Springfield Senior Citizens Housing Inc

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Walter Peterson
President
$0
Daniel Mccarthy
Vice President
$0
Philip Hunrath
Treasurer
$0
Edward J Shaffery Jr
Secretary
$0
Stanley Grossman
Director
$0
Donald J Lusardi Sr
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
T Lomdardi Jr & Son Llp
Maintenance & Repair
$159,072
Argent Plumbing
Plumbing
$123,030
View All Vendors

Financial Statements

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

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