First African Kanisa Apartments Inc
- Assets
- $1.3m
- Revenue
- $474.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/1998
- Data as of
- 12/2023
- EIN
- 61-1314925
Organization Overview
First African Kanisa Apartments Inc is located in Lexington, KY. The organization was established in 1998. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. First African Kanisa 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, First African Kanisa Apartments Inc generated $474.2k 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 $548.6k during the year ending 12/2023. While expenses have increased by 9.6% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING TO LOW INCOME FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathl Moore President | 1 | $0 | |
Joyce Nicholson Secretary | 1 | $0 | |
Shirley Livisay Vice Preside | 1 | $0 | |
Doug Garth Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $402 |
| 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 | $473,769 |
| Total Revenue | $474,171 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $75,840 |
| Pension plans, employee benefits | $128 |
| Interest | $33,795 |
| Taxes | $0 |
| Depreciation | $106,832 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,613 |
| Printing and publications | $0 |
| Other expenses | $320,024 |
| Total operating and administrative expenses | $548,605 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $548,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,953 |
| Savings and temporary cash investments | $24,866 |
| Net Accounts receivable | $1,350 |
| 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 | $8,421 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,173,086 |
| Other assets | $50,640 |
| Total assets | $1,261,316 |
| Accounts payable and accrued expenses | $125,283 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,430,261 |
| Other liabilities | $141,875 |
| Total liabilities | $1,697,419 |