Savannah Gardens Senior Residences Inc

Organization Overview

Savannah Gardens Senior Residences Inc is located in Denver, CO. The organization was established in 2012. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Savannah Gardens Senior Residences Inc 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 12/2021, Savannah Gardens Senior Residences Inc generated $309.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $431.3k during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WAS FORMED TO OWN AND OPERATE AN APARTMENT PROJECT KNOWN AS SAVANNAH GARDENS SENIOR RESIDENCES. THE PROJECT IS IN SAVANNAH, GEORGIA AND PROVIDES HOUSING AND SERVICES TO LOW-INCOME, ELDERLY, AND DISABLED PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SAVANNAH GARDENS SENIOR RESIDENCES, INC., A GEORGIA NON-PROFIT CORPORATION, WAS FORMED ON AUGUST 13, 2010 FOR THE PURPOSE OF DEVELOPING, OWNING, CONSTRUCTING, AND OPERATING A 40-UNITAPARTMENT COMPLEX OPERATING UNDER THE NAME OF SAVANNAH GARDENS SENIOR RESIDENCES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT IS LOCATED IN SAVANNAH, GEORGIA.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $169,757
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$169,757
Total Program Service Revenue$139,176
Investment income $18
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 $308,951

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