Friends Vva Apartments Inc
- Assets
- $1.7m
- Revenue
- $216.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 09/1989
- Data as of
- 12/2023
- EIN
- 31-1275157
Organization Overview
Friends Vva Apartments Inc is located in Columbus, OH. The organization was established in 1989. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Friends Vva 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 12/2023, Friends Vva Apartments Inc generated $216.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $292.3k during the year ending 12/2023. While expenses have increased by 6.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, DECENT AND AFFORDABLE LOW INCOME HOUSING FOR PHYSICALLY CHALLENGED AND ELDERLY - 16 UNITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SAFE AND CLEAN LOW INCOME HOUSING FOR THE PHYSICALLY CHALLENGED AND ELDERLY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valorie G Schwarzmann Director/treasurer/vice Pr | OfficerTrustee | 2 | $0 |
Leah F Evans Director/president | OfficerTrustee | 2 | $0 |
Aaron Wasserman Director/secretary/vice Pr | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $167,840 |
| 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 | $167,840 |
| Total Program Service Revenue | $46,394 |
| Investment income | $1,777 |
| 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 | $216,011 |
| 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 | $14,499 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,925 |
| Payroll taxes | $2,974 |
| Fees for services: Management | $8,314 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,904 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $563 |
| Office expenses | $2,743 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $47,864 |
| Insurance | $4,485 |
| All other expenses | $0 |
| Total functional expenses | $292,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $23,040 |
| 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 | $4,852 |
| Net Land, buildings, and equipment | $1,250,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $381,203 |
| Total assets | $1,662,413 |
| Accounts payable and accrued expenses | $144,074 |
| Grants payable | $0 |
| Deferred revenue | $217 |
| 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 | $1,710,910 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,923 |
| Total liabilities | $1,858,124 |
| Net assets without donor restrictions | -$195,711 |
| 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 | $1,662,413 |