Heritage Place Phase Iii Inc

Organization Overview

Heritage Place Phase Iii Inc is located in Coeur Dalene, ID. The organization was established in 2005. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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.

For the year ending 12/2019, Heritage Place Phase Iii Inc generated $133.4k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $198.9k during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY. THE PROJECT IS A U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SUBSIDIZED SECTION 202 PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HERITAGE PLACE PHASE III IS AN IDAHO NONPROFIT CORPORATION OPERATING AN ELDERLY HOUSING COMPLEX CONSISTING OF 25 UNITS ON A YEAR ROUND BASIS SUBSIDIZED UNDER SECTION 202. AS SUCH IT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT DEPENDS ON ECONOMIC ASSISTANCE FROM HUD IN THE FORM OF RENTAL SUPPLEMENTS TO ASSIST IN MEETING OPERATING EXPENSES OF THE PROJECT. THE PROJECT WAS ALMOST 100% OCCUPIED DURING THE YEAR. THIS SPEAKS OF THE GREAT NEED FOR SUCH PROJECTS IN THE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Doug Elliot
Vice President
$0
Mark Jackson
Secretary
$0
Benjamin Widmyer
Treasurer
$0
Linda Scharnhorst
President
$0
Ann Johnson
Executive Dir.
$0
Pamela Arnold
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $45,309
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$45,309
Total Program Service Revenue$87,095
Investment income $1,012
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 $133,416

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