Marion Town House Apts Inc is located in Marion, SD. The organization was established in 1974. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Marion Town House Apts 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, Marion Town House Apts Inc generated $92.5k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $83.7k during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 5 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
HOUSING FOR LOW INCOME HOUSEHOLDS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glen Rapp President | 0 | $0 | |
Barclay Smith Vice Preside | 0 | $0 | |
Chuck Luke Director | 0 | $0 | |
Rick Waltner Director | 0 | $0 | |
Shirley Deckert Secretary/tr | 0 | $0 | |
Dennis Borgers Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $92,372 |
| Membership dues | $0 |
| Investment income | $83 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,455 |
| 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 | $27,661 |
| Occupancy, rent, utilities, and maintenance | $27,250 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,818 |
| Total expenses | $83,729 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,984 |
| Other assets | $0 |
| Total assets | $105,012 |
| Total liabilities | $39,067 |
| Net assets or fund balances | $65,945 |