Mccann Village Corp
- Assets
- $0.0
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 4
- Location
- Newton, IA
- Founding
- 04/1980
- Data as of
- 12/2019
- EIN
- 42-1126661
Organization Overview
Mccann Village Corp is located in Newton, IA. The organization was established in 1980. 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. As of 12/2019, Mccann Village Corp employed 4 individuals. Mccann Village Corp 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 12/2019, Mccann Village Corp generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $104.4k during the year ending 12/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
RENTAL OF 80 APARTMENTS ASSISTED UNDER SECTION 8 OF THE UNITED STATES HOUSING ACT OF 1937 PURSUANT TO A HOUSING ASSISTANCE PAYMENTS CONTRACT BETWEEN MCCANN VILLAGE AND HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF 80 APARTMENTS ASSISTED UNDER SECTION 8 OF THE UNITED STATES HOUSING ACT OF 1937 PURSUANT TO A HOUSING ASSISTANCE PAYMENTS CONTRACT BETWEEN MCCANN VILLAGE AND HUD. FOR 2019, ACHIEVED A 90% OCCUPANCY RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Thompson Administrato | Officer | 40 | $12,491 |
Maureen Doty Secretary | OfficerTrustee | 1 | $0 |
Susan Metz Vice Preside | OfficerTrustee | 1 | $0 |
Timothy Bloom Treasurer | OfficerTrustee | 1 | $0 |
Mark Thayer President | OfficerTrustee | 1 | $0 |
Jim Skokan 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $130,025 |
| Investment income | $29 |
| 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 | $1,722,629 |
| 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. | $12,491 |
| Compensation of current officers, directors, key employees. | $12,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,099 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,310 |
| Fees for services: Legal | $394 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64 |
| Office expenses | $2,111 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $12,302 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,483 |
| Insurance | $12,878 |
| All other expenses | $0 |
| Total functional expenses | $104,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |
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