Mcharrie Towne Inc
- Assets
- $7.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Baldwinsville, NY
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 22-2965446
Organization Overview
Mcharrie Towne Inc is located in Baldwinsville, NY. The organization was established in 2018. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mcharrie Towne 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 12/2021, Mcharrie Towne Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCHARRIE TOWNE OPERATES A HOUSING PROJECT FOR ELDERLY PERSONS. RENTAL OF HOUSING UNITS ARE OFFERED TO ELDERLY TENANTS SUBSTANTIALLY AT COST. THERE IS A PROGRAM OF SERVICES DESIGNED TO ASSIST THE OCCUPANTS IN MAINTAINING AN INDEPENDENT LIFESTYLE. THIS PROGRAM INCLUDES: CONGREGATE KITCHEN AND DINING FACILITIES, RECREATIONAL SPACE, HOUSE- KEEPING SERVICES, MAINTENANCE, AND SECURITY. IN ADDITION, THE ORGANIZATION ENGAGES IN FUNDRAISING ACTIVITIES TO SUPPLEMENT THE PROGRAMS THAT MAY NOT OTHERWISE BE AVAILABLE UNDER THE OPERATING RECEIPTS AND TO ASSIST ELDERLY OCCUPANTS WHOSE FUNDS MAY BECOME DEPLETED, THEREBY IMPAIRING THEIR ABILITY TO PAY MONTHLY CHARGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosemary Bucci Director | 1 | $0 | |
Ken Dodge Director | 1 | $0 | |
Fred Miller Director | 1 | $0 | |
Joanne Daprano Director | 1 | $0 | |
Donald Colon Director | 1 | $0 | |
Fred Marty President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $90,783 |
| Interest on Savings | $1,117 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,384,992 |
| Total Revenue | $1,476,892 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $199,616 |
| Pension plans, employee benefits | $37,101 |
| Interest | $0 |
| Taxes | $103,864 |
| Depreciation | $638,498 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $468,385 |
| Total operating and administrative expenses | $1,458,760 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,458,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $968,992 |
| Savings and temporary cash investments | $1,053,657 |
| Net Accounts receivable | $95,047 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $57,195 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $5,540,531 |
| Other assets | $0 |
| Total assets | $7,715,422 |
| Accounts payable and accrued expenses | $36,459 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,198,784 |
| Total liabilities | $3,235,243 |
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