Sunrise Apts Inc
- Assets
- $188.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 03/1975
- Data as of
- 12/2022
- EIN
- 42-0996492
Organization Overview
Sunrise Apts Inc is located in Algona, IA. The organization was established in 1975. 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. Sunrise Apts 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 12/2022, Sunrise Apts Inc generated $153.6k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $142.5k during the year ending 12/2022. While expenses have increased by 0.9% 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
2022
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES IN THE RADCLIFFE COMMUNITY.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $145,926 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $7,711 |
| Total Revenue | $153,637 |
| 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 | $10,560 |
| Occupancy, rent, utilities, and maintenance | $103,668 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $28,305 |
| Total expenses | $142,533 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,502 |
| Other assets | $0 |
| Total assets | $188,142 |
| Total liabilities | $285,741 |
| Net assets or fund balances | -$97,599 |