Greenwood Residences Inc
- Assets
- $2.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Getzville, NY
- Founding
- 03/1991
- Data as of
- 12/2020
- EIN
- 16-1345198
Organization Overview
Greenwood Residences Inc is located in Getzville, NY. The organization was established in 1991. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Greenwood Residences Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood Residences 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 12/2020, Greenwood Residences Inc generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MENORAH CAMPUS, INC. D/B/A THE HARRY AND JEANETTE WEINBERG CAMPUS, IS TO ADDRESS THE FULL NEEDS OF OLDER PEOPLE IN OUR REGION: MEDICAL, RESIDENTIAL, EMOTIONAL, FINANCIAL, SOCIAL, AND SPIRITUAL. GREENWOOD RESIDENCES, INC. IS A SUBSIDIARY OF MENORAH CAMPUS, INC. AND IS A COMMUNITY RESIDENCE WHICH PROVIDES FULL-TIME SUPERVISION IN A HOME-LIKE SETTING TO 26 PEOPLE WHO ARE MENTALLY DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENORAH CAMPUS INC. D/B/A THE HARRY AND JEANETTE WEINBERG CAMPUS ("WEINBERG CAMPUS") IS AN EXEMPT ORGANIZATION AND IS THE SOLE MEMBER FOR 8 EXEMPT OPERATING SUBSIDIARIES INCLUDING GREENWOOD RESIDENCES, INC. WEINBERG CAMPUS, THROUGH ITS OPERATING SUBSIDIARIES, OFFERS A VARIETY OF LIVING OPTIONS AND CUSTOMIZABLE CARE PROGRAMS TO MEET THE NEEDS OF SENIORS IN WESTERN NEW YORK. THE SERVICES PROVIDED RANGE FROM INDEPENDENT LIVING APARTMENTS WITH SUPPORTIVE SERVICES AVAILABLE AS NEEDED TO A MORE STRUCTURED ADULT HOME SETTING, TO SOCIAL AND MEDICAL DAY PROGRAMS, SHORT TERM REHABILITATION, A NURSING HOME, HOME CARE, AND A MENTAL HEALTH RESIDENCE. WEINBERG CAMPUS IS A LEADER IN DEVELOPING THOUGHTFUL APPROACHES TO THE CHALLENGES OF AGING AND STRIVES TO CREATE A HOME-LIKE ENVIRONMENT THAT ASSISTS INDIVIDUALS TO LIVE ACCORDING TO THEIR NEEDS AND VALUES. WEINBERG CAMPUS PROVIDES SERVICES TO APPROXIMATELY 2,000 INDIVIDUALS ON AN ANNUAL BASIS. GREENWOOD RESIDENCES, INC. IS A COMMUNITY RESIDENCE WHICH PROVIDES FULL-TIME SUPERVISION IN A HOME-LIKE SETTING TO 26 PEOPLE WHO ARE MENTALLY DISABLED. GREENWOOD RESIDENCES, INC. IS NORMALLY 100% OCCUPIED WITH MEDICAID ELIGIBLE RESIDENTS. FEATURES INCLUDE 24 HOUR SUPERVISION BY TRAINED RESIDENT COUNSELORS WHO ASSIST WITH DAILY LIVING ACTIVITIES, NUTRITIONAL SERVICES (THREE MEALS PER DAY, PLUS OTHERS AS REQUIRED), ACTIVITY PROGRAM INCLUDING IN-HOUSE ACTIVITIES AS WELL AS COMMUNITY EXCURSIONS, HOUSEKEEPING, MAINTENANCE, LAUNDRY SERVICES, 24 HOUR SECURITY, AND MEETINGS WITH FAMILIES TO DISCUSS SPECIAL CARE OF RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth A Rogers Chairman | OfficerTrustee | 0.1 | $0 |
Samuel L Shapiro Vice Chairman | OfficerTrustee | 0.1 | $0 |
Richard H Gordon Secretary | OfficerTrustee | 0.1 | $0 |
Jonathan D Schechter First Vice Chair & Treasur | OfficerTrustee | 0.1 | $0 |
Robert T Mayer President/ceo & Assistant Secretary | OfficerTrustee | 1 | $0 |
Randi C Dressel Assistant Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,302 |
| 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 | $25,302 |
| Total Program Service Revenue | $1,064,525 |
| Investment income | $1,222 |
| 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 | $1,091,049 |
| 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 | $576,921 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,182 |
| Payroll taxes | $41,907 |
| Fees for services: Management | $72,003 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $0 |
| Office expenses | $7,268 |
| Information technology | $13,104 |
| Royalties | $0 |
| Occupancy | $41,124 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $130 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $60,376 |
| Insurance | $0 |
| All other expenses | $37,325 |
| Total functional expenses | $1,156,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,348 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $152,754 |
| 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 | $0 |
| Net Land, buildings, and equipment | $692,454 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200,527 |
| Total assets | $2,712,083 |
| Accounts payable and accrued expenses | $83,926 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $295,546 |
| Total liabilities | $379,472 |
| Net assets without donor restrictions | $2,332,611 |
| 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 | $2,712,083 |
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