Apartment Living Inc
- Assets
- $447.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Noblesville, IN
- Founding
- 09/1987
- Data as of
- 06/2022
- EIN
- 31-1209470
Organization Overview
Apartment Living Inc is located in Noblesville, IN. The organization was established in 1987. 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. Apartment Living 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 06/2022, Apartment Living Inc generated $151.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $163.9k during the year ending 06/2022. While expenses have increased by 4.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
OPERATING A 20 UNIT APARTMENT COMPLEX UNDER SEC. 202 OF THE NATIONAL HOUSING ACT FOR INDIVIDUALS WITH MENTAL DISABILITIES IN ANDERSON AND SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Scott Secretary/treasurer | 0.5 | $0 | |
Tim Crockett Treasurer | 0.5 | $0 | |
Alan Brown Board Chair | 0.25 | $0 | |
Jerry Landers Secretary | 1 | $0 | |
John Demaree Board Member | 0.25 | $0 | |
Duane Hook Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,453 |
| Total Program Service Revenue | $66,095 |
| Membership dues | $0 |
| Investment income | $226 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $151,774 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $62,989 |
| Professional fees and other payments to independent contractors | $23,963 |
| Occupancy, rent, utilities, and maintenance | $49,464 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,459 |
| Total expenses | $163,875 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,911 |
| Other assets | $0 |
| Total assets | $447,924 |
| Total liabilities | $609,119 |
| Net assets or fund balances | -$161,195 |