Willsboro Senior Housing Corp
- Assets
- $548.1k
- Revenue
- $105.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Willsboro, NY
- Founding
- 05/1991
- Data as of
- 12/2021
- EIN
- 14-1730476
Organization Overview
Willsboro Senior Housing Corp is located in Willsboro, NY. The organization was established in 1991. 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 12/2021, Willsboro Senior Housing Corp employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Willsboro Senior Housing Corp 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, Willsboro Senior Housing Corp generated $105.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $120.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) 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
TO PROVIDE ECONOMICAL HOUSING FOR SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 12 UNITS OF AFFORDABLE SENIOR CITIZEN/HANDICAP ACCESSIBLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Lacey Curler Manager | Officer | 10 | $19,636 |
Charles Lustig President | OfficerTrustee | 1 | $0 |
Norma Goff Secretary/treas | OfficerTrustee | 1 | $0 |
Bill Mcclay Vice President | OfficerTrustee | 1 | $0 |
Travis Crowningshield Director | Trustee | 1 | $0 |
Vicki Dickerson Director | Trustee | 1 | $0 |
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 | $105,203 |
| Investment income | $5 |
| 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 | $105,208 |
| 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. | $17,136 |
| Compensation of current officers, directors, key employees. | $17,136 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,500 |
| Payroll taxes | $3,777 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $244 |
| Office expenses | $847 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,557 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,209 |
| Insurance | $7,914 |
| All other expenses | $3,959 |
| Total functional expenses | $120,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,800 |
| Savings and temporary cash investments | $41,171 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,544 |
| Net Land, buildings, and equipment | $502,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $548,092 |
| Accounts payable and accrued expenses | $4,330 |
| Grants payable | $0 |
| Deferred revenue | $532 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $5,208 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $465,062 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $349 |
| Total liabilities | $475,481 |
| Net assets without donor restrictions | $72,611 |
| 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 | $548,092 |
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