Ashberry Terrace Inc
- Assets
- $306.4k
- Revenue
- $47.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Elizabethtown, KY
- Founding
- 02/1996
- Data as of
- 06/2022
- EIN
- 61-1292044
Organization Overview
Ashberry Terrace Inc is located in Elizabethtown, KY. The organization was established in 1996. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Ashberry Terrace 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 06/2022, Ashberry Terrace Inc generated $47.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $56.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING PROVIDED TO THE MENTALLY AND PHYSICALLY DISABLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Billy Osbourne Secretary/treasurer | 0.5 | $0 | |
Gary Barr Vice-Chairman | 0.5 | $0 | |
Bonnie Cecil Boardmember | 0.5 | $0 | |
Matthew Stiles Boardmember | 0.5 | $0 | |
John Mattingly Boardmember | 0.5 | $0 | |
Kimberly Anderson Boardmember | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,310 |
| Interest on Savings | $6 |
| Dividends & Interest | $0 |
| Net Rental Income | $22,758 |
| 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 | $580 |
| Total Revenue | $47,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $17,815 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $31,922 |
| Total operating and administrative expenses | $56,570 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $56,570 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,165 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $396 |
| 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 | $501 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $286,508 |
| Other assets | $13,859 |
| Total assets | $306,429 |
| Accounts payable and accrued expenses | $70,364 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2,037 |
| Total liabilities | $72,401 |
Peer Organizations
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|---|---|---|
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |
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Famicos Foundation Inc Cleveland, OH | $56,363,268 | $13,331,115 |
Lake View Towers Residents Association Inc Chicago, IL | $58,558,713 | $9,007,735 |
Our Lady Of Peace Inc Roanoke, VA | $13,777,109 | $11,564,075 |
Excel Development Co Inc Cincinnati, OH | $14,214,242 | $8,847,104 |
Miami Valley Housing Opportunities Inc Dayton, OH | $17,399,456 | $7,922,561 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Crf Affordable Housing Inc Plainfield, IN | $71,328,382 | $70,095,090 |
National Affordable Housing Trust Inc Columbus, OH | $12,512,765 | $8,943,724 |
Columbus Housing Partnership Inc Columbus, OH | $57,775,833 | $13,476,247 |