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Nonprofiteer
← TWIN PINES APARTMENTS INC

Form 990 for tax year 2024

Filed by TWIN PINES APARTMENTS INC.

Totals

Total revenue
$315,445
Total expenses
$568,763
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$311,052
Investment income
$576
Other revenue
$3,817
Total assets, end of year
$333,966
Total liabilities, end of year
$43,501
Net assets or fund balances, end of year
$290,465
Program services expenses (Part IX)
$568,763
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$568,763

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: HOUSING REVENUE

    total $311,052 · related or exempt $311,052

  • 3 · Investment income

    total $576 · excluded $576

  • 11d · All other revenue

    total $3,817 · excluded $3,817

  • 11e · Other revenue, total

    $3,817

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $97,626 · program services $97,626

  • 11b · Fees: legal

    total $2,203 · program services $2,203

  • 11c · Fees: accounting

    total $1,382 · program services $1,382

  • 11g · Fees: other

    total $714 · program services $714

  • 12 · Advertising and promotion

    total $764 · program services $764

  • 13 · Office expenses

    total $19,366 · program services $19,366

  • 14 · Information technology

    total $6,568 · program services $6,568

  • 16 · Occupancy

    total $54,679 · program services $54,679

  • 17 · Travel

    total $269 · program services $269

  • 22 · Depreciation, depletion and amortization

    total $4,269 · program services $4,269

  • 23 · Insurance

    total $33,100 · program services $33,100

  • 24a · Other expenses: MAINTENANCE & REPAIR

    total $338,225 · program services $338,225

  • 24b · Other expenses: BAD DEBT

    total $8,546 · program services $8,546

  • 24c · Other expenses: MEMBERSHIP & REGISTRATI

    total $81 · program services $81

  • 24e · All other expenses

    total $971 · program services $971

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $126,171 · end of year $107,865

  • 4 · Accounts receivable

    beginning of year $3,264 · end of year $70

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,065 · end of year $1,043

  • 10a · Land, buildings and equipment: cost or other basis

    $1,138,228

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,029,896

  • 10c · Land, buildings and equipment, net

    beginning of year $112,601 · end of year $108,332

  • 15 · Other assets

    beginning of year $403,070 · end of year $116,656

  • 17 · Accounts payable and accrued expenses

    beginning of year $82,598 · end of year $3,810

  • 19 · Deferred revenue

    beginning of year $281 · end of year $6,527

  • 25 · Other liabilities

    beginning of year $28,510 · end of year $33,164

  • 27 · Net assets without donor restrictions

    beginning of year $543,782 · end of year $290,465

Mission and programs · 2024

Mission

TWIN PINES APARTMENTS, INC. ASSISTS INDIVIDUALS AND FAMILIES IN THE REXBURG, IDAHO AREA UTILIZE LOW INCOME HOUSING.

Activities or mission (Part I)

TO PLAN, CONSTRUCT, DEVELOP & MANAGE AFFORDABLE HOUSING FOR THE PUBLIC.

  • TWIN PINES APARTMENTS, INC. WAS CREATED FOR THE PLANNING, CONSTRUCTING, DEVELOPING, AND MANAGING AFFORDABLE HOUSING FOR THE PUBLIC. THE PROJECT OPERATES A 56-UNIT APARTMENT COMPLEX IN REXBURG, IDAHO.

    Expenses $568,763 · Revenue $311,052

As filed on the 2024 return.

Listed in Part VII

  • Regan Muir

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Adam Bishop

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sarah Ryner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Karl Casperson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Couguergood

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Ariel Jackson

    DIRECTOR (THRU APRIL 25')

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Devon Jackson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • David Lent

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Misty Benjamin-Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jeffrrey Lowrey

    DIRECTOR (THRU SEPT. 24')

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Brent Mendenhall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jerry Merrill

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Todd Pingle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Kris Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Carla Thinnes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mike Whitfield

    DIRECTOR (THRU NOV. 24')

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Jake Workman

    DIRECTOR (THRU DEC. 24')

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Julie Weston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Radford

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $115,626
    From this org
    $0
    From related orgs
    $101,796
    Other
    $13,830
    Hours/week
    40 + 3 related

  • Susan Espinoza

    CHIEF FINANCIAL OFFICER

    Total calculated
    $148,831
    From this org
    $0
    From related orgs
    $100,448
    Other
    $48,383
    Hours/week
    40 + 3 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 September 2026
IRS schema version
2024v5.5
Source object
202622529349300242

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