Senior Citizens Housing Committee Inc
- Assets
- $15.0m
- Revenue
- $1.6m
- Investments
- $12.0m
- Employees
- 7
- Location
- Greenlawn, NY
- Founding
- 03/1980
- Data as of
- 12/2022
- EIN
- 11-2426215
Organization Overview
Senior Citizens Housing Committee Inc is located in Greenlawn, NY. The organization was established in 1980. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Senior Citizens Housing Committee Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Senior Citizens Housing Committee Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Senior Citizens Housing Committee Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PLAN & DEVELOP AND MANAGE SENIOR CITIZEN HOUSING PROJECTS CONSISTING OF 362 UNITS,FIVE PROJECTS,IN THREE LOCATIONS. ACTIVELY SEARCH FOR NEW SENIOR CITIZEN HOUSING PROJECTS TO PROCURE.PROVIDE SENIOR SERVICES AND CAPITAL IMPROVEMENTS FOR THE RESIDENTS OF THE RELATED NOT FOR PROFIT HOUSING PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEEK OUT POTENTIAL LOCATIONS, IMPROVE AND UPDATE AND MANAGE LOW INCOME SENIOR CITIZENS HOUSING UNITS OF AFFILIATES, ACQUIRE LAND, PLAN FOR LOW INCOME SENIOR CITIZENS HOUSING UNITS AND SEEK PRIVATE FINANCING BY LOW INCOME HOUSING CREDITS AND FEDERAL FUNDING FOR CONSTRUCTION AND RENOVATION OF LOW INCOME SENIOR CITIZENS HOUSING UNITS. PROVIDE AND MANAGE SENIOR SERVICES TO THE RESIDENTS OF THE AFFILIATED HOUSING PROJECTS.IN 2022, THE ORGANIZATION HIRED A CONTRACTOR TO REPLACE THE BATHROOM VANITIES, MIRRORS AND DO PAINTING OF PAUMANACK VILLAGE V & VI APARTMENT BUILDINGS. THE TOTAL COST FOR THESE IMPROVEMENTS WAS $130,083 AND HAS BEEN PAID BY THE ORGANIZATION AND GRANTED TO PAUMANACK VILLAGE V & VI. THEY ALSO PAID FOR NEW GAZEBOS FOR THE RESIDENTS OF PAUMANACK VILLAGES 5 & 6 FOR A TOTAL COST OF $39,295 WHICH HAS BEEN GRANTED TO THESE PROJECTS. IN 2022, THE ORGANIZATION PROVIDED MANAGERIAL OVERSIGHT DURING THE BIDDING AND INSTALLATION PROCESS OF NEW ROOFS TO BE INSTALLED AT PAUMANACK VILLAGES II AND III.IN 2022, THE ORGANIZATION PAID FOR PROJECT IMPROVEMENTS TO THE SEWAGE TREATMENT PLANT ROOF AND DRIVEWAY AS WELL AS OTHE SITE IMPROVEMENTS FOR A TOTAL COST OF $140,904.THE ORGANIZATION OVERSEES ALL WORK TO BE DONE FROM PLANNING AND BIDDING TO THE INSTALLATION OF ALL IMPROVEMENTS DONE AT EACH SITE AND WORKS CLOSELY WITH ALL CONTRACTORS HIRED. THE ORGANIZATION PROVIDES DAILY MANAGEMENT, OPERATIONAL AND ENGINEERING SUPPORT FOR THE SEWAGE TREATMENT PLANT THAT SERVICES FOUR SENIOR CITIZEN HOUSING PROJECTS. THE SEWAGE TREATMENT PLANT IS OVER 35 YEARS OLD WHICH RESULTS IN MORE FREQUENT REPAIRS AND CONSULTING NEEDED TO KEEP THE PLANT AND PUMP STATIONS OPERATIONAL.MANAGEMENT IS PLANNING TO SET ASIDE $3,445,000 OF FUNDS TO HELP FINANCE THE BUYOUT OF TWO LOW INCOME HOUSING AFFILIATES, PAUMANACK VILLAGE II OWNER LP AND PAUMANACK VILLAGE III OWNER LP AT THE EXPIRATION OF THE LIFE OF THE LIMITED PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Davidson President | OfficerTrustee | 50 | $232,380 |
John Zanfino VP Of Finance, Director | Trustee | 25 | $41,975 |
Janice Dalessio VP Of Management Services, | OfficerTrustee | 25 | $29,281 |
Jeffrey Hartman VP Of Engineering Services | Trustee | 30 | $109,376 |
Lawrence W Cregan VP Of Legal Services, Dire | Trustee | 40 | $143,690 |
Vincent Frigeria III Corporate Secretary, Direc | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,351,451 |
| 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 | $1,351,451 |
| Total Program Service Revenue | $270,000 |
| Investment income | $343,281 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$372,339 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,592,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $169,378 |
| 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. | $742,793 |
| Compensation of current officers, directors, key employees. | $396,840 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $136,600 |
| Other employee benefits | $40,633 |
| Payroll taxes | $51,169 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,856 |
| Fees for services: Accounting | $21,550 |
| 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 | $5,843 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,536 |
| Travel | $1,672 |
| 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 | $791 |
| Insurance | $8,363 |
| All other expenses | $826 |
| Total functional expenses | $1,355,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,555 |
| Savings and temporary cash investments | $367,243 |
| Pledges and grants receivable | $1,351,451 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,284,393 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,393 |
| Net Land, buildings, and equipment | $21,701 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,957,323 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,071 |
| Total assets | $15,036,130 |
| Accounts payable and accrued expenses | $45,131 |
| 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 | $0 |
| Total liabilities | $45,131 |
| Net assets without donor restrictions | $14,990,999 |
| 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 | $15,036,130 |
Grants Awarded
Over the last fiscal year, Senior Citizens Housing Committee Inc has awarded $169,378 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HSC NO 5 HOUSING DEVELOPMENT FUND CO INC PURPOSE: PAID FOR CONSTRUCTION COSTS TO PAVE, RESTRIPE AND REDO CONCRETE SIDEWALKS THAT WILL BENEFIT RESIDENTS OF THE HOUSING PROJECT IN ACCORDANCE WITH THE NOT FOR PROFIT MISSION FOR PROVIDING HOUSING FOR THE ELDERLY AND DISABLED. | $118,565 |
HSC NO 6 HOUSING DEVELOPMENT FUND CO INC PURPOSE: PAID FOR CONSTRUCTION COSTS TO PAVE, RESTRIPE AND REDO CONCRETE SIDEWALKS THAT WILL BENEFIT RESIDENTS OF THE HOUSING PROJECT IN ACCORDANCE WITH THE NOT FOR PROFIT MISSION FOR PROVIDING HOUSING FOR THE ELDERLY AND DISABLED. | $50,813 |