Eatontown Senior Housing Corporatio
- Assets
- $10.4m
- Revenue
- $2.7m
- Investments
- $7.7m
- Employees
- 8
- Location
- Eatontown, NJ
- Founding
- 10/1979
- Data as of
- 05/2020
- EIN
- 22-2271921
Organization Overview
Eatontown Senior Housing Corporatio is located in Eatontown, NJ. The organization was established in 1979. 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. As of 05/2020, Eatontown Senior Housing Corporatio employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eatontown Senior Housing Corporatio 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 05/2020, Eatontown Senior Housing Corporatio generated $2.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $2.1m during the year ending 05/2020. While expenses have increased by 1.5% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS FORMED TO CONSTRUCT A SENIOR CITIZEN HOUSING COMPLEX OF 197 UNITS IN ACCORDANCE WITH THE NJ HOUSING & FINANCE AGENCY.
THE CORPORATION WAS FORMED TO CONSTRUCT A SENIOR CITIZEN HOUSING COMPLEX OF 197 UNITS IN ACCORDANCE WITH THE NJ HOUSING & FINANCE AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ralph Anderson President | Officer | 0.5 | $0 |
Thomas Smock Treasurer | Officer | 0.5 | $0 |
Sondra Thompson Secretary | Officer | 0.5 | $0 |
Rita Adamsky Bd Of Director | Officer | 0.5 | $0 |
Linda Morgan Bd Of Director | Officer | 0.5 | $0 |
William Barnshaw Bd Of Director | Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $162,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $33,612 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,663,324 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $339,969 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,656 |
| Payroll taxes | $27,578 |
| Fees for services: Management | $129,313 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,944 |
| 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 | $105,844 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $722,949 |
| 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 | $166,377 |
| Insurance | $134,088 |
| All other expenses | $0 |
| Total functional expenses | $2,115,120 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $452,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,300 |
| 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 | $12,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,739,724 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $626,162 |
| Total assets | $10,425,037 |
| Accounts payable and accrued expenses | $58,314 |
| Grants payable | $0 |
| Deferred revenue | $40,832 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $76,334 |
| Total liabilities | $175,480 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $10,249,557 |
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