Sunshine Of Warren-Trumbull Area Inc
- Assets
- $700.9k
- Revenue
- $387.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Warren, OH
- Founding
- 08/1993
- Data as of
- 12/2022
- EIN
- 34-1736047
Organization Overview
Sunshine Of Warren-Trumbull Area Inc is located in Warren, OH. The organization was established in 1993. 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. As of 12/2022, Sunshine Of Warren-Trumbull Area Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunshine Of Warren-Trumbull Area 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 12/2022, Sunshine Of Warren-Trumbull Area Inc generated $387.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $453.9k during the year ending 12/2022. While expenses have increased by 5.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE, DECENT, SAFE & SANITARY HOUSING TO LOW-TO-MODERATE INCOME FAMILIES, GIVING THEM THE OPPORTUNITY TO BECOME HOMEOWNERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING RENT-LIMITED SINGLE FAMILY HOUSES FOR FAMILIES OF LOW-TO-MODERATE INCOME AS DETERMINED BY HUD REGULATIONS USING HOME FUNDS FROM THE CITY OF WARREN AND TRUMBULL COUNTY.
DEVELOPMENT AND OVERSIGHT OF AFFORDABLE HOUSING FOR FAMILIES OF LOW-TO- MODERATE INCOME AS DETERMINDED BY HUD REGULATIONS USING LOW INCOME HOUSING TAX CREDITS (LIHTC).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jehmall Davis Trustee | Trustee | 1 | $0 |
Mary Jo Moore Trustee | Trustee | 1 | $0 |
Erika Royster Vice Preside | OfficerTrustee | 1 | $0 |
Brian Angelo Secretary | Officer | 1 | $0 |
Lou Lepro Treasurer | Officer | 1 | $0 |
Gary Shaffer President | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $385,757 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $205 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,222 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $387,184 |
| 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. | $47,594 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,505 |
| Pension plan accruals and contributions | $1,258 |
| Other employee benefits | $26,348 |
| Payroll taxes | $14,658 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $755 |
| Fees for services: Accounting | $1,500 |
| 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 | $8,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,987 |
| Travel | $2,738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $534 |
| Interest | $7,897 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,644 |
| Insurance | $0 |
| All other expenses | $144,707 |
| Total functional expenses | $453,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $32,674 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $124,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $542,877 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $800 |
| Intangible assets | $0 |
| Other assets | $372 |
| Total assets | $700,923 |
| Accounts payable and accrued expenses | $104,463 |
| 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 | $1,067,673 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,172,136 |
| Net assets without donor restrictions | -$471,213 |
| 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 | $700,923 |