Ascension Manor Inc
- Assets
- $17.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1966
- Data as of
- 06/2022
- EIN
- 23-1664511
Organization Overview
Ascension Manor Inc is located in Philadelphia, PA. The organization was established in 1966. 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. Ascension Manor 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 06/2022, Ascension Manor Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.5m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASCENSION MANOR INC. WAS FORMED FOR THE PURPOSE OF CONSTRUCTING AND OPERATING APARTMENT COMPLEXES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE TWO 141 UNIT APARTMENT COMPLEXES UNDER SECTION 221(D)(4) OF THE NATIONAL HOUSING ACT AND REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATION METHODS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Most Rev Archbishop Borys Gudziak President | OfficerTrustee | 1 | $0 |
Rev Archpriest John M Fields Former Executive Vice President | OfficerTrustee | 1 | $0 |
Mr Andrew Fylypovych Director | Trustee | 1 | $0 |
Archbishop Andriy Rabiy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sb Conrad Inc General Contracting | 6/29/20 | $460,000 |
Chadwick Service Company Hvac & Plumbing Services | 6/29/20 | $428,382 |
Tec Elevator Company Elevator Company | 6/29/20 | $147,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,261,856 |
| 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 | $3,261,856 |
| Total Program Service Revenue | $1,047,858 |
| Investment income | $1,817 |
| 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 | $4,340,348 |
| 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 | $279,384 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $199,808 |
| Payroll taxes | $41,306 |
| Fees for services: Management | $153,918 |
| Fees for services: Legal | $1,273 |
| Fees for services: Accounting | $27,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,166 |
| Office expenses | $139,577 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,018,352 |
| 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 | $456,351 |
| Insurance | $176,808 |
| All other expenses | $0 |
| Total functional expenses | $3,496,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $769,483 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,746 |
| 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 | $363,189 |
| Net Land, buildings, and equipment | $11,065,571 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,890,340 |
| Intangible assets | $489,383 |
| Other assets | $92,477 |
| Total assets | $17,703,189 |
| Accounts payable and accrued expenses | $344,099 |
| Grants payable | $0 |
| Deferred revenue | $121,124 |
| 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 | $13,109,190 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,101 |
| Total liabilities | $13,697,514 |
| Net assets without donor restrictions | $4,005,675 |
| 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 | $17,703,189 |