Otwell Ruritan Senior Housing Inc
- Assets
- $683.4k
- Revenue
- $215.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Otwell, IN
- Founding
- 10/1996
- Data as of
- 12/2023
- 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 12/2023, Otwell Ruritan Senior Housing Inc generated $215.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $241.9k during the year ending 12/2023. While expenses have increased by 0.3% per year over the past 5 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADEQUATE AND APPROPRIATE HOUSING TO LOW INCOME ELDERLY RESIDENTS OF OTWELL, INDIANA COMMUNITY THROUGHT U.S.D.A. RURAL DEVELOPMENT HOUSING PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Reed President | 3 | $0 | |
Gary Cook Vice President | 3 | $0 | |
Joe Dickson Treasurer | 3 | $0 | |
Jerry Traylor Member | 1 | $0 | |
Pat Dillon Member | 1 | $0 | |
Josh Bryd Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| 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 | $215,524 |
| Total Revenue | $215,535 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $23,299 |
| Pension plans, employee benefits | $45 |
| Interest | $18,026 |
| Taxes | $2,632 |
| Depreciation | $50,070 |
| Occupancy | $94,384 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,206 |
| Total operating and administrative expenses | $241,892 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $241,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,629 |
| Savings and temporary cash investments | $131,122 |
| Net Accounts receivable | $561 |
| 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 | $518,039 |
| Other assets | $0 |
| Total assets | $683,351 |
| Accounts payable and accrued expenses | $4,808 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,159,583 |
| Other liabilities | $18,354 |
| Total liabilities | $1,182,745 |