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Nonprofiteer
← TOWN HOUSE INC

Form 990 for tax year 2024

Filed by TOWN HOUSE INC.

Totals

Total revenue
$53,527
Total expenses
$73,780
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$53,522
Investment income
$5
Other revenue
$0
Total assets, end of year
$549,019
Total liabilities, end of year
$704,495
Net assets or fund balances, end of year
-$155,476
Program services expenses (Part IX)
$71,031
Management and general expenses
$2,749
Fundraising expenses
$0
Program service expenses (Part III)
$71,031

Program services were 96.3% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $53,522 · related or exempt $53,522

  • 3 · Investment income

    total $5 · excluded $5

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $33,708 · program services $33,708

  • 11c · Fees: accounting

    total $2,749 · management and general $2,749

  • 11g · Fees: other

    total $330 · program services $330

  • 13 · Office expenses

    total $2,802 · program services $2,802

  • 16 · Occupancy

    total $12,321 · program services $12,321

  • 22 · Depreciation, depletion and amortization

    total $11,327 · program services $11,327

  • 23 · Insurance

    total $5,895 · program services $5,895

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $4,648 · program services $4,648

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,253 · end of year $15,143

  • 2 · Savings and temporary cash investments

    beginning of year $98,540 · end of year $103,501

  • 4 · Accounts receivable

    beginning of year $352 · end of year $383

  • 9 · Prepaid expenses and deferred charges

    beginning of year $199 · end of year $349

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

    $757,031

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

    $327,388

  • 10c · Land, buildings and equipment, net

    beginning of year $440,970 · end of year $429,643

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,608 · end of year -$583

  • 19 · Deferred revenue

    beginning of year $735 · end of year $762

  • 23 · Secured mortgages and notes payable

    beginning of year $646,700 · end of year $646,700

  • 25 · Other liabilities

    beginning of year $31,494 · end of year $57,616

  • 27 · Net assets without donor restrictions

    beginning of year -$135,223 · end of year -$155,476

Mission and programs · 2024

Mission

PROVIDE AFFORDABLE RENTAL HOUSING FOR PERSONS WITH SERIOUS MENTAL ILLNESSES.

Activities or mission (Part I)

OWN AND OPERATE AN AFFORDABLE GROUP HOME FOR ADULTS WITH SERIOUS MENTAL ILLNESSES.

  • OWNED AND OPERATED AN AFFORDABLE RENTAL PROJECT FOR ADULTS WITH SERIOUS MENTAL ILLNESSES. SERVED 10 CLIENTS.

    Expenses $71,031 · Revenue $53,522

As filed on the 2024 return.

Listed in Part VII

  • Bradley Kuo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Angela Gannon

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • William Awong

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Leonard Licina

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Cindy McMillan

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • John A H Tomoso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 6 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
19 August 2026
IRS schema version
2024v5.5
Source object
202612339349301561

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