Elder Housing Corporation Inc
- Assets
- $10.8m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 2
- Location
- Quincy, MA
- Founding
- 11/2000
- Data as of
- 06/2021
- EIN
- 04-3437083
Organization Overview
Elder Housing Corporation Inc is located in Quincy, MA. The organization was established in 2000. 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 06/2021, Elder Housing Corporation Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elder Housing Corporation 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 06/2021, Elder Housing Corporation Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $666.8k during the year ending 06/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND FACILITIES IN THE CITY OF QUINCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND FACILITIES FOR THE AGING AND SENIOR POPULATION IN THE CITY OF QUINCY
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Clasby Jr Clerk | OfficerTrustee | 1 | $0 |
Helen Murphy President/chair Of Board | OfficerTrustee | 1 | $0 |
Julia Mccarthy Treasurer | OfficerTrustee | 1 | $0 |
John Molloy Director | Trustee | 1 | $0 |
Frank Trainor Director | Trustee | 1 | $0 |
Paul Hines Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $727,915 |
| Investment income | $3,270,049 |
| 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 | $3,997,964 |
| 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 | $85,412 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,203 |
| Payroll taxes | $2,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,188 |
| Fees for services: Accounting | $26,455 |
| 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 | $14,274 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $120,974 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,127 |
| Insurance | $38,163 |
| All other expenses | $215,860 |
| Total functional expenses | $666,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,278,858 |
| Savings and temporary cash investments | $38,572 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $850 |
| 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 | $41,565 |
| Net Land, buildings, and equipment | $7,402,299 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,762,144 |
| Accounts payable and accrued expenses | $141,841 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $38,572 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $107,333 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $287,746 |
| Net assets without donor restrictions | $9,304,399 |
| Net assets with donor restrictions | $1,169,999 |
| 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 | $10,762,144 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooksby Village Inc Peabody, MA | $455,308,698 | $77,450,637 |
Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Active Retirement Community Inc South Setauket, NY | $204,676,750 | $34,139,621 |
Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Mclean Affiliates Inc Simsbury, CT | $119,028,138 | $28,380,962 |
Israel Senior Citizens Housing Development Fund Corp New York, NY | $56,551,856 | $8,736,330 |
Woodland Pond Inc New Paltz, NY | $75,307,773 | $23,806,053 |
Lasell Village Inc Auburndale, MA | $102,869,314 | $21,782,150 |
Riverwoods Durham Durham, NH | $126,625,985 | $17,724,252 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |