Roman Eagle Properties Inc
- Assets
- $555.9k
- Revenue
- $306.8k
- Investments
- $0.0
- Employees
- 3
- Location
- Danville, VA
- Founding
- 08/1983
- Data as of
- 12/2022
- EIN
- 52-1300826
Organization Overview
Roman Eagle Properties Inc is located in Danville, VA. The organization was established in 1983. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Roman Eagle Properties Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roman Eagle Properties 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 12/2022, Roman Eagle Properties Inc generated $306.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $299.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATES A 41 BED UNIT HUD ASSISTED HOUSING FACILITY FOR LOW INCOME ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE 41 UNITS OF HUD ASSISTED HOUSING TO LOW INCOME ELDERLY RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wa Wells III First Vice President | OfficerTrustee | 0.5 | $0 |
David L Fuquay Treasurer & Director | OfficerTrustee | 1 | $0 |
Gerald Gibson President & CEO | OfficerTrustee | 1 | $0 |
Cristy Meadows Secretary & Director | OfficerTrustee | 0.5 | $0 |
Hf Haymore Jr Director | Trustee | 0.5 | $0 |
Ralph South Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,279 |
| 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 | $178,279 |
| Total Program Service Revenue | $128,352 |
| Investment income | $123 |
| 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 | $306,754 |
| 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 | $34,067 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,733 |
| Fees for services: Management | $21,285 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,339 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $153,856 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $661 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,869 |
| Insurance | $667 |
| All other expenses | $80 |
| Total functional expenses | $298,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,279 |
| Savings and temporary cash investments | $20,879 |
| 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 | $10,738 |
| Net Land, buildings, and equipment | $520,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $555,863 |
| Accounts payable and accrued expenses | $64,088 |
| 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 | $979,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,225 |
| Total liabilities | $1,054,908 |
| Net assets without donor restrictions | -$499,045 |
| 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 | $555,863 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Collaborative Charlotte, NC | $3,657,105 | $83,275,604 |
Housing Counseling Services Inc Washington, DC | $4,430,833 | $16,498,572 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Manna Inc Washington, DC | $18,457,194 | $8,787,591 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Housing Assistance Council Washington, DC | $50,242,099 | $11,554,116 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Echelon Housing Inc North Bethesda, MD | $23,861,150 | $4,416,757 |
Comprehensive Housing Assistance Inc Baltimore, MD | $35,424,449 | $4,587,920 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |
Neighborhood Capital Corporation Silver Spring, MD | $106,804,353 | $10,287,510 |