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Nonprofiteer
← CARLSBAD SENIOR COMMUNITY CORPORATION

Form 990 for tax year 2022

Filed by CARLSBAD SENIOR COMMUNITY CORPORATION.

Totals

Total revenue
$160,134
Total expenses
$233,032
Contributions and grants received
$61,868
Grants paid
$0
Program service revenue
$97,720
Investment income
$509
Other revenue
$37
Total assets, end of year
$1,614,268
Total liabilities, end of year
$2,024,173
Net assets or fund balances, end of year
-$409,905
Program services expenses (Part IX)
$206,965
Management and general expenses
$26,067
Fundraising expenses
$0
Program service expenses (Part III)
$206,965

Program services were 88.8% 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)

    $61,868

  • 2a · Program service revenue: RESIDENTIAL APARTMENTS

    total $97,720 · related or exempt $97,720

  • 3 · Investment income

    total $509 · excluded $509

  • 11a · Other revenue: LAUNDRY & VENDING INCOME

    total $37 · related or exempt $37

  • 11e · Other revenue, total

    $37

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $24,244 · program services $24,244

  • 9 · Other employee benefits

    total $9,367 · program services $9,367

  • 10 · Payroll taxes

    total $3,353 · program services $3,353

  • 11a · Fees: management

    total $14,547 · management and general $14,547

  • 11c · Fees: accounting

    total $13,536 · program services $2,016 · management and general $11,520

  • 12 · Advertising and promotion

    total $1,034 · program services $1,034

  • 13 · Office expenses

    total $4,916 · program services $4,916

  • 14 · Information technology

    total $2,050 · program services $2,050

  • 16 · Occupancy

    total $50,205 · program services $50,205

  • 17 · Travel

    total $594 · program services $594

  • 19 · Conferences, conventions and meetings

    total $3,675 · program services $3,675

  • 20 · Interest

    total $1,696 · program services $1,696

  • 22 · Depreciation, depletion and amortization

    total $54,438 · program services $54,438

  • 24a · Other expenses: MANAGER'S RENT FREE UNIT

    total $11,124 · program services $11,124

  • 24b · Other expenses: CONTRACT MAINTENANCE & RE

    total $7,774 · program services $7,774

  • 24c · Other expenses: GROUNDS - CONTRACT

    total $5,695 · program services $5,695

  • 24d · Other expenses: FLOORING - ONE BEDROOM

    total $4,582 · program services $4,582

  • 24e · All other expenses

    total $20,202 · program services $20,202

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,186 · end of year $2,609

  • 2 · Savings and temporary cash investments

    beginning of year $82,240 · end of year $111,224

  • 4 · Accounts receivable

    beginning of year $355 · end of year $128

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,000

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

    $2,227,363

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

    $764,165

  • 10c · Land, buildings and equipment, net

    beginning of year $1,514,127 · end of year $1,463,198

  • 15 · Other assets

    beginning of year $80,495 · end of year $37,109

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,391 · end of year $10,872

  • 19 · Deferred revenue

    beginning of year $999 · end of year $3,035

  • 23 · Secured mortgages and notes payable

    beginning of year $2,003,800 · end of year $2,003,800

  • 25 · Other liabilities

    beginning of year $5,799 · end of year $6,466

  • 27 · Net assets without donor restrictions

    beginning of year -$334,586 · end of year -$409,905

Mission and programs · 2022

Mission

PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS SPECIFICALLY DESIGNED TO MEET THEIR NEEDS.

  • PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS SPECIALLY DESIGNED TO MEET THEIR NEEDS.

    Expenses $206,767 · Revenue $97,720

  • PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS SPECIFICALLY DESIGNED TO MEET THEIR NEEDS.

    Expenses $198

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sandy Chancey

    PRESIDENT

    Total calculated
    $0

  • Scot Fishburn

    VICE PRESIDE

    Total calculated
    $0

  • Gary Watkins

    SECRETARY/TR

    Total calculated
    $0

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
10 May 2024
IRS schema version
2022v5.0
Source object
202431359349305278

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