Brent Spence Square Apartments Inc
- Assets
- $2.7m
- Revenue
- $468.9k
- Investments
- $522.0k
- Employees
- 0
- Location
- Covington, KY
- Founding
- 09/1990
- Data as of
- 12/2021
- EIN
- 61-1183268
Organization Overview
Brent Spence Square Apartments Inc is located in Covington, KY. The organization was established in 1990. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Brent Spence Square 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 12/2021, Brent Spence Square Apartments Inc generated $468.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.2% each year . All expenses for the organization totaled $489.8k during the year ending 12/2021. While expenses have increased by 21.9% per year over the past 7 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oliver Dittus Director | 1 | $0 | |
Gordon Rolfes Director | 1 | $0 | |
David Schroeder Director | 1 | $0 | |
Karen Hargett Executive Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $49 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22,618 |
| Total Revenue | $468,922 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $90,230 |
| Pension plans, employee benefits | $1,926 |
| Interest | $65,030 |
| Taxes | $6,970 |
| Depreciation | $100,933 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $213,859 |
| Total operating and administrative expenses | $489,816 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $489,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,377 |
| Savings and temporary cash investments | $38,710 |
| Net Accounts receivable | $1,874 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,084 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $522,049 |
| Net Land, buildings, and equipment | $1,909,976 |
| Other assets | $201,525 |
| Total assets | $2,739,595 |
| Accounts payable and accrued expenses | $52,618 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,322,757 |
| Other liabilities | $173,983 |
| Total liabilities | $1,549,358 |
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