First African Kanisa Apartments Inc
- Assets
- $1.4m
- Revenue
- $463.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Lexington, KY
- Founding
- 01/1998
- Data as of
- 12/2021
- 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 12/2021, First African Kanisa Apartments Inc generated $463.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $503.1k during the year ending 12/2021. While expenses have increased by 11.1% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
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 | |
Shirley Livisay Vice President | 1 | $0 | |
Doug Garth Director | 1 | $0 | |
Joyce Nicholson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $84 |
| 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 | $3,889 |
| Total Revenue | $463,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $74,158 |
| Pension plans, employee benefits | $0 |
| Interest | $36,235 |
| Taxes | $0 |
| Depreciation | $102,630 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $598 |
| Printing and publications | $0 |
| Other expenses | $282,982 |
| Total operating and administrative expenses | $503,140 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $503,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,511 |
| Savings and temporary cash investments | $23,028 |
| Net Accounts receivable | $1,321 |
| 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 | $6,872 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,335,246 |
| Other assets | $60,623 |
| Total assets | $1,436,601 |
| Accounts payable and accrued expenses | $122,367 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,501,772 |
| Other liabilities | $132,232 |
| Total liabilities | $1,756,371 |
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|---|---|---|
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All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Emerald Development And Economic Cleveland, OH | $37,695,936 | $37,548,229 |
Ozark Tri-County Health Care Consortium Neosho, MO | $16,683,948 | $25,504,215 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Bridges Community Action Partnership Marysville, OH | $6,792,515 | $6,372,376 |