Kingsport Residential Development Corporation
- Assets
- $554.9k
- Revenue
- $334.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Gray, TN
- Founding
- 06/1992
- Data as of
- 06/2022
- EIN
- 58-1988707
Organization Overview
Kingsport Residential Development Corporation is located in Gray, TN. The organization was established in 1992. According to its NTEE Classification (P21) the organization is classified as: American Red Cross, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingsport Residential Development Corporation 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, Kingsport Residential Development Corporation generated $334.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $100.7k during the year ending 06/2022. While expenses have increased by 5.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING FOR MENTALLY ILL ADULTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES - ADMINISTRATIVE - 5,737, UTILITIES - 16,442, OPERATING - 41,333, TAXES INSURANCE - 3,479, DEPRECIATION - 25,714. REVENUE RENT - 58,304, INTEREST - 3, LAUNDRY - 502, CONTRIBUTIONS - 275,748
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Naseri Vice President | Officer | $0 | |
Rachel Parsons Treasurer | Officer | $0 | |
Diane Bowen Secretary | Officer | $0 | |
Kristie Hammonds President | Officer | $0 | |
Tim Perry Board Member | Trustee | $0 | |
Eric Greene Board Member | Trustee | $0 |
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 | $275,748 |
| Noncash contributions included in lines 1a–1f | $275,748 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,748 |
| Total Program Service Revenue | $58,304 |
| Investment income | $3 |
| 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 | $334,557 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $7,962 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,737 |
| 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 | $0 |
| 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 | $25,714 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $100,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,626 |
| 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 | $0 |
| Net Land, buildings, and equipment | $528,971 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,605 |
| Intangible assets | $0 |
| Other assets | $20,539 |
| Total assets | $554,893 |
| Accounts payable and accrued expenses | $193,305 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,605 |
| 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 | $0 |
| Total liabilities | $194,910 |
| Net assets without donor restrictions | $359,983 |
| 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 | $554,893 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kingsport Residential Development Corporation Gray, TN | $554,893 | $334,557 |
Five Loaves & Two Fish Food Pantry Inc Griffin, GA | $432,398 | $208,786 |
Main Street Ozark Inc Ozark, AR | $47,733 | $0 |
Volunteers Of America Inc Alexandria, VA | $355,225 | $0 |
Lillie Star District Community Development Association Brent, AL | $180,225 | $0 |
Institutes For Human Being Inc Oxford, MS | $1,045 | $0 |