Gault Grove Apartments Inc
- Assets
- $406.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbia, SC
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 57-1010303
Organization Overview
Gault Grove Apartments Inc is located in Columbia, SC. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Gault Grove Apartments 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, Gault Grove Apartments Inc generated $146.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $158.1k during the year ending 12/2022. While expenses have increased by 3.5% 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE HOUSING AND RELATED SERVICES TO LOW INCOME INDIVIDUALS WITH MENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Debra Hamm Chair | 1 | $0 | |
Shayla Merritt Vice Chair | 1 | $0 | |
Dr Tosin Adelakun Board Member | 1 | $0 | |
Mary Winter Teaster Board Member | 1 | $0 | |
Angela Ball Board Member | 1 | $0 | |
Elaine Delk Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,154 |
| Total Program Service Revenue | $58,192 |
| Membership dues | $0 |
| Investment income | $21 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,628 |
| Total Revenue | $145,995 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $23,307 |
| Professional fees and other payments to independent contractors | $56,298 |
| Occupancy, rent, utilities, and maintenance | $33,001 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,502 |
| Total expenses | $158,108 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $16,098 |
| Other assets | $0 |
| Total assets | $406,225 |
| Total liabilities | $1,086,926 |
| Net assets or fund balances | -$680,701 |