Bowden-Pendleton Inc is located in Macon, GA. Bowden-Pendleton 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, Bowden-Pendleton Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 3.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION IS TO OWN AND OPERATE 351 UNITS OF HOUSING DESIGNATED FOR LOW AND VERY-LOW INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE 351 UNITS OF HOUSING DESIGNATED FOR LOW AND VERY-LOW INCOME PERSONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Suyon Haugabrook Treasurer | Officer | 1 | $0 |
Michael T Austin Ceo/secretary | Officer | 1 | $0 |
Pearlie M Toliver Chair | Trustee | 0.25 | $0 |
Joann Fowler Director | Trustee | 0.25 | $0 |
Melinda D Robinson-Moffett Vice Chair | Trustee | 0.25 | $0 |
John C Walker III Director | Trustee | 0.25 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,960,278 |
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 | $1,960,278 |
Total Program Service Revenue | $205,946 |
Investment income | $1,640 |
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 | $2,167,864 |
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 | $301,358 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $71,092 |
Payroll taxes | $22,689 |
Fees for services: Management | $162,970 |
Fees for services: Legal | $20,276 |
Fees for services: Accounting | $33,264 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $926 |
Office expenses | $48,271 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $6,640 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $292,168 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $655,014 |
Insurance | $90,141 |
All other expenses | $88,326 |
Total functional expenses | $2,658,625 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,978,447 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $46,661 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $20,461 |
Prepaid expenses and deferred charges | $82,518 |
Net Land, buildings, and equipment | $4,465,786 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $8,593,873 |
Accounts payable and accrued expenses | $172,387 |
Grants payable | $0 |
Deferred revenue | $33,477 |
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 | $3,965,979 |
Unsecured mortgages and notes payable | $16,273 |
Other liabilities | -$69,075 |
Total liabilities | $4,119,041 |
Net assets without donor restrictions | $4,474,832 |
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 | $8,593,873 |
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