Galax Community Apartments Corporation
- Assets
- $377.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Christiansburg, VA
- Founding
- 07/1991
- Data as of
- 12/2021
- EIN
- 54-1579956
Organization Overview
Galax Community Apartments Corporation is located in Christiansburg, VA. The organization was established in 1991. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Galax Community Apartments Corporation 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 12/2021, Galax Community Apartments Corporation generated $69.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $78.3k during the year ending 12/2021. While expenses have increased by 3.7% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE CORPORATION OWNS AND OPERATES 10 UNITS OF HOUSING FOR THE CHRONICALLY MENTALLY ILL LOCATED IN GALAX, VA. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL ACT REGULATED BY HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Famuliner Board Chair | 1 | $0 | |
Andy Hall Chief Operations Officer | 1 | $0 | |
Jeffrey K Reed President/treasurer | 1 | $0 | |
Janaka Casper Chief Executive Officer | 1 | $0 | |
Susan Sisk Past Chair | 1 | $0 | |
John Randolph Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $68,248 |
| Membership dues | $0 |
| Investment income | $44 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,531 |
| Total Revenue | $69,823 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $19,381 |
| Professional fees and other payments to independent contractors | $2,849 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $56,044 |
| Total expenses | $78,274 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,440 |
| Other assets | $0 |
| Total assets | $377,803 |
| Total liabilities | $12,075 |
| Net assets or fund balances | $365,728 |
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