Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL INCOME

  total $228,716 · related or exempt $228,716

• 3 · Investment income

  total $3 · excluded $3

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $13,515 · program services $13,515

• 11a · Fees: management

  total $3,440 · management and general $3,440

• 11c · Fees: accounting

  total $4,540 · management and general $4,540

• 16 · Occupancy

  total $23,682 · program services $23,682

• 20 · Interest

  total $22,888 · program services $22,888

• 22 · Depreciation, depletion and amortization

  total $22,191 · program services $22,191

• 23 · Insurance

  total $22,757 · program services $22,757

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $39,934 · program services $39,934

• 24b · Other expenses: OFFICE EXPENSES

  total $11,880 · program services $11,880

• 24c · Other expenses: BAD DEBTS

  total $976 · program services $976

• 24d · Other expenses: MISCELLANEOUS ADMINISTR

  total $634 · management and general $634

• 24e · All other expenses

  total $446 · program services $446

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $102,607 · end of year $11,167

• 4 · Accounts receivable

  beginning of year $10,043 · end of year $2,153

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,684 · end of year $10,291

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

  $1,016,158

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

  $697,472

• 10c · Land, buildings and equipment, net

  beginning of year $329,122 · end of year $318,686

• 15 · Other assets

  beginning of year $29,480 · end of year $37,111

• 17 · Accounts payable and accrued expenses

  beginning of year $317,659 · end of year $181,300

• 19 · Deferred revenue

  end of year $308

• 23 · Secured mortgages and notes payable

  beginning of year $288,027 · end of year $262,714

• 25 · Other liabilities

  beginning of year $38,842 · end of year $38,842

• 27 · Net assets without donor restrictions

  beginning of year -$165,592 · end of year -$103,756

The filer's explanations (Part III)

PART I, LINE 4B

LINDA GLUCK - $16,816 457(F) DISTRIBUTION, $18,884 457(F) CONTRIBUTION BETTY RODRIGUEZ - $5,152 457(F) CONTRIBUTION TAMIKA LEWIS - $13,640 457(F) CONTRIBUTION