Plymouth Gardens Inc
- Assets
- $4.3m
- Revenue
- $2.3m
- Investments
- $480.5k
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 08/1965
- Data as of
- 03/2022
- EIN
- 16-0904454
Organization Overview
Plymouth Gardens Inc is located in Rochester, NY. The organization was established in 1965. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Plymouth Gardens 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, Plymouth Gardens Inc generated $2.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $2.5m during the year ending 03/2022. While expenses have increased by 2.4% per year over the past 7 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
TO PROVIDE HOUSING FACILITIES FOR AGED PERSONS OF LOW INCOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLYMOUTH GARDENS, INC. OPERATES A NOT-FOR-PROFIT RENTAL PROPERTY FOR AGED PERSONS OF LOW INCOME RESIDING IN THE CITY OF ROCHESTER - 364 UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louis M D'amato ESQ Vice President | OfficerTrustee | 0 | $0 |
Richard Mueller Chairman | OfficerTrustee | 0 | $0 |
Margaret J Hill President | OfficerTrustee | 2 | $0 |
Scott Procious Treasurer/secretary | Officer | 4 | $0 |
Carol Wheeler Director | Trustee | 0 | $0 |
R Carlos Carballada Director | Trustee | 0 | $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 | $2,306,960 |
| Investment income | $127 |
| 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 | $2,307,087 |
| 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 | $399,407 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,498 |
| Payroll taxes | $0 |
| Fees for services: Management | $267,686 |
| Fees for services: Legal | $1,130 |
| Fees for services: Accounting | $11,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,226 |
| Advertising and promotion | $39,748 |
| Office expenses | $3,147 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $298,367 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $202,580 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $497,942 |
| Insurance | $153,422 |
| All other expenses | $23,358 |
| Total functional expenses | $2,500,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,328 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $572,293 |
| 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 | $36,956 |
| Net Land, buildings, and equipment | $2,817,070 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $480,460 |
| Investments—program-related | $0 |
| Intangible assets | $147,102 |
| Other assets | $161,999 |
| Total assets | $4,290,208 |
| Accounts payable and accrued expenses | $414,291 |
| Grants payable | $0 |
| Deferred revenue | $47,144 |
| 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 | $3,197,382 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $161,999 |
| Total liabilities | $3,820,816 |
| Net assets without donor restrictions | $0 |
| 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 | $469,392 |
| Total liabilities and net assets/fund balances | $4,290,208 |
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