Malone Creek Estate Inc
- Assets
- $388.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 9
- Location
- Independence, IA
- Founding
- 12/1988
- Data as of
- 06/2021
- EIN
- 42-1310795
Organization Overview
Malone Creek Estate Inc is located in Independence, IA. The organization was established in 1988. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, Malone Creek Estate Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Malone Creek Estate Inc 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 06/2021, Malone Creek Estate Inc generated $187.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $201.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. 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
THE ORGANIZATION PROVIDED BASIC SERVICES TO ASSIST THE MENTALLY AND PHYSICALLY DISABLED TO LEARN AND PERFORM BASIC LIVING TASKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaci Weber Executive Director | 40 | $40,473 | |
Victoria Reinkoester Vice President | 1 | $0 | |
Kristi Vandenburg Director | 1 | $0 | |
Brian White Director | 1 | $0 | |
Scott Davis Secretary | 1 | $0 | |
Bonita Davis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,872 |
| Total Program Service Revenue | $137,422 |
| Membership dues | $0 |
| Investment income | $24,469 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $187,763 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $128,438 |
| Professional fees and other payments to independent contractors | $5,614 |
| Occupancy, rent, utilities, and maintenance | $31,723 |
| Printing, publications, postage, and shipping | $371 |
| Other expenses | $35,409 |
| Total expenses | $201,555 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $63,357 |
| Other assets | $0 |
| Total assets | $388,511 |
| Total liabilities | $68,509 |
| Net assets or fund balances | $320,002 |
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