Ken-Ton Presbyterian Village Housing Development Fund Co Inc
- Assets
- $8.1m
- Revenue
- $1.8m
- Investments
- $1.4m
- Employees
- 17
- Location
- Getzville, NY
- Founding
- 03/1981
- Data as of
- 12/2023
- EIN
- 16-1127014
Organization Overview
Ken-Ton Presbyterian Village Housing Development Fund Co Inc is located in Getzville, NY. The organization was established in 1981. 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. As of 12/2023, Ken-Ton Presbyterian Village Housing Development Fund Co Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ken-Ton Presbyterian Village Housing Development Fund Co 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 12/2023, Ken-Ton Presbyterian Village Housing Development Fund Co Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 2.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENHANCE THE LIFE EXPERIENCES OF AGING PERSONS IN WESTERN NEW YORK THROUGH A DEDICATED TEAM WHO PROVIDES A RANGE OF SERVICES AND RESIDENTIAL OPTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME ELDERLY HOUSING - OPERATED 150 APARTMENTS SPONSORED BY FEDERAL GOVERNMENT AGENCY OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel P O'neill Board Member/president/ceo | OfficerTrustee | 2 | $0 |
David Reichard Board Member/treasurer | OfficerTrustee | 1 | $0 |
Robert Whitney Board Member/chair | OfficerTrustee | 1 | $0 |
Kristin M Anderson VP Of Finance/cfo | Officer | 2 | $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 | $1,570,235 |
| Investment income | $29,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,537 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,756,375 |
| 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 | $439,256 |
| Pension plan accruals and contributions | $4,295 |
| Other employee benefits | $47,303 |
| Payroll taxes | $33,438 |
| Fees for services: Management | $108,747 |
| Fees for services: Legal | $2,948 |
| Fees for services: Accounting | $20,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,397 |
| Office expenses | $30,540 |
| Information technology | $3,805 |
| Royalties | $0 |
| Occupancy | $107,542 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,755 |
| Interest | $299,485 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $381,660 |
| Insurance | $59,935 |
| All other expenses | $667 |
| Total functional expenses | $1,642,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $343,525 |
| Savings and temporary cash investments | $115,302 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,296 |
| 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 | $71,961 |
| Net Land, buildings, and equipment | $6,109,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,358,235 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,321 |
| Total assets | $8,064,353 |
| Accounts payable and accrued expenses | $99,155 |
| Grants payable | $0 |
| Deferred revenue | $1,883,720 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $58,321 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,231,031 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,272,227 |
| Net assets without donor restrictions | -$207,874 |
| 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 | $8,064,353 |