Storm Lake Rhf Housing Inc
- Assets
- $893.8k
- Revenue
- $265.7k
- Investments
- $126.6k
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 07/1992
- Data as of
- 09/2021
- EIN
- 33-0217490
Organization Overview
Storm Lake Rhf Housing Inc is located in Long Beach, CA. The organization was established in 1992. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Storm Lake Rhf Housing 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 09/2021, Storm Lake Rhf Housing Inc generated $265.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $262.3k during the year ending 09/2021. 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
STORM LAKE RHF HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF IOWA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 25 UNIT COMMUNITY KNOWN AS LAKEVIEW MANOR LOCATED IN STORM LAKE, IOWA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. ON SEPTEMBER 29, 2017, THE ORIGINAL MORTGAGE WAS REFINANCED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Bauman Director | 0.2 | $0 | |
David A Ethington Director | 0.2 | $0 | |
Darryl M Sexton Vice President | 0.2 | $0 | |
Deborah Stouff Corporate Secretary | 0.2 | $0 | |
Christina E Potter Director | 0.2 | $0 | |
Stuart Hartman President After 3.1.21 | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,963 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $84,776 |
| Total Revenue | $265,739 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $42,065 |
| Occupancy | $121,609 |
| Travel, conferences, and meetings | $115 |
| Printing and publications | $1,758 |
| Other expenses | $75,263 |
| Total operating and administrative expenses | $262,281 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $262,281 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143 |
| Savings and temporary cash investments | $18,367 |
| Net Accounts receivable | $494 |
| 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 | $3,909 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $126,602 |
| Net Land, buildings, and equipment | $643,342 |
| Other assets | $100,953 |
| Total assets | $893,810 |
| Accounts payable and accrued expenses | $22,141 |
| Grants payable | $0 |
| Deferred revenue | $3 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,046,618 |
| Other liabilities | $7,198 |
| Total liabilities | $1,075,960 |
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|---|---|---|
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