Elderly Housing Management Inc
- Assets
- $2.4m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 228
- Location
- North Haven, CT
- Founding
- 06/1980
- Data as of
- 09/2021
- EIN
- 06-6049011
Organization Overview
Elderly Housing Management Inc is located in North Haven, CT. The organization was established in 1980. 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 09/2021, Elderly Housing Management Inc employed 228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elderly Housing Management 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 09/2021, Elderly Housing Management Inc generated $12.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $12.4m during the year ending 09/2021. While expenses have increased by 2.2% 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
PROVIDE MANAGEMENT AND OTHER RELATED SERVICES TO LOW AND MODERATE INCOME ELDERLY HOUSING PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT SERVICES FOR LOW INCOME ELDERLY HOUSING COMPLEXES AND OTHER RELATED ACTIVITIES ASSOCIATED WITH THE MANAGEMENT OF THESE FACILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reginald W H Fairbairn CEO | Officer | 20 | $155,608 |
Tammy Lautz Director Of Property Mgmt | 40 | $155,223 | |
Marie Lapointe Comptroller | Trustee | 20 | $129,973 |
Sallyann Norton Director Of Human Resource | 40 | $124,341 | |
Deborah Pelletier Asset Manager | 40 | $107,532 | |
Sabine Cox Accounting Director | 40 | $107,368 |
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 | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $12,433,195 |
| Investment income | $18,946 |
| 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 | $12,461,730 |
| 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. | $288,116 |
| Compensation of current officers, directors, key employees. | $288,116 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,483,493 |
| Pension plan accruals and contributions | $81,035 |
| Other employee benefits | $142,344 |
| Payroll taxes | $131,023 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,738 |
| Fees for services: Accounting | $19,759 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,781 |
| Advertising and promotion | $0 |
| Office expenses | $105,502 |
| Information technology | $127,409 |
| Royalties | $0 |
| Occupancy | $146,026 |
| Travel | $26,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,639 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,788 |
| Insurance | $89,100 |
| All other expenses | $2,582 |
| Total functional expenses | $12,391,512 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $451,921 |
| Savings and temporary cash investments | $732,299 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $437,150 |
| 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 | $151,188 |
| Net Land, buildings, and equipment | $33,076 |
| Investments—publicly traded securities | $376,321 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,183 |
| Total assets | $2,357,138 |
| Accounts payable and accrued expenses | $603,791 |
| 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 | $76,135 |
| Total liabilities | $679,926 |
| Net assets without donor restrictions | $1,677,212 |
| 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 | $2,357,138 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
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 |
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 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |