Norris Square Senior Housing Inc
- Assets
- $2.9m
- Revenue
- $374.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Philadelphia, PA
- Founding
- 08/1997
- Data as of
- 12/2021
- EIN
- 23-2898104
Organization Overview
Norris Square Senior Housing Inc is located in Philadelphia, PA. The organization was established in 1997. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2021, Norris Square Senior Housing Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Norris Square Senior Housing 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, Norris Square Senior Housing Inc generated $374.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $504.7k 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 DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE 35-UNIT PROJECT FOR LOW-INCOME ELDERLY IN NORTH PHILADELPHIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Cosner Treasurer | OfficerTrustee | 1.5 | $0 |
Rev Alfred Bradley Cssr President | OfficerTrustee | 1.5 | $0 |
Zasha Morales Secretary | OfficerTrustee | 1.5 | $0 |
Michelle Carrera Director | Trustee | 1.5 | $0 |
Eliezer Vila Director | Trustee | 1.5 | $0 |
Heather Huot Director | Trustee | 1.5 | $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 | $372,728 |
| Investment income | $26 |
| 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 | $374,180 |
| 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 | $71,643 |
| Pension plan accruals and contributions | $2,276 |
| Other employee benefits | $9,311 |
| Payroll taxes | $5,600 |
| Fees for services: Management | $24,983 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,244 |
| 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 | $14,081 |
| Information technology | $67 |
| Royalties | $0 |
| Occupancy | $99,058 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $579 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $154,640 |
| Insurance | $25,862 |
| All other expenses | $0 |
| Total functional expenses | $504,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,346 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $557 |
| 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 | $1,062 |
| Net Land, buildings, and equipment | $2,618,942 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $269,148 |
| Total assets | $2,922,055 |
| Accounts payable and accrued expenses | $90,448 |
| Grants payable | $0 |
| Deferred revenue | $234 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $8,127 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,746,601 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,845,410 |
| Net assets without donor restrictions | -$923,355 |
| 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 | $2,922,055 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Seabrook Village Inc Tinton Falls, NJ | $317,428,948 | $63,950,386 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Albright Care Services Frederick, MD | $96,340,327 | $64,491,895 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |
Kendal-Crosslands Communities Kennett Square, PA | $254,475,918 | $64,274,930 |
United Church Of Christ Homes Camp Hill, PA | $133,046,183 | $59,846,484 |
Trustees Of The Masonic Hall And Asylum Fund New York, NY | $379,711,052 | $51,080,560 |
Concordia Lutheran Health And Human Care Cabot, PA | $105,474,184 | $66,315,819 |