Tryon Park Apartments Inc
- Assets
- $4.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 03/1998
- Data as of
- 08/2021
- EIN
- 16-1020100
Organization Overview
Tryon Park Apartments Inc is located in Rochester, NY. The organization was established in 1998. According to its NTEE Classification (N32) the organization is classified as: Parks & Playgrounds, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tryon Park Apartments Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 08/2021, Tryon Park Apartments Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.0m during the year ending 08/2021. While expenses have increased by 1.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, AFFORDABLE HOUSING TO LOW AND MIDDLE INCOME INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRYON PARK APARTMENTS, INC. WAS FORMED TO PROVIDE AFFORDABLE HOUSING TO LOW AND MIDDLE INCOME INDIVIDUALS. IT OWNS AND OPERATES A 106 UNIT APARTMENT BUILDING IN ROCHESTER, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret J Hill President | OfficerTrustee | 2 | $0 |
James A Costanza Vice President | OfficerTrustee | 0 | $0 |
Richard Mueller Chairman | OfficerTrustee | 0 | $0 |
Louis M D'amato ESQ Director | OfficerTrustee | 0 | $0 |
Scott D Procious Treasurer/secretary | Officer | 5 | $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 | $1,093,136 |
| Investment income | $340 |
| 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 | $1,093,476 |
| 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 | $20,094 |
| Other salaries and wages | $117,578 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,065 |
| Payroll taxes | $0 |
| Fees for services: Management | $87,478 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,880 |
| Advertising and promotion | $34,784 |
| Office expenses | $638 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,326 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $173,392 |
| Insurance | $42,746 |
| All other expenses | $39 |
| Total functional expenses | $1,019,855 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,589 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,549 |
| 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 | $172,899 |
| Net Land, buildings, and equipment | $2,662,643 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $122,500 |
| Other assets | $860,700 |
| Total assets | $4,037,880 |
| Accounts payable and accrued expenses | $106,013 |
| Grants payable | $0 |
| Deferred revenue | $21,152 |
| 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 | $2,816,341 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,772 |
| Total liabilities | $3,022,278 |
| Net assets without donor restrictions | $1,015,602 |
| 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 | $4,037,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Parks Foundation Inc New York, NY | $46,351,327 | $21,146,324 |
Pier55 Inc New York, NY | $281,389,922 | $61,475,219 |
Bryant Park Corporation New York, NY | $13,271,219 | $15,814,011 |
Paul Simons Foundation Inc Stony Brook, NY | $121,782,003 | $9,487,542 |
Rosedale And Rosehill Cemetery Association Linden, NJ | $201,463,807 | $21,638,955 |
Prospect Park Alliance Inc Brooklyn, NY | $34,463,999 | $14,619,569 |
Avalon Nature Preserve Inc Stony Brook, NY | $43,010,885 | $9,560,636 |
The Pittsburgh Parks Conservancy Pittsburgh, PA | $20,284,178 | $5,028,888 |
Rose Fitzgerald Kennedy Greenway Conservancy Inc Boston, MA | $31,444,070 | $8,732,611 |
Ymca Of Marthas Vineyard Inc Vineyard Haven, MA | $24,356,522 | $5,436,042 |
Friends Of Hudson River Park Inc New York, NY | $3,524,338 | $4,419,034 |
White Haven Memorial Park Inc Pittsford, NY | $20,072,674 | $7,692,818 |