Natchitoches Thomas Apartments Inc
- Assets
- $1.4m
- Revenue
- $887.4k
- Investments
- $0.0
- Employees
- 16
- Location
- Natchitoches, LA
- Founding
- 04/1983
- Data as of
- 06/2022
- EIN
- 72-0910397
Organization Overview
Natchitoches Thomas Apartments Inc is located in Natchitoches, LA. The organization was established in 1983. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Natchitoches Thomas Apartments Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Natchitoches Thomas 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, Natchitoches Thomas Apartments Inc generated $887.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 4.4% 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
RENTAL OF MULTI-FAMILY APARTMENT HOUSING UNITS TO ELIGIBLE LOW-INCOME TENANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING IN THE NATCHITOCHES, LA AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Ward Chairman | OfficerTrustee | 1 | $0 |
Scarlett Bolds Member | Trustee | 1 | $0 |
Aubrey Bradley Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $775,561 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,561 |
| Total Program Service Revenue | $111,845 |
| Investment income | $28 |
| 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 | $887,434 |
| 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 | $220,575 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,485 |
| Payroll taxes | $18,870 |
| Fees for services: Management | $74,931 |
| Fees for services: Legal | $4,420 |
| Fees for services: Accounting | $13,085 |
| 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 | $22,099 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $171,985 |
| Insurance | $126,548 |
| All other expenses | $10,780 |
| Total functional expenses | $1,105,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,947 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,957 |
| 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 | $16,075 |
| Net Land, buildings, and equipment | $1,131,555 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $40,800 |
| Other assets | $171,507 |
| Total assets | $1,384,841 |
| Accounts payable and accrued expenses | $30,173 |
| Grants payable | $0 |
| Deferred revenue | $1,343 |
| 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 | $2,771,171 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,044 |
| Total liabilities | $2,824,731 |
| Net assets without donor restrictions | -$1,439,890 |
| 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 | $1,384,841 |
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