Converse County Senior Housing Incorporated
- Assets
- $1.3m
- Revenue
- $831.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Douglas, WY
- Founding
- 09/1983
- Data as of
- 03/2024
- EIN
- 74-2273256
Organization Overview
Converse County Senior Housing Incorporated is located in Douglas, WY. The organization was established in 1983. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 03/2024, Converse County Senior Housing Incorporated employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Converse County Senior Housing Incorporated 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 03/2024, Converse County Senior Housing Incorporated generated $831.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $388.3k during the year ending 03/2024. While expenses have increased by 2.5% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW-INCOME HOUSING TO QUALIFIED INDIVIDUALS AS OUTLINED BY HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION PROVIDES AFFORDABLE HOUSING FOR THE ELDERLY. THE PROJECT IS A 24 UNIT APARTMENT OPERATED UNDER SECTION 202 OF NATIONAL HOUSING ACT AND IS REGULATED BY HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sabrina Smith Member | Trustee | 1 | $0 |
Kim Hiser Member | Trustee | 1 | $0 |
Karen Tesch Member | Trustee | 1 | $0 |
Perry Hershberger Member | Trustee | 1 | $0 |
Stephanie Hagemann Secretary | Officer | 1 | $0 |
Ralph Hancock Vice-Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $705,754 |
| 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 | $705,754 |
| Total Program Service Revenue | $123,749 |
| Investment income | $2,035 |
| 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 | $831,538 |
| 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 | $120,613 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,167 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,161 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,878 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,259 |
| Insurance | $12,271 |
| All other expenses | $0 |
| Total functional expenses | $388,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,670 |
| Savings and temporary cash investments | $174,679 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,622 |
| 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 | $11,433 |
| Net Land, buildings, and equipment | $796,953 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $49,325 |
| Other assets | $215,494 |
| Total assets | $1,260,176 |
| Accounts payable and accrued expenses | $12,293 |
| Grants payable | $0 |
| Deferred revenue | $496 |
| 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 | $588,118 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,750 |
| Total liabilities | $609,657 |
| Net assets without donor restrictions | $0 |
| 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 | $650,519 |
| Total liabilities and net assets/fund balances | $1,260,176 |