Willow Tree Apartments Inc
- Assets
- $366.6k
- Revenue
- $236.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Clay City, IN
- Founding
- 06/2019
- Data as of
- 12/2021
- EIN
- 83-3487947
Organization Overview
Willow Tree Apartments Inc is located in Clay City, IN. The organization was established in 2019. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Willow Tree Apartments Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willow Tree 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 12/2021, Willow Tree Apartments Inc generated $236.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 26.3% each year . All expenses for the organization totaled $241.6k during the year ending 12/2021. While expenses have increased by 33.3% per year over the past 3 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 PROVIDE AFFORADBLE HOUSING FOR ELDERLY AND DISABLED RESISDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING AFFORDABLE HOUSING FOR THE ELDERLY AND DISABLED. THE PROJECT MAINTAINED OCCUPANCY RATES GREATER THAN 95% DURING THE YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alicia Jacobs President | Officer | 20 | $46,648 |
Tammy Tiefel Trustee/dire | Trustee | $15,903 | |
Michael Jacobs Trustee/dire | Trustee | $13,005 |
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 | $233,948 |
| Investment income | $2,080 |
| 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 | $236,028 |
| 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 | $91,979 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80 |
| Fees for services: Accounting | $1,397 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,359 |
| Office expenses | $5,827 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $40,948 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $13,987 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,085 |
| Insurance | $12,844 |
| All other expenses | $7,971 |
| Total functional expenses | $241,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,310 |
| Savings and temporary cash investments | $54,235 |
| 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 | $39,778 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $258,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,445 |
| Other assets | $0 |
| Total assets | $366,644 |
| Accounts payable and accrued expenses | $0 |
| 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 | $266,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,639 |
| Total liabilities | $328,994 |
| Net assets without donor restrictions | $37,650 |
| 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 | $366,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
All Chicago Making Homelessness History Chicago, IL | $31,255,730 | $72,080,478 |
Ozark Tri-County Health Care Consortium Neosho, MO | $16,683,948 | $25,504,215 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |
Ahepa Affordable Housing Management Company Inc Fishers, IN | $29,875,447 | $8,886,631 |
Justine Petersen Housing And Reinvestment Corporation Saint Louis, MO | $49,338,747 | $7,649,655 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |
Appalachian Foothills Housing Agency Incorporated Wurtland, KY | $1,707,535 | $4,881,556 |