Tubman Gardens Inc
- Assets
- $1.0m
- Revenue
- $386.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tuskegee Institute, AL
- Founding
- 04/1987
- Data as of
- 02/2022
- EIN
- 63-0851065
Organization Overview
Tubman Gardens Inc is located in Tuskegee Institute, AL. The organization was established in 1987. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tubman Gardens 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 02/2022, Tubman Gardens Inc generated $386.5k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $358.7k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SECTION 202 HOUSING FOR THE LOW INCOME ELDERLY AND HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUBMAN GARDENS, INC. PROVIDES HOUSING FOR THE LOW INCOME ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hawthrone Reed President | Trustee | 0 | $0 |
Dorris C Overton Vice President | Trustee | 1 | $0 |
Cynthia Walford Treasurer | Trustee | 1 | $0 |
Clyde T Windsor Secretary | Trustee | 1 | $0 |
Danita Jackson Director | Trustee | 0 | $0 |
Cordelia Moffett Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $386,488 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,504 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,453 |
| Payroll taxes | $8,701 |
| Fees for services: Management | $28,778 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,782 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $270 |
| Office expenses | $2,743 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $349 |
| Interest | $39,358 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,612 |
| Insurance | $16,623 |
| All other expenses | $0 |
| Total functional expenses | $358,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,081 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $217,006 |
| Total assets | $1,027,240 |
| Accounts payable and accrued expenses | $13,992 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,738,794 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,643 |
| Total liabilities | $1,773,429 |
| Net assets without donor restrictions | -$746,189 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$746,189 |