Gp Inc
- Assets
- $2.5m
- Revenue
- $5.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, WV
- Founding
- 12/1967
- Data as of
- 12/2022
- EIN
- 55-6022042
Organization Overview
Gp Inc is located in Princeton, WV. The organization was established in 1967. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Gp 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, Gp Inc generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $170.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
GP, INC. WAS ORGANIZED TO PROVIDE A CHRISTIAN HEALTHCARE AND RETIREMENT FACILITY FOR THE CARE, COMFORT AND SECURITY OF THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHCARE AND RETIREMENT SERVICESON FEBRUARY 1, 2015, GP, INC. (FORMERLY KNOWN AS GLENWOOD PARK, INC.) SOLD SUBSTANTIALLY ALL OF THE ASSETS AND OPERATIONS OF THE HEALTHCARE AND RETIREMENT FACILITY TO PRINCETON CENTER, LLC. SUBSEQUENT TO THE SALE, THE CORPORATION CHANGED ITS NAME TO GP, INC. THE OPERATIONS OF GP, INC. GENERALLY CONSIST OF WINDING UP THE AFFAIRS OF THE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Akers Board Memeber | 1 | $0 | |
Gary Cunningham Board Memeber | 1 | $0 | |
Morris Clyburn Board Memeber | 1 | $0 | |
Judy Raines Vice-Chairperson | 1 | $0 | |
Kenneth R Crowe Board Memeber | 1 | $0 | |
Rev Dr Felica Williams Board Memeber | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,839 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,839 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,372 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,242 |
| Total operating and administrative expenses | $41,445 |
| Contributions, gifts, grants paid | $129,021 |
| Total expenses and disbursements | $170,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,664 |
| Savings and temporary cash investments | $1,625,425 |
| Net Accounts receivable | $21,420 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,132 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $700,705 |
| Total assets | $2,452,346 |
| Accounts payable and accrued expenses | $12,629 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,708 |
| Total liabilities | $14,337 |