Garden Terrace
- Assets
- $4.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 22
- Location
- Wenatchee, WA
- Founding
- 11/1968
- Data as of
- 03/2023
- EIN
- 91-6087782
Organization Overview
Garden Terrace is located in Wenatchee, WA. The organization was established in 1968. 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. As of 03/2023, Garden Terrace employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garden Terrace 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 03/2023, Garden Terrace generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.6m during the year ending 03/2023. While expenses have increased by 0.6% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RESIDENTIAL HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL RENTAL FOR LOW-INCOME SENIOR CITIZENS UNDER SECTION 202 OF THE HOUSING ACT OF 1959. THERE ARE A TOTAL OF 146 APARTMENTS.
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 |
|---|---|---|---|
Rad Miller President | OfficerTrustee | 1 | $0 |
Paige Ahnemiller Vice President | Trustee | 1 | $0 |
Barbara Dronen Secretary/treasurer | OfficerTrustee | 1 | $0 |
Laurie Bergman Board Member | Trustee | 1 | $0 |
Kim Martin Board Member | Trustee | 1 | $0 |
Kris Deyerle Board Memeber | 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 | $14,490 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,490 |
| Total Program Service Revenue | $1,747,405 |
| Investment income | $120 |
| 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 | $1,762,021 |
| 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 | $495,025 |
| Pension plan accruals and contributions | $5,347 |
| Other employee benefits | $46,217 |
| Payroll taxes | $70,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $590 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $212,739 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $179,952 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $242,840 |
| Insurance | $72,999 |
| All other expenses | $2,791 |
| Total functional expenses | $1,625,167 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,262 |
| Savings and temporary cash investments | $388,216 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,384 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,665 |
| Prepaid expenses and deferred charges | $76,700 |
| Net Land, buildings, and equipment | $3,322,003 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $379,851 |
| Other assets | $110,803 |
| Total assets | $4,365,884 |
| Accounts payable and accrued expenses | $106,930 |
| 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 | $4,410,699 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,789 |
| Total liabilities | $4,570,418 |
| Net assets without donor restrictions | -$204,534 |
| 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 | $4,365,884 |