Skyline Towers Inc
- Assets
- $1.4m
- Revenue
- $622.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Casper, WY
- Founding
- 05/1967
- Data as of
- 12/2021
- EIN
- 83-6007646
Organization Overview
Skyline Towers Inc is located in Casper, WY. 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 12/2021, Skyline Towers Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skyline Towers 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 12/2021, Skyline Towers Inc generated $622.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $687.7k during the year ending 12/2021. While expenses have increased by 3.2% 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 PROVIDE 101 LOW INCOME APARTMENTS FOR ELDERLY AND DISABLED PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 101 LOW INCOME APARTMENTS FOR ELDERLY AND DISABLED PERSONS. PARKING SPACES, LAUNDRY FACILITIES, AND CABLE TELEVISION ARE PROVIDED FOR THESE TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randy Knudson Project Manager | Trustee | 40 | $86,064 |
Steve Mcginty Board Member | Trustee | 1 | $0 |
Charlie Dockham President | Trustee | 1 | $0 |
Doug Thomas Director | Trustee | 1 | $0 |
Scott Hampton Vice President | Trustee | 1 | $0 |
Hampton Young Board Member | 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 | $594,986 |
| Investment income | $36 |
| 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 | $622,420 |
| 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. | $86,064 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $11,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,800 |
| Office expenses | $27,595 |
| 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 | $62,336 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $107,483 |
| Insurance | $16,255 |
| All other expenses | $17,187 |
| Total functional expenses | $687,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,770 |
| Savings and temporary cash investments | $422,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,100 |
| 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 | $8,201 |
| Net Land, buildings, and equipment | $868,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $26,512 |
| Other assets | $0 |
| Total assets | $1,408,785 |
| Accounts payable and accrued expenses | $4,734 |
| Grants payable | $0 |
| Deferred revenue | $1,000 |
| 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 | $1,361,592 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,265 |
| Total liabilities | $1,417,591 |
| Net assets without donor restrictions | -$8,806 |
| 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 | $1,408,785 |
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|---|---|---|
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Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |
Cedar Lake Village Inc Sioux Falls, SD | $38,142,658 | $12,975,916 |
Rocky Mountain Care-Holladay Inc Woods Cross, UT | $9,605,582 | $14,090,686 |
Christian Homes Inc Holdrege, NE | $8,366,128 | $8,435,147 |
Lodge Of Northbrook Inc Omaha, NE | $63,030,538 | $7,547,151 |
Senior Housing Options Inc Denver, CO | $21,743,725 | $6,799,591 |
Carmel Oaks Of Lakewood Omaha, NE | $0 | $5,546,544 |
Alternative Elder Living Inc Sheridan, WY | $9,432,545 | $4,997,681 |
Coffman-Levi Charitable Trust Inc Adams, NE | $8,755,557 | $5,088,987 |