Ncc Neumann Senior Housing Corporation
- Assets
- $8.8m
- Revenue
- $932.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Philadelphia, PA
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 01-0574830
Organization Overview
Ncc Neumann Senior Housing Corporation is located in Philadelphia, PA. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Ncc Neumann Senior Housing Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ncc Neumann Senior Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ncc Neumann Senior Housing Corporation generated $932.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 1.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZATION OWNS AND OPERATES A 70 UNIT AFFORDABLE HOUSING PROJECT IN PHILADELPHIA, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 70 UNIT AFFORDABLE HOUSING APARTMENT BUILDING. THE CORPORATION WAS FORMED TO PROVIDE ELDERLY PERSONS WITH LOW INCOME HOUSING FACILTIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Ickowicz Lazard, Freres | Trustee | 1 | $0 |
Katherine E Levins Director Of Government Affairs | Trustee | 1 | $0 |
Theodore Robb Chairman | OfficerTrustee | 1 | $0 |
Marie Lender Board Member | Trustee | 1 | $0 |
Kimberly Lloyd Managing Parter | OfficerTrustee | 1 | $0 |
Phili Price Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $640,019 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $640,019 |
| Total Program Service Revenue | $288,158 |
| Investment income | $78 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $932,423 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,761 |
| Pension plan accruals and contributions | $8,796 |
| Other employee benefits | $26,239 |
| Payroll taxes | $12,861 |
| Fees for services: Management | $51,236 |
| Fees for services: Legal | $225 |
| Fees for services: Accounting | $17,426 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $66 |
| Office expenses | $40,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $442,866 |
| Travel | $194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $798 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $359,902 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,158,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,910 |
| Net Land, buildings, and equipment | $7,940,420 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $803,234 |
| Total assets | $8,787,780 |
| Accounts payable and accrued expenses | $89,554 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,851 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,594,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $242,110 |
| Total liabilities | $11,946,715 |
| Net assets without donor restrictions | -$3,158,935 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,787,780 |