Klemme Apartments
- Assets
- $45.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Belmond, IA
- Founding
- 12/1970
- Data as of
- 12/2021
- EIN
- 23-7087794
Organization Overview
Klemme Apartments is located in Belmond, IA. The organization was established in 1970. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Klemme Apartments is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Klemme Apartments generated $72.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $87.5k during the year ending 12/2021. While expenses have increased by 4.0% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE HOUSING TO INDIVIDUALS & FAMILIES WITH 16 APARTMENTS AVAILABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruth Gilpin Director | 0 | $0 | |
Dorthy Denny Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $70,148 |
| Membership dues | $0 |
| Investment income | $38 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,152 |
| Total Revenue | $72,338 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $87,454 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $87,454 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,134 |
| Other assets | $0 |
| Total assets | $45,534 |
| Total liabilities | $5,558 |
| Net assets or fund balances | $39,976 |
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