Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL INCOME

  total $21,499 · related or exempt $21,499

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $46,240 · management and general $46,240

• 7 · Other salaries and wages

  total $99,809 · program services $99,809

• 10 · Payroll taxes

  total $12,049 · program services $8,234 · management and general $3,815

• 11g · Fees: other

  total $3,462 · program services $3,462

• 13 · Office expenses

  total $2 · program services $2

• 16 · Occupancy

  total $508 · program services $508

• 22 · Depreciation, depletion and amortization

  total $82,969 · program services $82,479 · management and general $490

• 23 · Insurance

  total $17,002 · program services $16,149 · management and general $853

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $40,161 · end of year -$26,804

• 4 · Accounts receivable

  beginning of year $1,356 · end of year $4,674

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

  $3,223,883

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

  $860,189

• 10c · Land, buildings and equipment, net

  beginning of year $2,381,899 · end of year $2,363,694

• 14 · Intangible assets

  beginning of year $490 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $34,829 · end of year $34,931

• 25 · Other liabilities

  beginning of year $1,902,422 · end of year $2,060,520

• 27 · Net assets without donor restrictions

  beginning of year $486,655 · end of year $246,113

The filer's explanations (Part III)

PART I, LINE 3

EXECUTIVE DIRECTOR COMPENSATION IS PAID BY THE RELATED ENTITY NORRIS SQUARE COMMUNITY ALLIANCE AND IS ESTABLISHED WITH APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE.