Dardanelle Retirement Center
- Assets
- $502.1k
- Revenue
- $211.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Smith, AR
- Founding
- 04/1989
- Data as of
- 06/2022
- EIN
- 58-1828204
Organization Overview
Dardanelle Retirement Center is located in Fort Smith, AR. The organization was established in 1989. 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 06/2022, Dardanelle Retirement Center employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dardanelle Retirement Center 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 06/2022, Dardanelle Retirement Center generated $211.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $180.1k during the year ending 06/2022. While expenses have increased by 0.7% 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
HOUSING FOR ELDERLY/HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OWNS & OPERATES 20 LOW INCOME HOUSING UNITS FOR ELDERLY & HANDICAPPED. UNITS ARE FINANCED BY HUD & ORGANIZATION RECEIVED HUD SUBSIDIES FOR RENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Fenwick Board Member | Trustee | $0 | |
Bill Hutchinson Board Presid | OfficerTrustee | $0 | |
Michelle Sanders Secretary | OfficerTrustee | $0 | |
Powell Sanders Board Vice-P | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $156 |
| 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 | $211,285 |
| 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 | $16,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,372 |
| Fees for services: Management | $19,084 |
| Fees for services: Legal | $812 |
| Fees for services: Accounting | $7,471 |
| 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 | $4,011 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $311 |
| Interest | $26,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,878 |
| Insurance | $16,533 |
| All other expenses | $0 |
| Total functional expenses | $180,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,651 |
| Savings and temporary cash investments | $280,258 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,016 |
| 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 | $5,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $502,124 |
| Accounts payable and accrued expenses | $10,406 |
| Grants payable | $0 |
| Deferred revenue | $1,275 |
| 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 | $277,754 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,047 |
| Total liabilities | $298,482 |
| Net assets without donor restrictions | $203,642 |
| 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 | $203,642 |