Lake City Retirement Housing Inc
- Assets
- $156.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 05/1973
- Data as of
- 12/2023
- EIN
- 23-7198365
Organization Overview
Lake City Retirement Housing Inc is located in Algona, IA. The organization was established in 1973. 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. Lake City Retirement Housing Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Lake City Retirement Housing Inc generated $140.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $121.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES IN LAKE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Fahan President | 0 | $0 | |
John Samuelson Vice President | 0 | $0 | |
Elaine Lietz Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $136,292 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $3,746 |
| Total Revenue | $140,038 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $16,200 |
| Occupancy, rent, utilities, and maintenance | $90,093 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $15,007 |
| Total expenses | $121,300 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $64,494 |
| Other assets | $0 |
| Total assets | $156,237 |
| Total liabilities | $106,834 |
| Net assets or fund balances | $49,403 |