Coburg Village Inc
- Assets
- $43.5m
- Revenue
- $14.4m
- Investments
- $3.0m
- Employees
- 219
- Location
- Rexford, NY
- Founding
- 05/2006
- Data as of
- 12/2022
- EIN
- 11-3211085
Organization Overview
Coburg Village Inc is located in Rexford, NY. The organization was established in 2006. 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 12/2022, Coburg Village Inc employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coburg Village 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 12/2022, Coburg Village Inc generated $14.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $10.5m during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 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
A MINISTRY OF HEALING, HOSPITALITY, AND COMMUNITY THROUGH PARTNERSHIP AND CARING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A 288 UNIT INDEPENDENT LIVING COMPLEX FOR THE ELDERLY
OPERATION OF A CONVENIENCE STORE TO FURTHER FACILITATE THE INDEPENDENT LIVING ENVIRONMENT OF COBURG VILLAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur Upright Chair | OfficerTrustee | 1 | $0 |
Rev Adam Wiegand Board Of Directors Member | Trustee | 1 | $0 |
Ed Kleinke Vice Chair | OfficerTrustee | 1 | $0 |
Dave Hahn Secretary/treasurer | OfficerTrustee | 1 | $0 |
Christopher Jones Board Of Directors Member | Trustee | 1 | $0 |
Grace Hokanson Board Of Directors Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sysco Food Service Of Albany Food Service | 12/30/22 | $669,129 |
The Lutheran Care Network Management Fees | 12/30/22 | $497,046 |
Centimark Corporation Roofing | 12/30/22 | $353,670 |
Eastern Heating & Cooling Inc Construction | 12/30/22 | $428,207 |
Capital Land Flooring Company Llc Flooring | 12/30/22 | $287,016 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,858 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,358 |
| Total Program Service Revenue | $14,348,288 |
| Investment income | $81,020 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$61,799 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,391,941 |
| 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 | $2,955,940 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $585,434 |
| Payroll taxes | $0 |
| Fees for services: Management | $497,046 |
| Fees for services: Legal | $31,436 |
| Fees for services: Accounting | $23,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $368,298 |
| Advertising and promotion | $132,260 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,250,512 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $998,056 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,609,419 |
| Insurance | $221,299 |
| All other expenses | $0 |
| Total functional expenses | $10,455,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,872 |
| Savings and temporary cash investments | $6,704,928 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,704 |
| 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 | $309,364 |
| Net Land, buildings, and equipment | $32,183,611 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,025,055 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,278,841 |
| Total assets | $43,519,375 |
| Accounts payable and accrued expenses | $520,083 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $21,765,269 |
| 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 | $4,180,797 |
| Total liabilities | $26,466,149 |
| Net assets without donor restrictions | $17,053,226 |
| 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 | $43,519,375 |