Illyrian Gardens Inc
- Assets
- $2.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 09/1982
- Data as of
- 12/2022
- EIN
- 04-2761051
Organization Overview
Illyrian Gardens Inc is located in Worcester, MA. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illyrian Gardens 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 12/2022, Illyrian Gardens Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED ELDERLY AND DISABLED INDIVIDUALS. CURRENTLY, THE ORGANIZATION OPERATES ONE PROGRAM, UNDER SECTION 8 HOUSING ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING TO ELDERLY AND HANDICAPPED INDIVIDUALS. THERE ARE 64 UNITS FOR THE ELDERLY AND 8 HANDICAP UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Johns President | OfficerTrustee | 1 | $0 |
Robert Laska Treasurer | OfficerTrustee | 0 | $0 |
Peter Thamel Clerk | OfficerTrustee | 1 | $0 |
FR Mark Doku Director | Trustee | 1 | $0 |
Orjana Terova Director | Trustee | 0 | $0 |
Brian Thamel Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $974,110 |
| 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 | $974,110 |
| Total Program Service Revenue | $293,789 |
| Investment income | $906 |
| 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 | $1,268,805 |
| 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 | $175,017 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,312 |
| Payroll taxes | $18,207 |
| Fees for services: Management | $87,647 |
| Fees for services: Legal | $4,632 |
| Fees for services: Accounting | $9,839 |
| 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 | $16,468 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $152,095 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,318 |
| Insurance | $46,778 |
| All other expenses | $60,496 |
| Total functional expenses | $1,066,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,568 |
| 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 | $33,546 |
| Net Land, buildings, and equipment | $646,251 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48,605 |
| Other assets | $1,316,365 |
| Total assets | $2,064,611 |
| Accounts payable and accrued expenses | $105,633 |
| Grants payable | $0 |
| Deferred revenue | $2,174 |
| 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 | $2,528,974 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,769 |
| Total liabilities | $2,657,550 |
| Net assets without donor restrictions | -$592,939 |
| 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 | $2,064,611 |