Rdoor Housing Corporation
- Assets
- $459.6k
- Revenue
- $190.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 05/1990
- Data as of
- 06/2023
- EIN
- 35-1784190
Organization Overview
Rdoor Housing Corporation is located in Indianapolis, IN. The organization was established in 1990. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Rdoor 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 06/2023, Rdoor Housing Corporation generated $190.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $184.3k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED BY HUD. RENTS ARE SUBSIDIZED BY HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED LOW INCOME HOUSING TO THE ELDERLY. TENANT RENTS WERE APPPROVED AND SUBSIDIZED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Petrie President/secretary | OfficerTrustee | 0 | $0 |
Bruce R Baird Vice-President/treasurer | OfficerTrustee | 0 | $0 |
Thomas Marendt Director | Trustee | 0 | $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 | $182,822 |
| Investment income | $7,442 |
| 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 | $190,264 |
| 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 | $30,012 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $755 |
| Payroll taxes | $2,418 |
| Fees for services: Management | $12,569 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,794 |
| 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 | $20,309 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $4,182 |
| Insurance | $7,578 |
| All other expenses | $4,639 |
| Total functional expenses | $184,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,492 |
| Savings and temporary cash investments | $4,661 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,849 |
| 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 | $8,981 |
| Net Land, buildings, and equipment | $190,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $194,971 |
| Total assets | $459,628 |
| Accounts payable and accrued expenses | $73,938 |
| Grants payable | $0 |
| Deferred revenue | $603 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $16,171 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,603 |
| Total liabilities | $95,315 |
| Net assets without donor restrictions | -$539,467 |
| Net assets with donor restrictions | $903,780 |
| 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 | $459,628 |