Mcharrie Towne Inc
- Assets
- $7.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Baldwinsville, NY
- Founding
- 12/2018
- Data as of
- 12/2023
- 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 12/2023, Mcharrie Towne Inc generated $1.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2023. While expenses have increased by 3.2% 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
MCHARRIE TOWNE, INC. IS A NEW YORK STATE NOT-FOR-PROFIT CORPORATION THAT PROVIDES HOUSING AND OTHER RELATED SERVICES TO ITS RESIDENTS THROUGH THE OPERATION OF A RETIREMENT COMMUNITY CONTAINING 111 RESIDENTIAL UNITS LOCATED IN BALDWINSVILLE, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF HOUSING UNITS IS OFFERED TO ELDERLY TENANTS SUBSTANTIALLY AT COST. THE ORGANIZATION ALSO HAS ARRANGED FOR A PROGRAM OF SERVICES DESIGNED TO SUPPORT AND MAINTAIN ELDERLY OCCUPANTS WITHIN THE UNITS. CONGREGATE KITCHEN AND DINING FACILITIES AND RECREATIONAL SPACE ARE OFFERED ALONG WITH HOUSEKEEPING SERVICES, MAINTENANCE, AND SECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Colon President | OfficerTrustee | 1 | $0 |
Joannne Daprano Director | Trustee | 1 | $0 |
Ken Dodge Director | Trustee | 1 | $0 |
Frederick Marty Director | Trustee | 1 | $0 |
Susan Maxsween Director | Trustee | 1 | $0 |
Fred Miller Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,500,777 |
| Investment income | $50,050 |
| 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 | $1,550,827 |
| 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 | $200,182 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $60,391 |
| Payroll taxes | $0 |
| Fees for services: Management | $40,837 |
| Fees for services: Legal | $3,244 |
| Fees for services: Accounting | $8,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,867 |
| Advertising and promotion | $0 |
| Office expenses | $19,769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $151,026 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $636,486 |
| Insurance | $76,741 |
| All other expenses | $0 |
| Total functional expenses | $1,512,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,013 |
| Savings and temporary cash investments | $1,863,003 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,254 |
| 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 | $80,498 |
| Net Land, buildings, and equipment | $4,868,194 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,141,962 |
| Accounts payable and accrued expenses | $232,089 |
| Grants payable | $0 |
| Deferred revenue | $2,370,180 |
| 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 | $2,602,269 |
| Net assets without donor restrictions | $4,539,693 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,141,962 |