Elm Manor Homes
- Assets
- $1.0m
- Revenue
- $396.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Roanoke, VA
- Founding
- 09/1983
- Data as of
- 10/2023
- EIN
- 54-1236735
Organization Overview
Elm Manor Homes is located in Roanoke, VA. The organization was established in 1983. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 10/2023, Elm Manor Homes employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elm Manor Homes 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 10/2023, Elm Manor Homes generated $396.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $376.5k during the year ending 10/2023. 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 ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE QUALIFYING LOW-INCOME ELDERLY AND MENTALLY HANDICAPPED PERSONS WITH AFFORDABLE LOW-INCOME HOUSING AND SERVICES WITH SECTION 8 HOUSING ASSISTANCE ON A NON-PROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FEDERALLY ASSISTED LOW INCOME HOUSING FACILITIES TO ELDERLY AND/OR HANDICAPPED PERSONS. THE ORGANIZATION OPERATES A 23 UNIT APARTMENT COMPLEX FOR THE ELDERLY AND A 15 UNIT APARTMENT FOR THE CHRONICALLY MENTALLY ILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anderson Douthat IV Treasurer | OfficerTrustee | 0.5 | $0 |
Thomas Bass Sr. Warden | Trustee | 0.5 | $0 |
Lisa Cayse Minister - Parish Administration For St. John's | Trustee | 0.5 | $0 |
Thomas R Schroeder President | OfficerTrustee | 1 | $0 |
Wayles Dandridge 1st Vice President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,146 |
| 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 | $45,146 |
| Total Program Service Revenue | $350,555 |
| Investment income | $738 |
| 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 | $396,439 |
| 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 | $78,383 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,027 |
| Payroll taxes | $3,562 |
| Fees for services: Management | $24,976 |
| Fees for services: Legal | $3 |
| Fees for services: Accounting | $12,990 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,194 |
| Office expenses | $20,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,466 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,023 |
| Insurance | $30,126 |
| All other expenses | $6,824 |
| Total functional expenses | $376,455 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,400 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,806 |
| 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 | $13,158 |
| Net Land, buildings, and equipment | $856,831 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $115,977 |
| Total assets | $1,011,172 |
| Accounts payable and accrued expenses | $13,543 |
| Grants payable | $0 |
| Deferred revenue | $840 |
| 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 | $649,070 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,146 |
| Total liabilities | $673,599 |
| Net assets without donor restrictions | $337,573 |
| 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 | $1,011,172 |