Mount Vernon Manor Annex
- Assets
- $2.5m
- Revenue
- $156.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Mount Vernon, WA
- Founding
- Data as of
- 06/2022
- EIN
- 86-1208157
Organization Overview
Mount Vernon Manor Annex is located in Mount Vernon, WA. Mount Vernon Manor Annex 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 06/2022, Mount Vernon Manor Annex generated $156.9k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $181.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AFFORDABLE HOUSING TO SENIORS IN THE MOUNT VERNON AREA
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOUNT VERNON MANOR ANNEX PROVIDES ELIGIBLE SENIORS AFFORDABLE HOUSING THROUGH A 16 UNIT LOW-INCOME ELDERLY HOUSING COMPLEX REFERRED TO AS THE ANNEX.
MOUNT VERNON MANOR ANNEX IS DEVELOPING AFFORDABLE HOUSING IN THE MOUNT VERNON AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Vandermey President | OfficerTrustee | 8 | $0 |
Tom Theisen Vice President | OfficerTrustee | 2 | $0 |
Terry Schaberg Secretary | OfficerTrustee | 2 | $0 |
Jim Koetje Treasurer | OfficerTrustee | 2 | $0 |
Krystal Kothe Director | Trustee | 2 | $0 |
April Axthelm Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,932 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,432 |
| Total Program Service Revenue | $150,370 |
| Investment income | $145 |
| 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 | $156,947 |
| 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 | $19,222 |
| Fees for services: Legal | $1,609 |
| Fees for services: Accounting | $6,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $2,330 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,230 |
| Insurance | $4,198 |
| All other expenses | $315 |
| Total functional expenses | $181,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $153,140 |
| Savings and temporary cash investments | $299,658 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,064,492 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,517,290 |
| Accounts payable and accrued expenses | $5,552 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,000 |
| 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 | $0 |
| Total liabilities | $10,552 |
| Net assets without donor restrictions | $2,506,738 |
| 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 | $2,517,290 |
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