Estate Apartments Inc
- Assets
- $238.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Saint Peter, MN
- Founding
- 07/1964
- Data as of
- 12/2023
- EIN
- 41-6039805
Organization Overview
Estate Apartments Inc is located in Saint Peter, MN. The organization was established in 1964. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Estate Apartments Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Estate Apartments Inc generated $80.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $80.2k during the year ending 12/2023. While expenses have increased by 0.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THIS APARTMENT BUILDING EXISTS TO PROVIDE 20 SMALL, WELL-MAINTAINED APARTMENTS FOR LOW INCOME SENIORS AND YOUNGER ADULTS WITH DISABILITIES. IT IS RENTAL ONLY AND NO SERVICES ARE PROVIDED FROM THE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barry Wood President | 3 | $0 | |
Judy Schultz Manager | 10 | $7,200 | |
Cathy Carlson Treasurer | 2 | $0 | |
John Lammert Board Member | 1 | $0 | |
Marc Bachmann Board Member | 1 | $0 | |
Sandi Francis Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $79,012 |
| Membership dues | $0 |
| Investment income | $34 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,897 |
| Total Revenue | $80,943 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $11,407 |
| Professional fees and other payments to independent contractors | $9,738 |
| Occupancy, rent, utilities, and maintenance | $27,437 |
| Printing, publications, postage, and shipping | $372 |
| Other expenses | $31,214 |
| Total expenses | $80,168 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,025 |
| Other assets | $0 |
| Total assets | $238,071 |
| Total liabilities | $24,013 |
| Net assets or fund balances | $214,058 |