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Nonprofiteer
← MILLBROOK HOMES INC

Form 990 for tax year 2024

Filed by MILLBROOK HOMES INC.

Totals

Total revenue
$889,158
Total expenses
$865,587
Contributions and grants received
$49,252
Grants paid
$0
Program service revenue
$835,750
Investment income
-$6,305
Other revenue
$10,461
Total assets, end of year
$1,580,611
Total liabilities, end of year
$233,277
Net assets or fund balances, end of year
$1,347,334
Program services expenses (Part IX)
$855,660
Management and general expenses
$9,927
Fundraising expenses
$0
Program service expenses (Part III)
$855,660

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.

  • 1e · Government grants (contributions)

    $49,252

  • 2a · Program service revenue: TENANT RENTAL PAYMENTS

    total $822,150 · related or exempt $822,150

  • 2b · Program service revenue: TENANT CHARGES

    total $12,472 · related or exempt $12,472

  • 2c · Program service revenue: FORMER TENANT COLLECTI

    total $1,128 · related or exempt $1,128

  • 3 · Investment income

    total $56 · excluded $56

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

    other assets $6,361

  • 7c · Gain or loss

    other assets -$6,361

  • 7d · Net gain or loss

    total -$6,361 · excluded -$6,361

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $10,461 · related or exempt $10,461

  • 11e · Other revenue, total

    $10,461

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $92,577 · program services $92,577

  • 11c · Fees: accounting

    total $6,037 · management and general $6,037

  • 12 · Advertising and promotion

    total $500 · program services $500

  • 13 · Office expenses

    total $16,809 · program services $16,809

  • 16 · Occupancy

    total $76,917 · program services $76,917

  • 19 · Conferences, conventions and meetings

    total $580 · program services $580

  • 20 · Interest

    total $1,231 · program services $1,231

  • 22 · Depreciation, depletion and amortization

    total $138,994 · program services $138,994

  • 23 · Insurance

    total $120,254 · program services $120,254

  • 24a · Other expenses: CONTRACTS

    total $132,651 · program services $132,651

  • 24b · Other expenses: SUPPLIES

    total $79,806 · program services $79,806

  • 24c · Other expenses: MANAGER SALARY REIMBURS

    total $62,927 · program services $62,927

  • 24d · Other expenses: PAYROLL REIMBURSEMENT

    total $61,249 · program services $61,249

  • 24e · All other expenses

    total $75,055 · program services $71,165 · management and general $3,890

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $150,979 · end of year $169,877

  • 2 · Savings and temporary cash investments

    beginning of year $540,789 · end of year $597,506

  • 4 · Accounts receivable

    beginning of year $15,571 · end of year $8,495

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,595 · end of year $1,140

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

    $5,170,495

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

    $4,388,843

  • 10c · Land, buildings and equipment, net

    beginning of year $861,972 · end of year $781,652

  • 15 · Other assets

    beginning of year $29,246 · end of year $21,941

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,040 · end of year $28,630

  • 19 · Deferred revenue

    beginning of year $1,949 · end of year $8,750

  • 23 · Secured mortgages and notes payable

    beginning of year $140,123 · end of year $108,266

  • 24 · Unsecured notes and loans payable

    beginning of year $65,703 · end of year $65,703

  • 25 · Other liabilities

    beginning of year $29,574 · end of year $21,928

  • 27 · Net assets without donor restrictions

    beginning of year $1,323,763 · end of year $1,347,334

Mission and programs · 2024

Mission

DEVELOPING AND OPERATING A SECTION 236 APARTMENT COMPLEX FOR LOW INCOME INDIVIDUALS.

Activities or mission (Part I)

OWN AND OPERATE A 144 UNIT APARTMENT COMPLEX FOR LOW INCOME INDIVIDUALS UNDER SECTION 236 OF THE NATIONAL HOUSING ACT OF 1959.

  • OPERATING A 144 UNIT APARTMENT COMPLEX FOR LOW INCOME INDIVIDUALS UNDER SECTION 236 OF THE U.S. HOUSING ACT OF 1959.

    Expenses $855,660 · Revenue $846,211

As filed on the 2024 return.

Listed in Part VII

  • CRAIG PEATROSS

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • MALLORY OLDHAM

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • GARRY MERRITT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • DIANE EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • TAMMY VERNON

    OUTGOING TREASURER

    Total calculated
    $121,695
    From this org
    $0
    From related orgs
    $121,695
    Other
    $0
    Hours/week
    0.2 + 40 related

  • AHAZ ARMSTRONG

    TREASURER

    Total calculated
    $0
    Hours/week
    0.2 + 40 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.

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
2024
Filed
4 December 2025
IRS schema version
2024v5.2
Source object
202543389349300314

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