Union Towers Senior Citizens Inc
- Assets
- $659.2k
- Revenue
- $75.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Weymouth, MA
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 04-2547773
Organization Overview
Union Towers Senior Citizens Inc is located in Weymouth, MA. The organization was established in 1995. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Towers Senior Citizens Inc 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 12/2021, Union Towers Senior Citizens Inc generated $75.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $60.4k during the year ending 12/2021. While expenses have increased by 10.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND COORDINATE SUPPORT SERVICES TO THE ELDERLY, SPECIFICALLY LOW-INCOME ELDERLY OF HUD
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING UNITS ARE PROVIDED TO THE COMMUNITY, INCLUDING TO APPLICANTS FROM A LARGE POOL OF SUBSIDIZED TENANTS WHO ARE NOT READILY ACCEPTED AT OTHER QUALITY HOUSING UNITS.
WASHING & DRYER VENDING MACHINES ARE MAINTAINED ON SITE FOR THE CONVENIENCE OF OVER 225 LOW-INCOME SENIOR CITIZENS AT RATES LOWER THAN MARKET RATES. PROFITS ARE USED TO SUPPORT SOCIAL PROGRAMS AND A COMPUTER LEARNING CENTER AT HUD REGULATED ELDERLY HOUSING PROJECTS.
SOCIAL DIRECTOR COORDINATES VOLUNTEERS TO SUPPORT LOW-INCOME SENIOR CITIZENS WITH PERIODIC AND ANNUAL ON-SITE SOCIAL EVENTS, VARIOUS TRIPS, AND OTHER ACTIVITIES FOR A FULFILLING AND DIGNIFIED LIFE.
LAND WAS PURCHASED AND IMPROVED (ADJACENT TO A LOW-INCOME ELDERLY HOUSING PROJECT) FOR A PARKING LOT TO MEET THE NEED CAUSED BY A SHORTAGE OF PARKING SPACES AT THE PROJECT. 22 ADDITIONAL SPACES ARE AVAILABLE FOR USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Johnson President | OfficerTrustee | 0.2 | $0 |
Brian Morley Vice President | OfficerTrustee | 0.2 | $0 |
Michael Pearson Director | OfficerTrustee | 0.2 | $0 |
Lauren Gates Director | OfficerTrustee | 0.2 | $0 |
Lee Deveau Clerk | Trustee | 0.2 | $0 |
Richard Pearson Treasurer | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,600 |
| Total Program Service Revenue | $63,747 |
| Investment income | $618 |
| 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 | $74,965 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,400 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $18,354 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,008 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,236 |
| Insurance | $2,658 |
| All other expenses | $0 |
| Total functional expenses | $60,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,485 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $336,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $659,222 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,650 |
| Total liabilities | $2,650 |
| Net assets without donor restrictions | $656,572 |
| 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 | $659,222 |
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