Galena Park Terrace

Organization Overview

Galena Park Terrace is located in Peoria Heights, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Galena Park Terrace 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 06/2022, Galena Park Terrace generated $12.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (56.7%) each year. All expenses for the organization totaled $7.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (50.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY AND DISABLED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GALENA PARK TERRACE IS A PROVIDER OF LOW RENT HOUSING FOR THE ELDERLY AND DISABLED.


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Board, Officers & Key Employees

Name (title)Compensation
William Wombacher
President
$0
Dan Vonachen
Secretary/treasurer
$0
James Stowell Sr
Vice President
$0
Thomas Giunta
Director
$0
Dean R Bordeaux MD
Director
$0
Scott Mabee
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $11,470
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,332
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $12,802

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