Centerplace Iii Inc
- Assets
- $256.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- New Albany, IN
- Founding
- 09/1999
- EIN
- 35-2073398
Organization Overview
Centerplace Iii Inc is located in New Albany, IN. The organization was established in 1999. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerplace Iii 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 undefined, Centerplace Iii Inc generated $39.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $46.7k during the year ending undefined. While expenses have increased by 0.7% per year over the past 7 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
Describe the Organization's Program Activity:
Part 3
CENTERPLACE III, INC., WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE AN 8 UNIT APARTMENT COMMUNITY IN JEFFERSONVILLE, INDIANA, KNOWN AS CENTERPLACE III APARTMENTS, PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Bates President | 0.2 | $0 | |
Jeana Bateman Vice President | 0.2 | $0 | |
Nick Clark Secretary/treasurer | 1.75 | $0 | |
Terry Stawar Director | 0.2 | $0 | |
Renee Baines Director | 0.2 | $0 | |
Joe Kimmel Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,698 |
| Total Program Service Revenue | $17,924 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $39,624 |
| Statement of Expenses | |
|---|---|
| Total expenses | $46,694 |
| Balance Sheet | |
|---|---|
| Total assets | $256,367 |
| Total liabilities | $18,823 |
| Net assets or fund balances | $237,544 |
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