Civic Intelligence

Gorman Towers

EIN 71-0508225 • 501(c)3 • Fort Smith, AR

Profile

Non-profit housing for the elderly & handicapped.

PO Box 1526Fort Smith, AR 72902

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.90x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

91st percentile

1.52x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

72nd percentile

19%

Higher net margin than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

48th percentile

2.9%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Revenue Growth

44th percentile

4.1%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2025

Assets

Down

$3,597,272

Down $23,635 (-0.7%) from 2022

Liabilities

Down

$3,944,746

Down $248,112 (-5.9%) from 2022

Net Assets

Up

-$347,474

Up $224,477 (+39%) from 2022

Revenue

Up

$2,077,309

Up $7,800 (+0.4%) from 2022

Expenses

Up

$1,852,832

Up $123,555 (+7.1%) from 2022

Net Income

Down

$224,477

Down $115,755 (-34%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2011: $3,770,224Liabilities 2011: $5,968,784Net Assets 2011: -$2,198,5602011Assets 2012: $3,547,325Liabilities 2012: $5,829,522Net Assets 2012: -$2,282,1972012Assets 2013: $3,321,998Liabilities 2013: $5,726,857Net Assets 2013: -$2,404,8592013Assets 2014: $3,006,167Liabilities 2014: $5,602,957Net Assets 2014: -$2,596,7902014Assets 2015: $2,792,217Liabilities 2015: $5,395,488Net Assets 2015: -$2,603,2712015Assets 2016: $2,771,305Liabilities 2016: $5,268,774Net Assets 2016: -$2,497,4692016Assets 2017: $2,982,243Liabilities 2017: $5,163,972Net Assets 2017: -$2,181,7292017Assets 2018: $3,179,028Liabilities 2018: $5,029,802Net Assets 2018: -$1,850,7742018Assets 2019: $2,955,998Liabilities 2019: $4,563,447Net Assets 2019: -$1,607,4492019Assets 2020: $3,287,976Liabilities 2020: $4,595,016Net Assets 2020: -$1,307,0402020Assets 2021: $3,551,810Liabilities 2021: $4,463,993Net Assets 2021: -$912,1832021Assets 2022: $3,620,907Liabilities 2022: $4,192,858Net Assets 2022: -$571,9512022Assets 2023: $3,597,272Liabilities 2023: $3,944,746Net Assets 2023: -$347,4742023

Highlighted filing

2023

Assets$3,597,272
Liabilities$3,944,746
Net Assets-$347,474

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,750,072Expenses 2011: $1,764,637Net Income 2011: -$14,5652011Revenue 2012: $1,778,916Expenses 2012: $1,862,553Net Income 2012: -$83,6372012Revenue 2013: $1,780,538Expenses 2013: $1,903,200Net Income 2013: -$122,6622013Revenue 2014: $1,816,437Expenses 2014: $2,008,368Net Income 2014: -$191,9312014Revenue 2015: $1,875,166Expenses 2015: $1,881,647Net Income 2015: -$6,4812015Revenue 2016: $2,008,116Expenses 2016: $1,902,314Net Income 2016: $105,8022016Revenue 2017: $1,978,924Expenses 2017: $1,663,184Net Income 2017: $315,7402017Revenue 2018: $1,926,252Expenses 2018: $1,595,297Net Income 2018: $330,9552018Revenue 2019: $1,988,735Expenses 2019: $1,745,410Net Income 2019: $243,3252019Revenue 2020: $1,960,493Expenses 2020: $1,660,084Net Income 2020: $300,4092020Revenue 2021: $2,108,818Expenses 2021: $1,713,961Net Income 2021: $394,8572021Revenue 2022: $2,069,509Expenses 2022: $1,729,277Net Income 2022: $340,2322022Revenue 2023: $2,077,309Expenses 2023: $1,852,832Net Income 2023: $224,4772023

Highlighted filing

2023

Revenue$2,077,309
Expenses$1,852,832
Net Income$224,477

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$3.60$3.94$0.35$2.08$1.85$0.22
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$4.19$0.57$2.07$1.73$0.34
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.55$4.46$0.91$2.11$1.71$0.39
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.29$4.60$1.31$1.96$1.66$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$4.56$1.61$1.99$1.75$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$5.03$1.85$1.93$1.60$0.33
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.98$5.16$2.18$1.98$1.66$0.32
2016Summary only. Only limited summary data is available for this year.$2.77$5.27$2.50$2.01$1.90$0.11
2015Detailed filing. Detailed filing data is available for this year.$2.79$5.40$2.60$1.88$1.88$0.01
2014Summary only. Only limited summary data is available for this year.$3.01$5.60$2.60$1.82$2.01$0.19
2013Summary only. Only limited summary data is available for this year.$3.32$5.73$2.40$1.78$1.90$0.12
2012Summary only. Only limited summary data is available for this year.$3.55$5.83$2.28$1.78$1.86$0.08
2011Summary only. Only limited summary data is available for this year.$3.77$5.97$2.20$1.75$1.76$0.01
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Dec 27, 2022
Return Version
2021v4.0
Gross Receipts
$2,069,509
Mission and Program Overview

