ELDER SPIRIT DEVELOPMENT CO

Address
100 ABINGDON PLACE
ABINGDON, VA 24211
Contact
Website: http://www.elderspirit.org
Phone: +1 (276) 525-4704
Nonprofit
NTEE: G94 - Geriatrics
EIN: 54-1932560

Mission

DEVELOP AND MANAGE LOW INCOME HOUSING FOR PERSONS AGE 55 AND OVER
 20172016201520142013
Basic features of the organization
Year of formation1999
Subsection code03
Form of organization
CorporationTrue
Metropolitan statistical area3660
Human resources, including compensation
Summary compensation info
Number of employees00   
Number of volunteers22   
Personnel
Ballentine, Fran
TitleDIRECTORDIRECTOR   
Name of key/compensated personFRAN BALLENTINEFRAN BALLENTINE   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org 1.00   
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 $0.00$0.00   
Brumleve, Linda
TitleRECORDING SERECORDING SE   
Name of key/compensated personLINDA BRUMLEVELINDA BRUMLEVE   
Position of compensated person
Average hours per week working for org 1.00   
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 $0.00$0.00   
Crum, Matt
TitleDIRECTORDIRECTOR   
Name of key/compensated personMATT CRUMMATT CRUM   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org 1.00   
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 $0.00$0.00   
Dotten, Vickianne
TitleVICE PRESIDEVICE PRESIDE   
Name of key/compensated personVICKIANNE DOTTENVICKIANNE DOTTEN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org 2.00   
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 $0.00$0.00   
Homesley, Scott
TitleTREASURERTREASURER   
Name of key/compensated personSCOTT HOMESLEYSCOTT HOMESLEY   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org 4.00   
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 $0.00$0.00   
Mashburn, Linda
TitleDIRECTORDIRECTOR   
Name of key/compensated personLINDA MASHBURNLINDA MASHBURN   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org 1.00   
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 $0.00$0.00   
Meadows, Beverly
TitleDIRECTORDIRECTOR   
Name of key/compensated personBEVERLY MEADOWSBEVERLY MEADOWS   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org 1.00   
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 $0.00$0.00   
Terrell, Bob
TitleDIRECTORDIRECTOR   
Name of key/compensated personBOB TERRELLBOB TERRELL   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org 1.00   
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 $0.00$0.00   
Winship, David
TitlePRESIDENTPRESIDENT   
Name of key/compensated personDAVID WINSHIPDAVID WINSHIP   
Position of compensated person
Current individual trustee or directorTrueTrue   
Average hours per week working for org 3.00   
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 $0.00$0.00   
Purpose: mission, activities, & accomplishments
Mission or significant activitiesDEVELOP AND MANAGE AFFORDABLE HOUSING FOR PEOPLE AGED 55 AND OVER.DEVELOP AND MANAGE AFFORDABLE HOUSING FOR PEOPLE AGED 55 AND OVER.   
Program service expenses, total$181,543.00$177,954.00   
Programs, including revenue & expenses
PROVIDE 16 APARTMENTS FOR LOW INCOME HOUSING IN ABINGDON VA REVENUE AND EXPENSES ARE REPORTED IN THE RENTAL SCHEDULE
Program expenses$122,126.00$177,954.00   
Program revenue$123,076.00$96,757.00   
Program descriptionPROVIDE 16 APARTMENTS FOR LOW INCOME HOUSING IN ABINGDON VA REVENUE AND EXPENSES ARE REPORTED IN THE RENTAL SCHEDULEPROVIDE 16 APARTMENTS FOR LOW INCOME HOUSING IN ABINGDON VA REVENUE AND EXPENSES ARE REPORTED IN THE RENTAL SCHEDULE   
Financial data
Revenue
Total revenue$123,492.00$102,184.00   
Revenue from contributions (total) $3,500.00   
Investment income, current yr$416.00$134.00   
Total revenue from grants, etc., current yr$0.00$3,500.00   
Other revenue, current yr$0.00$1,793.00   
Program service revenue (total)$123,076.00$96,757.00   
Sources of contributions
Revenue from all other contributions $3,500.00   
Other types of revenue
Miscellaneous revenue (total) $1,793.00   
Investment income$416.00$134.00   
Expense categories (totals)
Total functional expenses: sum of all$181,543.00$177,954.00   
Total functional expenses: program service $181,543.00$177,954.00   
Total functional expenses: management and general$0.00$0.00   
Total functional expenses: fundraising$0.00$0.00   
Fees for services
Fundraising service fees (total)$0.00$0.00   
General management fees (total) $16,605.00   
Assets and liabilities
Total assets$1,681,460.00$1,752,118.00   
Total assets, beginning of year$1,752,118.00$1,844,671.00   
Total liabilities$1,693,781.00$1,708,444.00   
Total liabilities, beginning of year$1,708,444.00$1,725,227.00   
Unrestricted net assets, end of yr-$12,321.00$43,674.00   
Net assets-$12,321.00$43,674.00   
Net assets, beginning of year$43,674.00$119,444.00   
Other liabilities$6,027.00$6,609.00   
Cash: non-interest bearing$88,673.00$8,455.00   
Cash: non-interest bearing, beginning of year$8,455.00$8,678.00   
Other financial variables
Revenue less expenses-$58,051.00-$75,770.00   
Advertising (total) $559.00   
Savings & temp cash investment$40,346.00$112,390.00   
Accounts receivable, net$875.00$1,369.00   
Prepaid expenses & deferred charges$3,663.00$2,380.00   
Accounts payable & accrued expenses$1,170.00$188.00   
Deferred revenue$1,208.00    
Secured mortgages and notes payable$1,685,376.00$1,701,647.00   
Total net assets or fund balances-$12,321.00$43,674.00   
Depreciation, depletion, amortization$12.00    
Governance and accountability
Number of voting members88   
Number of independent voting members88   
Accrual accountingTrueTrue   
Tax year start date2017-01-012016-01-01   
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990   
IRS schema version2017v2.32016v3.0   
Filing identifier201841279349300444201721359349306462   
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