G C A R C Housing Inc
- Assets
- $254.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Evansville, IN
- Founding
- 10/1991
- Data as of
- 06/2023
- EIN
- 35-1793391
Organization Overview
G C A R C Housing Inc is located in Evansville, IN. The organization was established in 1991. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. G C A R C Housing 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 06/2023, G C A R C Housing Inc generated $94.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $109.4k during the year ending 06/2023. While expenses have increased by 3.4% per year over the past 4 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
THE ORGANIZATION OWNS AND OPERATES A 12 UNIT LOW-INCOME APARTMENT COMPLEX PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND PROVIDES AFFORDABLE HOUSING TO LOW-INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Kolb President | 0.5 | $0 | |
Margaret Hughes Secretary/treasurer | 0.5 | $0 | |
Sandra Nixon Director | 0.5 | $0 | |
Clara Mae Welp Director | 0.5 | $0 | |
Dan Cockrum Director | 0.5 | $0 | |
Ted Brown Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,488 |
| Total Program Service Revenue | $28,027 |
| Membership dues | $0 |
| Investment income | $3 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $5,075 |
| Total Revenue | $94,593 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $18,287 |
| Professional fees and other payments to independent contractors | $6,609 |
| Occupancy, rent, utilities, and maintenance | $26,251 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $58,249 |
| Total expenses | $109,396 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $4,386 |
| Other assets | $0 |
| Total assets | $254,186 |
| Total liabilities | $640,050 |
| Net assets or fund balances | -$385,864 |