Penn Asylum For Indigent Widows And Singlewomen
- Assets
- $5.9m
- Revenue
- $198.0k
- Investments
- $3.2m
- Employees
- 3
- Location
- Philadelphia, PA
- Founding
- 11/1934
- Data as of
- 12/2022
- EIN
- 23-1580962
Organization Overview
Penn Asylum For Indigent Widows And Singlewomen is located in Philadelphia, PA. The organization was established in 1934. 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 12/2022, Penn Asylum For Indigent Widows And Singlewomen employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Asylum For Indigent Widows And Singlewomen 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 12/2022, Penn Asylum For Indigent Widows And Singlewomen generated $198.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $360.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.9%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SUPPORTS PRIOR RESIDENTS AND OTHER RETIREMENT HOMES BY WAY OF FINANCIAL SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Sauer Executive Di | 40 | $75,450 | |
Mimoza Zanaj Dir. Of Acco | 40 | $52,530 | |
Eric Schaeflein President | 1 | $0 | |
Joseph Silva Board Member | 1 | $0 | |
Frank Byrne Board Member | 1 | $0 | |
Gretchen Brown Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,180 |
| Interest on Savings | $0 |
| Dividends & Interest | $29,491 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,346 |
| Capital Gain Net Income | $7,346 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $154,994 |
| Total Revenue | $198,011 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $127,980 |
| Other employee salaries and wages | $352 |
| Pension plans, employee benefits | $37,034 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $28 |
| Printing and publications | $190 |
| Other expenses | $35,389 |
| Total operating and administrative expenses | $215,373 |
| Contributions, gifts, grants paid | $145,000 |
| Total expenses and disbursements | $360,373 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,643,740 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $13,602 |
| 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 | $5,023 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,219,408 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,881,773 |
| Accounts payable and accrued expenses | $19,074 |
| 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 | $0 |
| Total liabilities | $19,074 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Penn Asylum For Indigent Widows And Singlewomen has recieved totaling $45.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $45 |
Endowment Analysis
| Beg. Balance | $478,552 |
| Earnings | $35,444 |
| Other Expense | -$105,000 |
| Ending Balance | $408,996 |
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