Rdoor Housing Corporation
- Assets
- $2.1m
- Revenue
- $587.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 11/2008
- Data as of
- 06/2023
- EIN
- 26-3697620
Organization Overview
Rdoor Housing Corporation is located in Indianapolis, IN. The organization was established in 2008. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Rdoor Housing Corporation 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, Rdoor Housing Corporation generated $587.9k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $630.9k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY AND DISABLED. TENANTS PAY A PORTION OF THE RENT BASED ON ABILITY TO PAY AS DETERMINED BY HUD. RENTS ARE SUBSIDIZED BY HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW INCOME HOUSING TO THE ELDERLY TENANTS. TENANT RENTS WERE APPPROVED AND SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Petrie President/secretary | OfficerTrustee | 0 | $0 |
Bruce R Baird Vice-President/treasurer | OfficerTrustee | 0 | $0 |
Thomas Marendt Director | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $578,582 |
| Investment income | $9,327 |
| 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 | $587,909 |
| 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 | $111,065 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,901 |
| Payroll taxes | $8,524 |
| Fees for services: Management | $29,358 |
| Fees for services: Legal | $1,402 |
| Fees for services: Accounting | $23,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,904 |
| 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 | $80,517 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $71,261 |
| Insurance | $28,264 |
| All other expenses | $29,837 |
| Total functional expenses | $630,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,765 |
| Savings and temporary cash investments | $13,229 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,414 |
| 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 | $16,557 |
| Net Land, buildings, and equipment | $1,169,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $60,659 |
| Other assets | $808,176 |
| Total assets | $2,086,380 |
| Accounts payable and accrued expenses | $154,508 |
| Grants payable | $0 |
| Deferred revenue | $1,237 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,781,524 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $13,453 |
| Total liabilities | $1,950,722 |
| Net assets without donor restrictions | $135,658 |
| 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 | $2,086,380 |