Twin Oaks Apartments Inc
- Assets
- $317.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Batesville, AR
- Founding
- 07/1993
- Data as of
- 12/2023
- EIN
- 58-2044967
Organization Overview
Twin Oaks Apartments Inc is located in Batesville, AR. The organization was established in 1993. 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. Twin Oaks 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 12/2023, Twin Oaks Apartments Inc generated $131.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $142.9k during the year ending 12/2023. While expenses have increased by 2.3% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
TWIN OAKS APARTMENTS, INC. IS A US DEPT OF HOUSING & URBAN DEVELOPMENT PROJECT WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY AND HANDICAPPED INDIVIDUALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lamar Wright President | 0 | $0 | |
Michelle Kennedy Secretary | 0 | $0 | |
Doug Kennedy Vice-President | 0 | $0 | |
Bill Lyons Director | 0 | $0 | |
Marilyn Lyons Director | 0 | $0 | |
Robert Morrison Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,723 |
| Total Program Service Revenue | $61,152 |
| Membership dues | $0 |
| Investment income | $50 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,087 |
| Total Revenue | $131,012 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $15,570 |
| Professional fees and other payments to independent contractors | $4,820 |
| Occupancy, rent, utilities, and maintenance | $12,688 |
| Printing, publications, postage, and shipping | $8,500 |
| Other expenses | $101,302 |
| Total expenses | $142,880 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,935 |
| Other assets | $0 |
| Total assets | $316,996 |
| Total liabilities | $12,042 |
| Net assets or fund balances | $304,954 |