John Sparks Manor Inc

Organization Overview

John Sparks Manor Inc is located in Union City, GA. The organization was established in 2005. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, John Sparks Manor Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. John Sparks Manor Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, John Sparks Manor Inc generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.6% each year . All expenses for the organization totaled $5.2m during the year ending 06/2022. While expenses have increased by 29.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE AN 84 UNIT RETIREMENT APARTMENT COMPLEX FOR THE ELDERLY AND QUALIFIED LOW INCOME RESIDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF AN 84 UNIT RETIREMENT APARTMENT COMPLEX FOR THE ELDERLY AND OTHER QUALIFIED LOW INCOME RESIDENTS.DURING 2019, THE BOARD OF TRUSTEES APPROVED TO SELL THE FOUR HUD PROPERTIES OF CHRISTIAN CITY, INC., INCLUDING JOHN SPARKS MANOR, INC., TO AN UNRELATED PARTY FOR $19,000,000. THE SALE OF JOHN SPARKS MANOR, INC. CLOSED ON OCTOBER 29, 2021 IN THE AMOUNT OF $7,137,850.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Harbin
Chairman
$0
Ed Richardson
Vice Chair
$0
Terry Head
Treasurer
$0
Lawton Roberts
Secretary
$0
Keith Horton
Ceo/president
$0
Peggi Caldwell
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $27,873
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$27,873
Total Program Service Revenue$281,881
Investment income $228
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $5,363,061
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,675,234

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