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Nonprofiteer
← SMITH HALL INC

Form 990 for tax year 2022

Filed by SMITH HALL INC.

Totals

Total revenue
$280,420
Total expenses
$344,988
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$279,477
Investment income
$183
Other revenue
$760
Total assets, end of year
$1,171,537
Total liabilities, end of year
$2,941,478
Net assets or fund balances, end of year
-$1,769,941
Program services expenses (Part IX)
$274,913
Management and general expenses
$70,075
Fundraising expenses
$0
Program service expenses (Part III)
$274,913

Program services were 79.7% 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: SMITH HALL LOW INCOME APTS

    total $279,477 · related or exempt $279,477

  • 3 · Investment income

    total $183 · excluded $183

  • 11a · Other revenue: BANK FEES REFUND

    total $760 · related or exempt $760

  • 11e · Other revenue, total

    $760

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $54,477 · management and general $54,477

  • 11b · Fees: legal

    total $256 · management and general $256

  • 11c · Fees: accounting

    total $10,960 · management and general $10,960

  • 13 · Office expenses

    total $4,382 · management and general $4,382

  • 16 · Occupancy

    total $91,399 · program services $91,399

  • 22 · Depreciation, depletion and amortization

    total $105,973 · program services $105,973

  • 24a · Other expenses: CLEANING / MAINTENANCE

    total $77,541 · program services $77,541

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,245 · end of year $1,244

  • 4 · Accounts receivable

    beginning of year $2,560 · end of year $2,228

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,003 · end of year $2,932

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

    $3,251,799

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

    $2,386,530

  • 10c · Land, buildings and equipment, net

    beginning of year $955,001 · end of year $865,269

  • 15 · Other assets

    beginning of year $292,428 · end of year $299,864

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,280 · end of year $7,951

  • 23 · Secured mortgages and notes payable

    beginning of year $2,921,400 · end of year $2,921,400

  • 25 · Other liabilities

    beginning of year $13,930 · end of year $12,127

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,705,373 · end of year -$1,769,941

Mission and programs · 2022

Mission

SMITH HALL IS ORGANIZED TO OPERATE A HUD FUNDED AND SUBSIDIZED 25 UNIT APARTMENT COMPLEX FOR LOW INCOME SENIORS AND MOBILITY IMPAIRED CITIZENS.

Activities or mission (Part I)

TO PROVIDE AND OPERATE A HUD FINANCED SECTION 202 LOW INCOME APARTMENT BUILDING IN JUNEAU, ALASKA.

  • OPERATION OF A HUD SECTION 202 APT BUILDING FOR LOW INCOME SENIORS AND MOBILITY IMPAIRED PERSONS. THE APT HAS 25 RENTAL UNITS.

    Expenses $274,913 · Revenue $279,477

As filed on the 2022 return.

Listed in Part VII

  • Dave Ringle

    BOARD MEMBER

    Total calculated
    $77,200
    From this org
    $0
    From related orgs
    $77,200
    Other
    $0
    Hours/week
    1

  • Magdalena Adamczewska

    BOARD MEMBER

    Total calculated
    $67,678
    From this org
    $0
    From related orgs
    $67,678
    Other
    $0
    Hours/week
    1

  • Kelly Reed

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Rehfeld

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Patricia Hampton

    V. PRES/SECR

    Total calculated
    $0
    Hours/week
    1 + 40 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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303199349326160

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