Kiwanis Village Of Owosso Inc
- Assets
- $400.6k
- Revenue
- $242.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Owosso, MI
- Founding
- 12/1966
- Data as of
- 12/2021
- EIN
- 38-6113830
Organization Overview
Kiwanis Village Of Owosso Inc is located in Owosso, MI. The organization was established in 1966. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kiwanis Village Of Owosso Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Kiwanis Village Of Owosso Inc generated $242.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $247.8k during the year ending 12/2021. While expenses have increased by 2.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE RENTAL HOUSING AND RELATED SERVICES AND FACILITIES FOR ELDERLY FAMILIES AND ELDERLY PERSONS ON A NON-PROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE APARTMENT COMPLEX AND PROVIDE APARTMENT UNITS TO SENIOR CITIZENS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Teich Jr President | OfficerTrustee | 0.25 | $0 |
Jack Wing Secretary | OfficerTrustee | 0.25 | $0 |
Charles Kincaid Treasurer | OfficerTrustee | 0.25 | $0 |
Gary Gosaynie Director | Trustee | 0.25 | $0 |
Cheryl Warren Director | Trustee | 0.25 | $0 |
Jim Sutphen Director | Trustee | 0.25 | $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 | $236,636 |
| Investment income | $480 |
| 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 | $242,752 |
| 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 | $35,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,600 |
| Payroll taxes | $2,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160 |
| Advertising and promotion | $612 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $145,384 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $284 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,667 |
| Insurance | $19,176 |
| All other expenses | $0 |
| Total functional expenses | $247,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,392 |
| Savings and temporary cash investments | $54,242 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370 |
| 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 | $12,737 |
| Net Land, buildings, and equipment | $208,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,438 |
| Total assets | $400,579 |
| Accounts payable and accrued expenses | $17,434 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,438 |
| Total liabilities | $41,872 |
| Net assets without donor restrictions | $358,707 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $400,579 |
Endowment Analysis
| Beg. Balance | $86,730 |
| Earnings | $45 |
| Net Contributions | $22,800 |
| Other Expense | $12,316 |
| Ending Balance | $97,259 |
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