Clara Welch Thanksgiving Home Inc
- Assets
- $7.8m
- Revenue
- $2.8m
- Investments
- $731.8k
- Employees
- 0
- Location
- Cooperstown, NY
- Founding
- 08/1938
- Data as of
- 12/2020
- EIN
- 15-0543655
Organization Overview
Clara Welch Thanksgiving Home Inc is located in Cooperstown, NY. The organization was established in 1938. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Clara Welch Thanksgiving Home 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 12/2020, Clara Welch Thanksgiving Home Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2020. While expenses have increased by 1.0% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF HOME FOR AGED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Vilacky Director | 40 | $98,077 | |
Laurie Blatt Director | 40 | $76,525 | |
Laurie Butts Dining Service Manag | 40 | $64,896 | |
Frank Miller Facilities Manager | 40 | $63,150 | |
Angela Proietti Personal Care Mgr | 40 | $62,864 | |
Edward Gozigian VP / Dir | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,762,080 |
| Interest on Savings | $0 |
| Dividends & Interest | $25,470 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,010,623 |
| Total Revenue | $2,798,173 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,267,638 |
| Pension plans, employee benefits | $124,309 |
| Interest | $0 |
| Taxes | $73,035 |
| Depreciation | $293,085 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $632,719 |
| Total operating and administrative expenses | $2,411,440 |
| Contributions, gifts, grants paid | $6,000 |
| Total expenses and disbursements | $2,417,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,655,143 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,432,189 |
| Other assets | $0 |
| Total assets | $7,819,153 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,000 |
Grants Awarded
Over the last fiscal year, Clara Welch Thanksgiving Home Inc has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Cooperstown, NY PURPOSE: DONATION | $5,000 |
COOPERSTOWN EMERGENCY MEDICAL SQUAD PURPOSE: DONATION | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Clara Welch Thanksgiving Home Inc has recieved totaling $1,750,000.
| Awarding Organization | Amount |
|---|---|
Clark Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,700,000 |
Fernleigh Foundation New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
Wellspan Properties Inc York, PA | $178,389,137 | $19,225,192 |
Rebecca Residence Allison Park, PA | $63,370,668 | $20,665,205 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Alliance For Behavioral & Developmental Disabilities Ltd Hermitage, PA | $7,380,317 | $14,591,071 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |