Pioneer Terrace
- Assets
- $225.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mechanicsville, IA
- Founding
- 07/1972
- Data as of
- 12/2022
- EIN
- 42-0993278
Organization Overview
Pioneer Terrace is located in Mechanicsville, IA. The organization was established in 1972. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pioneer Terrace 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 12/2022, Pioneer Terrace generated $160.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $159.2k during the year ending 12/2022. While expenses have increased by 1.0% per year over the past 8 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
2022
Describe the Organization's Program Activity:
Part 3
THE CORPORATION WAS ORGANIZED FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A 25 UNIT APARTMENT BUILDING FOR ELDERLY AND LOW INCOME RURAL RESIDENTS. AN OCCUPANCY RATE OF 97% WAS ACHIEVED DURING THE CURRENT YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Schroeder Secretary | 1 | $0 | |
Meredith Dehmer Treasurer | 1 | $0 | |
Janet Ford Director | 1 | $0 | |
Jo Ann Ahrendsen President | 1 | $0 | |
John Sandberg Director | 1 | $0 | |
Ron Baker Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $160,340 |
| Membership dues | $0 |
| Investment income | $191 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $160,531 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $24,002 |
| Occupancy, rent, utilities, and maintenance | $91,630 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $43,598 |
| Total expenses | $159,230 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,752 |
| Other assets | $0 |
| Total assets | $225,870 |
| Total liabilities | $209,878 |
| Net assets or fund balances | $15,992 |
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