South Pointe Phase Ii Inc
- Assets
- $1.9m
- Revenue
- $166.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Monroe, LA
- Founding
- 12/2003
- Data as of
- 06/2022
- EIN
- 72-1473963
Organization Overview
South Pointe Phase Ii Inc is located in Monroe, LA. The organization was established in 2003. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Pointe Phase Ii 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, South Pointe Phase Ii Inc generated $166.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $297.4k during the year ending 06/2022. While expenses have increased by 3.7% 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
TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND/OR DISABLED
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ORGANIZATION OPERATES 36 UNITS OF GOVERNMENT ASSISTED HOUSING FOR THE VERY LOW-INCOME, ELDERLY PERSONS IN CARRYING OUT ITS EXEMPT PURPOSE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Farmer Secretary-Tr | Officer | $0 | |
Joe Farr President | Officer | $0 | |
Loretta Hudson Vice Preside | Officer | $0 | |
William Smart Executive Di | Officer | $0 | |
Hal Hinchcliffe Board Member | Trustee | $0 | |
Patricia Gix 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $166,622 |
| Investment income | $94 |
| 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 | $166,716 |
| 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 | $40,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,501 |
| Payroll taxes | $2,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $6,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $73 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,662 |
| 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 | $81,246 |
| Insurance | $0 |
| All other expenses | $5,245 |
| Total functional expenses | $297,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,592 |
| Savings and temporary cash investments | $318,424 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,968 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,848 |
| Net Land, buildings, and equipment | $1,499,675 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,850,375 |
| Accounts payable and accrued expenses | $5,297 |
| Grants payable | $0 |
| Deferred revenue | $106 |
| 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 | $2,615,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $206,273 |
| Total liabilities | $2,826,776 |
| Net assets without donor restrictions | -$976,401 |
| 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 | $1,850,375 |
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