Upper Perkiomen Manor
- Assets
- $2.3m
- Revenue
- $959.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Red Hill, PA
- Founding
- 11/1983
- Data as of
- 09/2022
- EIN
- 23-2438091
Organization Overview
Upper Perkiomen Manor is located in Red Hill, PA. The organization was established in 1983. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Upper Perkiomen Manor 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 09/2022, Upper Perkiomen Manor generated $959.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. While expenses have increased by 1.9% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING RENTAL HOUSING AND RELATED SERVICES TO LOW-INCOME ELDERLY PERSONS AND PERSONS WITH DISABILITIES IN RED HILL, PA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE RENTAL HOUSING FOR LOW-INCOME ELDERLY PERSONS AND PERSONS WITH DISABILITIES. UPPER PERKIOMEN MANOR IS A 100-UNIT APARTMENT COMPLEX FOR LOW-INCOME ELDERLY PERSONS AND PERSONS WITH DISABILITIES, LOCATED IN RED HILL, PA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Putera Director/tre | OfficerTrustee | 1 | $0 |
Beverly Fox Director/pre | OfficerTrustee | 1 | $0 |
Paster Nicholas Pence Director/vic | OfficerTrustee | 1 | $0 |
Vincent Hamm Director/sec | OfficerTrustee | 1 | $0 |
Ruth Hamm Director | Trustee | 0.5 | $0 |
Rebekah Putera Director | Trustee | 0.5 | $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 | $959,440 |
| Investment income | $240 |
| 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 | $959,680 |
| 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 | $160,654 |
| Pension plan accruals and contributions | $10,530 |
| Other employee benefits | $26,282 |
| Payroll taxes | $12,290 |
| Fees for services: Management | $61,500 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $18,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $300 |
| Office expenses | $4,059 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,599 |
| Travel | $631 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,228 |
| Interest | $203,576 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,337 |
| Insurance | $44,863 |
| All other expenses | $9,431 |
| Total functional expenses | $1,052,652 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,383 |
| Savings and temporary cash investments | $28,552 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,809 |
| 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 | $17,900 |
| Net Land, buildings, and equipment | $1,874,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,099 |
| Total assets | $2,251,433 |
| Accounts payable and accrued expenses | $80,122 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $3,908,945 |
| Other liabilities | $36,241 |
| Total liabilities | $4,025,308 |
| Net assets without donor restrictions | -$1,773,875 |
| 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 | $2,251,433 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Community Housing Network Inc Columbus, OH | $58,364,637 | $14,874,820 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |