Sioux Rapids Retirement Homes
- Assets
- $80.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 03/1978
- Data as of
- 12/2021
- EIN
- 42-1082319
Organization Overview
Sioux Rapids Retirement Homes is located in Algona, IA. The organization was established in 1978. 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. Sioux Rapids Retirement Homes 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 12/2021, Sioux Rapids Retirement Homes generated $129.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $121.3k during the year ending 12/2021. While expenses have increased by 2.0% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES. RENT IS BASED ON 30% OF THE APPLICANT'S YEARLY INCOME WITH THE REMAINDER SUBSIDIZED BY USDA/RURAL DEVELOPMENT. THIS ORGANIZATION MADE IT POSSIBLE FOR 24 FAMILIES TO FIND SAFE AND AFFORDABLE HOUSING IN SIOUX RAPIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Porter President | 0 | $0 | |
Lynda Swanson Vice President | 0 | $0 | |
Jo Edwardson Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $124,707 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,513 |
| Total Revenue | $129,220 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $2,770 |
| Professional fees and other payments to independent contractors | $15,134 |
| Occupancy, rent, utilities, and maintenance | $78,236 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,168 |
| Total expenses | $121,308 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,066 |
| Other assets | $0 |
| Total assets | $80,262 |
| Total liabilities | $67,736 |
| Net assets or fund balances | $12,526 |
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|---|---|---|
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Immanuel Retirement Communities Omaha, NE | $159,357,540 | $36,993,278 |
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