Amr At Pensacola Inc
- Assets
- $5.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Pensacola, FL
- Founding
- 12/1989
- Data as of
- 06/2024
- EIN
- 59-2940706
Organization Overview
Amr At Pensacola Inc is located in Pensacola, FL. The organization was established in 1989. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amr At Pensacola 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 06/2024, Amr At Pensacola Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. While expenses have increased by 6.5% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF LOW INCOME HOUSING ADMINISTERED BY THE CITY OF PENSACOLA HOUSING AGENCY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Hagen President | OfficerTrustee | 0.5 | $750 |
Hal George Vice President | OfficerTrustee | 0 | $750 |
Alicia Christy Secretary/treasurer | OfficerTrustee | 0 | $500 |
Maggie Davis Director | Trustee | 0 | $0 |
Victor Bindi Director | Trustee | 0 | $250 |
James Warwick Director | Trustee | 0 | $750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,997 |
| Noncash contributions included in lines 1a–1f | $17,893 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,372 |
| Total Program Service Revenue | $1,382,473 |
| Investment income | $23,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$134 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,627,050 |
| 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. | $3,250 |
| Compensation of current officers, directors, key employees. | $3,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,242 |
| Pension plan accruals and contributions | $778 |
| Other employee benefits | $0 |
| Payroll taxes | $17,826 |
| Fees for services: Management | $165,606 |
| Fees for services: Legal | $5,519 |
| Fees for services: Accounting | $33,563 |
| 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 | $16,779 |
| Information technology | $8,619 |
| Royalties | $0 |
| Occupancy | $79,270 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $953 |
| Conferences, conventions, and meetings | $2,320 |
| Interest | $111,143 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219,795 |
| Insurance | $166,835 |
| All other expenses | $173,415 |
| Total functional expenses | $1,261,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $222,808 |
| Savings and temporary cash investments | $543,249 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $219,296 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | -$50 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $115,636 |
| Net Land, buildings, and equipment | $4,313,465 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $44,067 |
| Other assets | $2 |
| Total assets | $5,458,473 |
| Accounts payable and accrued expenses | $17,305 |
| 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 | $14,000 |
| Secured mortgages and notes payable | $2,191,793 |
| Unsecured mortgages and notes payable | $112,901 |
| Other liabilities | $0 |
| Total liabilities | $2,335,999 |
| 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 | $3,122,474 |
| Total liabilities and net assets/fund balances | $5,458,473 |