Gering Elderly Housing Corporation
- Assets
- $312.1k
- Revenue
- $176.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Gering, NE
- Founding
- 08/1991
- Data as of
- 06/2024
- EIN
- 36-3779568
Organization Overview
Gering Elderly Housing Corporation is located in Gering, NE. The organization was established in 1991. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Gering Elderly Housing Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gering Elderly Housing Corporation 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 06/2024, Gering Elderly Housing Corporation generated $176.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $155.9k during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-COST CLEAN HOUSING FOR LOW-INCOME ELDERLY RESIDENTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. TWENTY-FOUR HOUSING UNITS ARE OPERATED WITH CONTINUALLY CHANGING NUMBER OF TENANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING LOW-COST, CLEAN HOUSING FOR LOW-INCOME ELDERLY RESIDENTS. TWENTY-FOUR HOUSING UNITS ARE OPERATED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Peregrine President | OfficerTrustee | 1 | $0 |
Willard Ross Secretary/treas | OfficerTrustee | 1 | $0 |
Linda Higgins Director | Trustee | 1 | $0 |
Rod Laucomer Vice President | OfficerTrustee | 1 | $0 |
Rhonda Genchev Director | Trustee | 1 | $0 |
Mandy Fertig Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,995 |
| Total Program Service Revenue | $126,117 |
| Investment income | $1,937 |
| 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 | $176,049 |
| 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 | $14,046 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,928 |
| Fees for services: Management | $16,353 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $77 |
| Office expenses | $4,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $57,375 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,568 |
| Insurance | $12,623 |
| All other expenses | $0 |
| Total functional expenses | $155,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $104 |
| Savings and temporary cash investments | $75,840 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49 |
| 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 | $7,358 |
| Net Land, buildings, and equipment | $227,520 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,243 |
| Total assets | $312,114 |
| Accounts payable and accrued expenses | $2,229 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $964,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,557 |
| Total liabilities | $976,286 |
| Net assets without donor restrictions | -$664,172 |
| 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 | $312,114 |