Council Apartments Inc
- Assets
- $2.2m
- Revenue
- $901.2k
- Investments
- $0.0
- Employees
- 0
- Location
- St Louis, MO
- Founding
- 06/1965
- Data as of
- 12/2021
- EIN
- 43-6050534
Organization Overview
Council Apartments Inc is located in St Louis, MO. The organization was established in 1965. 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. Council Apartments Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Council Apartments Inc generated $901.2k 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 $900.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HIGH QUALITY LIVING AND SERVICES TO ENABLE LOWER INCOME OLDER ADULT RESIDENTS OF THE MANAGED APARTMENT BUILDINGS TO FLOURISH INDEPENDENTLY; AND CREATE INSPIRING PROGRAMMING TO ENABLE BOTH RESIDENTS AND COMMUNITY SENIORS TO MAINTAIN AN ACTIVE AND HEALTHY LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONTINUOUS MAINTENANCE AND OPERATION OF AN APARTMENT COMPLEX FOR ELDERLY INDIVIDUALS IN UNIVERSITY CITY, MISSOURI ORIGINALLY ESTABLISHED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND SUBSIDIZED BY A CONTRACT WITH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Cohen Immediate Past President | OfficerTrustee | 0.33 | $0 |
Sally Altman President | OfficerTrustee | 0.33 | $0 |
Todd Goldenhersh Treasurer | OfficerTrustee | 0.33 | $0 |
Darryl Sagel Assistant Treasurer | OfficerTrustee | 0.33 | $0 |
Cindy Lander Wallach Secretary | OfficerTrustee | 0.33 | $0 |
Mark Rubin Vice President | OfficerTrustee | 0.33 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $218,093 |
| Government grants | $391,064 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,157 |
| Total Program Service Revenue | $299,401 |
| Investment income | $3,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,893 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $901,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $174,589 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,572 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,568 |
| Payroll taxes | $8,453 |
| Fees for services: Management | $27,452 |
| Fees for services: Legal | $1,603 |
| Fees for services: Accounting | $26,287 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $448 |
| Fees for services: Other | $0 |
| Advertising and promotion | $36 |
| Office expenses | $22,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,016 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,791 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,986 |
| Insurance | $75,324 |
| All other expenses | $2,950 |
| Total functional expenses | $900,759 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,523 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $328,930 |
| 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 | $28,311 |
| Net Land, buildings, and equipment | $1,323,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $373,142 |
| Total assets | $2,204,340 |
| Accounts payable and accrued expenses | $640,805 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $29,169 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $669,974 |
| Net assets without donor restrictions | $1,316,273 |
| Net assets with donor restrictions | $218,093 |
| 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 | $2,204,340 |
Grants Awarded
Over the last fiscal year, Council Apartments Inc has awarded $174,589 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
St Louis, MO PURPOSE: PPP LOAN ALLOCATION AMOUNT FOR RELATED ORGANIZATION | $119,108 |
St Louis, MO PURPOSE: PPP LOAN ALLOCATION AMOUNT FOR RELATED ORGANIZATION | $55,481 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tallgrass Creek Inc Overland Park, KS | $320,564,283 | $44,877,675 |
Montereau Inc Tulsa, OK | $185,837,162 | $41,785,985 |
Immanuel Retirement Communities Omaha, NE | $159,357,540 | $36,993,278 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Ashfield Active Living And Wellness Communities Inc Wichita, KS | $146,263,664 | $27,107,556 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |
Moosehaven Inc Mooseheart, IL | $55,843,533 | $19,375,610 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |