Swope Parkway Housing Inc
- Assets
- $663.0k
- Revenue
- $183.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 04/1994
- Data as of
- 12/2023
- EIN
- 43-1531202
Organization Overview
Swope Parkway Housing Inc is located in Kansas City, MO. The organization was established in 1994. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, 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. Swope Parkway Housing 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 12/2023, Swope Parkway Housing Inc generated $183.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $200.9k during the year ending 12/2023. 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
SWOPE PARKWAY HOUSING INC (SPHI) IS A MISSOURI NOT-FOR-PROFIT CORPORATION. SWOPE HEALTH SERVICES IS THE SOLE CORPORATE MEMBER OF SPHI. SPHI WAS FORMED IN 1989 TO OWN AND OPERATE A 15-UNIT APARTMENT COMPLEX IN KANSAS CITY, MISSOURI, KNOWN AS RAINBOW RESIDENTIAL CARE (THE PROJECT), HUD PROJECT NUMBER 084-HH004. THE CORPORATION PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS, SUBJECT TO REGULATION BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENTAL CHARGES AND OPERATING METHODS. LOWER RENTAL CHARGES ARE RECOVERED BY THE OWNERSHIP THROUGH RENT SUBSIDIES PROVIDED BY THE DEPARTMENT OF MENTAL HEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SWOPE PARKWAY HOUSING INC (HOUSING) IS A MISSOURI NOT FOR PROFIT CORPORATION. WHOLLY OWNED BY SWOPE HEALTH SERVICES, HOUSING WAS FORMED IN 1989 TO OWN AND OPERATE A 15-UNIT APARTMENT COMPLEX IN KANSAS CITY, MISSOURI, KNOWN AS RAINBOW RESIDENTIAL CARE (THE PROJECT), HUD PROJECT NUMBER 084-HH004. THE CORPORATION PROVIDES HOUSING TO ELDERLY AND DISABLED PERSONS, SUBJECT TO REGULATION BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENTAL CHARGES AND OPERATING METHODS. LOWER RENTAL CHARGES ARE RECOVERED BY THE OWNERSHIP THROUGH RENT SUBSIDIES PROVIDED BY THE DEPARTMENT OF MENTAL HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Linda Adkison Former Director | Trustee | 1 | $0 |
Stephanie Boyer Director | Trustee | 1 | $0 |
Alissia Canady Director | Trustee | 1 | $0 |
Jack Cannon III Director | Trustee | 1 | $0 |
Marvin Carolina Jr Director | Trustee | 1 | $0 |
Aaron Ellison MD Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $70,000 |
| 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 | $70,000 |
| Total Program Service Revenue | $113,762 |
| Investment income | $20 |
| 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 | $183,782 |
| 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 | $41,356 |
| Fees for services: Legal | $0 |
| 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 | $6,872 |
| Advertising and promotion | $0 |
| Office expenses | $1,758 |
| Information technology | $855 |
| Royalties | $0 |
| Occupancy | $69,258 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $59,630 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $200,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $212,398 |
| 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 | $450,632 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $663,030 |
| Accounts payable and accrued expenses | $2,811 |
| 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 | $220,690 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,030 |
| Total liabilities | $227,531 |
| Net assets without donor restrictions | $435,499 |
| 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 | $663,030 |