Sioux Rapids Retirement Homes
- Assets
- $76.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 03/1978
- Data as of
- 12/2022
- EIN
- 42-1082319
Organization Overview
Sioux Rapids Retirement Homes is located in Algona, IA. The organization was established in 1978. 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. Sioux Rapids Retirement Homes 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, Sioux Rapids Retirement Homes generated $133.4k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $126.1k during the year ending 12/2022. While expenses have increased by 1.6% 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. RENT IS BASED ON 30% OF THE APPLICANT'S YEARLY INCOME WITH THE REMAINDER SUBSIDIZED BY USDA/RURAL DEVELOPMENT. THIS ORGANIZATION MADE IT POSSIBLE FOR 24 FAMILIES TO FIND SAFE AND AFFORDABLE HOUSING IN SIOUX RAPIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Porter President | 0 | $0 | |
Lynda Swanson Vice President | 0 | $0 | |
Jo Edwardson Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $130,728 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $2,664 |
| Total Revenue | $133,399 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $3,503 |
| Professional fees and other payments to independent contractors | $16,078 |
| Occupancy, rent, utilities, and maintenance | $83,555 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $22,958 |
| Total expenses | $126,094 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,162 |
| Other assets | $0 |
| Total assets | $76,073 |
| Total liabilities | $56,242 |
| Net assets or fund balances | $19,831 |