Ascension Manor Inc
- Assets
- $17.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 07/1966
- Data as of
- 06/2021
- 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 06/2021, Ascension Manor Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. 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
2021
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 |
|---|---|---|---|
Archbishop Borys Gudziak President | OfficerTrustee | 1 | $0 |
Rev Archpriest John M Fields 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 |
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 | $3,179,038 |
| 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 | $3,179,038 |
| Total Program Service Revenue | $1,027,104 |
| Investment income | $4,845 |
| 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 | $4,222,324 |
| 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 | $276,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $220,964 |
| Payroll taxes | $42,951 |
| Fees for services: Management | $165,228 |
| Fees for services: Legal | $8,497 |
| Fees for services: Accounting | $33,135 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,691 |
| Office expenses | $112,998 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,974,927 |
| 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 | $443,374 |
| Insurance | $167,047 |
| All other expenses | $15,150 |
| Total functional expenses | $3,462,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $834,172 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $37,160 |
| 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 | $330,663 |
| Net Land, buildings, and equipment | $11,258,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $4,084,935 |
| Intangible assets | $506,069 |
| Other assets | $343,238 |
| Total assets | $17,394,920 |
| Accounts payable and accrued expenses | $386,913 |
| Grants payable | $0 |
| Deferred revenue | $88,538 |
| 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 | $13,634,122 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,674 |
| Total liabilities | $14,233,247 |
| Net assets without donor restrictions | $3,161,673 |
| 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 | $17,394,920 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Wesleyan Senior Care Inc Elyria, OH | $38,781,786 | $23,501,325 |
Homewood At Williamsport Md Inc Williamsport, MD | $33,819,654 | $18,842,651 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |