Southeast Kansas Lutherans Inc
- Assets
- $349.3k
- Revenue
- $389.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Independence, KS
- Founding
- 10/1968
- Data as of
- 12/2023
- EIN
- 48-6123252
Organization Overview
Southeast Kansas Lutherans Inc, operating under the name Penn Manor Apartments, is located in Independence, KS. The organization was established in 1968. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2023, Penn Manor Apartments employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Manor Apartments 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, Penn Manor Apartments generated $389.0k 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 (3.3%) each year. All expenses for the organization totaled $323.4k 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
THE PROJECT, CONSTRUCTED IN 1985, IS A 49-UNIT LOW-INCOME APARTMENT COMPLEX IN INDEPENDENCE, KANSAS WHICH WAS ORIGINALLY FINANCED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT, CONSTRUCTED IN 1985, IS A 49-UNIT LOW-INCOME APARTMENT COMPLEX IN INDEPENDENCE, KANSAS WHICH WAS ORIGINALLY FINANCED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE PROJECT HAS ONE NON-INCOME PRODUCING UNIT AND IS SUBJECT TO A SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD, FROM WHICH A PORTION OF THE PROJECTS RENTAL INCOME IS RECEIVED. THE PROJECT MAY NOT INCREASE RENTS WITHOUT HUD APPROVAL. THE HAP CONTRACT RUNS THROUGH JANUARY, 2030 AND IS A NON-MAJOR PROGRAM. THE PROJECTS MAJOR PROGRAM IS ITS SECTION 223(F) INSURED LOAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Confer President | OfficerTrustee | 1 | $0 |
Ellie Culp Secretary | OfficerTrustee | 1 | $0 |
Jim Dittmer Vice Preside | OfficerTrustee | 1 | $0 |
Tom Henrichs Director | Trustee | 1 | $0 |
Tim Knoles Director | Trustee | 1 | $0 |
Jim Matthews Director | Trustee | 1 | $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 | $383,226 |
| Investment income | $404 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $650 |
| 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 | $388,969 |
| 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 | $12,445 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,447 |
| Payroll taxes | $4,656 |
| Fees for services: Management | $23,257 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,218 |
| Office expenses | $5,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,150 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,473 |
| Interest | $57,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,581 |
| Insurance | $26,087 |
| All other expenses | $0 |
| Total functional expenses | $323,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,289 |
| 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 | $11,768 |
| Net Land, buildings, and equipment | $197,147 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $108,082 |
| Total assets | $349,286 |
| Accounts payable and accrued expenses | $18,867 |
| 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 | $6,800 |
| Secured mortgages and notes payable | $867,848 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,508 |
| Total liabilities | $905,023 |
| Net assets without donor restrictions | -$555,737 |
| 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 | $349,286 |