Elm Court Inc
- Assets
- $4.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 11
- Location
- Princeton, NJ
- Founding
- 02/2008
- Data as of
- 12/2021
- EIN
- 20-8984541
Organization Overview
Elm Court Inc is located in Princeton, NJ. The organization was established in 2008. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Elm Court Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elm Court 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 12/2021, Elm Court Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 2.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY HOMES IN A WELCOMING, DIVERSE COMMUNITY FOR SENIORS AND MOBILITY IMPAIRED ADULTS WHOSE INCOMES ARE LESS THAN 50% OF THE COUNTY MEDIAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELM COURT, INC OWNS 66 ONE-BEDROOM APARTMENTS AND 22 STUDIOS AND OPERATES UNDER THE HUD SECTION 202 PROGRAM WITH A SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT. THIS ALLOWS US TO SET RENTS AT NO MORE THAN 30% OF EACH RESIDENT'S ADJUSTED GROSS INCOME. PCH DEVELOPMENT CORP, A 50L(C)3 ENTITY, MANAGES THE BUILDING AND OPERATIONS A LICENSED SOCIAL WORKER IS ON SITE TO ASSIST RESIDENTS WITH REFERRALS TO COMMUNITY RESOURCES AND STATE-SPONSORED PROGRAMS. FREE BUS SERVICE TO PRINCETON'S SHOPPING AREAS, LIBRARY, AND SENIOR RESOURCE CENTER OPERATES SIX DAYS A WEEK, AND WE ALSO PROVIDE WEEKLY SHUTILE SERVICE TO REGIONAL SHOPPING AREAS. WE MAKE HAIR AND PODIATRY CARE AVAILABLE ON A REGULAR SCHEDULE WE STRIVE TO BUILD A STRONG COMMUNITY FOR OUR RESIDENTS, LINKING THEM TO THE SENIORS IN NEIGHBORING ELM COURT II, INC AND EMPOWERING THEM TO LEAD MEANINGFUL LIVES. A RESIDENTS ASSOCIATION MEETS REGULARLY WITH STAFF AND SPONSORS A NEWSLETIER AND REGULAR COMMUNITY GATHERINGS RESIDENTS PARTICIPATE IN ACTIVITIES SUCH AS CHAIR EXERCISE AND ART LESSONS, HEALTH INFORMATION LECTURES, AND TED TALK DISCUSSION GROUPS. COMMUNITY LOUNGES ENABLE CONCERTS AND HOLIDAY CELEBRATIONS THE COMMUNITY GARDEN, CREATED BY VOLUNTEERS AND LOCAL DONORS, HAS BECOME A HIGHLIGHT OF ELM COURT LIFE RESIDENTS GROW FRUITS, VEGETABLES, AND FLOWERS THREE SEASONS OF THE YEAR IN THE MORE THAN 50 PLOTS-SOME DESIGNED WITH RAISED OR WHEELCHAIR ACCESSIBLE BEDS.
ELM COURT PARTICIPATES IN THE NJ DEPARTMENT OF HUMAN SERVICES CONGREGATE HOUSING SERVICES PROGRAM. RESIDENTS WITH FINANCIAL AND PERSONAL NEED MAKE CO-PAYMENTS ON A SLIDING SCALE, AND RECEIVE DAILY HOT LUNCHES, LIGHT HOUSEKEEPING AND PERSONAL CARE FROM CERTIFIED HOME HEALTH AIDES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice K Small Vice President | OfficerTrustee | 1 | $0 |
Kyu Whang Secretary | OfficerTrustee | 1 | $0 |
Tony Capozzoli Treasurer | OfficerTrustee | 1 | $0 |
Valerie W Haynes President | OfficerTrustee | 1 | $0 |
Janet Mcclafferty Finance Director | Officer | 1 | $0 |
Edward Truscelli Executive Director | Officer | 1 | $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 | $1,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500 |
| Total Program Service Revenue | $1,754,530 |
| Investment income | $769 |
| 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 | $1,758,412 |
| 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 | $183,049 |
| Pension plan accruals and contributions | $5,849 |
| Other employee benefits | $47,003 |
| Payroll taxes | $24,189 |
| Fees for services: Management | $93,454 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,418 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $20,913 |
| Information technology | $21,211 |
| Royalties | $0 |
| Occupancy | $99,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,755 |
| Interest | $283,404 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,437 |
| Insurance | $59,184 |
| All other expenses | $0 |
| Total functional expenses | $1,650,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,181 |
| Savings and temporary cash investments | $12,907 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,905 |
| 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 | $53,123 |
| Net Land, buildings, and equipment | $2,735,339 |
| Investments—publicly traded securities | $423,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $669,554 |
| Total assets | $4,066,602 |
| Accounts payable and accrued expenses | $164,087 |
| Grants payable | $0 |
| Deferred revenue | $8,489 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $26,622 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $7,536,815 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,608 |
| Total liabilities | $7,738,621 |
| Net assets without donor restrictions | -$3,672,019 |
| 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 | $4,066,602 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Elm Court Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Princeton Community Housing Inc Princeton, NJ PURPOSE: TRANSPORTATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Grove Manor Corporation Grove City, PA | $38,510,469 | $20,011,663 |
Phoebe Richland Health Care Center Allentown, PA | $42,688,223 | $20,669,291 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Hatfield Mennonite Home Hatfield, PA | $33,080,459 | $18,750,870 |
Harrogate Incorporated Lakewood, NJ | $32,163,275 | $19,988,142 |
Upmc Senior Communities Inc Pittsburgh, PA | $51,351,268 | $15,897,912 |
St Lukes Home Residential Health Care Facility Inc New Hartford, NY | $25,808,218 | $18,105,934 |
Garvey Manor Nursing Home Hollidaysburg, PA | $30,215,227 | $18,421,256 |
Methodist Church Home For The Aged In The City Of New York Bronx, NY | $70,291,899 | $23,018,314 |