Arkansas Senior Care Inc
- Assets
- $174.6k
- Revenue
- $63.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Fort Smith, AR
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 58-1864457
Organization Overview
Arkansas Senior Care Inc is located in Fort Smith, AR. The organization was established in 1990. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Arkansas Senior Care Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Senior Care 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 06/2022, Arkansas Senior Care Inc generated $63.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $68.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR ELDERLY AND HANDICAPP
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION OWNS AND OPERATES 10 LOW INCOME HOUSING UNITS FOR ELDERLY. UNITS ARE FINANCED BY HUD AND THE ORGANIZATION RECEIVES HUD SUBSIDIES FOR RENT. ALL EXPENSES ARE RELATED.
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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 | |
Powell Sanders Board Vice-P | OfficerTrustee | $0 | |
Michelle Sexton Board Secret | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $24 |
| 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 | $63,837 |
| 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 | $5,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $759 |
| Fees for services: Management | $6,519 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,246 |
| 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 | $2,341 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,424 |
| Insurance | $8,758 |
| All other expenses | $0 |
| Total functional expenses | $68,494 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131 |
| Savings and temporary cash investments | $20,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,794 |
| 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 | $3,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $895 |
| Total assets | $174,610 |
| Accounts payable and accrued expenses | $2,060 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $407,597 |
| Total liabilities | $409,657 |
| Net assets without donor restrictions | -$235,047 |
| 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 | -$235,047 |