Rg Apartments Inc
- Assets
- $835.4k
- Revenue
- $106.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Tuskegee Institute, AL
- Founding
- 06/1998
- Data as of
- 02/2022
- EIN
- 63-1188067
Organization Overview
Rg Apartments Inc is located in Tuskegee Institute, AL. The organization was established in 1998. 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. Rg 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 02/2022, Rg Apartments Inc generated $106.2k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $158.1k during the year ending 02/2022. 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
PROVIDES SECTION 202 HOUSING FOR THE LOW INCOME ELDELRY AND HANDICAPPED
Describe the Organization's Program Activity:
Part 3 - Line 4a
ROSE GARDEN APARTMENTS, INC. PROVIDES HOUSING FOR THE LOW INCOME ELDERLY AND HANDICAPPED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorris C Overton President | Trustee | 5 | $0 |
Hawthorne Reid Secretary | Trustee | 5 | $0 |
Lois Askew Director | Trustee | 0 | $0 |
Columbus Meadows Director | Trustee | 0 | $0 |
Essie Buchannan Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,000 |
| Investment income | $249 |
| 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 | $106,205 |
| 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 | $24,640 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,552 |
| Payroll taxes | $2,033 |
| Fees for services: Management | $7,344 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,582 |
| 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 | $8,836 |
| 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 | $257 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,331 |
| Insurance | $10,975 |
| All other expenses | $0 |
| Total functional expenses | $158,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,141 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $102,231 |
| Total assets | $835,383 |
| Accounts payable and accrued expenses | $12,756 |
| 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 | $1,225,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,506 |
| Total liabilities | $1,244,862 |
| Net assets without donor restrictions | -$409,479 |
| 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 | -$409,479 |