Mission

Non-profit housing for the elderly & handicapped.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,822,162$2,770,527▼ $51,635
Intangible Assets$189,589$177,665▼ $11,924
Cash and Non-Interest-Bearing Accounts$142,978$100,321▼ $42,657
Prepaid Expenses and Deferred Charges$30,038$30,100▲ $62
Savings and Temporary Cash Investments$2,433$6,357▲ $3,924
Accounts Receivable$2,533$4,889▲ $2,356
Total Assets$3,551,810$3,620,907▲ $69,097
Other Assets Total$362,077$531,048▲ $168,971
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,235,795$4,024,416▼ $211,379
Accounts Payable and Accrued Expenses$174,413$113,162▼ $61,251
Other Liabilities$45,846$46,728▲ $882
Deferred Revenue$7,939$8,552▲ $613
Total Liabilities$4,463,993$4,192,858▼ $271,135
Net Assets / Fund Balance
Net Assets With Donor Restrictions$40,812$40,812→ $0
Net Assets Without Donor Restrictions$-952,995$-612,763▲ $340,232
Total Net Assets Fund Balance$-912,183$-571,951▲ $340,232
Total Liabilities and Net Assets / Fund Balance$3,551,810$3,620,907▲ $69,097

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,384,709$7,267,718$9,652,427
Equipment$145,846$1,361,479$1,507,325
Land$239,972-$239,972
Other Assets Org$51,692--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Audra BaileyBoard Member
Jeff FenwickBoard Member
Dr William HutchinsonBoard Presid
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,069,459
Investment Income
$50
Other Revenue
$0
Change in Net Assets
$340,232

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,069,509
Total Revenue per Audited Statements
$2,069,509
Total Revenue per Form 990
$2,069,509
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,192,941
Salaries, Compensation, and Employee Benefits$536,336
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$497,599--$497,599
Depreciation Depletion$158,418--$158,418
Interest$137,640--$137,640
Insurance$116,807--$116,807
Fees for Services Management-$114,551-$114,551
Office Expenses$43,067--$43,067
Payroll Taxes$38,737--$38,737
Fees for Services Accounting-$35,981-$35,981
Other Expenses$4,334$22,281-$26,615
Advertising$3,240--$3,240
Conferences and Meetings-$245-$245
Total Functional Expenses$1,556,219$173,058$0$1,729,277

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,729,277
Total Expenses per Audited Statements$1,729,277
Total Expenses per Form 990$1,729,277
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$45,329
Pet Deposits Refundable$1,327
Accrued S/d Interest Paya$72
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The organization's governing body reviewed form 990 before filing.

Form 990, Page 6, Part VI, Line 19

Gorman towers, inc. Submits all documents and policies to the department of housing and urban development and these documents are a matter of public record.

Filing and Contact Details

Filer

Filer Name
Gorman Towers Inc
EIN
71-0508225
Phone
4797827268
Address
PO BOX 1526, FORT SMITH, AR 72902

Signing Officer

Name
Dr William Hutchinson
Title
Board President
Phone
5017827268
Signed
2022-12-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr William Hutchinson
Formed
1980
Legal Domicile
Ar
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
JIMMY D HALL & ASSOCIATES CPA'S
Address
3307 OLD GREENWOOD RD STE C, FORT SMITH, AR 72903-5459
Preparer
Jimmy D Hall CPA
Phone
4797833100
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

Gorman towers, inc. Operates on a non-profit basis and provides housing for the elderly and handicapped. Gorman towers, inc consists of 150 units (apartments) and is regulated by the us dept of housing & urban development.

