Chadwick Residence Incorporated
- Assets
- $615.9k
- Revenue
- $590.4k
- Investments
- $0.0
- Employees
- 28
- Location
- Syracuse, NY
- Founding
- 07/1987
- Data as of
- 12/2023
- EIN
- 22-2805597
Organization Overview
Chadwick Residence Incorporated is located in Syracuse, NY. The organization was established in 1987. According to its NTEE Classification (I72) the organization is classified as: Child Abuse Prevention, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2023, Chadwick Residence Incorporated employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chadwick Residence Incorporated 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, Chadwick Residence Incorporated generated $590.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $600.2k during the year ending 12/2023. While expenses have increased by 1.3% 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
TO PROVIDE SUPPORTIVE HOUSING AND A VARIETY OF PROFESSIONAL SERVICES FOR HOMELESS WOMEN AND THEIR CHILDREN IN AN ENVIRONMENT THAT EMPOWERS THEM TO DEVELOP THE KNOWLEDGE AND SKILLS NECESSARY TO INCREASE THEIR SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND A VARIETY OF PROFESSIONAL SERVICES FOR WOMEN AND THEIR CHILDREN IN A SUPPORTIVE ENVIRONMENT, EMPOWERING THEM TO DEVELOP THE KNOWLEDGE AND SKILLS NECESSARY TO INCREASE THEIR SELF-SUFFICIENCY. EXPENSES DO NOT INCLUDE $43,500 OF IN-KIND RENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joanne Olsen Board Member | Trustee | 1 | $0 |
Anthony P Adorante Board Member | Trustee | 1 | $0 |
Kay Magnarelli Secretary | OfficerTrustee | 1 | $0 |
Madelyn Chadwick Board Member | Trustee | 2 | $0 |
Kim Carfi Board Member | Trustee | 1 | $0 |
Mary Alice Kiah President | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,583 |
| Membership dues | $0 |
| Fundraising events | $43,463 |
| Related organizations | $0 |
| Government grants | $374,171 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,408 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $517,625 |
| Total Program Service Revenue | $61,606 |
| Investment income | $2,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $8,850 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $590,363 |
| 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. | $39,251 |
| Compensation of current officers, directors, key employees. | $23,551 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,992 |
| Payroll taxes | $20,425 |
| Fees for services: Management | $3,600 |
| Fees for services: Legal | $11,360 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,126 |
| Advertising and promotion | $0 |
| Office expenses | $28,967 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,811 |
| Travel | $214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,520 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,413 |
| Insurance | $19,990 |
| All other expenses | $1,878 |
| Total functional expenses | $600,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $196,444 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $93,308 |
| Accounts receivable, net | $2,136 |
| 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 | $6,984 |
| Net Land, buildings, and equipment | $306,038 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,003 |
| Total assets | $615,913 |
| Accounts payable and accrued expenses | $56,424 |
| Grants payable | $0 |
| Deferred revenue | $296,146 |
| 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 | $352,570 |
| Net assets without donor restrictions | $238,029 |
| Net assets with donor restrictions | $25,314 |
| 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 | $615,913 |