Housing For Elderly Inc
- Assets
- $3.8m
- Revenue
- $458.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 08/1987
- Data as of
- 06/2022
- EIN
- 58-1735491
Organization Overview
Housing For Elderly Inc is located in Atlanta, GA. The organization was established in 1987. 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. Housing For Elderly 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 06/2022, Housing For Elderly Inc generated $458.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $521.2k during the year ending 06/2022. While expenses have increased by 1.8% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION AND MAINTENANCE OF A 49 UNIT APARTMENT COMPLEX FOR LOW INCOME ELDERLY AND SELF-SUFFICIENT HANDICAPPED PERSONS IN ACCORDANCE WTIH THE REQUIREMENTS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerald Eickhoff President | 1 | $0 | |
Joseph F Glenn Vice President | 1 | $0 | |
Robert L Reinhart Director | 1 | $0 | |
Elizabeth C Glenn Secretary | 1 | $0 | |
Larry G Reagan Director | 1 | $0 | |
Kim Delacey Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41 |
| 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 | $458,349 |
| Total Revenue | $458,390 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $94,469 |
| Pension plans, employee benefits | $15,595 |
| Interest | $0 |
| Taxes | $7,222 |
| Depreciation | $120,626 |
| Occupancy | $91,541 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $153,670 |
| Total operating and administrative expenses | $521,220 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $521,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,528 |
| Savings and temporary cash investments | $362,842 |
| Net Accounts receivable | $1,449 |
| 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 | $14,600 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,341,784 |
| Other assets | $16,899 |
| Total assets | $3,765,102 |
| Accounts payable and accrued expenses | $33,276 |
| Grants payable | $0 |
| Deferred revenue | $891 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $15,899 |
| Total liabilities | $50,066 |