Parc Apartments Project Inc
- Assets
- $361.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Peoria, IL
- Founding
- 05/1997
- Data as of
- 06/2024
- EIN
- 36-4128726
Organization Overview
Parc Apartments Project Inc is located in Peoria, IL. The organization was established in 1997. 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. Parc Apartments Project 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 06/2024, Parc Apartments Project Inc generated $68.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $74.9k during the year ending 06/2024. While expenses have increased by 0.0% per year over the past 6 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
2024
Describe the Organization's Program Activity:
Part 3
OPERATES A NINE UNIT APARTMENT BUILDING FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES FUNDED THROUGH A HUD 811 MORTGAGE AND SECTION 8 RENT SUBSIDY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Carlson President | 1 | $0 | |
Laura Sniff Secretary/treasurer | 1 | $0 | |
Erik Christian Director | 1 | $0 | |
Jim Sniff Director | 1 | $0 | |
Karen Whalen Director | 1 | $0 | |
Jim Corrigan Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $67,586 |
| Membership dues | $0 |
| Investment income | $1,138 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $68,724 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $15,866 |
| Occupancy, rent, utilities, and maintenance | $39,275 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,768 |
| Total expenses | $74,909 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $72,200 |
| Other assets | $0 |
| Total assets | $361,387 |
| Total liabilities | $4,834 |
| Net assets or fund balances | $356,553 |