Westfield Senior Citizens Housing Corp
- Assets
- $52.6m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 21
- Location
- Westfield, NJ
- Founding
- 03/1980
- Data as of
- 12/2022
- EIN
- 22-2083588
Organization Overview
Westfield Senior Citizens Housing Corp is located in Westfield, NJ. The organization was established in 1980. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Westfield Senior Citizens Housing Corp employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Westfield Senior Citizens Housing Corp 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, Westfield Senior Citizens Housing Corp generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 4.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EXTEND THE INDEPENDENCE OF SENIOR CITIZENS THROUGH THE PROVISION OF COMFORTABLE, AFFORDABLE HOUSING IN CONJUNCTION WITH SOCIAL AND RECREATIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING AND RECREATIONAL PROGRAMS TO LOW AND MODERATE INCOME SENIORS.
PROVIDE A CONGREGATE PROGRAM OF LOW COST MEALS, HOUSEKEEPING AND PERSONAL ASSISTANCE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mount President | OfficerTrustee | 2 | $0 |
Tim Herzog Vice President | OfficerTrustee | 2 | $0 |
Gerald Robinson Secretary | OfficerTrustee | 2 | $0 |
John Lesher Treasurer | OfficerTrustee | 2 | $0 |
Bruce E Long Trustee | Trustee | 2 | $0 |
Lenore C Scurry Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Healthcare Oxford Health Insurance | 12/30/22 | $216,236 |
Pse&g Electric Utility | 12/30/22 | $172,040 |
Manfredi & Pellechio Legal Services | 12/30/22 | $398,523 |
Johnson Kendall & Johnson Insurance | 12/30/22 | $149,176 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,538,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,538,977 |
| Total Program Service Revenue | $986,881 |
| Investment income | $217,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,179 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,747,355 |
| 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. | $260,479 |
| Compensation of current officers, directors, key employees. | $156,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $671,192 |
| Pension plan accruals and contributions | $59,740 |
| Other employee benefits | $147,264 |
| Payroll taxes | $76,034 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $429,889 |
| Fees for services: Accounting | $48,821 |
| 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 | $59,054 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $761,318 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $188,513 |
| All other expenses | $30,060 |
| Total functional expenses | $3,107,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,892 |
| Savings and temporary cash investments | $2,532,528 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,914 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,674,943 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $47,208 |
| Net Land, buildings, and equipment | $2,995,224 |
| Investments—publicly traded securities | $24,335,663 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $248,783 |
| Total assets | $52,611,155 |
| Accounts payable and accrued expenses | $269,462 |
| 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 | $12,719,100 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $76,835 |
| Total liabilities | $13,065,397 |
| Net assets without donor restrictions | $39,545,758 |
| 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 | $52,611,155 |