Canton I Inc
- Assets
- $2.8m
- Revenue
- $372.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Lakeway, TX
- Founding
- 10/2000
- Data as of
- 12/2021
- EIN
- 75-2845133
Organization Overview
Canton I Inc is located in Lakeway, TX. The organization was established in 2000. According to its NTEE Classification (L30) the organization is classified as: Housing Search Assistance, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canton I 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, Canton I Inc generated $372.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (38.9%) each year. All expenses for the organization totaled $103.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (45.3%) per year over the past 7 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
IT IS THE MISSION OF CANTON I, INC TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING AND OPERATING (FOR THE LONG-TERM) QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR FAMILIES, SENIOR CITIZENS AND PEOPLE WITH SPECIAL NEEDS. IT PROVIDES ADULT ASSISTED CARE FOR SENIOR CITIZENS WHO ARE AMBULATORY BUT NEED HELP WITH ACTIVITIES OF DAILY LIVING SUCH AS BATHING AND DRESSING. PERSONAL CARE SUPPORT IS ALSO PROVIDED AND DESIGNED TO MEET THE NEEDS OF THE RESIDENTS INCLUDED WITH THESE SERVICES, IS THE PROVISION OF AFFORDABLE HOUSING 96-32
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSIGHT OF AFFORDABLE RENTS FOR LOW-INCOME HOUSING, SENIOR CITIZENS AND ASSISTED LIVING CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robbie L Wittner Chairman, Coo, Secretary | OfficerTrustee | 5 | $0 |
Lloyd Kitchen Executive Vice President | Officer | 5 | $0 |
Doug Lee Director | Trustee | 0.1 | $0 |
Ernest Garcia Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $199,140 |
| 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 | $199,140 |
| Total Program Service Revenue | $169,400 |
| Investment income | $39 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,663 |
| 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 | $372,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $300 |
| 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 | $6,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $459 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,641 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,205 |
| Advertising and promotion | $0 |
| Office expenses | $2,346 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $631 |
| Travel | $38 |
| 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 | $44,214 |
| Insurance | $7,030 |
| All other expenses | $0 |
| Total functional expenses | $103,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $980,632 |
| Savings and temporary cash investments | $197,413 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $153 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,609,744 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,787,942 |
| Accounts payable and accrued expenses | $1,000 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,000 |
| Net assets without donor restrictions | $0 |
| 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 | $2,786,942 |
| Total liabilities and net assets/fund balances | $2,787,942 |
Grants Awarded
Over the last fiscal year, Canton I Inc has awarded $80,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mission, TX PURPOSE: GENERAL SUPPORT | $75,000 |
Austin, TX PURPOSE: GENERAL SUPPORT | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Canton I Inc has recieved totaling $199,140.
| Awarding Organization | Amount |
|---|---|
The Emmaus Calling Inc Lakeway, TX PURPOSE: GENERAL SUPPORT | $199,140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Inner-City Revitalization Corporation Alexandria, LA | $3,054,125 | $1,423,082 |
Briargrove Property Owners Inc Houston, TX | $808,058 | $1,011,416 |
Grammies Cottage Porter, TX | $34,581 | $449,156 |
Community Housing Resource Board Of Lubbock Lubbock, TX | $2,433,917 | $394,544 |
Canton I Inc Lakeway, TX | $2,787,942 | $372,242 |
Fostering Change Foundation Inc Greenwood, LA | $17,512 | $0 |
Odessa Affordable Housing Inc Odessa, TX | $616,672 | $16,514 |