Ridgetop Apartments Inc
- Assets
- $247.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oak Ridge, TN
- Founding
- 07/1996
- Data as of
- 06/2022
- EIN
- 62-1629737
Organization Overview
Ridgetop Apartments Inc is located in Oak Ridge, TN. The organization was established in 1996. 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. Ridgetop 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 06/2022, Ridgetop Apartments Inc generated $37.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $59.1k during the year ending 06/2022. While expenses have increased by 5.4% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE APARTMENT HOUSING UNDER SECTION 811 OF THE CRANSTON-GONZALES NATIONAL AFFORDABLE ACT. A TOTAL OF EIGHT UNITS WERE MADE AVAILABLE FOR LOW INCOME AND DISABLED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blanche Dressner Secretary | 1 | $0 | |
Ralph Aurin Chairman | 1 | $0 | |
Colletta Manning Director | 1 | $0 | |
Michelle Adkisson Director | 1 | $0 | |
Kas Gomathinayagam Director | 1 | $0 | |
Ben Redmon Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,267 |
| Total Program Service Revenue | $29,566 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $37,836 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $36,281 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,840 |
| Total expenses | $59,121 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $32,224 |
| Other assets | $0 |
| Total assets | $247,889 |
| Total liabilities | $32,203 |
| Net assets or fund balances | $215,686 |
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