Rdoor Housing Corporation
- Assets
- $52.3m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 21
- Location
- Indianapolis, IN
- Founding
- 11/2008
- Data as of
- 12/2022
- EIN
- 31-1013632
Organization Overview
Rdoor Housing Corporation is located in Indianapolis, IN. The organization was established in 2008. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Rdoor Housing Corporation employed 21 individuals. This organization is a parent organization of 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 12/2022, Rdoor Housing Corporation generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $15.1m during the year ending 12/2022. While expenses have increased by 19.8% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND PROVIDE LOW AND MODERATE INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE AND PROVIDE LOW AND MODERATE INCOME PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Baird President | OfficerTrustee | 40 | $156,902 |
Walter Friehofer Chairman/treasurer | OfficerTrustee | 0 | $0 |
Kathy Overbey Vice-Chairwoman/secretary | OfficerTrustee | 0 | $0 |
Kathleen Lara Director | Trustee | 0 | $0 |
Mary Trujillo Director | Trustee | 0 | $0 |
Patricia Gamble-Moore Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,170,182 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,323,762 |
| Total Program Service Revenue | $8,465,646 |
| Investment income | $139,285 |
| 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 | $13,928,693 |
| 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. | $156,902 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,731,957 |
| Pension plan accruals and contributions | $16,242 |
| Other employee benefits | $142,473 |
| Payroll taxes | $169,295 |
| Fees for services: Management | $1,972,524 |
| Fees for services: Legal | $53,076 |
| Fees for services: Accounting | $98,816 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $319,947 |
| Office expenses | $186,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,373,018 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,501,659 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,143,046 |
| Insurance | $341,429 |
| All other expenses | $505,076 |
| Total functional expenses | $15,142,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,067,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,180,579 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,425,790 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,126,232 |
| Net Land, buildings, and equipment | $34,253,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $657,750 |
| Other assets | $3,583,315 |
| Total assets | $52,294,627 |
| Accounts payable and accrued expenses | $1,737,265 |
| Grants payable | $0 |
| Deferred revenue | $641,009 |
| 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 | $44,643,460 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $613,698 |
| Total liabilities | $47,635,432 |
| Net assets without donor restrictions | $4,659,195 |
| 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 | $52,294,627 |