Galt Rental Housing Inc
- Assets
- $54.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Galt, MO
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 43-1271234
Organization Overview
Galt Rental Housing Inc is located in Galt, MO. The organization was established in 1989. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Galt Rental Housing 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 12/2021, Galt Rental Housing Inc generated $74.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $68.1k during the year ending 12/2021. While expenses have increased by 6.5% 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 RENTAL UNITS FOR SENIOR AND LOW INCOME CITIZENS WITH SUITABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelly Searcy Treasurer Manager | 5 | $3,492 | |
Clitus Meeker Chairman | 2 | $0 | |
Mary H Richardson Secretary | 2 | $0 | |
Jim Westergaard Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $49,149 |
| Membership dues | $0 |
| Investment income | $21 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $25,331 |
| Total Revenue | $74,501 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,096 |
| Professional fees and other payments to independent contractors | $114 |
| Occupancy, rent, utilities, and maintenance | $49,384 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $14,514 |
| Total expenses | $68,108 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $47,986 |
| Other assets | $0 |
| Total assets | $54,876 |
| Total liabilities | $56,152 |
| Net assets or fund balances | -$1,276 |
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