Greenwood Apts Inc
- Assets
- $2.2m
- Revenue
- $936.7k
- Investments
- $0.0
- Employees
- 9
- Location
- Mason, OH
- Founding
- 12/1974
- Data as of
- 12/2021
- EIN
- 35-1166805
Organization Overview
Greenwood Apts Inc is located in Mason, OH. The organization was established in 1974. 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. As of 12/2021, Greenwood Apts Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood Apts 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 12/2021, Greenwood Apts Inc generated $936.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $910.6k during the year ending 12/2021. While expenses have increased by 1.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAINING AND OPERATING A ONE HUNDRED UNIT HOUSING PROJECT FOR LOW-INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING AND OPERATING A ONE HUNDRED UNIT APARTMENT COMMUNITY (GREENWOOD APARTMENTS), PROVIDING MULTI-FAMILY HOUSING FOR LOW-INCOME PERSONS, LOCATED IN RICHMOND, INDIANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pauline Carter Vice-President | OfficerTrustee | 1 | $0 |
Glenda Shearer Secretary | OfficerTrustee | 1 | $0 |
Robert Mayberry Treasurer | OfficerTrustee | 1 | $0 |
Mona Mayberry President | OfficerTrustee | 1 | $0 |
Odessa Smith Trustee | Trustee | 1 | $0 |
Ray Pennington Jr Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $896,387 |
| Investment income | $300 |
| 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 | $936,674 |
| 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 | $237,420 |
| Pension plan accruals and contributions | $7,236 |
| Other employee benefits | $19,646 |
| Payroll taxes | $18,035 |
| Fees for services: Management | $56,470 |
| Fees for services: Legal | $3,429 |
| Fees for services: Accounting | $32,489 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,380 |
| Office expenses | $46,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,712 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,330 |
| Insurance | $49,255 |
| All other expenses | $0 |
| Total functional expenses | $910,591 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,438 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,733 |
| 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 | $25,274 |
| Net Land, buildings, and equipment | $1,615,747 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $333,575 |
| Total assets | $2,171,767 |
| Accounts payable and accrued expenses | $41,459 |
| Grants payable | $0 |
| Deferred revenue | $14,136 |
| 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 | $995,499 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,918 |
| Total liabilities | $1,067,012 |
| Net assets without donor restrictions | $1,039,170 |
| Net assets with donor restrictions | $65,585 |
| 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 | $2,171,767 |
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