West Apartments Inc
- Assets
- $2.0m
- Revenue
- $918.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 11/1977
- Data as of
- 06/2022
- EIN
- 71-0431564
Organization Overview
West Apartments Inc is located in Little Rock, AR. The organization was established in 1977. 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. West 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, West Apartments Inc generated $918.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 4.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW-INCOME HOUSING TO FAMILIES LOCATED IN FT. SMITH, ARKANSAS UNDER U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GUIDELINES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW-INCOME HOUSING TO FAMILIES LOCATED IN FT. SMITH, ARKANSAS UNDER U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George West II Chairman Of | OfficerTrustee | $0 | |
Kenneth West Vice-Chairma | OfficerTrustee | $0 | |
Jane West Treasurer | OfficerTrustee | $0 | |
Jeanette West Member | Trustee | $0 | |
Calvin Thomas Member | Trustee | $0 | |
Laverne West Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $903,217 |
| Investment income | $210 |
| 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 | $918,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,639 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,273 |
| Fees for services: Management | $64,698 |
| Fees for services: Legal | $7,639 |
| Fees for services: Accounting | $19,651 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11 |
| Office expenses | $16,153 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,456 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,513 |
| Interest | $41,751 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,695 |
| Insurance | $122,411 |
| All other expenses | $180,950 |
| Total functional expenses | $1,022,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,768 |
| Savings and temporary cash investments | $241,076 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,239 |
| 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 | $1,053 |
| Net Land, buildings, and equipment | $1,276,433 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $431,870 |
| Total assets | $1,985,439 |
| Accounts payable and accrued expenses | $102,879 |
| Grants payable | $0 |
| Deferred revenue | $4,026 |
| 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 | $1,217,097 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,610 |
| Total liabilities | $1,393,612 |
| Net assets without donor restrictions | $591,827 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,985,439 |
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