Advanced Living Management &development Inc
- Assets
- $10.8m
- Revenue
- $1.4m
- Investments
- $465.5k
- Employees
- 154
- Location
- Lansdale, PA
- Founding
- 07/2009
- Data as of
- 06/2022
- EIN
- 20-8836357
Organization Overview
Advanced Living Management &development Inc is located in Lansdale, PA. The organization was established in 2009. 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 06/2022, Advanced Living Management &development Inc employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Living Management &development 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 06/2022, Advanced Living Management &development Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $944.0k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. 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 MANAGE HOUSING PROJECTS AND EDUCATE COMMUNITY ABOUT HOUSING NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALMD IS A NON-PROFIT ORGANIZATION THAT MANAGES AFFORDABLE HOUSING FOR SENIORS AND DISABLED SENIORS, MANAGES HOUSING PROJECTS AND EDUCATES THE COMMUNITY ABOUT HOUSING NEEDS. THEY MANAGE 289 EFFICIENCY AND ONE-BEDROOM APARTMENTS PROVIDING HOUSING TO OVER 225 SENIORS. THE ORGANIZATION ALSO EDUCATES THE COMMUNITY REGARDING HOUSING NEEDS OF LOW INCOME SENIORS IN THE DELAWARE VALLEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth W Clemens Chairman | OfficerTrustee | 2 | $0 |
George Meschter 1st Vice Chair | OfficerTrustee | 2 | $0 |
Carl Sensenig 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Sharon Jones-Hofer Secretary | OfficerTrustee | 2 | $0 |
D Stephen Woelkers Treasurer | OfficerTrustee | 2 | $0 |
Norman J Lepping Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,500 |
| Total Program Service Revenue | $951,377 |
| Investment income | $38,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $18,248 |
| Net Gain/Loss on Asset Sales | -$556 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,426,774 |
| 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 | $285,304 |
| Pension plan accruals and contributions | $15,509 |
| Other employee benefits | $18,050 |
| Payroll taxes | $25,961 |
| Fees for services: Management | -$47,160 |
| Fees for services: Legal | $4,020 |
| Fees for services: Accounting | $36,207 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $126,000 |
| Advertising and promotion | -$500 |
| Office expenses | $12,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176,866 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $221,391 |
| Insurance | $32,989 |
| All other expenses | $0 |
| Total functional expenses | $943,952 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $246,350 |
| Savings and temporary cash investments | $391,168 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,018 |
| 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 | $8,389 |
| Net Land, buildings, and equipment | $6,993,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $465,485 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,696,000 |
| Total assets | $10,835,547 |
| Accounts payable and accrued expenses | $597,475 |
| 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 | $1,420,394 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,905,924 |
| Total liabilities | $7,923,793 |
| Net assets without donor restrictions | $2,830,204 |
| Net assets with donor restrictions | $81,550 |
| 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 | $10,835,547 |
Grants Awarded
Over the last fiscal year, Advanced Living Management &development Inc has awarded $702,912 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
NORTH PENN YMCA (LANSDALE AREA FAMILY YMCA LOCATION) PURPOSE: CASH FOR EXPANSION PROJECT | $420,000 |
NORTH PENN COMMONS LP PURPOSE: CASH FOR EXPANSION PROJECT-LOBBY | $282,912 |