Springfield Senior Citizens Housing Inc
- Assets
- $9.1m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, NJ
- Founding
- 09/1977
- Data as of
- 12/2021
- EIN
- 22-2169374
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 12/2021, Springfield Senior Citizens Housing Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. 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
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) | 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 |
Outside Vendors & Contractors
| 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,115,147 |
| 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 | $2,115,147 |
| Total Program Service Revenue | $575,791 |
| Investment income | $1,501 |
| 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 | $2,694,134 |
| 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 | $170,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,353 |
| Payroll taxes | $17,898 |
| Fees for services: Management | $81,378 |
| Fees for services: Legal | $24,851 |
| Fees for services: Accounting | $13,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $168,840 |
| Advertising and promotion | $868 |
| Office expenses | $57,735 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $520,063 |
| 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 | $286,344 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,568,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,666 |
| Savings and temporary cash investments | $3,095,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,176 |
| 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 | $34,043 |
| Net Land, buildings, and equipment | $3,186,445 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,727,448 |
| Total assets | $9,126,811 |
| Accounts payable and accrued expenses | $220,855 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $52,350 |
| 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 | $935,665 |
| Total liabilities | $1,208,870 |
| Net assets without donor restrictions | $7,917,941 |
| 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 | $9,126,811 |
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|---|---|---|
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Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |