The Wally Shellenberger House Inc
- Assets
- $266.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- 03/2007
- EIN
- 32-0192580
Organization Overview
The Wally Shellenberger House Inc is located in New Albany, IN. The organization was established in 2007. 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. Wally Shellenberger House 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 undefined, Wally Shellenberger House Inc generated $30.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $52.6k during the year ending undefined. While expenses have increased by 2.6% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
Describe the Organization's Program Activity:
Part 3
THE WALLY SHELLENBERGER HOUSE, INC. WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 6 UNIT GROUP HOME IN JASPER, INDIANA, KNOWN AS WALLY SHELLENBERGER HOUSE , PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WHICH GOVERNS THE OPERATION OF THE PROPERTY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Bates President | 0.2 | $0 | |
Nick Clark Secretary/treasurer | 1.75 | $0 | |
Jeana Bateman Vice President | 0.2 | $0 | |
Terry Stawar Member | 0.2 | $0 | |
Renee Baines Member | 0.2 | $0 | |
Joe Kimmel Member | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,732 |
| Total Program Service Revenue | $16,108 |
| Membership dues | $0 |
| Investment income | $5 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $30,845 |
| Statement of Expenses | |
|---|---|
| Total expenses | $52,562 |
| Balance Sheet | |
|---|---|
| Total assets | $266,732 |
| Total liabilities | $519,841 |
| Net assets or fund balances | -$253,109 |
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