Augustus & James Corporation
- Assets
- $14.9m
- Revenue
- $12.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 13-3392851
Organization Overview
Augustus & James Corporation is located in New York, NY. The organization was established in 1992. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Augustus & James 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, Augustus & James Corporation generated $12.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $11.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SUPPORT FOR ST LUKE'S-ROOSEVELT HOSPITAL CENTER AND ITS AFFILIATES THROUGH THE OWNERSHIP OF REAL ESTATE THAT SERVES THE TAX EXEMPT PURPOSES OF THE HOSPITAL CENTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MODERATE INCOME EMPLOYEES OF ST. LUKE'S- ROOSEVELT HOSPITAL CENTER HOUSING TO ENSURE THAT THESE EMPLOYEES ARE IN CLOSE PROXIMITY OF THE HOSPITAL TO SUPPORT ITS PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Essig 1 Asst. Secretary | Officer | 0 | $0 |
Kenneth Holden 1 Vice Chair | Officer | 0.5 | $0 |
Kenneth Davis MD 1 Trustee | Trustee | 0.5 | $0 |
Jeff T Blau Trustee | Trustee | 1 | $0 |
Michael Minikes Trustee | Trustee | 1 | $0 |
Joel I Picket Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Standard Parking Corp Park. & Garage Mgmt | 12/30/21 | $810,475 |
Allied Universal Protection Svc Security | 12/30/21 | $227,439 |
Two Amsterdam Condo Building & Mgmt Svs. | 12/30/21 | $248,828 |
Olympic Torch Contracting Co Security Services | 12/30/21 | $528,860 |
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 | $9,490,543 |
| 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 | $12,141,215 |
| 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 | $1,149,947 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $275,987 |
| Payroll taxes | $0 |
| Fees for services: Management | $304,993 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,604,545 |
| Advertising and promotion | $0 |
| Office expenses | $575,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,166,094 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,013,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $833,488 |
| Insurance | $16,818 |
| All other expenses | $18,964 |
| Total functional expenses | $10,959,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,429,717 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $685,985 |
| 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 | $270,436 |
| Net Land, buildings, and equipment | $6,484,166 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,994,827 |
| Total assets | $14,865,131 |
| Accounts payable and accrued expenses | $1,256,318 |
| 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 | $98,571,591 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $209,997 |
| Total liabilities | $100,037,906 |
| Net assets without donor restrictions | -$85,172,775 |
| 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 | $14,865,131 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $191,922,281 | $44,983,722 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |