Centennial Village Corporation is located in Mesa, AZ. The organization was established in 1981. According to its NTEE Classification (A84) the organization is classified as: Commemorative Events, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Centennial Village Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centennial Village Corporation 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 12/2023, Centennial Village Corporation generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. 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
THE ORGANIZATIONS ONLY MISSION, AS OUTLINED IN ITS ARTICLES OF INCORPORATION, IS TO PROVIDE A SAFE, COMFORTABLE, AND AFFORDABLE APARTMENT COMMUNITY FOR SENIOR ADULTS, 62 YEARS AND OLDER, WITH THE ASSISTANCE OF FUNDING THROUGH A CONTRACT WITH HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS NONPROFIT STATUS, AND SUPPORT FROM ITS FEDERAL HOUSING CONTRACTS, HAVE ALLOWED THE ORGANIZATION TO CARRY OUT THE SINGLE PURPOSE OF PROVIDING HOUSING FOR LOW-INCOME SENIORS. ALL OF THE SECTION 8 INCOME IS DEDICATED TO THIS PROGRAM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Matt Cheney President And CEO | OfficerTrustee | 60 | $317,578 |
Craig Cheney Executive Chairman | Trustee | 40 | $219,611 |
Judi Ward Director | Trustee | 1 | $0 |
Jerry Ferguson Secretary | OfficerTrustee | 1 | $0 |
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 | $2,174,673 |
Investment income | $6,889 |
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 | $2,181,562 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,934,593 |
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. | $537,189 |
Compensation of current officers, directors, key employees. | $63,516 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $265,837 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $72,054 |
Payroll taxes | $47,478 |
Fees for services: Management | $0 |
Fees for services: Legal | $5,479 |
Fees for services: Accounting | $14,195 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,000 |
Office expenses | $41,993 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $276,800 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $395 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $60,532 |
Insurance | $64,205 |
All other expenses | $11,926 |
Total functional expenses | $4,887,907 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $178,342 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,358 |
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 | $200,950 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,024,679 |
Total assets | $9,408,329 |
Accounts payable and accrued expenses | $58,388 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $9,020,525 |
Total liabilities | $9,078,913 |
Net assets without donor restrictions | $329,416 |
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 | $9,408,329 |
Over the last fiscal year, Centennial Village Corporation has awarded $8,959,726 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
130 WEST BROWN ROAD LLC PURPOSE: Low-income housing to be leased back | $7,200,000 |
CENTURY FUND CORPORATION | | | $1,759,726 |