Centennial Village Corporation
- Assets
- $2.7m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Mesa, AZ
- Founding
- 08/1981
- Data as of
- 12/2021
- EIN
- 95-3272900
Organization Overview
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 12/2021, 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 12/2021, Centennial Village Corporation generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 1.3% 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Cheney Vice-President | OfficerTrustee | 60 | $211,132 |
Craig Cheney President And CEO | OfficerTrustee | 40 | $210,853 |
Sally Worthington Treasurer | OfficerTrustee | 1 | $0 |
Jerry Ferguson Secretary | OfficerTrustee | 1 | $0 |
Judi Ward Director | 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 | $2,052,782 |
| Investment income | $853 |
| 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 | $2,053,635 |
| 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. | $205,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $410,404 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,216 |
| Payroll taxes | $38,331 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,820 |
| Fees for services: Accounting | $13,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $31,208 |
| 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 | $176,459 |
| Insurance | $64,563 |
| All other expenses | $1,823 |
| Total functional expenses | $1,553,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,357,202 |
| Savings and temporary cash investments | $0 |
| 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 | $4,034 |
| Net Land, buildings, and equipment | $1,319,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,609 |
| Total assets | $2,736,905 |
| Accounts payable and accrued expenses | $45,588 |
| 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 | $55,156 |
| Total liabilities | $100,744 |
| Net assets without donor restrictions | $2,636,161 |
| 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 | $2,736,905 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americas Freedom Festival Inc Provo, UT | $1,409,210 | $3,032,009 |
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