Falconer Methodist Housing Development Fund Co Inc
- Assets
- $0.0
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Jamestown, NY
- Founding
- 11/1982
- Data as of
- 12/2018
- EIN
- 22-2419049
Organization Overview
Falconer Methodist Housing Development Fund Co Inc is located in Jamestown, NY. The organization was established in 1982. 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. Falconer Methodist Housing Development Fund Co 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 12/2018, Falconer Methodist Housing Development Fund Co Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $290.9k during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
HUD SUBSIDIZED HOUSING FOR THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT, SECTION 207, PURSUANT TO SECTION 223(F)PROJECT - 35 SUBSIDIZED HOUSING UNITS FOR THE ELDERLY. AS FURTHER DESCRIBED IN SCHEDULE N, DURING 2018, HUD APPROVED A PURCHASE AND SALE AGREEMENT WITH HOUSING PRESERVATION, INC. COVERING ALL OF THE PROJECT'S REAL, PERSONAL, AND INTANGIBLE PROPERTY. THE TRANSACTION CLOSED ON AUGUST 31, 2018, WITH ALL RENTAL OPERATIONS CEASING AS OF THAT DATE. THE CORPORATION IS CURRENTLY IN THE PROCESS OF DISSOLVING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Leyman Secretary | OfficerTrustee | 0.25 | $0 |
Jon A Saff President | OfficerTrustee | 0.25 | $0 |
Ben Morey Director | Trustee | 0.25 | $0 |
Rev Heather Allport Cohoon Director | Trustee | 0.25 | $0 |
Carol Rawson Director | Trustee | 0.25 | $0 |
Jim Graham Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $130,104 |
| 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 | $130,104 |
| Total Program Service Revenue | $100,759 |
| Investment income | $129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $794,048 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,025,040 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $25,345 |
| Fees for services: Legal | $12,103 |
| Fees for services: Accounting | $10,638 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,345 |
| Advertising and promotion | $768 |
| Office expenses | $4,428 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,880 |
| Travel | $1,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $741 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,897 |
| Insurance | $8,582 |
| All other expenses | $0 |
| Total functional expenses | $290,865 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Brooksby Village Inc Peabody, MA | $455,308,698 | $77,450,637 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |