Fairview Terrace Inc
- Assets
- $958.3k
- Revenue
- $54.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Muskogee, OK
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 26-4591162
Organization Overview
Fairview Terrace Inc is located in Muskogee, OK. The organization was established in 2010. 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. Fairview Terrace Inc 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, Fairview Terrace Inc generated $54.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $86.6k during the year ending 12/2021. While expenses have increased by 0.4% 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
TO PROVIDE SAFE, AFFORDABLE HOUSING HOUSING FOR LOW INCOME AND ELDERLY THRU THE USE OF HUD'S SECTION 202 PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE ORGANIZATION IS TO OWN, MAINTAIN, OPERATE, MANAGE, IMPROVE, LEASED, AND RENT APARTMENTS TO QUALIFIED PERSONS AND/OR FAMILIES AS PUBLIC HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blake Farris Executive Director | Officer | 0 | $0 |
Bonita Gay Vice Chairman | Trustee | 0 | $0 |
Faye Watts Member | Trustee | 0 | $0 |
Gary Dunlap Member | Trustee | 0 | $0 |
Muriel Saunders Chairman | Trustee | 0 | $0 |
Alice Smith Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,282 |
| 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 | $22,282 |
| Total Program Service Revenue | $31,684 |
| Investment income | $35 |
| 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 | $54,001 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,145 |
| Pension plan accruals and contributions | $669 |
| Other employee benefits | $1,669 |
| Payroll taxes | $764 |
| Fees for services: Management | $5,722 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,645 |
| 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 | $2,229 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,286 |
| 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 | $29,563 |
| Insurance | $5,895 |
| All other expenses | $0 |
| Total functional expenses | $86,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,050 |
| Savings and temporary cash investments | $40,238 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $44 |
| 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 | $4,750 |
| Net Land, buildings, and equipment | $912,196 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $958,278 |
| Accounts payable and accrued expenses | $4,840 |
| 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 | $1,151,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,397 |
| Total liabilities | $1,159,937 |
| Net assets without donor restrictions | -$201,659 |
| 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 | $958,278 |
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|---|---|---|
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Methodist Retirement Communities The Woodlands, TX | $7,196,383 | $10,481,539 |
Affordable Community Housing Trust Edmond, OK | $11,053,886 | $6,287,831 |
Methodist Retirement Communities The Woodlands, TX | $1,383,827 | $8,016,852 |
Senior Housing Options Inc Denver, CO | $21,743,725 | $6,799,591 |
Ascension Living Via Christi Village Georgetown St Louis, MO | $14,604,169 | $4,861,607 |
Friends Of Kansas Christian Home Inc Newton, KS | $5,987,619 | $6,752,198 |
Amigos Del Valle Inc Edinburg, TX | $6,723,753 | $7,874,646 |
Lee Bivins Foundation Amarilllo, TX | $10,469,619 | $2,891,969 |
Temple Heights Manor Ii Kansas City, MO | $0 | $0 |