Shawmet Homes Inc
- Assets
- $3.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 15
- Location
- Kansas City, MO
- Founding
- 05/1974
- Data as of
- 10/2023
- EIN
- 43-0993922
Organization Overview
Shawmet Homes Inc is located in Kansas City, MO. The organization was established in 1974. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 10/2023, Shawmet Homes Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shawmet Homes 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 10/2023, Shawmet Homes Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $2.9m during the year ending 10/2023. While expenses have increased by 6.9% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING - PROVIDE AFFORDABLE HOUSING TO LOW & MIDDLE INCOME FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
APARTMENT COMPLEX PROVIDING LOW INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Cooper Vice-President | OfficerTrustee | 1 | $0 |
Joyce Weiblen Board Member | Trustee | 1 | $0 |
Idonna L Bragg Board Member | Trustee | 1 | $0 |
Jim Dalbec President | OfficerTrustee | 1 | $0 |
Cliff Schuette Board Member | Trustee | 1 | $0 |
Janet Fanska Treasurer | OfficerTrustee | 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 | $2,755,563 |
| Investment income | $6,566 |
| 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 | $2,766,989 |
| 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 | $420,371 |
| Pension plan accruals and contributions | $2,760 |
| Other employee benefits | $20,264 |
| Payroll taxes | $29,690 |
| Fees for services: Management | $168,704 |
| Fees for services: Legal | $10,778 |
| Fees for services: Accounting | $29,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,358 |
| Office expenses | $38,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,191 |
| Interest | $28,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,937 |
| Insurance | $320,712 |
| All other expenses | $1,608,143 |
| Total functional expenses | $2,895,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,832 |
| Savings and temporary cash investments | $53,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,778 |
| 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 | $336,744 |
| Net Land, buildings, and equipment | $1,600,167 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $952,911 |
| Total assets | $3,038,922 |
| Accounts payable and accrued expenses | $204,542 |
| Grants payable | $0 |
| Deferred revenue | $52,799 |
| 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 | $2,866,100 |
| Other liabilities | $911,079 |
| Total liabilities | $4,034,520 |
| 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 | -$995,598 |
| Total liabilities and net assets/fund balances | $3,038,922 |