Findlay House Inc
- Assets
- $3.9m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Bronx, NY
- Founding
- 12/1972
- Data as of
- 03/2022
- EIN
- 13-2689955
Organization Overview
Findlay House Inc is located in Bronx, NY. The organization was established in 1972. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 03/2022, Findlay House Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Findlay House 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 03/2022, Findlay House Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $2.3m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 7 years. 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
PROVIDES LOW-INCOME HOUSING TO QUALIFIED APPLICANTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING 227 HOUSING UNITS TO LOW INCOME SENOIR CITIZENS IN THE BRONX.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Horace Henry Managing Age | Officer | $0 | |
Alex Abrams Vice Chairma | Trustee | $0 | |
Jerry Gordon Trustee | Trustee | $0 | |
Mark Busgang Chairman | Trustee | $0 | |
Melina Stratos Secretary | Trustee | $0 | |
Henry Burr Trustee | Trustee | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Proto Restoration Construction Construction | 3/30/17 | $301,718 |
Winfield Security Security | 3/30/17 | $120,743 |
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 | $1,866,174 |
| Investment income | $0 |
| 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 | $1,866,174 |
| 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 | $262,631 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,257 |
| Payroll taxes | $25,449 |
| Fees for services: Management | $201,629 |
| Fees for services: Legal | $23,540 |
| Fees for services: Accounting | $27,000 |
| 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 | $20,014 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,234 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $241,835 |
| Insurance | $300,235 |
| All other expenses | $188,859 |
| Total functional expenses | $2,269,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,280 |
| Savings and temporary cash investments | $375,927 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,906 |
| 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 | $26,342 |
| Net Land, buildings, and equipment | $3,131,365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $139,887 |
| Total assets | $3,911,707 |
| Accounts payable and accrued expenses | $530,575 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $145,021 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,347,220 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,044,704 |
| Total liabilities | $7,067,520 |
| Net assets without donor restrictions | -$3,155,813 |
| 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 | $3,911,707 |
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