Ridge Homes Inc
- Assets
- $141.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Malvern, AR
- Founding
- 08/1991
- Data as of
- 12/2023
- EIN
- 58-1940996
Organization Overview
Ridge Homes Inc is located in Malvern, AR. The organization was established in 1991. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ridge Homes 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 12/2023, Ridge Homes Inc generated $56.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $51.2k during the year ending 12/2023. While expenses have increased by 2.4% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE LOW-INCOME HOUSING TO THE ELDERLY AND DISABLED IN PARAGOULD, ARKANSAS BASED ON THE REQUIREMENTS SET FORTH BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Carl Schultz President | 0 | $0 | |
Cynthia Wheeler Secretary | 0 | $0 | |
Jeffrey Owens Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $56,768 |
| Membership dues | $0 |
| Investment income | $94 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $56,862 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $6,240 |
| Professional fees and other payments to independent contractors | $7,872 |
| Occupancy, rent, utilities, and maintenance | $6,035 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $31,030 |
| Total expenses | $51,177 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,274 |
| Other assets | $0 |
| Total assets | $141,002 |
| Total liabilities | $92,608 |
| Net assets or fund balances | $48,394 |