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Nonprofiteer
← BLANCHESTER FRIENDS HOUSING INC

Form 990 for tax year 2022

Filed by BLANCHESTER FRIENDS HOUSING INC.

Totals

Total revenue
$188,699
Total expenses
$441,768
Contributions and grants received
$69,972
Grants paid
$0
Program service revenue
$48,455
Investment income
$220
Other revenue
$70,052
Total assets, end of year
$718,348
Total liabilities, end of year
$1,242,212
Net assets or fund balances, end of year
-$523,864
Program services expenses (Part IX)
$419,483
Management and general expenses
$22,285
Fundraising expenses
$0
Program service expenses (Part III)
$419,483

Program services were 95.0% 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)

    $69,972

  • 2a · Program service revenue: RENTAL INCOME

    total $48,455 · related or exempt $48,455

  • 3 · Investment income

    total $220 · excluded $220

  • 11a · Other revenue: SERVICE COORDINATOR

    total $66,896 · related or exempt $66,896

  • 11b · Other revenue: TENANT CHARGES

    total $2,445 · related or exempt $2,445

  • 11c · Other revenue: MISCELLANEOUS REVENUE

    total $711 · related or exempt $711

  • 11e · Other revenue, total

    $70,052

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,564 · management and general $8,564

  • 13 · Office expenses

    total $12,556 · program services $12,556

  • 16 · Occupancy

    total $89,236 · program services $89,236

  • 20 · Interest

    total $22,521 · program services $22,521

  • 22 · Depreciation, depletion and amortization

    total $123,817 · program services $123,817

  • 23 · Insurance

    total $25,773 · program services $25,773

  • 24a · Other expenses: ELDERLY CARE

    total $66,896 · program services $66,896

  • 24b · Other expenses: CONTRACT SERVICES

    total $63,449 · program services $63,449

  • 24c · Other expenses: MISCELLANEOUS

    total $28,573 · program services $14,852 · management and general $13,721

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $383 · program services $383

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $52,761 · end of year $18,190

  • 4 · Accounts receivable

    beginning of year $63,849 · end of year $37,457

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,089 · end of year $15,144

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

    $2,223,967

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

    $2,009,522

  • 10c · Land, buildings and equipment, net

    beginning of year $338,261 · end of year $214,445

  • 15 · Other assets

    beginning of year $413,130 · end of year $433,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,001 · end of year $23,571

  • 19 · Deferred revenue

    beginning of year $1,718 · end of year $253

  • 23 · Secured mortgages and notes payable

    beginning of year $701,245 · end of year $659,206

  • 25 · Other liabilities

    beginning of year $417,921 · end of year $559,182

  • 27 · Net assets without donor restrictions

    beginning of year -$270,795 · end of year -$523,864

Mission and programs · 2022

Mission

IMPROVES THE LIVES OF OLDER ADULTS THROUGH INNOVATIVE QUALITY SENIOR LIVING COMMUNITIES AND THROUGH COMMUNITY SERVICES TO OLDER ADULTS.

Activities or mission (Part I)

TO PROVIDE LOW-INCOME HOUSING FOR LOW-INCOME RESIDENTS OF WARREN AND CLINTON COUNTIES.

  • BLANCHESTER FRIENDS HOUSING, INC., WAS ORGANIZED TO CONSTRUCT, OWN, AND OPERATE A 50 UNIT APARTMENT COMMUNITY IN BLANCHESTER, OHIO, KNOWN AS FRIENDSHIP ACRES EAST. DURING AUGUST 2006, A 64 UNIT APARTMENT COMMUNITY KNOWN AS FRIENDSHIP ACRES MERGED INTO THE CORPORATION. DURING JANUARY 2021, FRIENDSHIP ACRES WAS SOLD TO AN AFFILIATED ENTITY. THE ACCOUNTING POLICIES OF THE CORPORATION ARE AS REQUIRED BY THE FEDERAL HOUSING COMMISSIONER PURSUANT TO THE REGULATORY AGREEMENT FOR INSURED MULTI-FAMILY HOUSING PROJECTS UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND THE APPLICABLE INSTRUCTIONS ISSUED BY THE FEDERAL HOUSING ADMINISTRATION ("FHA").

    Expenses $419,483 · Revenue $118,507

As filed on the 2022 return.

Listed in Part VII

  • Jennilou Grotevant

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Jimmy Wilson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Rebecca Strafford

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Diane Schneiderman

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Miller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Janet Achor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Dan Steward

    CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    0.5

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
19 February 2024
IRS schema version
2022v5.0
Source object
202440539349300749

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