Totals
- Total revenue
- $306,847
- Total expenses
- $302,570
- Contributions and grants received
- $248,626
- Grants paid
- $0
- Program service revenue
- $56,453
- Investment income
- $35
- Other revenue
- $1,733
- Total assets, end of year
- $473,140
- Total liabilities, end of year
- $908,016
- Net assets or fund balances, end of year
- -$434,876
- Program services expenses (Part IX)
- $278,733
- Management and general expenses
- $23,837
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $278,733
Program services were 92.1% 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)
$248,626
-
2a · Program service revenue: Rent Revenue
total $56,453 · related or exempt $56,453
-
3 · Investment income
total $35 · related or exempt $35
-
11a · Other revenue: Laundry and Vending Revenue
total $208 · related or exempt $208
-
11b · Other revenue: Tenant Charges
total $903 · related or exempt $903
-
11d · All other revenue
total $622 · related or exempt $622
-
11e · Other revenue, total
$1,733
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $58,539 · program services $58,539
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $8,151 · program services $8,151
-
10 · Payroll taxes
total $4,701 · program services $4,701
-
11a · Fees: management
total $12,937 · management and general $12,937
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $10,900 · management and general $10,900
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $26,212 · program services $26,212
-
12 · Advertising and promotion
total $939 · program services $939
-
13 · Office expenses
total $14,896 · program services $14,896
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $99,996 · program services $99,996
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $1,637 · program services $1,637
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $44,262 · program services $44,262
-
23 · Insurance
total $0
-
24a · Other expenses: Resident Activities
total $1,750 · program services $1,750
-
24b · Other expenses: Repairs
total $8,592 · program services $8,592
-
24c · Other expenses: Other Renting Expense
total $1,438 · program services $1,438
-
24d · Other expenses: PCNA Assessment
total $5,250 · program services $5,250
-
24e · All other expenses
total $2,370 · program services $2,370
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,376 · end of year $21,728
-
4 · Accounts receivable
beginning of year $832 · end of year $480
-
9 · Prepaid expenses and deferred charges
beginning of year $7,616 · end of year $9,463
-
10a · Land, buildings and equipment: cost or other basis
$1,211,734
-
10b · Land, buildings and equipment: accumulated depreciation
$814,631
-
10c · Land, buildings and equipment, net
beginning of year $439,506 · end of year $397,103
-
15 · Other assets
beginning of year $49,015 · end of year $44,366
-
17 · Accounts payable and accrued expenses
beginning of year $30,685 · end of year $22,510
-
19 · Deferred revenue
beginning of year $210 · end of year $1,084
-
23 · Secured mortgages and notes payable
beginning of year $901,995 · end of year $880,495
-
25 · Other liabilities
beginning of year $4,608 · end of year $3,927
-
27 · Net assets without donor restrictions
beginning of year -$439,153 · end of year -$434,876
Mission and programs · 2022
Mission
To provide low cost housing.
-
To provide low-cost housing.
Expenses $278,733
As filed on the 2022 return.
Listed in Part VII
-
Jon Allman
President
- Total calculated
- $0
- Hours/week
- 1
-
Steve Lefever
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
William Glenn
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Lozito
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chip Fulghum
President eff May 2023
- Total calculated
- $0
- Hours/week
- 1
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349306302
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