Seneca Towers Inc
- Assets
- $7.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 05/1969
- Data as of
- 03/2022
- EIN
- 16-0926430
Organization Overview
Seneca Towers Inc is located in Rochester, NY. The organization was established in 1969. 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. Seneca Towers 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, Seneca Towers Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.9m during the year ending 03/2022. While expenses have increased by 0.1% 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
SENECA TOWERS, INC. WAS INCORPORATED FOR THE PURPOSE OF PROVIDING HOUSING FACILITIES, ON A NOT-FOR-PROFIT BASIS, FOR AGED PERSONS OF LOW INCOME WHO ARE RESIDENTS OF THE CITY OF ROCHESTER- 493 UNITS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Mueller Chairman | OfficerTrustee | 0 | $0 |
Louis M D'amato ESQ Vice President | OfficerTrustee | 0 | $0 |
Margaret J Hill President | OfficerTrustee | 2 | $0 |
Scott Procious Treasurer/secretary | Officer | 4 | $0 |
R Carlos Carballada Director | Trustee | 0 | $0 |
Allen Williams 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 | $3,030,220 |
| Investment income | $143 |
| 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 | $3,030,363 |
| 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 | $588,735 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $158,026 |
| Payroll taxes | $0 |
| Fees for services: Management | $315,779 |
| Fees for services: Legal | $1,936 |
| Fees for services: Accounting | $11,346 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,582 |
| Advertising and promotion | $50,437 |
| Office expenses | $2,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $386,693 |
| Travel | $151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $122,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $495,225 |
| Insurance | $204,081 |
| All other expenses | $31,126 |
| Total functional expenses | $2,893,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,103,003 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,307 |
| 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 | $49,464 |
| Net Land, buildings, and equipment | $3,889,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,738 |
| Total assets | $7,337,649 |
| Accounts payable and accrued expenses | $2,433,215 |
| Grants payable | $0 |
| Deferred revenue | $41,753 |
| 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 | $5,525,512 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $238,534 |
| Total liabilities | $8,239,014 |
| 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 | -$901,365 |
| Total liabilities and net assets/fund balances | $7,337,649 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |