Palmyra Rural Rental Housing Inc
- Assets
- $288.3k
- Revenue
- $173.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Palmyra, MO
- Founding
- 03/1977
- Data as of
- 12/2022
- EIN
- 43-1064868
Organization Overview
Palmyra Rural Rental Housing Inc is located in Palmyra, MO. The organization was established in 1977. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Palmyra Rural Rental Housing Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palmyra Rural Rental Housing 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, Palmyra Rural Rental Housing Inc generated $173.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $167.8k during the year ending 12/2022. While expenses have increased by 1.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING FOR SENIOR CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOUSING FOR ELDERLY INDIVIDUALS IN NORTHEAST MISSOURI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelley Smith Site Manager / Treasurer | Officer | 20 | $15,606 |
Kurt Hillman President | OfficerTrustee | 5 | $0 |
Patty Cheffey Vice President | OfficerTrustee | 5 | $0 |
Theresa Kindhart Secretary | Trustee | 5 | $0 |
Donna Hetheriton Member | Trustee | 5 | $0 |
Irene Brown Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,500 |
| Total Program Service Revenue | $161,110 |
| Investment income | $47 |
| 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 | $173,739 |
| 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. | $15,606 |
| Compensation of current officers, directors, key employees. | $15,606 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,471 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $584 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,245 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $630 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,184 |
| Insurance | $21,264 |
| All other expenses | $840 |
| Total functional expenses | $167,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,709 |
| Savings and temporary cash investments | $46,909 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $229,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $288,299 |
| Accounts payable and accrued expenses | $0 |
| 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 | $94,078 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,717 |
| Total liabilities | $104,795 |
| Net assets without donor restrictions | $183,504 |
| 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 | $288,299 |
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