Richard K Thompson Housing Inc
- Assets
- $1.8m
- Revenue
- $309.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, NC
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 30-0305941
Organization Overview
Richard K Thompson Housing Inc is located in Washington, NC. The organization was established in 2005. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Richard K Thompson Housing 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, Richard K Thompson Housing Inc generated $309.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $408.1k during the year ending 12/2021. While expenses have increased by 8.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE A 36-UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY TENANTS IN WHITEVILLE, NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Whitaker Vice Chairman | OfficerTrustee | 1 | $0 |
Garrick Witherspoon Chairman | OfficerTrustee | 1 | $0 |
Mildred K Randolph Treasurer | OfficerTrustee | 1 | $0 |
Joyce O'neal Secretary | OfficerTrustee | 1 | $0 |
Watsi Sutton Director | Trustee | 1 | $0 |
Solomon Ore Jr Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,687 |
| 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 | $200,687 |
| Total Program Service Revenue | $108,416 |
| Investment income | $220 |
| 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 | $309,340 |
| 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 | $48,295 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,717 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,159 |
| Office expenses | $10,652 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,801 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,793 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,607 |
| Insurance | $17,552 |
| All other expenses | $62,114 |
| Total functional expenses | $408,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,083 |
| Savings and temporary cash investments | $161,819 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,461 |
| 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 | $2,625 |
| Net Land, buildings, and equipment | $1,657,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,035 |
| Total assets | $1,838,235 |
| Accounts payable and accrued expenses | $21,788 |
| Grants payable | $0 |
| Deferred revenue | $42 |
| 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 | $3,143,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,930 |
| Total liabilities | $3,174,960 |
| Net assets without donor restrictions | -$1,336,725 |
| 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 | $1,838,235 |
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Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Shelter House Inc Reston, VA | $6,743,159 | $14,877,410 |
Alexandria Housing Development Corporation Alexandria, VA | $129,711,642 | $8,689,601 |
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