Elm Court Inc

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. 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 12/2023, Elm Court Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 0.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

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)Compensation
Abreah Santiago
Board Member
$0
Alice K Small
President
$0
C Vanleer Davis
Board Member
$0
Chad Klaus
Board Member
$0
Daniela Bonafede-Chhabra
Board Member
$0
Elizabeth Hock
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$4,000
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$500
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,500
Total Program Service Revenue$1,862,489
Investment income $16,406
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 $1,884,550

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