Cape Vincent Housing Corp
- Assets
- $2.2m
- Revenue
- $351.5k
- Investments
- $0.0
- Employees
- 7
- Location
- Cape Vincent, NY
- Founding
- 06/1987
- Data as of
- 08/2020
- EIN
- 22-2485874
Organization Overview
Cape Vincent Housing Corp is located in Cape Vincent, NY. The organization was established in 1987. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 08/2020, Cape Vincent Housing Corp employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cape Vincent Housing Corp 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 08/2020, Cape Vincent Housing Corp generated $351.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $406.6k during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 6 years. 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
TO PROVIDE LOW INCOME APARTMENT PROJECTS FOR ELDERLY OVER AGE 62 AND HANDICAPPED PERSONS OF ALL AGES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TWO TWENTY-FOUR UNIT SUBSIDIZED RENTAL HOUSING AND RELATED FACILITATORS FOR THE SPECIAL NEEDS OF THE HANDICAPPED OF ALL AGES, THE ELDERLY OVER THE AGE OF SIXTY-TWO, AND LOW AND VERY LOW INCOME QUALIFYING FAMILIES AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mason President | OfficerTrustee | 1 | $0 |
Donald Perkins Vice President | OfficerTrustee | 1 | $0 |
Lester Phillipson Treasurer | OfficerTrustee | 1 | $0 |
Gareth Hogan Member | Trustee | 1 | $0 |
Gary King Member | Trustee | 1 | $0 |
Pamela Youngs Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $2,504 |
| 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 | $351,530 |
| 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 | $90,061 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,001 |
| Payroll taxes | $7,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $259 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,112 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,837 |
| Insurance | $42,344 |
| All other expenses | $0 |
| Total functional expenses | $406,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,304 |
| Savings and temporary cash investments | $691,259 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,338 |
| 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 | $37,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,549 |
| Total assets | $2,175,997 |
| Accounts payable and accrued expenses | $55,558 |
| Grants payable | $0 |
| Deferred revenue | $50 |
| 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 | $2,288,092 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,547 |
| Total liabilities | $2,368,247 |
| 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 | -$192,250 |
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1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
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