Ebenezer Primm Towers Inc
- Assets
- $3.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Tinley Park, IL
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 36-2700973
Organization Overview
Ebenezer Primm Towers Inc is located in Tinley Park, IL. The organization was established in 1995. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Ebenezer Primm Towers 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 06/2022, Ebenezer Primm Towers Inc generated $1.3m 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 $1.4m during the year ending 06/2022. While expenses have increased by 2.0% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE FOR ELIGIBLE LOW - INCOME TENANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROJECT PROVIDES AFFORDABLE HOUSING TO ELIGIBLE LOW - INCOME TENANTS. TENANTS PAY A PORTION OF THE RENT BASED ON THEIR ABILITY TO PAY AS DETERMINED PURSUANT TO HUD GUIDELINES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Deborah Scott President | OfficerTrustee | 1 | $0 |
Monica Martin Vice President | OfficerTrustee | 1 | $0 |
Ann Wilson Secretary | OfficerTrustee | 1 | $0 |
Carolyn Wharton Treasurer | OfficerTrustee | 1 | $0 |
Burvin Saunders Director | Trustee | 1 | $0 |
Phoebe Bradford Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $40 |
| 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 | $1,298,541 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $166,326 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,828 |
| Payroll taxes | $20,987 |
| Fees for services: Management | $93,732 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,037 |
| 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 | $71,622 |
| 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 | $248,653 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,895 |
| Insurance | $50,059 |
| All other expenses | $0 |
| Total functional expenses | $1,371,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,009 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,794 |
| 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 | $163,985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $143,999 |
| Other assets | $342,542 |
| Total assets | $3,156,402 |
| Accounts payable and accrued expenses | $69,510 |
| 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 | $6,321,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,157 |
| Total liabilities | $6,424,851 |
| Net assets without donor restrictions | -$3,268,449 |
| 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 |
| Total liabilities and net assets/fund balances | -$3,268,449 |