W Leo Daniels Towers Inc
- Assets
- $1.9m
- Revenue
- $933.8k
- Investments
- $0.0
- Employees
- 6
- Location
- Houston, TX
- Founding
- 07/1978
- Data as of
- 12/2021
- EIN
- 74-1968204
Organization Overview
W Leo Daniels Towers Inc is located in Houston, TX. The organization was established in 1978. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2021, W Leo Daniels Towers Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W Leo Daniels Towers 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 12/2021, W Leo Daniels Towers Inc generated $933.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $907.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.7%) per year over the past 4 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW INCOME HOUSING FOR THE ECONOMICALLY DEPRIVED & THE DISABLED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONGREGATE HOUSING SERVICES PROGRAM FURNISHES MEALS PERSONAL CARE, HOMEMAKING, TRANSPORTATION TO THIRTY ELDERLY OR HANDICAPPED INDIVIDUAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Russell Chairman | Trustee | 20 | $0 |
Edna Rattler Secretary | Trustee | 10 | $0 |
Farris Bejamin Asst. Secretary | Trustee | 10 | $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 | $933,789 |
| Investment income | $44 |
| 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 | $933,833 |
| 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 | $135,638 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,710 |
| Payroll taxes | $9,729 |
| Fees for services: Management | $48,041 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,110 |
| Office expenses | $35,006 |
| 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 | $59,419 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,156 |
| Insurance | $35,895 |
| All other expenses | $191,720 |
| Total functional expenses | $907,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $89,535 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,400 |
| 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 | $28,542 |
| Net Land, buildings, and equipment | $1,371,126 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $385,327 |
| Total assets | $1,894,930 |
| Accounts payable and accrued expenses | $90,685 |
| 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 | $1,782,361 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $152,553 |
| Total liabilities | $2,025,599 |
| Net assets without donor restrictions | -$130,669 |
| 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 | $1,894,930 |