Otwell Ruritan Senior Housing Inc
- Assets
- $766.3k
- Revenue
- $216.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Otwell, IN
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 35-1835106
Organization Overview
Otwell Ruritan Senior Housing Inc is located in Otwell, IN. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otwell Ruritan Senior 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 12/2021, Otwell Ruritan Senior Housing Inc generated $216.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $235.0k during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADEQUATE AND APPROPRIATE HOUSING TO LOW INCOME ELDERLY RESIDENTS OF OTWELL, INDIANA COMMUNITY THROUGH A U.S.D.A. RURAL DEVELOPMENT HOUSING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Pride Manager | 28 | $23,328 | |
Jerry Traylor Vice-President | 1 | $0 | |
Horace Dillon Board Member | 1 | $0 | |
Connie Reed Board Member | 1 | $0 | |
Kevin Schnarr Board Member | 1 | $0 | |
Pat Dillon Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $138 |
| 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 | $216,653 |
| Total Revenue | $216,791 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $23,328 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,553 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $53,247 |
| Occupancy | $47,674 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,932 |
| Total operating and administrative expenses | $235,041 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $235,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,800 |
| Savings and temporary cash investments | $115,954 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $605,554 |
| Other assets | $0 |
| Total assets | $766,308 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,201,298 |
| Other liabilities | $14,381 |
| Total liabilities | $1,215,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gene B Glick Family Housing Foundation Inc Indianapolis, IN | $374,839,062 | $69,361,551 |
Nef Community Investments Inc Chicago, IL | $49,835,744 | $69,249,511 |
Resurrection Project Chicago, IL | $50,016,508 | $28,523,400 |
Elevate Housing Foundation Lincolnwood, IL | $28,372,310 | $19,775,453 |
Integrated Community Services Inc Green Bay, WI | $950,571 | $23,339,700 |
Community Investment Corp Chicago, IL | $332,682,140 | $31,622,758 |
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |