Park Ridge Apartments Inc
- Assets
- $2.1m
- Revenue
- $243.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Youngsville, LA
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 30-0514332
Organization Overview
Park Ridge Apartments Inc is located in Youngsville, LA. The organization was established in 2009. 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. Park Ridge Apartments 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, Park Ridge Apartments Inc generated $243.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $257.3k during the year ending 12/2021. While expenses have increased by 7.5% 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
PROVIDES HOUSING, WHICH IS SUBSIDIZED BY HUD SECTION 8 RENTAL ASSISTANCE PAYMENTS, TO LOW INCOME FAMILIES THAT HAVE A FAMILY MEMBER WITH A DISABILITY AND/OR INDIVIDUALS WITH A DISABILITY AND THE NEED FOR ONGOING SUPPORT TO LIVE INDEPENDENTLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING, WHICH IS SUBSIDIZED BY HUD SECTION 8 RENTAL ASSISTANCE PAYMENTS, TO LOW INCOME FAMILIES THAT HAVE A FAMILY MEMBER WITH A DISABILITY AND/OR INDIVIDUALS WITH A DISABILITY AND THE NEED FOR ONGOING SUPPORT TO LIVE INDEPENDENTLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ivan J Lewis Secretary | OfficerTrustee | 0 | $0 |
Willie Maynard Jr President | OfficerTrustee | 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 | $132,502 |
| Investment income | $2 |
| 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 | $243,493 |
| 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 | $8,279 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $821 |
| Fees for services: Management | $6,596 |
| Fees for services: Legal | $172 |
| Fees for services: Accounting | $5,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,469 |
| Advertising and promotion | $0 |
| Office expenses | $13,778 |
| 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 | $99,670 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,822 |
| Insurance | $19,499 |
| All other expenses | $9,231 |
| Total functional expenses | $257,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,349 |
| Savings and temporary cash investments | $23,749 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,086 |
| 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 | $741 |
| Net Land, buildings, and equipment | $2,101,112 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75 |
| Total assets | $2,149,112 |
| Accounts payable and accrued expenses | $15,311 |
| 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 | $2,578,519 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,966 |
| Total liabilities | $2,603,796 |
| Net assets without donor restrictions | -$454,684 |
| 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 | $2,149,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alamo Area Mutual Housing Association Inc San Antonio, TX | $51,706,215 | $15,020,368 |
Community Development Corporation Of Brownsville Inc Brownsville, TX | $63,084,439 | $14,190,282 |
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |
Dallas Neighborhood Alliance For Habitat Dallas, TX | $1,401,689 | $4,975,573 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
Lago De Plata Inc Dallas, TX | $0 | $4,971,984 |
St Jude Inc Dallas, TX | $20,844,887 | $6,967,988 |
South Mississippi Housing Anddevelopment Corporation Gulfport, MS | $21,301,727 | $2,501,846 |
St Martin De Porres Inc Dallas, TX | $5,546,092 | $2,713,631 |
American Agape Foundation Inc San Antonio, TX | $16,088,776 | $3,043,665 |