Laurel Place Apartments Inc
- Assets
- $90.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 05/1997
- Data as of
- 06/2024
- EIN
- 31-1522627
Organization Overview
Laurel Place Apartments Inc is located in Knoxville, TN. The organization was established in 1997. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Laurel Place 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 06/2024, Laurel Place Apartments Inc generated $39.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $67.7k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HUD ASSISTED HOUSING FOR LOW INCOME AND ELDERLY TENANTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Seay Board Member | 1 | $0 | |
Clay Linkous Board Member | 1 | $0 | |
Katie Linkous President | 1 | $0 | |
Lisa Cole Vice President | 1 | $0 | |
Jennifer Broyles Treasurer | 1 | $0 | |
Derring Darling Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,085 |
| Total Program Service Revenue | $8,351 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $207 |
| Total Revenue | $39,643 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $22,729 |
| Occupancy, rent, utilities, and maintenance | $33,859 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,140 |
| Total expenses | $67,728 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,029 |
| Other assets | $0 |
| Total assets | $90,743 |
| Total liabilities | $339,081 |
| Net assets or fund balances | -$248,338 |