Belmont Place Senior Houing Inc
- Assets
- $810.9k
- Revenue
- $84.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Hugo, OK
- Founding
- 12/2003
- Data as of
- 12/2020
- EIN
- 73-1664924
Organization Overview
Belmont Place Senior Houing Inc is located in Hugo, OK. The organization was established in 2003. 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. Belmont Place Senior Houing 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 12/2020, Belmont Place Senior Houing Inc generated $84.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $105.0k during the year ending 12/2020. While expenses have increased by 3.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN AND OPERATE A HUD SECTION 202 MULTI-FAMILY APARTMENT COMPLEX LOCATED IN HUGO, OKLAHOMA
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN AND OPERATE A HUD SECTION 202 MULTI-FAMILY APARTMENT COMPLEX LOCATED IN HUGO, OKLAHOMA
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Pierce Vice President | Officer | 1 | $0 |
Kevin Cory President | Officer | 1 | $0 |
Carla Langley Treasurer | Officer | 1 | $0 |
Rick Driggers Board Member | Trustee | 1 | $0 |
Terry Boylan Board Member | Trustee | 1 | $0 |
Ronny Beasley Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $33,419 |
| 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 | $33,419 |
| Total Program Service Revenue | $50,230 |
| Investment income | $831 |
| 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 | $84,480 |
| 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 | $10,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,600 |
| Payroll taxes | $794 |
| Fees for services: Management | $10,224 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,477 |
| Office expenses | $235 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,077 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,725 |
| Insurance | $13,905 |
| All other expenses | $0 |
| Total functional expenses | $104,975 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $336 |
| Savings and temporary cash investments | $91,718 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $621 |
| 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 | $4,467 |
| Net Land, buildings, and equipment | $713,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $810,947 |
| Accounts payable and accrued expenses | $90,474 |
| 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 | $1,141,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,231,474 |
| Net assets without donor restrictions | -$420,527 |
| 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 | $810,947 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Alamo Area Mutual Housing Association Inc San Antonio, TX | $51,706,215 | $15,020,368 |
Community Development Corporation Of Brownsville Inc Brownsville, TX | $63,084,439 | $14,190,282 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Merced Housing Texas San Antonio, TX | $50,611,683 | $9,858,961 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Trinity Affordable Housing Corporation Austin, TX | $27,521,509 | $8,167,693 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Assisting Texas With Housing Inc Austin, TX | $21,990,420 | $4,581,783 |