Nowlin Hall Inc
- Assets
- $2.8m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Kansas City, MO
- Founding
- 09/1980
- Data as of
- 12/2023
- EIN
- 23-7110959
Organization Overview
Nowlin Hall Inc is located in Kansas City, MO. The organization was established in 1980. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Nowlin Hall Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nowlin Hall 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 12/2023, Nowlin Hall Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 2.6% per year over the past 9 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
APARTMENTS FOR LOW-INCOME ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
APARTMENT RENTAL & SERVICES FOR LOW-INCOME ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Halterman President | OfficerTrustee | 2 | $0 |
Paul Livingston Vice President (resigned 2023) | OfficerTrustee | 2 | $0 |
Burke Maxted Treasurer (thru 10/19/2023) | OfficerTrustee | 2 | $0 |
Loxie Stock Secretary | OfficerTrustee | 2 | $0 |
Chase Higginbotham Board Member | Trustee | 2 | $0 |
Brian O'malley Board Member (thru 09/13/2023) | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $934,017 |
| 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 | $934,017 |
| Total Program Service Revenue | $647,370 |
| Investment income | $13,302 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,602,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $247,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,459 |
| Payroll taxes | $14,725 |
| Fees for services: Management | $142,923 |
| Fees for services: Legal | $3,848 |
| Fees for services: Accounting | $29,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,633 |
| Office expenses | $24,423 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $264,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,429 |
| Interest | $106,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,469 |
| Insurance | $188,993 |
| All other expenses | $28,281 |
| Total functional expenses | $1,610,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $62,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $146,596 |
| Net Land, buildings, and equipment | $1,986,981 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $571,600 |
| Total assets | $2,779,901 |
| Accounts payable and accrued expenses | $174,125 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,003,666 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,577 |
| Total liabilities | $3,273,368 |
| Net assets without donor restrictions | -$493,467 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,779,901 |