Murray Ridge Housing Corporation

Organization Overview

Murray Ridge Housing Corporation is located in Elyria, OH. The organization was established in 1993. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Murray Ridge Housing Corporation 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 12/2022, Murray Ridge Housing Corporation generated $401.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $458.2k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION EXISTS FOR THE PURPOSE OF DEVELOPING AFFORDABLE HOUSING FOR PERSONS WITH DEVELOPMENTAL DISABILITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTAIN AFFORDABLE HOUSING FOR THE DEVELOPMENTALLY DISABLED


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Board, Officers & Key Employees

Name (title)Compensation
Pete Barth
Treasurer
$0
Jerry Vessalo
President
$0
Tim Mclaughlin
Secretary
$0
Pete Shilling
Vice-President
$0
Ken Oswald
Member
$0
Jackie Meinke
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,736
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,736
Total Program Service Revenue$396,840
Investment income $0
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 $401,576

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