The Lena And David T Wilentz Senior Residence Inc
- Assets
- $1.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Somerset, NJ
- Founding
- 01/1980
- Data as of
- 12/2023
- EIN
- 22-2289444
Organization Overview
The Lena And David T Wilentz Senior Residence Inc is located in Somerset, NJ. The organization was established in 1980. 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 12/2023, Lena And David T Wilentz Senior Residence Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lena And David T Wilentz Senior Residence 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 12/2023, Lena And David T Wilentz Senior Residence Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 9 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
2023
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
WILENTZ SENIOR RESIDENCE IS A 200 APARTMENT FEDERALLY SUBSIDIZED LOW INCOME SENIOR HOUSING FACILITY. ALL OF THE RESIDENTS PAY APPROXIMATELY 30% OF THEIR INCOME IN RENT. WILENTZ PROVIDES MEALS, HOUSEKEEPING AND PERSONAL ASSISTANCE THROUGH A STATE FUNDED PROGRAM CALLED CONGREGATE HOUSING SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Schwartz Trustee | Trustee | 2 | $0 |
Joseph Plotnick President | OfficerTrustee | 2 | $0 |
Neal Gittleman Vice President | OfficerTrustee | 2 | $0 |
Matthew Korten Trustee | Trustee | 2 | $0 |
Neil Weiss Assistant Treasurer | OfficerTrustee | 2 | $0 |
Robert Barry CEO | OfficerTrustee | 7 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,820 |
| 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 | $69,820 |
| Total Program Service Revenue | $1,858,468 |
| Investment income | $0 |
| 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 | $1,936,172 |
| 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. | $85,402 |
| Compensation of current officers, directors, key employees. | $4,270 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,780 |
| Payroll taxes | $39,374 |
| Fees for services: Management | $54,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,078 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,450 |
| Advertising and promotion | $5,663 |
| Office expenses | $50,721 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $41,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $109,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,605 |
| Insurance | $61,491 |
| All other expenses | $168,202 |
| Total functional expenses | $1,863,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $76,776 |
| Savings and temporary cash investments | $30,378 |
| Pledges and grants receivable | $16,400 |
| Accounts receivable, net | $9,641 |
| 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 | $12,704 |
| Net Land, buildings, and equipment | $1,525,422 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,671,321 |
| Accounts payable and accrued expenses | $84,786 |
| Grants payable | $0 |
| Deferred revenue | $1,183 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $28,421 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,313,347 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $385,764 |
| Total liabilities | $2,813,501 |
| Net assets without donor restrictions | -$1,142,180 |
| 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 | $1,671,321 |