Alpha Properties Inc

Organization Overview

Alpha Properties Inc is located in Dillsboro, IN. The organization was established in 1980. 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 the central organization for a national or regional group of organizations. Alpha Properties 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, Alpha Properties Inc generated $298.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $421.1k during the year ending 09/2021. While expenses have increased by 6.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

HOUSING FOR THE ELDERLY AND DISABLED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALPHA PROPERTIES, INC. OWNS AND OPERATES A 40 UNIT APARTMENT COMPLEX FOR THE ELDERLY AND DISABLED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.


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Board, Officers & Key Employees

Name (title)Compensation
Ron Richard
Vice-Chairman
$0
Doug Rump
Chairman
$0
Cindy Rottinghaus
Secretary
$0
Frieda Rickerson
Treasurer
$0
Erin Thomas
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $182,582
All other contributions, gifts, grants, and similar amounts not included above$50
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$182,632
Total Program Service Revenue$107,503
Investment income $74
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 $298,356

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