Heritage Place Inc

Organization Overview

Heritage Place Inc is located in Coeur Dalene, ID. The organization was established in 1979. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2020, Heritage Place Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.8m during the year ending 12/2020. While expenses have increased by 1.3% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY. THE PROJECT IS A U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SUBSIDIZED SECTION 202 PROGRAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HERITAGE PLACE, INC. IS AN IDAHO NONPROFIT CORPORATION OPERATING AN ELDERLY HOUSING COMPLEX CONSISTING OF 129 UNITS SUBSIDIZED UNDER SECTION 202. AS SUCH, IT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT DEPENDS ON ECONOMIC ASSISTANCE FROM HUD IN THE FORM OF RENTAL SUPPLEMENTS TO ASSIST IN MEETING OPERATING EXPENSES OF THE PROJECT. DURING THE CALENDAR YEAR, THE PROJECT OCCUPANCY RATE WAS CLOSE TO 100%, WHICH IS EVIDENCE OF THE GREAT NEED FOR SUCH PROJECTS IN THE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Doug Elliott
Vice President
$0
Mark Jackson
Secretary
$0
Mike Wilson
Treasurer
$0
Linda Scharnhorst
President
$0
Ann Johnson
Executive Dir.
$0
Tony Berns
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $961,263
All other contributions, gifts, grants, and similar amounts not included above$24,544
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$985,807
Total Program Service Revenue$895,526
Investment income $818
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 $1,882,151

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