Palestine Gardens North Inc
- Assets
- $2.0m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lees Summit, MO
- Founding
- 07/1995
- Data as of
- 12/2023
- EIN
- 43-1697563
Organization Overview
Palestine Gardens North Inc is located in Lees Summit, MO. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palestine Gardens North 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, Palestine Gardens North Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 28.5% each year . All expenses for the organization totaled $168.3k 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
TAXPAYER OPERATES A 60 UNIT APARTMENT COMPLEX FOR THE ELDERLY IN KANSAS CITY, MISSOURI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TAXPAYER OPERATED A 58 UNIT APARTMENT COMPLEX IN KANSAS CITY, MISSOURI PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT. AVERAGE RESIDENTS PER MONTH-60.
TAXPAYER ALSO PROVIDES VARIOUS SOCIAL SERVICES AND ACTIVITIES FOR ITS RESIDENTS AND THE SURROUNDING COMMUNITY SPECIFIC SERVICES/ACTIVITIES INCLUDE 1 MOBILE POST OFFICE, 2 GUEST SPEAKERS AND WORKSHOPS ON HEALTH AND NUTRITIONAL ISSUES, AND 3 OTHER CULTURAL/EDUCATIONAL/ARTISTIC OUTING AND ACTIVITIES. APPROXIMATE NUMBERS SERVED ARE 330 PER MONTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Maxwell Chairman | OfficerTrustee | 0.5 | $0 |
Melvin Gross Vice Chairman | OfficerTrustee | 0.5 | $0 |
Wendell Jones Secretary | OfficerTrustee | 0.5 | $0 |
Derrick Smith Treasurer | OfficerTrustee | 0.5 | $0 |
Edwynne Smith Director | Trustee | 0.5 | $0 |
Rhonda Iverson-Mcallister Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,449,200 |
| 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 | $3,449,200 |
| Total Program Service Revenue | $138,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,446,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,587,419 |
| 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 | $22,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,020 |
| Payroll taxes | $2,131 |
| Fees for services: Management | $9,194 |
| Fees for services: Legal | $993 |
| Fees for services: Accounting | $10,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,625 |
| Advertising and promotion | $0 |
| Office expenses | $3,906 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $20,763 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,253 |
| Insurance | $11,002 |
| All other expenses | $7,872 |
| Total functional expenses | $168,265 |
| 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 | $2,036,186 |
| 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 | $2,036,186 |
| 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 | $44,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,000 |
| Net assets without donor restrictions | $1,992,186 |
| 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 | $2,036,186 |