Evergreen Apartments Inc
- Assets
- $624.6k
- Revenue
- $115.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Martin, TN
- Founding
- 07/1995
- Data as of
- 06/2022
- EIN
- 62-1592403
Organization Overview
Evergreen Apartments Inc is located in Martin, TN. The organization was established in 1995. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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. Evergreen Apartments 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, Evergreen Apartments Inc generated $115.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.2%) each year. All expenses for the organization totaled $142.9k during the year ending 06/2022. 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
APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, FOR LOW- INCOME, HANDICAPPED, AND ELDERLY PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, FOR LOW- INCOME, HANDICAPPED, AND ELDERLY PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joyce Washington Chairman | OfficerTrustee | $0 | |
Dee Pritchett Commisioner | OfficerTrustee | $0 | |
Janet Elliott Vice Chairma | OfficerTrustee | $0 | |
Colin Johnson Commissioner | OfficerTrustee | $0 | |
Robb Newbill Commissioner | OfficerTrustee | $0 | |
Pam Bratcher Executive Di | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $58,888 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $58,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,888 |
| Total Program Service Revenue | $55,967 |
| Investment income | $10 |
| 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 | $115,429 |
| 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 | $6,062 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,455 |
| Payroll taxes | $0 |
| Fees for services: Management | $11,290 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,623 |
| 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 | $11,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,968 |
| 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 | $33,424 |
| Insurance | $0 |
| All other expenses | $11,832 |
| Total functional expenses | $142,925 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,560 |
| Savings and temporary cash investments | $70,893 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,863 |
| 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 | $4,717 |
| Net Land, buildings, and equipment | $510,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,084 |
| Total assets | $624,603 |
| Accounts payable and accrued expenses | $10,203 |
| 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 | $4,110 |
| Total liabilities | $14,313 |
| Net assets without donor restrictions | $0 |
| 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 | $610,290 |
| Total liabilities and net assets/fund balances | $624,603 |
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