Shrewsbury Housing Inc
- Assets
- $1.0m
- Revenue
- $558.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Shrewsbury, PA
- Founding
- 03/1982
- Data as of
- 09/2021
- EIN
- 23-2129859
Organization Overview
Shrewsbury Housing Inc is located in Shrewsbury, PA. The organization was established in 1982. 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. Shrewsbury Housing 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 09/2021, Shrewsbury Housing Inc generated $558.8k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $537.5k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 6 years. 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
TO OPERATE AN APARTMENT COMPLEX OF 60 UNITS, IN SHREWSBURY, PENNSYLVANIA, THAT PROVIDES LOW INCOME HOUSING TO QUALIFIED RECIPIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATED A 60-UNIT APARTMENT COMPLEX UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY OR HANDICAPPED FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Rundle President/ceo | OfficerTrustee | 0.3 | $0 |
Rev Janyce Jorgensen Chairperson | OfficerTrustee | 1 | $0 |
Shirley Simpson Treasurer | OfficerTrustee | 1 | $0 |
Linda Roenigk Secretary | OfficerTrustee | 1 | $0 |
Cynthia Hoffman CFO | Officer | 0.3 | $0 |
Revena Rossi CFO (until 5/20) | Officer | 0.3 | $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 | $553,580 |
| Investment income | $564 |
| 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 | $558,820 |
| 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 | $81,152 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,671 |
| Payroll taxes | $0 |
| Fees for services: Management | $29,227 |
| Fees for services: Legal | $2,508 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $61,381 |
| Advertising and promotion | $891 |
| Office expenses | $13,354 |
| Information technology | $4,711 |
| Royalties | $0 |
| Occupancy | $100,534 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $275 |
| Interest | $95,713 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,689 |
| Insurance | $17,061 |
| All other expenses | $0 |
| Total functional expenses | $537,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $71,029 |
| Savings and temporary cash investments | $646,198 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $320 |
| 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 | $14,263 |
| Net Land, buildings, and equipment | $264,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,945 |
| Total assets | $1,015,328 |
| Accounts payable and accrued expenses | $49,599 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,337,805 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,945 |
| Total liabilities | $2,406,349 |
| Net assets without donor restrictions | -$1,391,021 |
| 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 | $1,015,328 |
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|---|---|---|
Cedar Crest Village Llc Pompton Plains, NJ | $458,841,206 | $94,228,748 |
Ann S Choice Inc Warminster, PA | $390,463,878 | $78,899,329 |
Acts Retirement Services Inc Fort Washington, PA | $53,774,543 | $61,999,737 |
Lantern Hill Inc New Providence, NJ | $464,665,892 | $49,148,353 |
Whitemarsh Continuing Care Retirement Community Lafayette Hill, PA | $237,675,792 | $39,315,037 |
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
King Farm Presbyterian Retirement Rockville, MD | $301,432,870 | $34,783,503 |
Caringhouse Projects Incorporated Pleasantville, NJ | $35,651,045 | $47,839,367 |
Concordia Lutheran Ministries Of Pittsburgh Pittsburgh, PA | $101,461,859 | $42,844,424 |
Sjf Ccrc Inc Voorhees, NJ | $105,324,676 | $30,989,570 |
Hudson Lutheran Housing Corporation Secaucus, NJ | $0 | $195,483 |