Friendly Valley Apts Inc
- Assets
- $90.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Algona, IA
- Founding
- 11/1978
- Data as of
- 12/2021
- EIN
- 42-1089709
Organization Overview
Friendly Valley Apts Inc is located in Algona, IA. The organization was established in 1978. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Friendly Valley 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 12/2021, Friendly Valley Apts Inc generated $45.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $44.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW RENT HOUSING FOR THE ELDERLY, DISABLED, AND FAMILIES IN THE STEAMBOAT ROCK COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave Mull President | 0 | $0 | |
Ed Bear Jr Secretary/treasurer | 0 | $0 | |
Jim Van Eschen Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $44,570 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,017 |
| Total Revenue | $45,587 |
| 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 | $4,595 |
| Occupancy, rent, utilities, and maintenance | $27,932 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,397 |
| Total expenses | $44,924 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,685 |
| Other assets | $0 |
| Total assets | $90,610 |
| Total liabilities | $51,620 |
| Net assets or fund balances | $38,990 |
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