Licking Arc Apartments Inc
- Assets
- $294.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Blacklick, OH
- Founding
- 02/1993
- Data as of
- 12/2023
- EIN
- 31-1366021
Organization Overview
Licking Arc Apartments Inc is located in Blacklick, OH. The organization was established in 1993. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Licking Arc Apartments 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 12/2023, Licking Arc Apartments Inc generated $106.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $107.3k during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
PROVIDE HOUSING FOR ELDERLY AND LOW-INCOME INDIVIDUALS WITH MOBILITY DISABILITIES. OPERATE A 10-UNIT APARTMENT COMMUNITY UNDER SEC 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1959, AS AMENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel L Hunt President | 1 | $0 | |
Joel King Vice-President | 1 | $0 | |
Kelton Waller Secretary | 1 | $0 | |
Jay C Finklea Member | 0.5 | $0 | |
Stan E Ford Member | 0.5 | $0 | |
Robert Glover Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,235 |
| Total Program Service Revenue | $32,021 |
| Membership dues | $0 |
| Investment income | $2,672 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $106,928 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $33,028 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $74,289 |
| Total expenses | $107,317 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $39,666 |
| Other assets | $0 |
| Total assets | $294,505 |
| Total liabilities | $589,657 |
| Net assets or fund balances | -$295,152 |