Springfield Senior Citizens Housing Inc is located in Springfield, NJ. The organization was established in 1977. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield Senior Citizens Housing 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 12/2022, Springfield Senior Citizens Housing Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. 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 PROVIDE LIVING ACCOMODATIONS TO SENIOR CITIZENS AT AFFORDABLE RATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION QUALIFIES UNDER HUD SECTION 8 TO RECEIVE SUBSIDIZED RENTAL PAYMENTS TO PROVIDE SAFE AND AFFORDABLE HOUSING TO SENIOR CITIZENS WHO MEET CERTAIN INCOME REQUIREMENTS. THE PROJECT PROVIDES 34 EFFICIENCY APARTMENTS AND 102 SINGLE-BEDROOM APARTMENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Walter Peterson President | OfficerTrustee | 10 | $0 |
Daniel Mccarthy Vice President | OfficerTrustee | 5 | $0 |
Philip Hunrath Treasurer | OfficerTrustee | 5 | $0 |
Edward J Shaffery Jr Secretary | OfficerTrustee | 5 | $0 |
Stanley Grossman Director | Trustee | 5 | $0 |
Donald J Lusardi Sr Director | Trustee | 5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
T Lomdardi Jr & Son Llp Maintenance & Repair | 12/30/17 | $159,072 |
Argent Plumbing Plumbing | 12/30/17 | $123,030 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $2,095,396 |
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 | $2,095,396 |
Total Program Service Revenue | $500,308 |
Investment income | $805 |
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 | $2,603,219 |
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 | $219,241 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $50,788 |
Payroll taxes | $24,024 |
Fees for services: Management | $89,206 |
Fees for services: Legal | $15,768 |
Fees for services: Accounting | $14,005 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $177,394 |
Advertising and promotion | $2,153 |
Office expenses | $73,912 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $559,925 |
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 | $279,429 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,712,309 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,155 |
Savings and temporary cash investments | $3,829,125 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $272,572 |
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 | $75,356 |
Net Land, buildings, and equipment | $2,958,462 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,004,536 |
Total assets | $10,144,206 |
Accounts payable and accrued expenses | $347,671 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $52,019 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,055,665 |
Total liabilities | $1,455,355 |
Net assets without donor restrictions | $8,688,851 |
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 | $10,144,206 |