Weehawken Senior Housing Corporation
- Assets
- $15.0m
- Revenue
- $1.5m
- Investments
- $298.2k
- Employees
- 0
- Location
- Weehawken, NJ
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 22-3401081
Organization Overview
Weehawken Senior Housing Corporation is located in Weehawken, NJ. The organization was established in 1996. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weehawken Senior 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 12/2023, Weehawken Senior Housing Corporation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 12.9% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leonard Lauricella Treasurer | 0 | $0 | |
James Marchetti Trustee | 0 | $0 | |
Ana Miranda Trustee | 0 | $0 | |
Roberto Speer Trustee | 0 | $0 | |
Carnig Nersesian Chairman | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $43,548 |
| 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 | $1,426,778 |
| Total Revenue | $1,470,326 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $179,951 |
| Pension plans, employee benefits | $112,309 |
| Interest | $87,643 |
| Taxes | $28,534 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $802,772 |
| Total operating and administrative expenses | $1,254,055 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,254,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,609,220 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $856,890 |
| 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 | $8,203 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $298,172 |
| Net Land, buildings, and equipment | $11,194,882 |
| Other assets | $1,064,057 |
| Total assets | $15,031,424 |
| Accounts payable and accrued expenses | $82,158 |
| Grants payable | $0 |
| Deferred revenue | $511 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $7,551,115 |
| Total liabilities | $7,633,784 |