Abilene Housing Inc
- Assets
- $2.1m
- Revenue
- $523.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Abilene, KS
- Founding
- 03/1979
- Data as of
- 09/2023
- EIN
- 48-0853525
Organization Overview
Abilene Housing Inc is located in Abilene, KS. The organization was established in 1979. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Abilene 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 09/2023, Abilene Housing Inc generated $523.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $546.5k during the year ending 09/2023. While expenses have increased by 3.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LOW-INCOME HOUSING AND SOCIAL ACTIVITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FRONTIER ESTATES PROVIDES AN INDEPENDENT LIVING FACILITY (60 APARTMENT UNITS) TO HOUSE THE LOW-INCOME ELDERLY. FUNDING FOR THE LOW-INCOME ELDERLY IS PROVIDED THROUGH SECTION 8 HOUSING PAYMENTS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). ABILENE HOUSING (SOCIAL FUND) PROVIDES RESIDENTS WITH A LARGE COMMUNITY ROOM AND ALLOWS FOR SOCIAL AFFAIRS, FAMILY GATHERINGS, AND SPECIAL ENTERTAINMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Harold Courtois President And Secretary | OfficerTrustee | 1 | $0 |
Elgin J Glanzer Treasurer | OfficerTrustee | 1 | $0 |
J Dennis Biggs MD Board Chair | OfficerTrustee | 1 | $0 |
Angela Johnson Board Member | Trustee | 1 | $0 |
Sally Nelson Manager | Officer | 50 | $63,278 |
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 | $3,854 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,854 |
| Total Program Service Revenue | $520,339 |
| Investment income | $1,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,869 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,073 |
| 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. | $48,024 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $79,973 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,695 |
| Advertising and promotion | $1,434 |
| Office expenses | $14,390 |
| Information technology | $8,385 |
| Royalties | $0 |
| Occupancy | $147,120 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,138 |
| Interest | $40,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,179 |
| Insurance | $15,067 |
| All other expenses | $115 |
| Total functional expenses | $546,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $816,187 |
| Savings and temporary cash investments | $34,649 |
| 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 | $910,770 |
| Investments—publicly traded securities | $303,400 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,065,006 |
| Accounts payable and accrued expenses | $26,445 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $23,396 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $898,046 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $947,887 |
| Net assets without donor restrictions | $1,005,557 |
| Net assets with donor restrictions | $111,562 |
| 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 | $2,065,006 |