Residential Resources Inc
- Assets
- $24.6m
- Revenue
- $5.4m
- Investments
- $2.1m
- Employees
- 13
- Location
- Pittsburgh, PA
- Founding
- 04/1989
- Data as of
- 06/2022
- 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 06/2022, Residential Resources Inc employed 13 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 06/2022, Residential Resources Inc generated $5.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.5%) per year over the past 7 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
2022
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 | $128,148 |
Christopher Smith Jr ESQ Chairman | Officer | 1 | $0 |
Ronald M Boltey Vice Chairman | Officer | 1 | $0 |
Debra Ries Secretary | Officer | 1 | $0 |
Frank Aggazio Mpa Treasurer | Officer | 1 | $0 |
Diane Len Schmoyer Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C Clark Construction General Contracting - Construction | 6/29/22 | $522,311 |
Mikelco Accessibility Construction | 6/29/22 | $397,788 |
Selective Insurance Company Insurance | 6/29/22 | $177,761 |
Zwigart Remodeling General Contracting - Construction | 6/29/22 | $362,341 |
Cillo Plumbing Plumbing Services | 6/29/22 | $169,265 |
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 | $5,210,234 |
| Investment income | $6,092 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $45,633 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,401,073 |
| 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 | $151,380 |
| Other salaries and wages | $628,221 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $204,588 |
| Payroll taxes | $65,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,122 |
| 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 | $28,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $244,211 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,393,922 |
| Insurance | $191,051 |
| All other expenses | $5,185 |
| Total functional expenses | $4,582,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $201,184 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $593,499 |
| 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 | $76,925 |
| Net Land, buildings, and equipment | $21,430,566 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,136,426 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $157,896 |
| Total assets | $24,596,496 |
| Accounts payable and accrued expenses | $515,487 |
| 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 | $7,578,597 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$136,219 |
| Total liabilities | $7,957,865 |
| Net assets without donor restrictions | $14,813,631 |
| 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 | $24,596,496 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Frontline Community Services Inc Beltsville, MD | $6,957,560 | $20,985,182 |
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
Montgomery Housing Partnership Inc Silver Spring, MD | $117,127,971 | $17,924,784 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
Enterprise Community Loan Fund Inc Columbia, MD | $332,804,742 | $25,996,753 |
Habitat For Humanity International Inc Cincinnati, OH | $19,861,311 | $21,403,808 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |