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Nonprofiteer
← PROSPECT HOUSING DEKALB

Form 990 for tax year 2022

Filed by PROSPECT HOUSING DEKALB.

Totals

Total revenue
$31,609
Total expenses
$44,814
Contributions and grants received
$14,654
Grants paid
$0
Program service revenue
$16,849
Investment income
$106
Other revenue
$0
Total assets, end of year
$501,549
Total liabilities, end of year
$5,957
Net assets or fund balances, end of year
$495,592
Program services expenses (Part IX)
$44,814
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$44,814

Program services were 100.0% 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)

    $14,654

  • 2a · Program service revenue: RENT

    total $16,849 · related or exempt $16,849

  • 3 · Investment income

    total $106 · related or exempt $106

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,674 · program services $2,674

  • 9 · Other employee benefits

    total $728 · program services $728

  • 11a · Fees: management

    total $2,739 · program services $2,739

  • 11c · Fees: accounting

    total $1,860 · program services $1,860

  • 16 · Occupancy

    total $12,618 · program services $12,618

  • 17 · Travel

    total $5,201 · program services $5,201

  • 22 · Depreciation, depletion and amortization

    total $15,275 · program services $15,275

  • 23 · Insurance

    total $2,103 · program services $2,103

  • 24a · Other expenses: RENT

    total $902 · program services $902

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $358 · program services $358

  • 24c · Other expenses: MISCELLANEOUS

    total $316 · program services $316

  • 24d · Other expenses: PROPERTY TAX

    total $40 · program services $40

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,653 · end of year $44,861

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

    $670,313

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

    $213,625

  • 10c · Land, buildings and equipment, net

    beginning of year $470,846 · end of year $456,688

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,702 · end of year $5,957

  • 27 · Net assets without donor restrictions

    beginning of year $43,584 · end of year $47,609

  • 28 · Net assets with donor restrictions

    beginning of year $465,213 · end of year $447,983

Mission and programs · 2022

Mission

TO PROVIDE GROUP HOME LIVING FACILITIES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES.

  • SUPPORTED LIVING HOMESTWO SUPPORTED LIVING HOMES ARE PROVIDED TO PEOPLE WITH DEVELOPMENTAL DISABILITIES IN DEKALB COUNTY, TENNESSEE. THE HOMES ARE DESIGNED TO BE HANDICAPPED ACCESSIBLE AND AFFORDABLE FOR PEOPLE ON FIXED INCOMES. THE FUNDING FOR THESE HOMES WAS PROVIDED THROUGH A GRANT FROM HUD.

    Expenses $44,814 · Revenue $31,609

As filed on the 2022 return.

Listed in Part VII

  • HEATHER BAY

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • MARLESE ALLEN

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0 + 1 related

  • LEON WRIGHT

    SECRETARY

    Total calculated
    $0
    Hours/week
    0 + 1 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
2022
Filed
21 March 2024
IRS schema version
2022v5.0
Source object
202400869349300610

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