Cartmell Communities Inc
- Assets
- $1.8m
- Revenue
- $3.6m
- Investments
- $502.1k
- Employees
- 0
- Location
- Palestine, TX
- Founding
- 03/1955
- Data as of
- 06/2024
- EIN
- 75-0869320
Organization Overview
Cartmell Communities Inc is located in Palestine, TX. The organization was established in 1955. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cartmell Communities 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 06/2024, Cartmell Communities Inc generated $3.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.5%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (12.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF ASSISTED LIVING CENTER AND COMMUNITY FOR AGED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Walker Chairman | 5 | $0 | |
Mike Cline Vice-Chairman | 5 | $0 | |
Mark Henderson Secretary | 5 | $0 | |
Tim Kozik CEO | 40 | $190,204 | |
Debbie Harrison COO | 40 | $166,262 | |
Leah Glenn CFO | 40 | $99,735 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $649,990 |
| Interest on Savings | $31,356 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,906,512 |
| Total Revenue | $3,587,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $456,202 |
| Other employee salaries and wages | $1,193,060 |
| Pension plans, employee benefits | $3,511 |
| Interest | $0 |
| Taxes | $130,311 |
| Depreciation | $59,610 |
| Occupancy | $999,526 |
| Travel, conferences, and meetings | $1,340 |
| Printing and publications | $0 |
| Other expenses | $587,139 |
| Total operating and administrative expenses | $3,472,193 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,472,193 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $625,171 |
| Savings and temporary cash investments | $74,993 |
| Net Accounts receivable | $20,633 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $9,655 |
| Prepaid expenses and deferred charges | $10,976 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $502,103 |
| Net Land, buildings, and equipment | $237,676 |
| Other assets | $289,650 |
| Total assets | $1,770,857 |
| Accounts payable and accrued expenses | $268,593 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $554,931 |
| Total liabilities | $823,524 |