Raw XML Appendix363 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0174413
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0113162
IRS990/AccountsReceivableGrp/BOYAmt02533
IRS990/AccountsReceivableGrp/EOYAmt04889
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0NON-PROFIT HOUSING FOR THE ELDERLY & HANDICAPPED.
IRS990/AdvertisingGrp/ProgramServicesAmt03240
IRS990/AdvertisingGrp/TotalAmt03240
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0false
IRS990/BooksInCareOfDetail/PersonNm0RENTAL MANAGEMENT INC
IRS990/BooksInCareOfDetail/PhoneNum04797827268
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt017 N 6TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0FORT SMITH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd072901
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0142978
IRS990/CashNonInterestBearingGrp/EOYAmt0100321
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0245
IRS990/ConferencesMeetingsGrp/TotalAmt0245
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt050
IRS990/CYOtherExpensesAmt01192941
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02069459
IRS990/CYRevenuesLessExpensesAmt0340232
IRS990/CYSalariesCompEmpBnftPaidAmt0536336
IRS990/CYTotalExpensesAmt01729277
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02069509
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt07939
IRS990/DeferredRevenueGrp/EOYAmt08552
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0158418
IRS990/DepreciationDepletionGrp/TotalAmt0158418
IRS990/Desc0GORMAN TOWERS, INC. OPERATES ON A NON-PROFIT BASIS AND PROVIDES HOUSING FOR THE ELDERLY AND HANDICAPPED. GORMAN TOWERS, INC CONSISTS OF 150 UNITS (APARTMENTS) AND IS REGULATED BY THE US DEPT OF HOUSING & URBAN DEVELOPMENT.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt040812
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt040812
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt01556219
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt035981
IRS990/FeesForServicesAccountingGrp/TotalAmt035981
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0114551
IRS990/FeesForServicesManagementGrp/TotalAmt0114551
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0AUDRA BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFF FENWICK
IRS990/Form990PartVIISectionAGrp/PersonNm2DR WILLIAM HUTCHINSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD PRESID
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01980
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02069509
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt0116807
IRS990/InsuranceGrp/TotalAmt0116807
IRS990/IntangibleAssetsGrp/BOYAmt0189589
IRS990/IntangibleAssetsGrp/EOYAmt0177665
IRS990/InterestGrp/ProgramServicesAmt0137640
IRS990/InterestGrp/TotalAmt0137640
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt050
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt050
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08629197
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02822162
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02770527
IRS990/LandBldgEquipCostOrOtherBssAmt011399724
IRS990/LegalDomicileStateCd0AR
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0NON-PROFIT HOUSING FOR THE ELDERLY & HANDICAPPED.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04235795
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04024416
IRS990/NetAssetsOrFundBalancesBOYAmt0-912183
IRS990/NetAssetsOrFundBalancesEOYAmt0-571951
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-952995
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-612763
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt043067
IRS990/OfficeExpensesGrp/TotalAmt043067
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0362077
IRS990/OtherAssetsTotalGrp/EOYAmt0531048
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1OPERATING AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2SEWER
IRS990/OtherExpensesGrp/Desc3ADMINISTRATIVE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022281
IRS990/OtherExpensesGrp/ProgramServicesAmt0322962
IRS990/OtherExpensesGrp/ProgramServicesAmt1177885
IRS990/OtherExpensesGrp/ProgramServicesAmt255530
IRS990/OtherExpensesGrp/ProgramServicesAmt34334
IRS990/OtherExpensesGrp/TotalAmt0322962
IRS990/OtherExpensesGrp/TotalAmt1177885
IRS990/OtherExpensesGrp/TotalAmt255530
IRS990/OtherExpensesGrp/TotalAmt326615
IRS990/OtherLiabilitiesGrp/BOYAmt045846
IRS990/OtherLiabilitiesGrp/EOYAmt046728
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0497599
IRS990/OtherSalariesAndWagesGrp/TotalAmt0497599
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt038737
IRS990/PayrollTaxesGrp/TotalAmt038737
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt030038
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt030100
IRS990/PrincipalOfficerNm0DR WILLIAM HUTCHINSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4900099
IRS990/ProgramServiceRevenueGrp/Desc0HOUSING ASSISTANCE PAYMENTS
IRS990/ProgramServiceRevenueGrp/Desc1RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY AND VENDING REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3FORFEITED SECURITY DEPOSITS
IRS990/ProgramServiceRevenueGrp/Desc4INCOME - BEAUTY SHOP
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01456522
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1621110
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt211890
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt33345
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt41375
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01456522
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1621110
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt211890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt33345
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt41375
IRS990/ProgSrvcAccomActy2Grp/Desc0GORMAN TOWERS, INC. OPERATES ON A NON-PROFIT BASIS AND PROVIDES HOUSING FOR THE ELDERLY AND HANDICAPPED. GORMAN TOWERS, INC CONSISTS OF 150 UNITS (APARTMENTS) AND IS REGULATED BY THE US DEPT OF HOUSING & URBAN DEVELOPMENT.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GORMAN TOWERS, INC. OPERATES ON A NON-PROFIT BASIS AND PROVIDES HOUSING FOR THE ELDERLY AND HANDICAPPED. GORMAN TOWERS, INC CONSISTS OF 150 UNITS (APARTMENTS) AND IS REGULATED BY THE US DEPT OF HOUSING & URBAN DEVELOPMENT.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt082
IRS990/PYOtherExpensesAmt01243077
IRS990/PYProgramServiceRevenueAmt02108736
IRS990/PYRevenuesLessExpensesAmt0394857
IRS990/PYSalariesCompEmpBnftPaidAmt0470884
