Quail Summit Inc
- Assets
- $8.9m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 94
- Location
- Geneva, NY
- Founding
- 06/1999
- Data as of
- 12/2022
- EIN
- 16-1564650
Organization Overview
Quail Summit Inc is located in Geneva, NY. The organization was established in 1999. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Quail Summit Inc employed 94 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quail Summit 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, Quail Summit Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 3.7% 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
TO PROVIDE SUITABLE HOUSING, IMPROVED ACCESS TO HEALTH CARE, AND RELATED COMMUNITY SERVICES AND FACILITIES, IN ORDER TO MEET THE NEEDS AND REQUIREMENTS OF LOW-TO-MODERATE INCOME ELDERLY RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED LIVING AND ALZHEIMER'S COMMUNITY DESIGNED TO SERVE THE VARYING NEEDS OF INDEPENDENT, FRAIL, ELDERLY, AND MEMORY-IMPAIRED SENIOR ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Beckley President | OfficerTrustee | 1 | $0 |
Tom Wood Vice President | OfficerTrustee | 1 | $0 |
Andrew R Tyman Ceo/current Treasurer | OfficerTrustee | 1 | $163,459 |
Rosemary Park Director | Trustee | 1 | $0 |
James R Harvey Director | Trustee | 1 | $0 |
Suzanne Blatchford Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iverson Construction Loan Interest Payments | 12/30/16 | $814,513 |
Sysco Foods Food Delivery | 12/30/16 | $268,239 |
Rfr Consulting Consulting | 12/30/16 | $139,467 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,479 |
| Total Program Service Revenue | $4,870,884 |
| Investment income | $1,567 |
| 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 | $5,099,858 |
| 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 | $1,796,274 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $296,864 |
| Payroll taxes | $156,375 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,088 |
| Fees for services: Accounting | $21,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $742,020 |
| Advertising and promotion | $107,343 |
| Office expenses | $62,456 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $371,682 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $440,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $545,242 |
| Insurance | $75,126 |
| All other expenses | $26,118 |
| Total functional expenses | $5,307,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,230 |
| Savings and temporary cash investments | $233,585 |
| Pledges and grants receivable | $198,318 |
| Accounts receivable, net | $0 |
| 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 | $114,240 |
| Net Land, buildings, and equipment | $7,417,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,875,649 |
| Accounts payable and accrued expenses | $360,100 |
| Grants payable | $0 |
| Deferred revenue | $68,765 |
| 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 | $9,913,432 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,725 |
| Total liabilities | $10,346,022 |
| Net assets without donor restrictions | -$1,470,373 |
| 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 | $8,875,649 |