North Newton Retirement Homes Inc
- Assets
- $69.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morocco, IN
- Founding
- 07/1972
- Data as of
- 12/2023
- EIN
- 23-7137878
Organization Overview
North Newton Retirement Homes Inc is located in Morocco, IN. The organization was established in 1972. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Newton Retirement Homes Inc 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 12/2023, North Newton Retirement Homes Inc generated $47.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $44.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 9 years. 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
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE LOW INCOME HOUSING TO SENIOR CITIZENS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Wiltfang President | 1 | $12,000 | |
Mary Wiltfang Secretary/tr | 2 | $4,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,783 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,785 |
| 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 | $220 |
| Occupancy, rent, utilities, and maintenance | $37,349 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,297 |
| Total expenses | $44,866 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,287 |
| Other assets | $0 |
| Total assets | $69,440 |
| Total liabilities | $2,719 |
| Net assets or fund balances | $66,721 |