Wasatch Manor Inc
- Assets
- $7.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Midvale, UT
- Founding
- 02/1996
- Data as of
- 06/2021
- EIN
- 87-6125806
Organization Overview
Wasatch Manor Inc is located in Midvale, UT. The organization was established in 1996. 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. Wasatch Manor 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 06/2021, Wasatch Manor Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. While expenses have increased by 4.3% per year over the past 6 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
LOW INCOME HOUSING FOR ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS. APPROXIMATELY 200 OR MORE INDIVIDUALS WERE BENEFITED DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roy Corsi President | OfficerTrustee | 0 | $0 |
Trudy Henderson Secretary | OfficerTrustee | 0 | $0 |
Warren Brodhead Board Member | Trustee | 0 | $0 |
Rick Olsen Board Member | Trustee | 0 | $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 | $2,167,803 |
| Investment income | $155 |
| 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 | $2,167,958 |
| 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 | $119,232 |
| Fees for services: Legal | $1,340 |
| Fees for services: Accounting | $44,891 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,503 |
| Office expenses | $30,170 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $185,507 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,647 |
| Interest | $273,861 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $460,446 |
| Insurance | $43,499 |
| All other expenses | $151,278 |
| Total functional expenses | $2,043,425 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,547 |
| Savings and temporary cash investments | $682,190 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,959 |
| 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 | $51,091 |
| Net Land, buildings, and equipment | $6,221,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $40,166 |
| Total assets | $7,064,490 |
| Accounts payable and accrued expenses | $58,871 |
| Grants payable | $0 |
| Deferred revenue | $1,331 |
| 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 | $5,635,705 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,202 |
| Total liabilities | $5,767,109 |
| Net assets without donor restrictions | $1,297,381 |
| 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 | $7,064,490 |
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