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.
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 |
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 |