Wartburg Housing Development Fund Corporation
- Assets
- $2.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 4
- Location
- Scarsdale, NY
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 11-3051052
Organization Overview
Wartburg Housing Development Fund Corporation is located in Scarsdale, NY. The organization was established in 1991. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Wartburg Housing Development Fund Corporation employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Wartburg Housing Development Fund Corporation 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, Wartburg Housing Development Fund Corporation generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. While expenses have increased by 4.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR LOW INCOME AND INDIGENT PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 87 UNITS OF INDEPENDENT LIVING, HUD SUBSIDIZED HOUSING FOR ELDERLY PEOPLE AGES 62 AND OLDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Mazer Chair | OfficerTrustee | 1 | $0 |
Laraine Fellegara CEO | Officer | 1 | $0 |
Theresa Nicholson Director Of Finance (thru March 2021) | Officer | 1 | $0 |
Kathleen Mcevoy Director Of Finance | Officer | 1 | $0 |
Rev Dr Alfred Thiagarajan Board Member | Trustee | 1 | $0 |
Jim Regan Secretary | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Security Associates Security Guards | 12/30/20 | $208,125 |
Nyplmlc New York Plumbing Heating Cool Boiler Repair, Plumbing | 12/30/20 | $235,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $48,029 |
| 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 | $48,029 |
| Total Program Service Revenue | $1,422,393 |
| Investment income | $339 |
| 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 | $1,475,098 |
| 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 | $198,736 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,876 |
| Payroll taxes | $11,132 |
| Fees for services: Management | $85,053 |
| Fees for services: Legal | $5,640 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $315,387 |
| Advertising and promotion | $1,133 |
| Office expenses | $55,447 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $469,674 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,199 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $207,045 |
| Insurance | $97,614 |
| All other expenses | $0 |
| Total functional expenses | $1,556,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,548 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,355 |
| 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 | $17,782 |
| Net Land, buildings, and equipment | $2,006,092 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,410 |
| Total assets | $2,345,187 |
| Accounts payable and accrued expenses | $155,838 |
| 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 | $2,823,003 |
| Total liabilities | $2,978,841 |
| Net assets without donor restrictions | -$633,654 |
| 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 | $2,345,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Springpoint Senior Living Inc Cherry Hill, NJ | $72,542,176 | $10,591,630 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Michaels Community Services Corporation Camden, NJ | $48,473,807 | $8,637,574 |
Rebuilding Together Pittsburgh Pittsburgh, PA | $2,584,527 | $5,910,311 |