Hobson City Apartments Llc
- Assets
- $509.4k
- Revenue
- $248.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Anniston, AL
- Founding
- 10/2001
- Data as of
- 03/2024
- EIN
- 58-2586808
Organization Overview
Hobson City Apartments Llc is located in Anniston, AL. The organization was established in 2001. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is the central organization for a national or regional group of organizations. Hobson City Apartments Llc 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 03/2024, Hobson City Apartments Llc generated $248.3k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $175.3k during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING ASSISTANCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOBSON CITY APARTMENTS, INC.WAS ESTABLISHED IN 2002 TO ASSIST LOW AND MODERATE INCOME RESIDENTS OF THE COMMUNITY TO ACHIEVE A HIGHER STANDARD OF LIVING
HOBSON CITY APARTMENTS, INC.WAS ESTABLISHED IN 2002 TO ASSIST LOW AND MODERATE INCOME RESIDENTS OF THE COMMUNITY TO ACHIEVE A HIGHER STANDING OF LIVING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Williams Vice Chair | Trustee | 1 | $0 |
Cynthia Calix Chair | Officer | 1 | $0 |
Gregg Fortner Secretary/tr | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $234,855 |
| All other contributions, gifts, grants, and similar amounts not included above | $829 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,684 |
| Total Program Service Revenue | $12,559 |
| Investment income | $81 |
| 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 | $248,324 |
| 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 | $17,202 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,290 |
| Payroll taxes | $0 |
| Fees for services: Management | $17,148 |
| Fees for services: Legal | $516 |
| Fees for services: Accounting | $934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $757 |
| Office expenses | $16,034 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,157 |
| Travel | $267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,537 |
| Insurance | $17,968 |
| All other expenses | $0 |
| Total functional expenses | $175,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $119,319 |
| 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 | $13,617 |
| Net Land, buildings, and equipment | $207,174 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $169,245 |
| Total assets | $509,355 |
| Accounts payable and accrued expenses | $38,342 |
| 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 | $544,616 |
| Other liabilities | $17,394 |
| Total liabilities | $600,352 |
| Net assets without donor restrictions | -$90,997 |
| 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 | $509,355 |