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Nonprofiteer
← KNOLLWOOD COMMUNITY HOUSING CORPORATION

Form 990 for tax year 2023

Filed by KNOLLWOOD COMMUNITY HOUSING CORPORATION.

Totals

Total revenue
$531,452
Total expenses
$495,045
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$526,807
Investment income
$1,555
Other revenue
$3,090
Total assets, end of year
$1,494,442
Total liabilities, end of year
$1,640,695
Net assets or fund balances, end of year
-$146,253
Program services expenses (Part IX)
$417,636
Management and general expenses
$77,409
Fundraising expenses
$0
Program service expenses (Part III)
$417,636

Program services were 84.4% 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 REVENUE

    total $526,807 · related or exempt $526,807

  • 3 · Investment income

    total $1,555 · excluded $1,555

  • 11a · Other revenue: DAMAGES/CLEANING FEES

    total $1,235 · excluded $1,235

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $1,000 · excluded $1,000

  • 11c · Other revenue: LAUNDRY

    total $855 · excluded $855

  • 11e · Other revenue, total

    $3,090

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $48,138 · program services $22,014 · management and general $26,124

  • 8 · Pension plan contributions

    total $961 · program services $439 · management and general $522

  • 9 · Other employee benefits

    total $3,567 · program services $1,631 · management and general $1,936

  • 10 · Payroll taxes

    total $3,690 · program services $1,687 · management and general $2,003

  • 11a · Fees: management

    total $31,808 · management and general $31,808

  • 11b · Fees: legal

    total $302 · management and general $302

  • 11c · Fees: accounting

    total $11,900 · management and general $11,900

  • 11g · Fees: other

    total $72,966 · program services $72,458 · management and general $508

  • 13 · Office expenses

    total $46,388 · program services $45,998 · management and general $390

  • 16 · Occupancy

    total $117,871 · program services $117,050 · management and general $821

  • 20 · Interest

    total $50,461 · program services $50,110 · management and general $351

  • 22 · Depreciation, depletion and amortization

    total $102,382 · program services $101,669 · management and general $713

  • 24a · Other expenses: EQUIP/MAINT/REPAIR

    total $3,193 · program services $3,171 · management and general $22

  • 24b · Other expenses: LICENSES & PERMITS

    total $1,331 · program services $1,322 · management and general $9

  • 24c · Other expenses: MISCELLANEOUS

    total $87 · program services $87

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,190 · end of year $81,195

  • 4 · Accounts receivable

    beginning of year $1,098 · end of year $203

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,490 · end of year $5,396

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

    $3,524,635

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

    $2,597,014

  • 10c · Land, buildings and equipment, net

    beginning of year $968,459 · end of year $927,621

  • 15 · Other assets

    beginning of year $453,306 · end of year $480,027

  • 17 · Accounts payable and accrued expenses

    beginning of year $102,259 · end of year $111,462

  • 19 · Deferred revenue

    beginning of year $1,076 · end of year $2,629

  • 21 · Escrow or custodial account liability

    beginning of year $14,065 · end of year $13,814

  • 23 · Secured mortgages and notes payable

    beginning of year $1,535,347 · end of year $1,470,172

  • 25 · Other liabilities

    beginning of year $31,456 · end of year $42,618

  • 27 · Net assets without donor restrictions

    beginning of year -$182,660 · end of year -$146,253

Mission and programs · 2023

Mission

SHOLOM IS A NOT-FOR-PROFIT ORGANIZATION PROVIDING A BROAD CONTINUUM OF RESIDENTIAL, SOCIAL SERVICE, AND HEALTH CARE SERVICES PRIMARILY FOR OLDER ADULTS AND WITHIN A JEWISH ENVIRONMENT.

Activities or mission (Part I)

LOW-INCOME HOUSING.

  • KNOLLWOOD COMMUNITY HOUSING (D/B/A MENORAH WEST APARTMENTS) IS A 45-UNIT HUD FACILITY PROVIDING LOW INCOME HOUSING AND RELATED SERVICES TO SENIOR CITIZENS.

    Expenses $417,636 · Revenue $526,807

As filed on the 2023 return.

Listed in Part VII

  • JOHN MACDONALD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JON GORDON

    VICE PRESIDENT/SECRETARY -THRU 2/24

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID NIRENSTEIN

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PAUL BENENSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DOUG WEISSMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JERRY RUDICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JUSTIN HELD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BARB KLICK

    CEO

    Total calculated
    $419,730
    From this org
    $0
    From related orgs
    $397,536
    Other
    $22,194
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $397,536 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,937 related
    Nontaxable benefits
    $0 + $10,257 related
    Filer's total
    $0 + $419,730 related

  • DAVID BERRYMAN

    CFO

    Total calculated
    $272,471
    From this org
    $0
    From related orgs
    $254,785
    Other
    $17,686
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $254,785 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,993 related
    Nontaxable benefits
    $0 + $9,693 related
    Filer's total
    $0 + $272,471 related

  • ANN THOLE

    COO

    Total calculated
    $257,384
    From this org
    $0
    From related orgs
    $249,490
    Other
    $7,894
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,490 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,472 related
    Nontaxable benefits
    $0 + $422 related
    Filer's total
    $0 + $257,384 related

  • JIM NEWBROUGH

    CEO

    Total calculated
    $0
    Hours/week
    5 + 35 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE CEO'S COMPENSATION IS DETERMINED BY SHOLOM COMMUNITY ALLIANCE. THE FOLLOWING WERE USED BY SHOLOM COMMUNITY ALLIANCE IN DETERMINING THE CEO'S COMPENSATION: 1. EXECUTIVE COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. WRITTEN EMPLOYMENT CONTRACT 4. COMPENSATION SURVEY OR STUDY 5. APPROVAL BY THE BOARD OR EXECUTIVE COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2023
Filed
30 July 2025
IRS schema version
2023v6.0
Source object
202502129349301215

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