Midland Parker Place Inc
- Assets
- $771.3k
- Revenue
- $202.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Midland, TX
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 75-2639726
Organization Overview
Midland Parker Place Inc is located in Midland, TX. The organization was established in 1996. 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. As of 12/2021, Midland Parker Place Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midland Parker Place 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, Midland Parker Place Inc generated $202.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $279.1k during the year ending 12/2021. While expenses have increased by 3.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE SUBSIDIZED HOUSING FOR THE ELDERLY. WE HAVE 40 ONE BEDROOM APARTMENTS FOR ELDERLY AGE 62 AND OVER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
40 UNITS OF ONE BEDROOOM APARTMENTS FOR LOW INCOME ELDERLY AGE 62 AND OVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maribel Estrella Ed | OfficerTrustee | 30 | $29,230 |
David Diaz Director | OfficerTrustee | 1 | $0 |
Charlene Romero Mcbride President | OfficerTrustee | 1 | $0 |
Jody Sneed Secretary | OfficerTrustee | 1 | $0 |
Raymond Revilla Director | OfficerTrustee | 1 | $0 |
Steve Rogers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $59,582 |
| 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 | $59,582 |
| Total Program Service Revenue | $82,509 |
| Investment income | $345 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $57,525 |
| 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 | $202,741 |
| 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. | $33,720 |
| Compensation of current officers, directors, key employees. | $16,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,760 |
| 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 | $1,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $125,284 |
| 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 | $69,785 |
| Insurance | $32,753 |
| All other expenses | $0 |
| Total functional expenses | $279,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $80,969 |
| Savings and temporary cash investments | $187,425 |
| 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 | $3,065 |
| Net Land, buildings, and equipment | $499,847 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $771,306 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,937,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,504 |
| Total liabilities | $1,944,904 |
| Net assets without donor restrictions | -$1,173,598 |
| 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 | $771,306 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Midland Parker Place Inc has recieved totaling $41,456.
| Awarding Organization | Amount |
|---|---|
Warren Charitable Foundation Midland, TX PURPOSE: TO FURTHER CHARITABLE PURPOSE | $25,000 |
Helen Greathouse Charitable Trust Las Vegas, NV PURPOSE: PARKER PLACE RENOVATION | $10,000 |
United Way Of Midland Inc Midland, TX PURPOSE: PROGRAM SUPPORT | $6,456 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Campus And Community Development Corporation Inc Austin, TX | $887,216,722 | $73,390,968 |
Highland Springs Inc Dallas, TX | $511,119,867 | $65,778,330 |
Buckner Retirement Services Inc Dallas, TX | $144,152,515 | $58,030,892 |
Eagles Trace Inc Houston, TX | $392,478,600 | $52,950,819 |
Presbyterian Village North Dallas, TX | $220,743,885 | $46,469,442 |
Montereau Inc Tulsa, OK | $185,837,162 | $41,785,985 |
Buckner Senior Living Inc Dallas, TX | $215,344,263 | $20,049,948 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
The Legacy Midtown Park Inc Dallas, TX | $173,980,133 | $7,399,995 |
Bst Senior Living West Inc San Antonio, TX | $112,083,644 | $24,466,156 |
Incarnate Word Retirement Community Inc San Antonio, TX | $10,969,268 | $19,152,851 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |