MANGUM GOLDEN AGE APARTMENTS INC

Address
3126 S BOULEVARD BOX 342
EDMOND, OK 73013
Contact
Phone: +1 (405) 848-3118
Nonprofit
NTEE: L22 - Senior Citizens' Housing/Retirement Communities
EIN: 73-1072591

Mission

PROVIDES AFFORDABLE HOUSING TO LOW INCOME FAMILIES AND INDIVIDUALS AT LEAST 62 YEARS OLD WHO EARN LESS THAN THE AREA MEDIAN INCOME AS ESTABLISHED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE HOUSING IS OPERATED AND REGULATED UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 202 PROGRAM.
 20172015201420132012
Basic features of the organization
Year of formation1980
Subsection code03
PF filing required0    
Metropolitan statistical area5880
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees1    
Personnel
Berry, Chris
TitleVICE PRESIDE    
Name of key/compensated personCHRIS BERRY    
Position of compensated person
Current officerTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Christian, Chris
TitlePRESIDENT    
Name of key/compensated personCHRIS R CHRISTIAN    
Position of compensated person
Current officerTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Gilpatrick, Todd
TitleTREASURER    
Name of key/compensated personTODD GILPATRICK    
Position of compensated person
Current officerTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Grounds, Stewart
TitleCFO    
Name of key/compensated personSTEWART GROUNDS    
Position of compensated person
Current officerTrue    
Average hours per week working for org1.00    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesPROVIDES AFFORDABLE HOUSING TO LOW INCOME FAMILIES AND INDIVIDUALS AT LEAST 62 YEARS OLD WHO EARN LESS THAN THE AREA MEDIAN INCOME AS ESTABLISHED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. THE HOUSING IS OPERATED AND REGULATED UNDER THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 202 PROGRAM.    
Program service expenses, total$232,894.00    
Programs, including revenue & expenses
HUD REGULATED LOW INCOME HOUSING PROJECT FOR THE ELDERLY OR HANDICAPPED.
Program expenses$232,894.00    
Program descriptionHUD REGULATED LOW INCOME HOUSING PROJECT FOR THE ELDERLY OR HANDICAPPED.    
Financial data
Revenue
Total revenue$386,691.00    
Revenue from contributions (total)$383,135.00$0.00$0.00$0.00$0.00
Investment income, current yr$8.00    
Total revenue from grants, etc., current yr$383,135.00    
Total unrelated business revenue$0.00    
Other revenue, current yr$3,548.00    
Program service revenue (total) $235,057.00$265,105.00$257,384.00$266,211.00
Gross receipts$386,691.00    
Sources of contributions
Revenue from all other contributions$383,135.00    
Other types of revenue
Miscellaneous revenue (total)$3,548.00    
Income from dividends, interest, and similar investments$8.00    
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$252,139.00    
Total functional expenses: program service $232,894.00    
Total functional expenses: management and general$19,245.00    
Total functional expenses: fundraising$0.00    
Fees for services
Fundraising service fees (total)$0.00    
General management fees (total)$13,806.00    
Assets and liabilities
Total assets$171,441.00$156,706.00$168,261.00$161,826.00$196,260.00
Total assets, beginning of year$172,308.00    
Total liabilities$410,503.00$569,453.00$595,298.00$638,970.00$694,163.00
Total liabilities, beginning of year$545,922.00    
Unrestricted net assets, end of yr-$239,062.00    
Net assets-$239,062.00    
Net assets, beginning of year-$373,614.00    
Other liabilities$3,423.00    
Other assets$12,947.00    
Cash: non-interest bearing$946.00    
Other financial variables
Revenue less expenses$134,552.00    
Advertising (total)$4,326.00    
Savings & temp cash investment$3,556.00    
Accounts receivable, net$19,912.00    
Accounts payable & accrued expenses$49,616.00    
Deferred revenue$6,184.00    
Secured mortgages and notes payable$351,280.00    
Total net assets or fund balances-$239,062.00    
Depreciation, depletion, amortization$12,847.00    
Governance and accountability
Number of voting members2    
Number of independent voting members2    
Financial sheets auditedTrue    
Accrual accountingTrue    
Tax year start date2016-10-01    
Tax year end date2017-09-012015-09-012014-09-012013-09-012012-09-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990    
Date e-filing submitted2018-10-01    
IRS schema version2016v3.1    
Filing identifier201832079349300633    
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