Azalea Gardens Inc
- Assets
- $789.4k
- Revenue
- $86.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Crossville, TN
- Founding
- 08/2004
- Data as of
- 12/2021
- EIN
- 80-0093202
Organization Overview
Azalea Gardens Inc is located in Crossville, TN. The organization was established in 2004. 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. Azalea Gardens 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 12/2021, Azalea Gardens Inc generated $86.5k 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 $106.0k during the year ending 12/2021. While expenses have increased by 3.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE QUALITY SUPPORTIVE HOUSING THAT IS SAFE AND SANITARY FOR VERY LOW-INCOME ELDERLY PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE APARTMENTS FOR LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clark West President | OfficerTrustee | 3 | $0 |
Virgie Lotze Vice President | OfficerTrustee | 3 | $0 |
Kathy Vanlandingham Secretary | OfficerTrustee | 3 | $0 |
Mark Baldwin Director | Trustee | 3 | $0 |
Sarah Bates Halcott Director | Trustee | 3 | $0 |
Gladys Mcneal Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $38,447 |
| 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 | $38,447 |
| Total Program Service Revenue | $47,734 |
| Investment income | $6 |
| 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 | $86,533 |
| 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 | $19,890 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,552 |
| Payroll taxes | $1,583 |
| Fees for services: Management | $6,033 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,968 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,422 |
| 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 | $32,239 |
| Insurance | $4,080 |
| All other expenses | $0 |
| Total functional expenses | $105,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,853 |
| Savings and temporary cash investments | $54,812 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $929 |
| 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 | $3,425 |
| Net Land, buildings, and equipment | $722,417 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $789,436 |
| Accounts payable and accrued expenses | $4,917 |
| Grants payable | $0 |
| Deferred revenue | $2,070 |
| 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 | $3,315 |
| Total liabilities | $10,302 |
| Net assets without donor restrictions | $779,134 |
| 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 | $789,436 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Azalea Gardens Inc has recieved totaling $9,000.
| Awarding Organization | Amount |
|---|---|
United Fund Of Cumberland County Inc Crossville, TN | | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dreamkey Partners Inc Charlotte, NC | $109,024,724 | $87,997,566 |
Christian Relief Services Charities Inc Alexandria, VA | $142,752,068 | $55,470,301 |
Horizon Development Properties Inc Charlotte, NC | $420,836,852 | $43,904,469 |
Georgia Hap Administrators Inc Atlanta, GA | $13,430,323 | $20,876,355 |
Center For The Developmentally Disabled Kansas City, MO | $14,632,501 | $18,017,450 |
Choanoke Area Development Assoc Rich Square, NC | $3,243,319 | $10,393,050 |
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Society Of St Vincent Depaul Council Of Louisville Louisville, KY | $10,950,346 | $7,888,364 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
Socayr Inc Louisville, KY | $34,945,508 | $6,749,829 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |