Mission
TO SHARE CHRIST'S LOVE AS WE SERVE THE SPIRITUAL, PHYSICAL, INTELLECTUAL AND EMOTIONAL NEEDS OF PEOPLE ENTRUSTED TO OUR CARE AND OTHERS WHOSE LIVES WE TOUCH.
Public Charity
FAITH RESIDENCE APARTMENTS INC
Based in BELLE PLAINE, MN, FAITH RESIDENCE APARTMENTS INC operates as a Public Charity. The organization reported $94K in revenue, $126K in expenses, $582K in total assets for fiscal year 2025.
EIN: 200423817
BELLE PLAINE, MN
Senior Citizens Housing & Retirement Communities
NTEE: L22
Latest filing: 2025
Total Revenue$94K
Total Expenses$126K
Total Assets$582K
Grant Records0
Filing Years2021–2025
Where $100 goes at Faith Residence Apartments Inc
How Faith Residence Apartments Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$62
Programs
the work itself
$38
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $62 for programs
$62
Faith Residence Apartments, inc
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Officers & Directors
PRESIDENT &
Mark Hayes
DIRECTOR
Mr Jon Maertz
SECRETARY
Mr Lance Schwartz
DIRECTOR
Mr Randy Niemann
DIRECTOR
Mr Thomas Groom
TREASURER
Mr Tim Schuth
Officer compensation and complete director data available with membership.
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $94K | $126K | $582K |
| 2024 | $92K | $119K | $601K |
| 2023 | $76K | $118K | $632K |
| 2022 | $76K | $111K | $673K |
| 2021 | $74K | $108K | $710K |
Between 2021 and 2025, reported annual revenue grew from $74K to $94K (+27%), with total assets most recently reported at $582K.
Interactive year-over-year charts and full filing details available with membership.