Fairmount Plaza Inc A Missouri Non- Profit Corporation

Organization Overview

Fairmount Plaza Inc A Missouri Non- Profit Corporation is located in Independence, MO. The organization was established in 2001. 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. Fairmount Plaza Inc A Missouri Non- Profit Corporation 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, Fairmount Plaza Inc A Missouri Non- Profit Corporation generated $414.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $486.0k during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE LOW INCOME HOUSING FOR ELDERLY INDIVIDUALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION OPERATES A 57-UNIT LOW INCOME HOUSING APARTMENT COMPLEX UNDER SECTION 202 AND SECTION 8 OF THE NATIONAL HOUSING ACT PROVIDING AFFORDABLE HOUSING FOR QUALIFYING ELDERLY INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
William A Rogers
President
$0
John Greene
Board Member
$0
Linnette Ferguson
Vice President
$0
Larry Gerling
Board Member
$0
Melisa Goering
Board Member
$0
Sheila Mitchell
Secretary
$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$414,765
Investment income $73
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 $414,838

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