Destiny Towers Inc
- Assets
- $3.7m
- Revenue
- $421.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 02/2009
- Data as of
- 12/2022
- EIN
- 26-1483697
Organization Overview
Destiny Towers Inc is located in Kansas City, MO. The organization was established in 2009. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Destiny Towers Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING TO VERY LOW-INCOME ELDERLY PERSONS AND VERY LOW-INCOME PERSONS WITH DISABILITIES, SUBJECT TO REGULATIONS PROVIDED BY THE DEPARTMENT OF HOUSING AND
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING TO VERY LOW-INCOME ELDERLY PERSONS AND VERY LOW-INCOME PERSONS WITH DISABILITIES, SUBJECT TO REGULATIONS PROVIDED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENTAL CHARGES AND OPERATING METHODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wiley Williams President | OfficerTrustee | 1 | $0 |
Cecil Clayton Vice President | OfficerTrustee | 1 | $0 |
Dr Joyce Moore-Stoval Board Member | OfficerTrustee | 1 | $0 |
Ron Hodges Board Member | Trustee | 1 | $0 |
Shanon Clifton Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $273,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $273,527 |
| Total Program Service Revenue | $0 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $115,635 |
| 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 | $421,934 |
| 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 | $97,581 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,657 |
| Payroll taxes | $8,857 |
| Fees for services: Management | $18,610 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,999 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,955 |
| Advertising and promotion | $0 |
| Office expenses | $26,344 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,897 |
| Insurance | $24,209 |
| All other expenses | $41,334 |
| Total functional expenses | $604,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $54,729 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,906 |
| 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 | $800 |
| Net Land, buildings, and equipment | $3,479,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,457 |
| Total assets | $3,698,175 |
| Accounts payable and accrued expenses | $168,620 |
| 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 | $4,918,487 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,087,107 |
| Net assets without donor restrictions | -$1,388,932 |
| 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 | $3,698,175 |