Bristol Gardens Inc
- Assets
- $42.6m
- Revenue
- $38.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Wayne, PA
- Founding
- 08/1968
- Data as of
- 09/2023
- EIN
- 23-6448669
Organization Overview
Bristol Gardens Inc is located in Wayne, PA. The organization was established in 1968. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Bristol Gardens Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Gardens Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Bristol Gardens Inc generated $38.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 51.3% each year . All expenses for the organization totaled $3.0m during the year ending 09/2023. While expenses have increased by 0.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
LOW AND MODERATE INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW AND MODERATE INCOME HOUSING
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 |
|---|---|---|---|
Joshua Klein President/ T | Officer | 30 | $53,846 |
Alexander Klein Vice Preside | Officer | 2 | $13,461 |
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 | $2,372,300 |
| Investment income | $312,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $35,977,720 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,662,045 |
| 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 | $618,654 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,896 |
| Payroll taxes | $50,361 |
| Fees for services: Management | $311,850 |
| Fees for services: Legal | $21,710 |
| Fees for services: Accounting | $21,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,323 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,255 |
| Office expenses | $19,935 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $663,256 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $235,486 |
| Insurance | $113,225 |
| All other expenses | $180,700 |
| Total functional expenses | $3,016,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $365,478 |
| Savings and temporary cash investments | $1,588,138 |
| 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 | $27,702 |
| Net Land, buildings, and equipment | $405,358 |
| Investments—publicly traded securities | $40,156,672 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,000 |
| Other assets | $0 |
| Total assets | $42,558,348 |
| Accounts payable and accrued expenses | $19,447 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,550 |
| Total liabilities | $22,997 |
| Net assets without donor restrictions | $42,535,351 |
| 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 | $42,558,348 |