Jgs Housing Services Inc
- Assets
- $9.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 103
- Location
- Longmeadow, MA
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 04-3321157
Organization Overview
Jgs Housing Services Inc is located in Longmeadow, MA. The organization was established in 1997. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Jgs Housing Services Inc employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jgs Housing Services 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, Jgs Housing Services Inc generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. 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 ASSISTED LIVING TO THE ELDER POPULATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE ASSISTED LIVING TO THE ELDER POPULATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Berman President And CEO | OfficerTrustee | 1 | $0 |
Barry Berman CEO Emeritus- Chief Philanthropy Officer | OfficerTrustee | 1 | $0 |
Rudy D'agostino Treasurer | OfficerTrustee | 1 | $0 |
Carol Casartello Clerk | OfficerTrustee | 1 | $0 |
Stuart Anfang Chair | OfficerTrustee | 1 | $0 |
Michael Hirshberg Treasurer - Through Oct 2021 | OfficerTrustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hpc Food Service Food | 12/30/16 | $130,825 |
Healthcare Services Group Housekeeping | 12/30/16 | $112,243 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,080,192 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $17 |
| 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 | $3,080,209 |
| 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 | $1,808,826 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,976 |
| Payroll taxes | $147,870 |
| Fees for services: Management | $138,240 |
| Fees for services: Legal | $2,901 |
| Fees for services: Accounting | $11,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $259,210 |
| Advertising and promotion | $387 |
| Office expenses | $50,183 |
| Information technology | $52,155 |
| Royalties | $0 |
| Occupancy | $343,586 |
| Travel | $1,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $344,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $357,663 |
| Insurance | $120,085 |
| All other expenses | $54,812 |
| Total functional expenses | $4,302,056 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $602,886 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $192,878 |
| 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 | $33,597 |
| Net Land, buildings, and equipment | $8,636,720 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,240 |
| Total assets | $9,477,321 |
| Accounts payable and accrued expenses | $354,302 |
| Grants payable | $0 |
| Deferred revenue | $49,678 |
| 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 | $354,322 |
| Other liabilities | $187,015 |
| Total liabilities | $945,317 |
| Net assets without donor restrictions | $8,532,004 |
| 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 | $9,477,321 |
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