Newport Millennium Housing Corporation Iv
- Assets
- $1.1m
- Revenue
- $71.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport, KY
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 31-1762425
Organization Overview
Newport Millennium Housing Corporation Iv is located in Newport, KY. The organization was established in 2001. 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. Newport Millennium Housing Corporation Iv 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 12/2021, Newport Millennium Housing Corporation Iv generated $71.4k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $171.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATE BUILDINGS FOR RENTAL USE. REHABILITATION OF INNER CITY BUILDINGS THRU NEIGHBORHOOD DEVELOPMENT PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Chalk Chairperson | 1 | $0 | |
Carolyn Duff Board Member | 1 | $0 | |
Richard Buechel Jr Board Member | 1 | $0 | |
Mayor Thomas Guidugli Jr Member | 1 | $0 | |
Joseph Mumper Board Member | 1 | $0 | |
Thomas Guidugli Sr President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16 |
| Dividends & Interest | $0 |
| Net Rental Income | -$7,030 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $90,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $38,405 |
| Total Revenue | $71,423 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $11,048 |
| Pension plans, employee benefits | $3,288 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $34,118 |
| Occupancy | $22,128 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,080 |
| Total operating and administrative expenses | $80,958 |
| Contributions, gifts, grants paid | $90,000 |
| Total expenses and disbursements | $170,958 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $314,729 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $809,291 |
| Other assets | $0 |
| Total assets | $1,124,020 |
| Accounts payable and accrued expenses | $1,229 |
| Grants payable | $0 |
| Deferred revenue | $900 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,950 |
| Total liabilities | $4,079 |
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