Pheasant Acres Apartments Inc
- Assets
- $1.2m
- Revenue
- $919.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Sioux City, IA
- Founding
- 11/1978
- Data as of
- 06/2021
- EIN
- 42-1110664
Organization Overview
Pheasant Acres Apartments Inc is located in Sioux City, IA. The organization was established in 1978. 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. Pheasant Acres 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 06/2021, Pheasant Acres Apartments Inc generated $919.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $683.9k during the year ending 06/2021. While expenses have increased by 0.6% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING TO THE PHYSICALLY AND MENTALLY DISABLED AND THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PHEASANT ACRES OPERATED A 100 UNIT APARTMENT COMPLEX PROVIDING HOUSING FOR THE PHYSICALLY AND MENTALLY DISABLED AND THE ELDERLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kistner Vice Chairman | OfficerTrustee | 0.5 | $0 |
Chuck Corbett Chairman | OfficerTrustee | 0.5 | $0 |
Jan Poulson Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
John Hantla Top Management Official | OfficerTrustee | 0.5 | $0 |
Terry Keime Director | Trustee | 0.5 | $0 |
Dan Pecaut Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $540,712 |
| 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 | $540,712 |
| Total Program Service Revenue | $376,662 |
| Investment income | $1,628 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $919,002 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $204,162 |
| Fees for services: Legal | $907 |
| Fees for services: Accounting | $7,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,956 |
| Office expenses | $32,065 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,693 |
| Travel | $2,182 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,574 |
| Insurance | $330 |
| All other expenses | $0 |
| Total functional expenses | $683,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $743,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,438 |
| 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 | $3,845 |
| Net Land, buildings, and equipment | $391,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,153,483 |
| Accounts payable and accrued expenses | $24,098 |
| Grants payable | $0 |
| Deferred revenue | $6,376 |
| 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 | $29,965 |
| Total liabilities | $60,439 |
| Net assets without donor restrictions | $1,093,044 |
| 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 | $1,153,483 |
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