Twin Pines Apartments Inc
- Assets
- $353.0k
- Revenue
- $299.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Idaho Falls, ID
- Founding
- 07/1995
- Data as of
- 10/2020
- EIN
- 82-0476202
Organization Overview
Twin Pines Apartments Inc is located in Idaho Falls, ID. The organization was established in 1995. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Twin Pines Apartments 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 10/2020, Twin Pines Apartments Inc generated $299.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $242.2k during the year ending 10/2020. 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 PLAN, CONSTRUCT, DEVELOP & MANAGE AFFORDABLE HOUSING FOR THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TWIN PINES APARTMENTS, INC. WAS CREATED FOR THE PLANNING, CONSTRUCTING, DEVELOPING, AND MANAGING AFFORDABLE HOUSING FOR THE PUBLIC. THE PROJECT OPERATES A 56-UNIT APARTMENT COMPLEX IN REXBURG, IDAHO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Harris President | OfficerTrustee | 1 | $0 |
Jake Workman Vice President | OfficerTrustee | 1 | $0 |
Dave Radford Treasurer | OfficerTrustee | 1 | $0 |
Tony Salcido Past Board Chair (thru Jul) | OfficerTrustee | 1 | $0 |
Mimi Taylor Secretary | OfficerTrustee | 1 | $0 |
Jay Doman Chief Executive Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,225 |
| Investment income | $32 |
| 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 | $299,389 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $87,059 |
| Fees for services: Legal | $90 |
| Fees for services: Accounting | $5,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $520 |
| Office expenses | $7,153 |
| Information technology | $2,863 |
| Royalties | $0 |
| Occupancy | $43,006 |
| Travel | $299 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $525 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,342 |
| Insurance | $10,452 |
| All other expenses | $0 |
| Total functional expenses | $242,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,621 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,613 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,506 |
| Total assets | $352,973 |
| Accounts payable and accrued expenses | $7,379 |
| Grants payable | $0 |
| Deferred revenue | $7,079 |
| 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 | $27,966 |
| Total liabilities | $42,424 |
| 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 |
| Total liabilities and net assets/fund balances | $310,549 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plymouth Housing Group Seattle, WA | $309,732,107 | $48,610,871 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Archdiocesan Housing Authority Seattle, WA | $126,256,041 | $25,902,954 |
Herons Key Redmond, WA | $136,208,870 | $21,024,453 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |
Habitat For Humanity International Renton, WA | $48,435,558 | $16,565,200 |
Umpqua Community Development Corporation Roseburg, OR | $52,044,965 | $9,776,284 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
Bienestar Inc Hillsboro, OR | $44,494,101 | $8,073,400 |