Rio Concho Manor Inc
- Assets
- $1.4m
- Revenue
- $1.6m
- Investments
- $2.5k
- Employees
- 16
- Location
- San Angelo, TX
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 75-1219630
Organization Overview
Rio Concho Manor Inc is located in San Angelo, TX. The organization was established in 1988. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Rio Concho Manor Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rio Concho Manor 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 12/2023, Rio Concho Manor Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR PERSONS 62 YEARS AND OLDER THROUGH APARTMENT RENTALS AND LIFETIME LEASES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING FOR PERSONS 62 YEARS OF AGE AND OLDER. HOUSING IS THROUGH AN APARTMENT COMPLEX AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Elsass Executive Dir. | OfficerTrustee | 40 | $0 |
Sandy Speed President | OfficerTrustee | 1 | $0 |
Gary Bowen Trustee | Trustee | 1 | $0 |
Pat Malloy Trustee | Trustee | 1 | $0 |
Daniel Ortega Trustee | Trustee | 1 | $0 |
Paula Dowler Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hampton's Kitchen & Catering Catering | 12/30/23 | $469,761 |
Carey Sartain Painting Painting Work | 12/30/23 | $312,657 |
Kiser Carpets Llc Carpet And Flooring | 12/30/23 | $212,886 |
Ignacio Juarez Painting & Remodeling | 12/30/23 | $124,391 |
Tk Elevator Corporation Elevator Work | 12/30/23 | $116,139 |
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 | $1,517,314 |
| Investment income | $23,084 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,579,197 |
| 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 | $334,609 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $53,295 |
| Payroll taxes | $25,653 |
| Fees for services: Management | $68,459 |
| Fees for services: Legal | $1,025 |
| Fees for services: Accounting | $13,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,211 |
| Office expenses | $18,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $280,997 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $351 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,165 |
| Insurance | $157,462 |
| All other expenses | $16,456 |
| Total functional expenses | $1,507,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,463 |
| 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 | $24,787 |
| Net Land, buildings, and equipment | $808,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,457 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $540,094 |
| Total assets | $1,428,621 |
| Accounts payable and accrued expenses | $66,422 |
| Grants payable | $0 |
| Deferred revenue | $9,347 |
| 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 | $6,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $106,614 |
| Total liabilities | $189,180 |
| Net assets without donor restrictions | $1,212,374 |
| Net assets with donor restrictions | $27,067 |
| 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 | $1,428,621 |