Indian Town Home Association
- Assets
- $1.8m
- Revenue
- $194.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Henry, IL
- Founding
- 02/2000
- Data as of
- 09/2023
- EIN
- 36-4294861
Organization Overview
Indian Town Home Association is located in Henry, IL. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Indian Town Home Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indian Town Home Association 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, Indian Town Home Association generated $194.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $183.8k during the year ending 09/2023. 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
PROVIDE LOW INCOME HOUSING TO THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW INCOME HOUSING TO THE ELDERLY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Bazyn President | OfficerTrustee | $0 | |
Tom Bogner Director | Trustee | $0 | |
Tim Doyle Director | Trustee | $0 | |
Daryl Fountain Director | Trustee | $0 | |
Jean Fulks Director | Trustee | $0 | |
Lori Hartwig Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,250 |
| 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 | $101,250 |
| Total Program Service Revenue | $81,497 |
| Investment income | $1,711 |
| 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 | $194,694 |
| 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 | $41,661 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,518 |
| Payroll taxes | $3,187 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,088 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $81 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $63,703 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $968 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,354 |
| Insurance | $0 |
| All other expenses | $227 |
| Total functional expenses | $183,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,679 |
| Savings and temporary cash investments | $483,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $12,420 |
| Net Land, buildings, and equipment | $1,271,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,731 |
| Total assets | $1,816,137 |
| Accounts payable and accrued expenses | $3,422 |
| 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 | $1,824,900 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,825 |
| Total liabilities | $1,837,147 |
| Net assets without donor restrictions | -$21,010 |
| 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 | $1,816,137 |