Millingan Housing For Elderly & Handicaped Inc City View Apartment
- Assets
- $589.4k
- Revenue
- $290.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Johnson City, TN
- Founding
- 02/1982
- Data as of
- 12/2022
- EIN
- 58-1454712
Organization Overview
Millingan Housing For Elderly & Handicaped Inc City View Apartment is located in Johnson City, TN. The organization was established in 1982. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Millingan Housing For Elderly & Handicaped Inc City View Apartment employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Millingan Housing For Elderly & Handicaped Inc City View Apartment 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, Millingan Housing For Elderly & Handicaped Inc City View Apartment generated $290.7k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $233.5k during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 4 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING LOW INCOME ASSISTED HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW AND MODERATE INCOME FAMILY HOUSING PROJECT REGULATED BY US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 8 OF THE FEDERAL HOUSING ACT OF 1937
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Dempsey Director | Trustee | 2 | $0 |
Bill Loran Director | Trustee | 2 | $0 |
Phil Torbett President | Trustee | 2 | $0 |
Corey Webb Director | Trustee | 2 | $0 |
Cal Wilson Director | Trustee | 2 | $0 |
Rick York Sec/treas | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $128,147 |
| All other contributions, gifts, grants, and similar amounts not included above | $158,049 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $286,196 |
| Total Program Service Revenue | $0 |
| Investment income | $300 |
| 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 | $290,716 |
| 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 | $20,173 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,219 |
| Fees for services: Management | $24,481 |
| Fees for services: Legal | $6,109 |
| Fees for services: Accounting | $2,400 |
| 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 | $5,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,916 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42 |
| Interest | $14,440 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,899 |
| Insurance | $20,437 |
| All other expenses | $0 |
| Total functional expenses | $233,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,818 |
| Savings and temporary cash investments | $248,137 |
| 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 | $5,650 |
| Net Land, buildings, and equipment | $234,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $90,099 |
| Total assets | $589,370 |
| Accounts payable and accrued expenses | $12,783 |
| 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 | $453,899 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,758 |
| Total liabilities | $478,440 |
| Net assets without donor restrictions | $110,930 |
| 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 | $589,370 |