Housing For Rockdale Elders Inc
- Assets
- $775.7k
- Revenue
- $511.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Worcester, MA
- Founding
- 09/1983
- Data as of
- 10/2020
- EIN
- 04-2799671
Organization Overview
Housing For Rockdale Elders Inc is located in Worcester, MA. The organization was established in 1983. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Housing For Rockdale Elders 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 10/2020, Housing For Rockdale Elders Inc generated $511.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $513.4k during the year ending 10/2020. While expenses have increased by 0.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 40 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN NORTHBRIDGE, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 40 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN NORTHBRIDGE, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Foley Clerk/resident Agent | Officer | 1 | $0 |
William Minkle President/ Treasurer (thru 8/2/2020) | Officer | 1 | $0 |
Karen Koller President/ceo | Officer | 1 | $0 |
Kimberly R Morrison Director | Trustee | 1 | $0 |
Jane Bisaillon Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,972 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,068 |
| Statement of Expenses | |
|---|---|
| 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 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 | $38,534 |
| Fees for services: Legal | $185 |
| Fees for services: Accounting | $10,162 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,505 |
| Advertising and promotion | $296 |
| Office expenses | $21,842 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $205,143 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $563 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $67,790 |
| Insurance | $1,947 |
| All other expenses | $0 |
| Total functional expenses | $513,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,814 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,655 |
| 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 | $23,009 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,581 |
| Total assets | $775,706 |
| Accounts payable and accrued expenses | $51,684 |
| Grants payable | $0 |
| Deferred revenue | $790 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,384 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,771,879 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,836,737 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$1,061,031 |
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