Northwest Apartments Inc Of Weakley County Tn is located in Martin, TN. The organization was established in 1987. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Northwest Apartments Inc Of Weakley County TN 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, Northwest Apartments Inc Of Weakley County TN generated $156.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $137.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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
APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, FOR LOW- INCOME, HANDICAPPED, AND ELDERLY PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, FOR LOW- INCOME, HANDICAPPED, AND ELDERLY PERSONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Janet Elliott Vice Chairma | OfficerTrustee | $0 | |
Dee Pritchett Commisioner | OfficerTrustee | $0 | |
Colin Johnson Commissioner | OfficerTrustee | $0 | |
Robb Newbill Commissioner | OfficerTrustee | $0 | |
Joyce Washington Chairman | OfficerTrustee | $0 | |
Pam Bratcher Executive Di | Officer | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $103,424 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $103,424 |
Total Revenue from Contributions, Gifts, Grants & Similar | $103,424 |
Total Program Service Revenue | $51,353 |
Investment income | $6 |
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 | $156,021 |
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 | $4,213 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $1,021 |
Payroll taxes | $0 |
Fees for services: Management | $10,594 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,464 |
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 | $5,532 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $51,866 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $29,356 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $23,246 |
Insurance | $0 |
All other expenses | $4,443 |
Total functional expenses | $137,735 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $24,061 |
Savings and temporary cash investments | $41,726 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $800 |
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 | $2,977 |
Net Land, buildings, and equipment | $254,962 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,934 |
Total assets | $329,460 |
Accounts payable and accrued expenses | $23,922 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $362,470 |
Total liabilities | $386,392 |
Net assets without donor restrictions | $0 |
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 | -$56,932 |
Total liabilities and net assets/fund balances | $329,460 |
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