Preston Manor Inc is located in Lowden, IA. The organization was established in 1976. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, 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. Preston Manor 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 12/2023, Preston Manor Inc generated $94.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $83.7k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
N/A
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Kilburg Secretary | 0 | $0 | |
Steve Ritenour President | 0 | $0 | |
Mark Kilburg Director | 0 | $0 | |
Kenneth Anderson Director | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $11,932 |
| Membership dues | $0 |
| Investment income | $56,097 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $26,025 |
| Total Revenue | $94,054 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $69,999 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,691 |
| Total expenses | $83,690 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,642 |
| Other assets | $0 |
| Total assets | $340,304 |
| Total liabilities | $346,046 |
| Net assets or fund balances | -$5,742 |