Alpha Properties Inc

Organization Overview

Alpha Properties Inc, operating under the name Dillsboro Village Apartments, 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. Dillsboro Village Apartments 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 09/2023, Dillsboro Village Apartments generated $516.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $554.1k during the year ending 09/2023. While expenses have increased by 8.7% per year over the past 8 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

2023

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
Doug Rump
Chairman
$0
Ron Richard
Vice-Chairman
$0
Doug Garner
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 $171,695
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$171,695
Total Program Service Revenue$131,950
Investment income $138
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 $516,515

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