St Marks Towers Inc

Organization Overview

St Marks Towers Inc is located in Brunswick, GA. The organization was established in 1979. 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. As of 09/2022, St Marks Towers Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Marks Towers 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 09/2022, St Marks Towers Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.7m during the year ending 09/2022. While expenses have increased by 1.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HOUSING FOR THE ELDERLY AND ELDERLY HANDICAPPED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE HOUSING TO THE ELDERLY AND ELDERLY HANDICAPPED IN THE LOW INCOME TO EXTREMELY LOW INCOME BRACKETS. ONE HUNDRED FIFTY UNITS ARE AVAILABLE FOR RENT.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$177,175
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$177,175
Total Program Service Revenue$1,780,786
Investment income $113
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$21,926
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,952,288

Grants Recieved

Over the last fiscal year, we have identified 1 grants that St Marks Towers Inc has recieved totaling $25,000.

Awarding OrganizationAmount
St Marys United Methodist Church Foundation Inc

Saint Marys, GA

PURPOSE: MATERIALS FOR PRGM & NEW POSITION

$25,000
View Grant Recipient Profile

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