Campton Methodist Housing 2 Inc
- Assets
- $757.4k
- Revenue
- $322.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Campton, KY
- Founding
- 01/1982
- Data as of
- 08/2022
- EIN
- 31-1021546
Organization Overview
Campton Methodist Housing 2 Inc is located in Campton, KY. The organization was established in 1982. 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. Campton Methodist Housing 2 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 08/2022, Campton Methodist Housing 2 Inc generated $322.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $268.5k during the year ending 08/2022. While expenses have increased by 0.0% per year over the past 8 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
THE ORGANIZATION PROVIDES RENTAL HOUSING FOR LOW INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF APARTMENTS TO LOW INCOME FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Lacy Director | Trustee | 1 | $0 |
Maxine Brewer Director | Trustee | 1 | $0 |
William Denniston Director | Trustee | 1 | $0 |
Mary Risner Director | Trustee | 1 | $0 |
Vernon Scott Johnson President | Officer | 1 | $0 |
Garland Mcwhorter Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $243,224 |
| Investment income | $154 |
| 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 | $322,612 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $43,087 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $15,762 |
| Fees for services: Legal | $18,661 |
| Fees for services: Accounting | $2,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44 |
| Office expenses | $8,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $108,611 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,115 |
| Insurance | $13,281 |
| All other expenses | $0 |
| Total functional expenses | $268,452 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,174 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $468 |
| 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 | $3,712 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $36,993 |
| Other assets | $565,469 |
| Total assets | $757,421 |
| Accounts payable and accrued expenses | $66,900 |
| Grants payable | $0 |
| Deferred revenue | $602 |
| 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 | $878,604 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,954 |
| Total liabilities | $956,060 |
| Net assets without donor restrictions | -$198,639 |
| 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 |
| Total liabilities and net assets/fund balances | -$198,639 |