Ideal Senior Living Center Housing Corporation
- Assets
- $9.1m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 85
- Location
- Endicott, NY
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 22-2902899
Organization Overview
Ideal Senior Living Center Housing Corporation is located in Endicott, NY. The organization was established in 1988. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Ideal Senior Living Center Housing Corporation employed 85 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ideal Senior Living Center Housing Corporation 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 12/2021, Ideal Senior Living Center Housing Corporation generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
103 UNIT FACILITY TO PROVIDE HOUSING AND ASSISTED LIVING SERVICES TO THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ISLCHC PROVIDES HOUSING AND HEALTH & WELLNESS SERVICES TO THE ELDERLY RESIDENTS OF BROOME COUNTY AND SURROUNDING AREAS. ISLCHC INCLUDES 33 INDEPENDENT LIVING APARTMENTS, 35 ADULT CARE FACILITY BEDS, AND 35 ASSISTED LIVING PROGRAM BEDS. VARIOUS SERVICES SUCH AS MEALS, HOUSEKEEPING, ACTIVITIES PROGRAM AND SOCIAL TRANSPORTATION ARE PROVIDED TO ALL RESIDENTS TO ENHANCE THE QUALITY OF THEIR LIVES. ASSISTED LIVING PROGRAM RESIDENTS RECEIVE NURSING, THERAPY AND HOME HEALTH AND PERSONAL CARE SERVICES AS NEEDED. ISLCHC IS A MEMBER OF THE UNITED HEALTH SERVICES HEALTH CARE SYSTEM AND IS LOCATED ON THE SAME CAMPUS AS ITS SISTER COMPANY: IDEAL SENIOR LIVING CENTER, INC., A 150 BED SKILLED NURSING FACILITY.DURING 2021, APPROXIMATELY 24% OF INDEPENDENT APARTMENTS WERE LEASED TO LOW INCOME ELDERLY TENANTS. ADDITIONALLY, APPROXIMATELY 65% OF ALP ROOMS AND 33% OF ACF ROOMS WERE LEASED TO LOW INCOME ELDERLY RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Gordon Administrator | Officer | 11 | $31,309 |
Marilyn Barbieri Director Of Finance | Officer | 14 | $23,609 |
James Shadduck Administrator | Officer | 11 | $7,035 |
Sharon Yaple Chair | OfficerTrustee | 2 | $0 |
Lillian Levy Trustee | OfficerTrustee | 2 | $0 |
Nancy Rongo Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aramark Services Food Services Mgmt | 12/30/15 | $106,983 |
Morrison Healthcare Food Services Mgmt | 12/30/15 | $267,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $36,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,841 |
| Total Program Service Revenue | $3,103,939 |
| Investment income | $147,079 |
| 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 | $3,379,181 |
| 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. | $65,109 |
| Compensation of current officers, directors, key employees. | $65,109 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,573,088 |
| Pension plan accruals and contributions | $67,326 |
| Other employee benefits | $250,851 |
| Payroll taxes | $142,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $803 |
| Fees for services: Accounting | $32,600 |
| Fees for services: Lobbying | $372 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $310,631 |
| Advertising and promotion | $0 |
| Office expenses | $5,165 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $243,490 |
| Travel | $6,337 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $274,482 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $284,474 |
| Insurance | $111,886 |
| All other expenses | $0 |
| Total functional expenses | $3,872,177 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,619 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,830 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,241,125 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,409 |
| Net Land, buildings, and equipment | $2,007,956 |
| Investments—publicly traded securities | $1,435,491 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,177,853 |
| Total assets | $9,124,283 |
| Accounts payable and accrued expenses | $724,102 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $13,042 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,246,735 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,837,627 |
| Total liabilities | $9,821,506 |
| Net assets without donor restrictions | -$1,827,697 |
| Net assets with donor restrictions | $1,130,474 |
| 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 | $9,124,283 |
Endowment Analysis
| Beg. Balance | $1,059,184 |
| Earnings | $66,526 |
| Ending Balance | $1,125,710 |
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|---|---|---|
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Bethlen Home Of The Hungarian Reformed Federation Of America Ligonier, PA | $24,911,659 | $19,095,488 |
Evangelical Services For The Aging Warminster, PA | $46,788,382 | $16,687,453 |
The Pines At Whiting Whiting, NJ | $28,869,676 | $19,824,900 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Evangelical Manor Warminster, PA | $21,826,536 | $16,413,421 |
Springpoint Senior Living Inc Wall, NJ | $91,116,877 | $20,222,460 |
Heron Point Of Chestertown Inc Fort Washington, PA | $70,848,712 | $18,371,788 |