Meadow Park Independent Living INC

EIN: 651095074 501(c)(3) Housing & Shelter

KANSAS CITY, MO

Total Revenue
$651,388
Total Expenses
$824,533
Total Assets
$2,006,411
Net Assets
$1,914,911
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
FL
Principal Officer
Israel Wilhelm
Phone
8168613829
Tax Period
2024-07-01 to 2025-06-30

Meadow Park Independent Living INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $651K in total revenue in fiscal year 2024. Expenses of $825K exceeded revenue, resulting in a 27% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Program Service Accomplishments

Program 1
Expenses: $761,363 Revenue: $148,927

The organization provides safe and affordable subsidized apartment rental housing to low-income adults age 62 and older. The corporation owns and operates an apartment building consisting of 44 units...

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The organization provides safe and affordable subsidized apartment rental housing to low-income adults age 62 and older. The corporation owns and operates an apartment building consisting of 44 units located in Sarasota, Florida.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $498,593
Program Service Revenue $148,927
Investment Income $3,868
Other Revenue $0
TOTAL REVENUE $651,388

Expense Breakdown

Grants Paid $0
Salaries & Benefits $170,958
Fundraising Expenses $0
Program Expenses $761,363
Other Expenses $653,575
TOTAL EXPENSES $824,533

Year-over-Year Comparison

2024 2023 Change
Revenue $651,388 $634,137 +0.0%
Expenses $824,533 $587,177 +0.4%
Net Income $-173,145 $46,960 -4.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
5
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$31,200
Total Directors
6
$31,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Israel Wilhelm President 0.0
Officer Director
$0 $1,200 $31,200
Levy Brook Sec./Treasurer 0.0
Officer Director
$0 $0 $0
Abraham Lapine Director 0.0
Director
$0 $0 $0
Deborah Friedman Director 0.0
Director
$0 $0 $0
William Franklyn Richardson Director 0.0
Director
$0 $0 $0
Russell Grudhauser Director 0.0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $651,388 $824,533 $2,006,411 $-173,145
2024 $634,137 $587,177 $2,185,254 $46,960
2023 $539,903 $497,837 $2,198,454 $42,066
2022 $380,636 $447,017 $2,079,450 $-66,381
2021 $313,190 $430,289 $2,148,148 $-117,099
2020 $320,354 $369,634 $2,255,300 $-49,280
2019 $312,264 $385,866 $2,281,917 $-73,602
2018 $318,151 $373,635 $2,363,359 $-55,484
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