Golden Homes Inc
- Assets
- $611.3k
- Revenue
- $214.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Torrington, WY
- Founding
- 12/1978
- Data as of
- 05/2024
- EIN
- 83-0232445
Organization Overview
Golden Homes Inc is located in Torrington, WY. The organization was established in 1978. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Homes 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 05/2024, Golden Homes Inc generated $214.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $213.4k during the year ending 05/2024. 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
THE NON-PROFIT ORGANIZATION WAS FORMED TO CONSTRUCT AND LEASE LOW-INCOME RENTAL HOUSING FOR THE AREA'S ELDERLY AND HANDICAPPED TENANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES LOW INCOME HOUSING TO 31 ELDERLY AND HANDICAPPED FAMILY UNITS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Franklin President | OfficerTrustee | 1 | $0 |
Cheryl Riggs Vice President | OfficerTrustee | 1 | $0 |
Terry Collins Secretary/treasurer | OfficerTrustee | 1 | $0 |
Bryan Grapes Director | Trustee | 1 | $0 |
Carolyn Haeffelin Director | Trustee | 1 | $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 | $211,996 |
| Investment income | $2,445 |
| 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 | $214,539 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $17,255 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,125 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,744 |
| Advertising and promotion | $1,372 |
| Office expenses | $3,131 |
| Information technology | $966 |
| Royalties | $0 |
| Occupancy | $64,669 |
| Travel | $1,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4 |
| Interest | $4,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,752 |
| Insurance | $18,122 |
| All other expenses | $0 |
| Total functional expenses | $213,420 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,966 |
| Savings and temporary cash investments | $149,339 |
| Pledges and grants receivable | $6,713 |
| 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 | $13,003 |
| Net Land, buildings, and equipment | $430,312 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $611,333 |
| Accounts payable and accrued expenses | $10,448 |
| Grants payable | $0 |
| Deferred revenue | $6,075 |
| 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 | $421,208 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,413 |
| Total liabilities | $455,144 |
| Net assets without donor restrictions | $156,189 |
| 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 | $611,333 |