Indiana Disciples Housing
- Assets
- $1.2m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 5
- Location
- Marion, OH
- Founding
- 01/2008
- Data as of
- 09/2023
- EIN
- 35-1437955
Organization Overview
Indiana Disciples Housing, operating under the name Ken-Mar Apartments, is located in Marion, OH. The organization was established in 2008. 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 09/2023, Ken-Mar Apartments employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ken-Mar 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, Ken-Mar Apartments generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. While expenses have increased by 1.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS UNDER SECTION 8 AND 223 (F)/207 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS UNDER SECTION 223(F)/207 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Michael Hankins Secretary/tr | OfficerTrustee | 0.1 | $0 |
Sue Ann Hart Director | Trustee | 0.1 | $0 |
Roger Alan Maxwell President | OfficerTrustee | 0.1 | $0 |
Gary Oaks Director | Trustee | 0.1 | $0 |
Glenn Newton Russell Vice Preside | OfficerTrustee | 0.1 | $0 |
Tracy Scott Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $587,676 |
| 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 | $587,676 |
| Total Program Service Revenue | $436,274 |
| Investment income | $465 |
| 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 | $1,041,937 |
| 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 | $160,962 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,838 |
| Payroll taxes | $11,849 |
| Fees for services: Management | $60,484 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,738 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,107 |
| Office expenses | $25,645 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $397,905 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $80,397 |
| Insurance | $0 |
| All other expenses | $23 |
| Total functional expenses | $1,093,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,613 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,118 |
| 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 | $36,167 |
| Net Land, buildings, and equipment | $692,202 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $456,667 |
| Total assets | $1,191,767 |
| Accounts payable and accrued expenses | $180,204 |
| Grants payable | $0 |
| Deferred revenue | $2,640 |
| 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 | $2,867,899 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,036 |
| Total liabilities | $3,107,779 |
| Net assets without donor restrictions | -$1,916,012 |
| Net assets with donor restrictions | $0 |
| 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 | $1,191,767 |