REDBANKS REGENCY APARTMENTS INC

Address
851 KIMSEY LANE
HENDERSON, KY 424202665
Contact
Website: http://www.redbanks.org
Phone: +1 (270) 826-6436
Nonprofit
NTEE: L22 - Senior Citizens' Housing/Retirement Communities
EIN: 20-1944304

Mission

REDBANKS REGENCY APARTMENTS PROVIDES LOW INCOME APARTMENTS FOR THE
 20172016201520142013
Basic features of the organization
Year of formation2007
Subsection code03
PF filing required0    
Metropolitan statistical area2440
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees22443
Number of volunteers363848480
Personnel
Bell, Doug
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  DOUG BELLDOUG BELLDOUG BELL
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  2.002.002.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $3,000.00$6,000.00$7,000.00
Benton, John
Title   DIRECTORDIRECTOR
Name of key/compensated person   JOHN BENTONJOHN BENTON
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $5,500.00$6,500.00
Brown, Eric
TitleDIRECTORDIRECTOR   
Name of key/compensated personERIC BROWNERIC BROWN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org2.002.00   
Reportable compensation from org$0.00$0.00   
Other comp, non-reportable, from org and related orgs$0.00$0.00   
Corresponding comp from related orgs
Reportable compensation from related orgs $6,500.00$3,500.00   
Chamberlain, Frank
TitleTREASURERTREASURERTREASURERDIRECTORDIRECTOR
Name of key/compensated personFRANK CHAMBERLAINFRANK CHAMBERLAINFRANK CHAMBERLAINFRANK CHAMBERLAINFRANK CHAMBERLAIN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $8,300.00$8,950.00$7,800.00$7,800.00$8,800.00
Denton, John
TitleVICE CHAIRMANVICE CHAIRMANVICE CHAIRMAN  
Name of key/compensated personJOHN DENTONJOHN DENTONJOHN DENTON  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $5,500.00$6,500.00$5,500.00  
Forker, Maurice
TitleSECRETARYSECRETARYSECRETARY  
Name of key/compensated personMAURICE FORKERMAURICE FORKERMAURICE FORKER  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Average hours per week working for org2.002.002.00  
Reportable compensation from org$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $6,500.00$6,500.00$1,000.00  
Hoffman, Joan
Title  DIRECTORDIRECTORDIRECTOR
Name of key/compensated person  JOAN HOFFMANJOAN HOFFMANJOAN HOFFMAN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Average hours per week working for org  2.002.002.00
Reportable compensation from org  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $4,000.00$6,500.00$7,000.00
Long, James
TitleDIRECTORDIRECTORDIRECTORDIRECTORCHAIRMAN/DIRECTOR
Name of key/compensated personJAMES LONGJAMES LONGJAMES LONGJAMES LONGJAMES LONG
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $6,500.00$7,000.00$6,500.00$6,500.00$7,000.00
Spencer, Walt
Title DIRECTORDIRECTOR  
Name of key/compensated person WALT SPENCERWALT SPENCER  
Position of compensated person
Current individual trustee or director TrueTrue  
Average hours per week working for org 2.002.00  
Reportable compensation from org $0.00$0.00  
Other comp, non-reportable, from org and related orgs $0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs  $1,500.00$4,000.00  
Spencer, Walter
Title   DIRECTORDIRECTOR
Name of key/compensated person   WALTER SPENCERWALTER SPENCER
Position of compensated person
Current individual trustee or director   TrueTrue
Average hours per week working for org   2.002.00
Reportable compensation from org   $0.00$0.00
Other comp, non-reportable, from org and related orgs   $0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs    $6,000.00$6,500.00
Williams, Tim
TitleCHAIRMANCHAIRMANCHAIRMANCHAIRMAN/DIRECTORDIRECTOR
Name of key/compensated personTIM WILLIAMSTIM WILLIAMSTIM WILLIAMSTIM WILLIAMSTIM WILLIAMS
