Residential Resources Inc
- Assets
- $24.5m
- Revenue
- $6.5m
- Investments
- $2.2m
- Employees
- 10
- Location
- Pittsburgh, PA
- Founding
- 04/1989
- Data as of
- 06/2023
- EIN
- 23-2502873
Organization Overview
Residential Resources Inc is located in Pittsburgh, PA. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Residential Resources Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residential Resources 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 06/2023, Residential Resources Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $4.4m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HOUSING AND ACCESSIBLE HOME MODIFICATION SERVICES TO PERSONS WITH DISABILITIES, THEIR FAMILIES AND THOSE WHO PROVIDE FOR THEIR CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING QUALITY, AFFORDABLE, AND WELL-MAINTAINED RESIDENTIAL HOUSING AND OTHER FACILITIES DIRECTLY TO PERSONS WITH DISABILITIES OR THROUGH AGENCIES RESPONSIBLE FOR THEIR CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Jeffrey Lengel President | OfficerTrustee | 30 | $134,456 |
Diane Len Schmoyer Director | Trustee | 1 | $0 |
Ronald C Recker Director | Trustee | 1 | $0 |
Gregg Bernaciak ESQ Director | Trustee | 1 | $0 |
Christopher P Smith Jr ESQ Chairman | Officer | 1 | $0 |
Ronald M Boltey Vice Chairman | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tedco Construction Corporation General Contracting - Construction | 6/29/23 | $790,472 |
Mikelco Accessibility Construction | 6/29/23 | $416,182 |
C Clark Construction General Contracting - Construction | 6/29/23 | $423,962 |
C Zwigart And Sons General Contracting - Construction | 6/29/23 | $223,182 |
Selective Insurance Company Insurance | 6/29/23 | $195,206 |
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 | $5,736,786 |
| Investment income | $32,498 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $767,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,541,377 |
| 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 | $156,313 |
| Other salaries and wages | $614,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $222,991 |
| Payroll taxes | $61,817 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,763 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,285 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $205,640 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,320,903 |
| Insurance | $204,670 |
| All other expenses | $52,983 |
| Total functional expenses | $4,427,811 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $546,050 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $742,120 |
| 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 | $142,845 |
| Net Land, buildings, and equipment | $20,700,096 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,155,800 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $232,870 |
| Total assets | $24,519,781 |
| Accounts payable and accrued expenses | $872,055 |
| 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 | $4,892,930 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$73,131 |
| Total liabilities | $5,691,854 |
| Net assets without donor restrictions | $17,002,927 |
| Net assets with donor restrictions | $1,825,000 |
| 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 | $24,519,781 |