Penn Gardens Inc
- Assets
- $851.2k
- Revenue
- $246.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Sellersville, PA
- Founding
- 07/1989
- Data as of
- 12/2021
- EIN
- 23-2544031
Organization Overview
Penn Gardens Inc is located in Sellersville, 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penn Gardens 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 12/2021, Penn Gardens Inc generated $246.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $198.2k during the year ending 12/2021. 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 HOUSING FOR LOW INCOME PERSONS WITH A PERSISTENT MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES TWENTY RENTAL UNITS TO LOW-INCOME INDIVIDUALS WITH PERSISTENT MENTAL ILLNESS. THE PROJECT IS LOCATED IN WEST ROCKHILL TOWNSHIP, SELLERSVILLE, PA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Westwood President | OfficerTrustee | 0.5 | $0 |
Karen Kern Secretary | OfficerTrustee | 0.5 | $0 |
Dorothy K Weik-Hange Treasurer | OfficerTrustee | 0.3 | $0 |
Wayne A Mugrauer CEO | Officer | 0.5 | $0 |
Kellie O'neill CFO (through Nov 2021) | Officer | 1 | $0 |
Matthew Mcclinnis CFO (nov - Dec 2021) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $197,364 |
| 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 | $197,364 |
| Total Program Service Revenue | $47,868 |
| Investment income | $53 |
| 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 | $246,747 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $13,247 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,319 |
| Advertising and promotion | $0 |
| Office expenses | $3,892 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,940 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,586 |
| Insurance | $1,770 |
| All other expenses | $0 |
| Total functional expenses | $198,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,695 |
| Savings and temporary cash investments | $261,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,453 |
| Net Land, buildings, and equipment | $537,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,434 |
| Total assets | $851,216 |
| Accounts payable and accrued expenses | $27,839 |
| 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 | $687,706 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,434 |
| Total liabilities | $720,979 |
| Net assets without donor restrictions | $130,237 |
| 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 | $851,216 |
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Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
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East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
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