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org2.002.002.002.002.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $6,500.00$7,000.00$6,500.00$6,500.00$7,000.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesLOW INCOME APARTMENTS FOR THE AGEDLOW INCOME APARTMENTS FOR THE AGEDLOW INCOME APARTMENTS FOR THE AGEDLOW INCOME APARTMENTS FOR THE AGEDLOW INCOME APARTMENTS FOR THE AGED
Program service expenses, total$349,449.00$345,308.00   
Programs, including revenue & expenses
LOW INCOME APARTMENTS FOR THE AGED
Program expenses$349,449.00$345,308.00   
Program revenue$280,976.00$266,140.00-$144,766.00-$426,090.00$125,955.00
Program descriptionLOW INCOME APARTMENTS FOR THE AGEDLOW INCOME APARTMENTS FOR THE AGEDLOW INCOME APARTMENTS FOR THE AGEDLOW INCOME APARTMENTS FOR THE AGEDLOW INCOME APARTMENTS FOR THE AGED
Financial data
Revenue
Total revenue$281,219.00$266,518.00-$144,274.00-$426,090.00$125,955.00
Revenue from contributions (total) $0.00 $0.00$273,870.00
Investment income, current yr$35.00$42.00$24.00$27.00$35.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00$0.00$273,870.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$208.00$336.00-$150,374.00-$430,129.00-$151,363.00
Program service revenue (total)$280,976.00$266,140.00$6,076.00$4,012.00$3,413.00
Gross receipts$281,219.00$266,518.00$239,144.00$234,719.00$492,751.00
Sources of contributions
Contributions from related organizations    $273,870.00
Other types of revenue
Miscellaneous revenue (total)$208.00$336.00$468.00$438.00$331.00
Income from dividends, interest, and similar investments$35.00$42.00$24.00$27.00$35.00
Net rental income $0.00-$150,842.00-$430,567.00-$151,694.00
Expense categories (totals)
Total functional expenses: sum of all$418,996.00$412,808.00$0.00$0.00$0.00
Total functional expenses: program service $349,449.00$345,308.00$0.00$0.00$0.00
Total functional expenses: management and general$69,547.00$67,500.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$46.00    
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$30,426.00$29,101.00 $0.00$0.00
Assets and liabilities
Total assets$3,704,406.00$3,813,971.00$3,933,366.00$4,056,892.00$4,176,659.00
Total assets, beginning of year$3,813,971.00$3,933,366.00$4,056,892.00$4,176,659.00$4,318,898.00
Total liabilities$381,667.00$353,453.00$326,559.00$305,811.00$99,488.00
Total liabilities, beginning of year$353,453.00$326,559.00$305,811.00$99,488.00$297,755.00
Net assets$3,322,739.00$3,460,518.00$3,606,807.00$3,751,081.00$4,077,171.00
Net assets, beginning of year$3,460,518.00$3,606,807.00$3,751,081.00$4,077,171.00$4,021,143.00
Other liabilities$15,892.00    
Other assets$15,892.00    
Cash: non-interest bearing$35,560.00$18,898.00$6,392.00$12,019.00$20,502.00
Cash: non-interest bearing, beginning of year$18,898.00$6,392.00$12,019.00$20,502.00$30,837.00
Other financial variables
Revenue less expenses-$137,777.00-$146,290.00-$144,274.00-$426,090.00$125,955.00
Advertising (total)$6,913.00$7,207.00   
Savings & temp cash investment$73,675.00$86,410.00$88,069.00$80,437.00$73,500.00
Accounts receivable, net$3,023.00$2,784.00$1,929.00$449.00$833.00
Prepaid expenses & deferred charges$2,790.00$3,086.00$1,339.00$1,676.00$1,568.00
Accounts payable & accrued expenses$360,775.00$348,453.00$321,559.00$300,811.00$99,488.00
Unsecured notes & loans to unrelated parties$5,000.00$5,000.00$5,000.00$5,000.00 
Total net assets or fund balances$3,322,739.00$3,460,518.00$3,606,807.00$3,751,081.00$4,077,171.00
Depreciation, depletion, amortization$138,406.00$138,057.00 $0.00 
Governance and accountability
Number of voting members67577
Number of independent voting members67577
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2017-12-222017-04-102016-02-022015-07-142014-04-07
IRS schema version2016v3.02015v2.12014v5.02013v4.02012v2.0
Filing identifier201723189349304532201643169349303959201503159349300740201501339349301895201430449349301348
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