Adirondack Mennonite Retirement Community Inc
- Assets
- $12.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 33
- Location
- Lowville, NY
- Founding
- 09/1990
- Data as of
- 12/2022
- EIN
- 16-1333180
Organization Overview
Adirondack Mennonite Retirement Community Inc is located in Lowville, NY. The organization was established in 1990. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2022, Adirondack Mennonite Retirement Community Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adirondack Mennonite Retirement Community 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 12/2022, Adirondack Mennonite Retirement Community Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 4.4% per year over the past 8 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
ADIRONDACK MENNONITE RETIREMENT COMMUNITY, INC'S MISSION IS TO DEVELOP AND MAINTAIN AFFORDABLE HOUSING FOR SENIOR CITIZENS. A VARIETY OF SERVICES AND AMENITIES ARE PROVIDED OR AVAILABLE TO RESIDENTS, INCLUDING MEALS, TRANSPORTATION, HOUSEKEEPING, MAINTENANCE, LAWNCARE, SNOW REMOVAL, 24-HOUR EMERGENCY RESPONSE, PLANNED ACTIVITIES AND WELLNESS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES 88 UNITS OF CONGREGATE & DUPLEX HOUSING TO MEMBERS 62 YEARS OF AGE AND OLDER
ORGANIZATION PROVIDES DIETARY SERVICES TO ALL OF ITS RESIDENTS IN ORDER TO PROMOTE THEIR HEALTH & WELFARE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jenn Samson Manager | Officer | 40 | $80,699 |
Nathan Zehr First Vice P | OfficerTrustee | 0.5 | $0 |
Joseph Zehr Second Vice | OfficerTrustee | 0.5 | $0 |
Loren Boliver Treasurer | OfficerTrustee | 0.5 | $0 |
Joyce Zehr Secretary | OfficerTrustee | 0.5 | $0 |
Bruce Chartrand President | OfficerTrustee | 0.5 | $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 | $1,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,205 |
| Total Program Service Revenue | $1,545,896 |
| Investment income | $11,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,988 |
| 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 | $1,561,124 |
| 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. | $80,699 |
| Compensation of current officers, directors, key employees. | $66,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $551,144 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,041 |
| Payroll taxes | $62,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $44,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $15,498 |
| Office expenses | $31,321 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $384,827 |
| Travel | $7,188 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $625 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $41,807 |
| All other expenses | $0 |
| Total functional expenses | $1,363,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,409 |
| Savings and temporary cash investments | $1,046,131 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $436 |
| 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 | $41,513 |
| Net Land, buildings, and equipment | $137,274 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,795,421 |
| Total assets | $12,022,184 |
| Accounts payable and accrued expenses | $33,683 |
| Grants payable | $0 |
| Deferred revenue | $582,584 |
| 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 | $3,869,094 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,167 |
| Total liabilities | $4,514,528 |
| Net assets without donor restrictions | $7,507,656 |
| 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 | $12,022,184 |
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