IRS990/PYTotalExpensesAmt01713961
IRS990/PYTotalRevenueAmt02108818
IRS990/ReconcilationRevenueExpnssAmt0340232
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02069459
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02433
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06357
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01456522
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01462253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01413362
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01386428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01378714
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07097279
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt050
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt082
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0112
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0157
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0153
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0554
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt010053808
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99990
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt07097279
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01456522
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01462253
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01413362
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01386428
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01378714
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07097279
IRS990ScheduleA/TotalSupportAmt07097833
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02384709
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07267718
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09652427
IRS990ScheduleD/EquipmentGrp/BookValueAmt0145846
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01361479
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01507325
IRS990ScheduleD/ExpensesSubtotalAmt01729277
IRS990ScheduleD/LandGrp/BookValueAmt0239972
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0239972
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0400886
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt178470
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt251692
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENTS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2SECURITY DEPOSITS SAVINGS - OZARK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045329
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11327
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt272
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PET DEPOSITS REFUNDABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED S/D INTEREST PAYA
IRS990ScheduleD/RevenueSubtotalAmt02069509
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02770527
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0531048
IRS990ScheduleD/TotalExpensesPerForm990Amt01729277
IRS990ScheduleD/TotalLiabilityAmt046728
IRS990ScheduleD/TotalRevenuePerForm990Amt02069509
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02069509
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01729277
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GORMAN TOWERS, INC. OPERATES ON A NON-PROFIT BASIS AND PROVIDES HOUSING FOR THE ELDERLY AND HANDICAPPED. GORMAN TOWERS, INC CONSISTS OF 150 UNITS (APARTMENTS) AND IS REGULATED BY THE US DEPT OF HOUSING & URBAN DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING BODY REVIEWED FORM 990 BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GORMAN TOWERS, INC. SUBMITS ALL DOCUMENTS AND POLICIES TO THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AND THESE DOCUMENTS ARE A MATTER OF PUBLIC RECORD.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03551810
IRS990/TotalAssetsEOYAmt03620907
IRS990/TotalAssetsGrp/BOYAmt03551810
IRS990/TotalAssetsGrp/EOYAmt03620907
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0173058
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01556219
IRS990/TotalFunctionalExpensesGrp/TotalAmt01729277
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04463993
IRS990/TotalLiabilitiesEOYAmt04192858
IRS990/TotalLiabilitiesGrp/BOYAmt04463993
IRS990/TotalLiabilitiesGrp/EOYAmt04192858
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-912183
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-571951
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0-24783
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0-24783
IRS990/TotalProgramServiceExpensesAmt01556219
IRS990/TotalProgramServiceRevenueAmt02069459
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02069509
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02069509
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03551810
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03620907
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0701 SOUTH 21ST STREET
IRS990/USAddress/CityNm0FORT SMITH
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072901
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-03-07 01:45:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DR WILLIAM HUTCHINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0BOARD PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05017827268
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-12-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GORMAN TOWERS INC
ReturnHeader/Filer/BusinessNameControlTxt0GORM
ReturnHeader/Filer/EIN0710508225
ReturnHeader/Filer/PhoneNum04797827268
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1526
ReturnHeader/Filer/USAddress/CityNm0FORT SMITH
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072902
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0710667874
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JIMMY D HALL & ASSOCIATES CPA'S
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03307 OLD GREENWOOD RD STE C
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FORT SMITH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0729035459
ReturnHeader/PreparerPersonGrp/PhoneNum04797833100
ReturnHeader/PreparerPersonGrp/PreparationDt02022-12-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JIMMY D HALL CPA
ReturnHeader/ReturnTs02023-01-11T10:02:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILLIAM
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUTCHINSON
ReturnHeader/TaxPeriodBeginDt02021-09-01
ReturnHeader/TaxPeriodEndDt02022-08-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • $1M-$5M nonprofits