Sunflower Manor Inc
- Assets
- $446.3k
- Revenue
- $274.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Clarksdale, MS
- Founding
- 06/1991
- Data as of
- 12/2020
- EIN
- 58-1935907
Organization Overview
Sunflower Manor Inc is located in Clarksdale, MS. The organization was established in 1991. 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 12/2020, Sunflower Manor Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunflower Manor 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 12/2020, Sunflower Manor Inc generated $274.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $275.2k during the year ending 12/2020. While expenses have increased by 3.6% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND DEVELOPMENT OF RENTAL HOUSING FOR LOW INCOME AND/OR ELDERLY. THROUGH MORTGAGES FINANCE BY HUD AND RENT SUPPLEMENT LOW-INCOME HOUSING IS PROVIDED TO APPROXIMATELY 35 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Juanita Lear Vice President | Trustee | 2 | $0 |
Edith M Myles Secretary | Trustee | 2 | $0 |
Margaret J Harris Treasurer | Trustee | 2 | $0 |
Remona Suttlar Member | Trustee | 2 | $0 |
Joffre A Washington President | Trustee | 2 | $0 |
Travis Johnson Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,248 |
| Total Program Service Revenue | $67,950 |
| Investment income | $138 |
| 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 | $274,383 |
| 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 | $16,361 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $574 |
| Payroll taxes | $1,281 |
| Fees for services: Management | $17,660 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,130 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,401 |
| Advertising and promotion | $130 |
| Office expenses | $3,683 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $159,943 |
| Travel | $545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,451 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $275,159 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,840 |
| Savings and temporary cash investments | $120,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,774 |
| 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 | $8,048 |
| Net Land, buildings, and equipment | $275,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,269 |
| Total assets | $446,336 |
| Accounts payable and accrued expenses | $26,241 |
| 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 | $660,326 |
| Other liabilities | $5,975 |
| Total liabilities | $692,542 |
| Net assets without donor restrictions | -$246,206 |
| 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 | $446,336 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Louisiana Housing Assistance Corporation Alexandria, LA | $350,109 | $3,738,733 |
South Mississippi Housing Anddevelopment Corporation Gulfport, MS | $21,301,727 | $2,501,846 |
Christopher Homes Inc New Orleans, LA | $9,980,872 | $3,196,519 |
Scottsboro Housing & Social Services Inc Scottsboro, AL | $12,212,835 | $2,362,761 |
Universal Housing Development Corp Russellville, AR | $5,289,715 | $1,746,662 |
Senior Living Concepts Bentonville, AR | $4,055,724 | $1,668,432 |
Cme-Southside Villas Inc Nashville, TN | $2,839,422 | $1,297,019 |
Episcopal Housing Foundation Inc Birmingham, AL | $2,677,738 | $1,358,660 |
Presbyterian Homes Of Decatur Inc Decatur, AL | $2,666,220 | $1,219,464 |
St John Alexander Tower Inc Little Rock, AR | $2,055,822 | $1,351,843 |
Catholic Housing Authority Of Montgomery Inc Montgomery, AL | $5,843,066 | $956,538 |