Forest Dale Inc
- Assets
- $5.7m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Dallas, TX
- Founding
- 01/1967
- Data as of
- 06/2017
- EIN
- 75-1309126
Organization Overview
Forest Dale Inc is located in Dallas, TX. The organization was established in 1967. 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 06/2017, Forest Dale Inc employed 7 individuals. Forest Dale Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2017, Forest Dale Inc generated $5.1m in total revenue. All expenses for the organization totaled $1.2m during the year ending 06/2017. While expenses have increased by 10.1% per year over the past 2 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES LOW-RENT HOUSING FOR SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES LOW-RENT HOUSING FOR SENIOR CITIZENS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Robertson President/director | OfficerTrustee | 0 | $0 |
Don Crisp Secretary/director | OfficerTrustee | 0 | $0 |
Randy Nicholson Treasurer/director | OfficerTrustee | 0 | $0 |
Jerry Browder Director | Trustee | 0 | $0 |
Mike Calvert Director | Trustee | 0 | $0 |
Jerry Cox Director | Trustee | 0 | $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 | $1,117,618 |
| Investment income | $15,740 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,986,356 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,119,714 |
| 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. | $72,698 |
| Compensation of current officers, directors, key employees. | $72,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,354 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,911 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $570 |
| Fees for services: Accounting | $27,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,597 |
| Fees for services: Other | $30,713 |
| Advertising and promotion | $0 |
| Office expenses | $19,695 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,811 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,800 |
| Insurance | $72,132 |
| All other expenses | $2,557 |
| Total functional expenses | $1,204,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,246 |
| Savings and temporary cash investments | $659,019 |
| 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 | $6,234 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,938,500 |
| Total assets | $5,659,999 |
| Accounts payable and accrued expenses | $98,329 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,506 |
| Total liabilities | $142,835 |
| Unrestricted restricted net Assets | $5,517,164 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $5,517,164 |