Lenox Acres Inc
- Assets
- $235.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Independence, IA
- Founding
- 12/1972
- Data as of
- 12/2023
- EIN
- 23-7222170
Organization Overview
Lenox Acres Inc is located in Independence, IA. The organization was established in 1972. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Lenox Acres 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, Lenox Acres Inc generated $88.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $99.1k during the year ending 12/2023. 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
LOW-INCOME RENTAL HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elmer Feldman Vice Preside | 0.1 | $0 | |
Larry Lamont Secretary | 0.1 | $0 | |
Nathan Freeze President | 0.1 | $0 | |
Mike Feldman Director | 0.1 | $0 | |
Dave Klaren Treasurer | 0.1 | $0 | |
Robert Porter Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $88,412 |
| Membership dues | $0 |
| Investment income | $242 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $88,654 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,800 |
| Professional fees and other payments to independent contractors | $16,267 |
| Occupancy, rent, utilities, and maintenance | $46,377 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,676 |
| Total expenses | $99,120 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $126,495 |
| Other assets | $0 |
| Total assets | $235,029 |
| Total liabilities | $37,051 |
| Net assets or fund balances | $197,978 |