertising and promotion

  total $833 · management and general $833

• 13 · Office expenses

  total $8,074 · management and general $8,074

• 16 · Occupancy

  total $391,001 · program services $391,001

• 17 · Travel

  total $740 · management and general $740

• 20 · Interest

  total $47,060 · program services $47,060

• 22 · Depreciation, depletion and amortization

  total $86,265 · program services $86,265

• 23 · Insurance

  total $6,751 · program services $6,751

• 24a · Other expenses: MGMT COMPANY EMPLOYEE C

  total $20,112 · program services $8,779 · management and general $11,333

• 24b · Other expenses: SERVICE COORDINATOR EXP

  total $15,298 · program services $15,298

• 24c · Other expenses: WORKMEN'S COMP

  total $347 · management and general $347

• 24d · Other expenses: BAD DEBTS

  total $78 · program services $78

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $74,334 · end of year $0

• 2 · Savings and temporary cash investments

  end of year $0

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $6,321 · end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,379 · end of year $0

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $726,838 · end of year $0

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  beginning of year $370,173 · end of year $0

• 14 · Intangible assets

  beginning of year $60,049 · end of year $0

• 15 · Other assets

  beginning of year $265,839 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $61,503 · end of year $0

• 19 · Deferred revenue

  beginning of year $263 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $1,578,115 · end of year $0

• 25 · Other liabilities

  beginning of year $168,122 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year -$302,070 · end of year $0

• 28 · Net assets with donor restrictions

  end of year $0

The filer's explanations (Part III)

PART I, LINE 4A

JAMES M. FORMAL - SEVERANCE PAY - TOTAL COMPENSATION $290,151.