Advanced Living Management &development Inc
- Assets
- $10.4m
- Revenue
- $1.5m
- Investments
- $470.7k
- Employees
- 125
- Location
- Lansdale, PA
- Founding
- 07/2009
- Data as of
- 06/2021
- 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 06/2021, Advanced Living Management &development Inc employed 125 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 06/2021, Advanced Living Management &development Inc generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 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
2021
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 |
|---|---|---|---|
Randall James President/ceo | OfficerTrustee | 20 | $185,582 |
Kimberly A Krauter Ex-Coo | 20 | $184,528 | |
William P Brown Jr Ex-President | 30 | $70,968 | |
Kenneth W Clemens Chairman | OfficerTrustee | 2 | $0 |
George Meschter 1st Vice Chair | OfficerTrustee | 2 | $0 |
Carl Sensenig 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $473,180 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $495,779 |
| Total Program Service Revenue | $632,528 |
| Investment income | $29,723 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$554 |
| Net Gain/Loss on Asset Sales | $22,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,481,934 |
| 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. | $217,482 |
| Compensation of current officers, directors, key employees. | $217,482 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $85,075 |
| Pension plan accruals and contributions | $11,729 |
| Other employee benefits | $14,084 |
| Payroll taxes | $21,919 |
| Fees for services: Management | $49,774 |
| Fees for services: Legal | $73,536 |
| Fees for services: Accounting | $41,177 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | -$59 |
| Advertising and promotion | $0 |
| Office expenses | $7,730 |
| 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 | $199,247 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $214,365 |
| Insurance | $23,805 |
| All other expenses | $334 |
| Total functional expenses | $1,069,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,342 |
| Savings and temporary cash investments | $552,848 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,755 |
| 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 | $3,554 |
| Net Land, buildings, and equipment | $7,179,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $470,743 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,158,725 |
| Total assets | $10,440,880 |
| Accounts payable and accrued expenses | $455,601 |
| Grants payable | $0 |
| Deferred revenue | $974 |
| 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 | $1,464,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,366,839 |
| Total liabilities | $8,287,590 |
| Net assets without donor restrictions | $2,149,735 |
| Net assets with donor restrictions | $3,555 |
| 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 | $10,440,880 |
Grants Awarded
Over the last fiscal year, Advanced Living Management &development Inc has awarded $702,912 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Colmar, PA PURPOSE: CASH FOR EXPANSION PROJECT | $420,000 |
NORTH PENN COMMONS LP PURPOSE: CASH FOR EXPANSION PROJECT-LOBBY | $282,912 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Advanced Living Management &development Inc has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Vna Foundation Of Greater North Penn Lansdale, PA PURPOSE: MANAGEMENT AND DEVELOPMENT STRATEGIC PLANNIONG | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |