Pioneer Memorial Manors Incorporated is located in Spearfish, SD. The organization was established in 1964. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, Pioneer Memorial Manors Incorporated generated $355.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.8% each year . All expenses for the organization totaled $376.7k during the year ending 09/2019. While expenses have increased by 28.2% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HUD SUBSIDIZED HOUSING FOR PERSONS OF THE AREA WITH LOW AND MODERATE INCOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PIONEER MEMORIAL MANOR WAS FORMED TO PROVIDE AND OPERATE HUD SUBSIDIZED RENTAL HOUSING FOR ELIGIBLE ELDERLY OCCUPANTS OF THE AREA WITH LOW AND MODERATE INCOMES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Darrin Donat President | OfficerTrustee | 2 | $0 |
Julie Rice Vice President | OfficerTrustee | 1 | $0 |
Paul Pankonin Secretary-Treasurer | OfficerTrustee | 1 | $0 |
Bryan Walker Director | Trustee | 1 | $0 |
Terry Caudill Director | Trustee | 1 | $0 |
Larry Klarenbeek Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $1,643 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $24,000 |
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 | $355,261 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $52,081 |
Fees for services: Legal | $1,137 |
Fees for services: Accounting | $5,147 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $25,116 |
Advertising and promotion | $53 |
Office expenses | $2,498 |
Information technology | $1,617 |
Royalties | $0 |
Occupancy | $69,996 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $24,251 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $56,589 |
Insurance | $21,731 |
All other expenses | $0 |
Total functional expenses | $376,654 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $264,188 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $2,000 |
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 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $224 |
Total assets | $863,853 |
Accounts payable and accrued expenses | $24,029 |
Grants payable | $0 |
Deferred revenue | $8,741 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $24,641 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $506,608 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $564,019 |
Net assets without donor restrictions | $299,834 |
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 |
Total liabilities and net assets/fund balances | $299,834 |
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