St James Retirement Community Inc
- Assets
- $3.6m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Oneonta, NY
- Founding
- 04/1998
- Data as of
- 12/2022
- EIN
- 14-1798729
Organization Overview
St James Retirement Community Inc is located in Oneonta, NY. The organization was established in 1998. 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 12/2022, St James Retirement Community Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St James Retirement Community 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, St James Retirement Community Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 2.8% 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
ST. JAMES' RETIREMENT COMMUNITY, INC.WAS ORGANIZED TO DEVELOP AND MAINTAIN AN AFFORDABLE HOUSING PROJECT, KNOWN AS ST. JAMES' MANOR, FOR ELDERLY PERSONS IN ONEONTA, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND MANAGE, ON A NON-PROFIT BASIS, AN AFFORDABLE HOUSING PROJECT FOR ELDERLY PERSONS AND LOW INCOME ELDERLY PERSONS AS DEFINED BY STATE AND FEDERAL LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Clarkson Executive Direc | Officer | 40 | $90,663 |
Marilyn Ball Director | Trustee | 1 | $0 |
Donald Ball Director | Trustee | 1 | $0 |
Joe Harby Director | Trustee | 1 | $0 |
Scott Davis Director | Trustee | 1 | $0 |
John Haight President | OfficerTrustee | 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 | $1,128,899 |
| Investment income | $1,079 |
| 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 | $1,124,938 |
| 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. | $90,663 |
| Compensation of current officers, directors, key employees. | $45,331 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $394,187 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,805 |
| Payroll taxes | $41,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,883 |
| Fees for services: Accounting | $5,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,725 |
| Advertising and promotion | $3,839 |
| Office expenses | $2,621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $62,802 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,274 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $288,375 |
| Insurance | $28,220 |
| All other expenses | $61,021 |
| Total functional expenses | $1,240,305 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,407 |
| Savings and temporary cash investments | $711,898 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,703 |
| 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 | $39,792 |
| Net Land, buildings, and equipment | $2,791,443 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,613,243 |
| Accounts payable and accrued expenses | $12,727 |
| 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 | $190,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,883,642 |
| Total liabilities | $3,086,369 |
| Net assets without donor restrictions | $526,874 |
| 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 | $3,613,243 |