Maxwell Senior Housing Inc
- Assets
- $228.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 01/1975
- Data as of
- 12/2022
- EIN
- 23-7423532
Organization Overview
Maxwell Senior Housing Inc is located in Algona, IA. The organization was established in 1975. 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. Maxwell Senior Housing 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 12/2022, Maxwell Senior Housing Inc generated $73.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $81.8k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES. RENT IS BASED ON 30% OF THE APPLICANT'S YEARLY INCOME WITH THE REMAINDER SUBSIDIZED BY USDA/RURAL DEVELOPMENT. THIS ORGANIZATION MADE IT POSSIBLE FOR 19 FAMILIES TO FIND SAFE AND AFFORDABLE HOUSING IN MAXWELL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Smith President | 0 | $0 | |
John Johnson Vice President | 0 | $0 | |
Shirley Mcbride Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $71,776 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,618 |
| Total Revenue | $73,394 |
| 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 | $10,816 |
| Occupancy, rent, utilities, and maintenance | $51,487 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,480 |
| Total expenses | $81,783 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,003 |
| Other assets | $0 |
| Total assets | $228,619 |
| Total liabilities | $88,025 |
| Net assets or fund balances | $140,594 |