Northport Apartments Corporation
- Assets
- $3.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 23
- Location
- Milwaukee, WI
- Founding
- 02/1998
- Data as of
- 09/2022
- EIN
- 39-1043639
Organization Overview
Northport Apartments Corporation is located in Milwaukee, WI. The organization was established in 1998. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Northport Apartments Corporation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northport Apartments 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 09/2022, Northport Apartments Corporation generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.7m during the year ending 09/2022. While expenses have increased by 0.6% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING, SOCIAL SERVICES, AND TRAINING PROGRAMS TO LOW INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FOR LOWER INCOME FAMILIES/INDIVIDUALS (140 RENTAL UNITS ARE PROVIDED)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev John Walton Vice President | OfficerTrustee | 1 | $0 |
Bill Hausler Treasurer | OfficerTrustee | 1 | $0 |
Rev Carmen Porco Secretary | OfficerTrustee | 1 | $0 |
Rev Archie L Ivy President | OfficerTrustee | 1 | $0 |
Rev Mark Clinger Director | Trustee | 1 | $0 |
Rev Marcus Allen 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 | $4,770 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,770 |
| Total Program Service Revenue | $1,793,919 |
| Investment income | $7,217 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$64,277 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,745,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,149 |
| 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 | $453,321 |
| Pension plan accruals and contributions | $15,381 |
| Other employee benefits | $113,443 |
| Payroll taxes | $36,558 |
| Fees for services: Management | $126,072 |
| Fees for services: Legal | $3,201 |
| Fees for services: Accounting | $9,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $857 |
| Office expenses | $131,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $148,677 |
| 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 | $258,167 |
| Insurance | $100,471 |
| All other expenses | $0 |
| Total functional expenses | $1,717,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,733 |
| Savings and temporary cash investments | $293,160 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,682 |
| 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 | $37,652 |
| Net Land, buildings, and equipment | $1,017,187 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,417,797 |
| Total assets | $3,786,211 |
| Accounts payable and accrued expenses | $54,009 |
| Grants payable | $0 |
| Deferred revenue | $4,967 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,905 |
| Total liabilities | $122,881 |
| Net assets without donor restrictions | $3,663,330 |
| 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 | $3,786,211 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Southwest Minnesota Housing Partnership Slayton, MN | $59,310,088 | $10,657,099 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Ppl Properties Minneapolis, MN | $55,862,410 | $5,681,463 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |
Harbor House Ministries Jenison, MI | $5,031,278 | $3,994,152 |
The Village At Mercy Creek Lemont, IL | $14,145,576 | $2,549,375 |
Preservation Housing Partners Bloomfield Hills, MI | $17,748,211 | $4,586,755 |