Elm Manor Homes
- Assets
- $1.1m
- Revenue
- $383.1k
- Investments
- $0.0
- Employees
- 7
- Location
- Roanoke, VA
- Founding
- 09/1983
- Data as of
- 10/2022
- EIN
- 54-1236735
Organization Overview
Elm Manor Homes is located in Roanoke, VA. The organization was established in 1983. According to its NTEE Classification (N99) the organization is classified as: Recreation & Sports N.E.C., under the broad grouping of Recreation & Sports and related organizations. As of 10/2022, Elm Manor Homes employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elm Manor Homes 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 10/2022, Elm Manor Homes generated $383.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $350.1k during the year ending 10/2022. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE QUALIFYING LOW-INCOME ELDERLY AND MENTALLY HANDICAPPED PERSONS WITH AFFORDABLE LOW-INCOME HOUSING AND SERVICES WITH SECTION 8 HOUSING ASSISTANCE ON A NON-PROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES FEDERALLY ASSISTED LOW INCOME HOUSING FACILITIES TO ELDERLY AND/OR HANDICAPPED PERSONS. THE ORGANIZATION OPERATES A 23 UNIT APARTMENT COMPLEX FOR THE ELDERLY AND A 15 UNIT APARTMENT FOR THE CHRONICALLY MENTALLY ILL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anderson Douthat IV Treasurer | OfficerTrustee | 0.5 | $0 |
Wayles Dandridge 1st Vice President | OfficerTrustee | 0.5 | $0 |
Thomas R Schroeder President | OfficerTrustee | 1 | $0 |
Ken Robison Trustee - St. John's Episc | Trustee | 0.5 | $0 |
Thomas Bass Sr. Warden | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,403 |
| 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 | $36,403 |
| Total Program Service Revenue | $355,584 |
| Investment income | $103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,027 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $383,063 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,688 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,122 |
| Payroll taxes | $3,650 |
| Fees for services: Management | $25,693 |
| Fees for services: Legal | $133 |
| Fees for services: Accounting | $12,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,928 |
| Office expenses | $21,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,466 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,652 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,681 |
| Insurance | $28,008 |
| All other expenses | $3,072 |
| Total functional expenses | $350,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,512 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,467 |
| 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 | $12,996 |
| Net Land, buildings, and equipment | $884,546 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,514 |
| Total assets | $1,054,035 |
| Accounts payable and accrued expenses | $10,960 |
| Grants payable | $0 |
| Deferred revenue | $1,690 |
| 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 | $714,671 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,125 |
| Total liabilities | $736,446 |
| Net assets without donor restrictions | $317,589 |
| 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 | $1,054,035 |
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