2024-11-11T11:39:07-05:00 2023-12-31 GARY G BUCHTA CPA 636 2ND STREET Kenyon MN 55946 990EZ 2023-01-01 410967392 KENYON ROSEVIEW APARTMENTS INC KENY 134 EAST SECOND STREET WABASHA MN 55981 CORA LEE MONROE DIRECTOR 6515652638 2024-11-05 false true Gary G Buchta CPA P02151820 5077896148 2024-11-11 X 2023 2024-10-15 13:58:12Z X X X X 69165 X 69156 9 69165 2375 13549 13901 45640 75465 -6300 37947 4941 36588 X 14100 11548 227796 217599 17707 0 259603 229147 221656 192559 37947 36588 X SEE SCHEDULE O TO PROVIDE AFFORDABLE HOUSING TO PERSONS AND FAMILIES IN SOUTHEAST MINNESOTA. 75464 75464 FRANKLIN PETERSON DIRECTOR 1.00 0 0 0 JERRY HOUGLUM DIRECTOR 1.00 0 0 0 CORA LEE MONROE DIRECTOR 1.00 0 0 0 DOUG KLEVOS DIRECTOR 1.00 0 0 0 BRAD ANDERSON DIRECTOR 1.00 0 0 0 JOHN MORTENSON PRESIDENT 1.00 0 0 0 false false false false false false false false false CORA LEE MONROE 134 EAST SECOND STREET WABASHA MN 55981 6515652638 false false false false false false false false false false false NONE NONE true X 58520 70257 73015 69156 270948 58520 70257 73015 69156 270948 270948 9 9 9 9 0 58520 70257 73015 69165 270957 X Description of other expenses Part I line 16 DESCRIPTION AMOUNTDEPRECIATION FROM 4562 10,197MAINTENANCE 14,618REAL ESTATE TAXES 9,548PAYROLL TAXES 346INSURANCE 10,334WORK COMP INSURANCE 74INTEREST EXPENSE 270ADVERTISING 253 Other changes in net assets or fund balances Part I line 20 DESCRIPTION AMOUNTCORRECTION OF FIXED ASSET NET BASIS 4,941 Description of other assets Part II line 24 CATEGORY BEGINNING OF YEAR END OF YEARACCOUNTS RECEIVABLE 17,707 0 Description of total liabilities Part II line 26 CATEGORY BEGINNING OF YEAR END OF YEARCURRENT LIABILITIES 24,451 2,336LONG TERM LIABILITIES 197,205 190,223 Part III response or note to any other line in Part III FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE- KENYON ROSEVIEW APARTMENTS INC OWNS AND OPERTES A 12 UNIT APARTMENT FACILITY IN A RURAL COMMUNITY. RENTAL RATES BELOW $600 PER MONTH, WELL BELOW THE MARKET FOR SIMILAR UNITS. RENTERS ARE GENERALLY LOWER INCOME INDIVIDUALS AND FAMILIES THAT ARE NOT ABLE TO AFFORD FAIR MARKET VALUE RENTAL HOUSING.