Liberty Towers Incorporated Of Clarion
- Assets
- $787.2k
- Revenue
- $636.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Dubois, PA
- Founding
- 12/1983
- Data as of
- 06/2023
- EIN
- 25-1440258
Organization Overview
Liberty Towers Incorporated Of Clarion is located in Dubois, PA. The organization was established in 1983. 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. Liberty Towers Incorporated Of Clarion 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 06/2023, Liberty Towers Incorporated Of Clarion generated $636.3k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 36.1% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION PROVIDES SUBSIDIZED HOUSING TO LOW-INCOME ELDERLY RESIDENTS IN THIS RURAL AREA IN CONJUNCTION WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE PROPERTY CONSISTS OF 49 APARTMENT UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUBSIDIZED HOUSING TO LOW-INCOME ELDERLY RESIDENTS IN THIS RURAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita J Lahr President | Officer | 0.5 | $0 |
Father B Lamounte Sayers Vice-President | Officer | 0.5 | $0 |
Chris Rhoads Secretary/treasurer | Officer | 0.5 | $0 |
Heather Billotte Director | Trustee | 0.5 | $0 |
Harry Hoff Director | Trustee | 0.5 | $0 |
Kim Kroh Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $408,895 |
| 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 | $408,895 |
| Total Program Service Revenue | $218,617 |
| Investment income | $163 |
| 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 | $636,268 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $47,863 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,823 |
| Advertising and promotion | $829 |
| Office expenses | $11,406 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $204,693 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,562 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,304 |
| Insurance | $40,408 |
| All other expenses | $1,574 |
| Total functional expenses | $606,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,779 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $669 |
| 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 | $254,139 |
| Net Land, buildings, and equipment | $499,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,059 |
| Total assets | $787,243 |
| Accounts payable and accrued expenses | $19,614 |
| 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 | $1,450,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,981 |
| Total liabilities | $1,486,689 |
| Net assets without donor restrictions | -$699,446 |
| 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 | $787,243 |