Ferriday Place Inc
- Assets
- $418.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 2
- Location
- Ferriday, LA
- Founding
- 03/2000
- Data as of
- 09/2023
- EIN
- 58-2484961
Organization Overview
Ferriday Place Inc is located in Ferriday, LA. The organization was established in 2000. 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 09/2023, Ferriday Place Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ferriday Place 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 09/2023, Ferriday Place Inc generated $105.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $145.3k during the year ending 09/2023. While expenses have increased by 2.8% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE A 16 UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dewayne Guice Director | 0.5 | $0 | |
Guy Barfield Director | 0.5 | $0 | |
Rev Michael Owens Director | 0.5 | $0 | |
Phyllis White Chairman | 0.5 | $0 | |
Debra Walker Secretary | 0.5 | $0 | |
Amberson Hayes Wade Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,798 |
| Total Program Service Revenue | $43,839 |
| Membership dues | $0 |
| Investment income | $30 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,348 |
| Total Revenue | $105,015 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $39,812 |
| Professional fees and other payments to independent contractors | $12,315 |
| Occupancy, rent, utilities, and maintenance | $12,100 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $81,115 |
| Total expenses | $145,342 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $288 |
| Other assets | $0 |
| Total assets | $418,392 |
| Total liabilities | $45,670 |
| Net assets or fund balances | $372,722 |