Sanatoga Ridge Community Inc
- Assets
- $11.8m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 27
- Location
- Pottstown, PA
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 23-2506257
Organization Overview
Sanatoga Ridge Community Inc is located in Pottstown, PA. The organization was established in 1990. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Sanatoga Ridge Community Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sanatoga Ridge Community 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 12/2022, Sanatoga Ridge Community Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 8 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
DEVELOP, OPERATE AND PROVIDE A MODERATE INCOME RETIREMENT COMMUNITY IN THE POTTSTOWN, PENNSYLVANIA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF MODERATE INCOME RETIREMENT COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Savitsky Member | Trustee | 1 | $0 |
Jeffrey Melchoir Treasurer | Officer | 1 | $0 |
Linda Detwiler Vice President | Officer | 1 | $0 |
Doug Keene Secretary | Officer | 1 | $0 |
Patty Bleakley Executive Director | Officer | 40 | $101,734 |
Ginger Derenzo President | Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Triton Landscaping Landscaping | 12/30/22 | $189,270 |
Acuity Advisors And Cpas Llp Professional Services | 12/30/22 | $135,650 |
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 | $3,649,803 |
| Investment income | $53,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $66,202 |
| 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 | $3,769,712 |
| 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. | $101,734 |
| Compensation of current officers, directors, key employees. | $101,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $153,016 |
| Payroll taxes | $49,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,711 |
| Fees for services: Accounting | $40,120 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,940 |
| Advertising and promotion | $17,989 |
| Office expenses | $34,147 |
| Information technology | $20,927 |
| Royalties | $0 |
| Occupancy | $883,465 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $305,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $852,789 |
| Insurance | $94,129 |
| All other expenses | $0 |
| Total functional expenses | $4,732,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,763 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,289 |
| 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 | $0 |
| Net Land, buildings, and equipment | $9,422,582 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $102,821 |
| Other assets | $1,944,258 |
| Total assets | $11,758,713 |
| Accounts payable and accrued expenses | $994,388 |
| Grants payable | $0 |
| Deferred revenue | $154,630 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $80,905 |
| Secured mortgages and notes payable | $2,102,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,722,758 |
| Total liabilities | $33,054,809 |
| Net assets without donor restrictions | -$21,296,096 |
| 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 | $11,758,713 |